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Notes Payable and Long-Term Debt (Tables)
12 Months Ended
Aug. 31, 2018
Debt Disclosure [Abstract]  
Schedule of notes payable
Notes payable as of August 31, 2018, and 2017, consisted of the following:

 
 
Weighted-average Interest Rate
 
 
 
 
 
 
2018
 
(As Restated)
2017
 
2018
 
(As Restated)
2017
 
 
 
 
 
 
(Dollars in thousands)
Notes payable
 
3.50%
 
2.40%
 
$
1,437,264

 
$
1,695,423

CHS Capital notes payable
 
2.82%
 
1.90%
 
834,932

 
289,740

Total notes payable
 
$
2,272,196

 
$
1,985,163

Summary of primary lines of credit
The following table summarizes our primary lines of credit as of August 31, 2018, and 2017:
Primary Revolving Credit Facilities
 
Fiscal Year
of Maturity
 
Total Capacity
 
Borrowings Outstanding
 
Interest Rates
 
 
 
 
2018
 
2018
 
2017
 
 
 
 
 
 
(Dollars in thousands)
 
 
Committed Five-Year Unsecured Facility
 
2021
 
$
3,000,000

 
$—
 
$480,000
 
LIBOR or Base Rate +0.00% to 1.45%
Uncommitted Bilateral Facilities
 
2019
 
515,000

 
515,000
 
350,000
 
LIBOR or Base Rate +0.00% to 1.20%
Schedule of amounts included in long-term debt
Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2018, and 2017, are presented in the table below.
 
 
 
2018
 
2017
 
 
 
(Dollars in thousands)
6.18% unsecured notes $400 million face amount, due in equal installments beginning in 2014 through 2018
 
$

 
$
80,000

5.60% unsecured notes $60 million face amount, due in equal installments beginning in 2012 through 2018
 

 
4,615

5.78% unsecured notes $50 million face amount, due in equal installments beginning in 2014 through 2018
 

 
10,000

4.00% unsecured notes $100 million face amount, due in equal installments beginning in 2017 through 2021
 
60,000

 
80,000

4.08% unsecured notes $130 million face amount, due in 2019 (a)
 
129,229

 
130,690

4.52% unsecured notes $160 million face amount, due in 2021 (a)
 
157,528

 
163,496

4.67% unsecured notes $130 million face amount, due in 2023 (a)
 
128,577

 
135,792

4.39% unsecured notes $152 million face amount, due in 2023
 
152,000

 
152,000

3.85% unsecured notes $80 million face amount, due in 2025
 
80,000

 
80,000

3.80% unsecured notes $100 million face amount, due in 2025
 
100,000

 
100,000

4.58% unsecured notes $150 million face amount, due in 2025
 
145,213

 
149,293

4.82% unsecured notes $80 million face amount, due in 2026
 
80,000

 
80,000

4.69% unsecured notes $58 million face amount, due in 2027
 
58,000

 
58,000

4.74% unsecured notes $95 million face amount, due in 2028
 
95,000

 
95,000

4.89% unsecured notes $100 million face amount, due in 2031
 
100,000

 
100,000

4.71% unsecured notes $100 million face amount, due in 2033
 
100,000

 
100,000

5.40% unsecured notes $125 million face amount, due in 2036
 
125,000

 
125,000

Private Placement debt
 
1,510,547

 
1,643,886

5.59% unsecured term loans from cooperative and other banks, due in equal installments beginning in 2013 through 2018
 

 
15,000

2.25% unsecured term loans from cooperative and other banks, due in 2025 (b)
 
366,000

 
430,000

Bank financing
 
366,000

 
445,000

Capital lease obligations
 
25,280

 
33,075

Other notes and contracts with interest rates from 1.30% to 15.25%
 
32,607

 
62,652

Deferred financing costs
 
(4,179
)
 
(4,820
)
Total long-term debt
 
1,930,255

 
2,179,793

Less current portion
 
167,565

 
156,345

Long-term portion
 
$
1,762,690

 
$
2,023,448

_______________________________________

(a) 
We have entered into interest rate swaps designated as fair value hedging relationships with these notes. Changes in the fair value of the swaps are recorded each period with a corresponding adjustment to the carrying value of the debt. See Note 13, Derivative Financial Instruments and Hedging Activities for more information.
(b) 
Borrowings are variable under the agreement and bear interest at a base rate (or a LIBO rate) plus an applicable margin.
Schedule of minimum future payments
Long-term debt outstanding as of August 31, 2018, has aggregate maturities, excluding fair value adjustments and capital leases (see Note 6, Property, Plant and Equipment for a schedule of minimum future lease payments under capital leases), as follows:
 
(Dollars in thousands)
2019
$
162,846

2020
30,671

2021
182,472

2022
65

2023
282,065

Thereafter
1,260,570

Total 
$
1,918,689