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Equities
 3 Months Ended
Nov. 30, 2018
Equity [Abstract]  
Equities
Equities

Changes in Equities

Changes in equities for the three months ended November 30, 2018, and 2017 are as follows:
 
Equity Certificates
 
 
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
 
 
Capital
Equity
Certificates
 
Nonpatronage
Equity
Certificates
 
Nonqualified Equity Certificates
 
Preferred
Stock
 
 
Capital
Reserves
 
Noncontrolling
Interests
 
Total
Equities
 
(Dollars in thousands)
Balance, August 31, 2018
$
3,837,580

 
$
29,498

 
$
742,378

 
$
2,264,038

 
$
(199,915
)
 
$
1,482,003

 
$
9,446

 
$
8,165,028

Reversal of prior year redemption estimates
24,072

 
—

 
—

 
—

 
—

 
—

 
—

 
24,072

Redemptions of equities
(22,004
)
 
(183
)
 
(1,885
)
 
—

 
—

 
—

 
—

 
(24,072
)
Preferred stock dividends
—

 
—

 
—

 
—

 
—

 
(84,334
)
 
—

 
(84,334
)
Reclassification of unrealized (gain) loss on investments
—

 
—

 
—

 
—

 
(4,706
)
 
4,706

 
—

 
—

Other, net
(409
)
 
—

 
(26
)
 
—

 
—

 
3,436

 
318

 
3,319

Net income (loss)
—

 
—

 
—

 
—

 
—

 
347,504

 
(389
)
 
347,115

Other comprehensive income (loss), net of tax
—

 
—

 
—

 
—

 
389

 
—

 
—

 
389

Estimated 2019 cash patronage refunds
—

 
—

 
—

 
—

 
—

 
(89,344
)
 
—

 
(89,344
)
Estimated 2019 equity redemptions
(50,081
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(50,081
)
Balance, November 30, 2018
$
3,789,158

 
$
29,315

 
$
740,467

 
$
2,264,038

 
$
(204,232
)
 
$
1,663,971

 
$
9,375

 
$
8,292,092


    
 
Equity Certificates
 
 
 
Accumulated
Other
Comprehensive
Loss*
 
 
 
 
 
 
 
Capital
Equity
Certificates
 
Nonpatronage
Equity
Certificates
 
Nonqualified Equity Certificates
 
Preferred
Stock
 
 
Capital
Reserves*
 
Noncontrolling
Interests*
 
Total
Equities*
 
(Dollars in thousands)
Balance, August 31, 2017
$
3,906,426

 
$
29,836

 
$
405,387

 
$
2,264,038

 
$
(180,360
)
 
$
1,267,808

 
$
12,505

 
$
7,705,640

Reversal of prior year redemption estimates
1,561

 
—

 
—

 
—

 
—

 
—

 
—

 
1,561

Redemptions of equities
(1,449
)
 
(53
)
 
(59
)
 
—

 
—

 
—

 
—

 
(1,561
)
Preferred stock dividends
—

 
—

 
—

 
—

 
—

 
(84,334
)
 
—

 
(84,334
)
Other, net
(1,498
)
 
(66
)
 
(344
)
 
—

 
—

 
3,954

 
(2
)
 
2,044

Net income (loss)
—

 
—

 
—

 
—

 
—

 
187,646

 
(464
)
—

187,182

Other comprehensive income (loss), net of tax
—

 
—

 
—

 
—

 
3,019

 
—

 
—

 
3,019

Estimated 2018 cash patronage refunds
—

 
—

 
—

 
—

 
—

 
(50,702
)
 
—

 
(50,702
)
Estimated 2018 equity redemptions
(19,901
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(19,901
)
Balance, November 30, 2017 (As restated)
$
3,885,139

 
$
29,717

 
$
404,984

 
$
2,264,038

 
$
(177,341
)
 
$
1,324,372

 
$
12,039

 
$
7,742,948

* Certain amounts associated with Accumulated Other Comprehensive Loss, Capital Reserves and Noncontrolling Interests in the changes in equities table above were restated to reflect the impact of the misstatements associated with the restatement of previously issued financial statements. Note that the majority of the restatement adjustments within the changes in equities table above relate to the opening restatement adjustments to the August 31, 2017, balances. Additionally, the misstatements for activity in the changes in equities table above relates primarily to net income (loss) during the first quarter of fiscal 2018. Refer to further details included within Note 2, Restatement of Previously Issued Financial Information.

Accumulated Other Comprehensive Loss        

Changes in accumulated other comprehensive income (loss) by component, net of tax, are as follows for the three months ended November 30, 2018, and 2017:
 
Pension and Other Postretirement Benefits
 
Unrealized Net Gain on Available for Sale Investments
 
Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Total
 
(Dollars in thousands)
Balance as of August 31, 2018, net of tax
$
(140,335
)
 
$
8,861

 
$
(5,882
)
 
$
(62,559
)
 
$
(199,915
)
Other comprehensive income (loss), before tax:
 
 
 
 
 
 
 
 
 
Amounts before reclassifications
175

 
—

 
(317
)
 
(25
)
 
(167
)
Amounts reclassified out
2,565

 
—

 
(1,475
)
 
—

 
1,090

Total other comprehensive income (loss), before tax
2,740

 
—

 
(1,792
)
 
(25
)
 
923

Tax effect
(639
)
 
—

 
485

 
(380
)
 
(534
)
Other comprehensive income (loss), net of tax
2,101

 
—

 
(1,307
)
 
(405
)
 
389

Reclassifications
416

 
(8,861
)
 
983

 
2,756

 
(4,706
)
Balance as of November 30, 2018, net of tax
$
(137,818
)
 
$
—

 
$
(6,206
)
 
$
(60,208
)
 
$
(204,232
)


 
Pension and Other Postretirement Benefits
 
Unrealized Net Gain on Available for Sale Investments
 
Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Total
 
(Dollars in thousands)
Balance as of August 31, 2017, net of tax
$
(132,444
)
 
$
10,041

 
$
(6,954
)
 
$
(51,003
)
 
$
(180,360
)
Other comprehensive income (loss), before tax:
 
 
 
 
 
 
 
 
 
Amounts before reclassifications
—

 
4,044

 
(435
)
 
(612
)
 
2,997

Amounts reclassified out
4,214

 
—

 
429

 
(2,042
)
 
2,601

Total other comprehensive income (loss), before tax
4,214

 
4,044

 
(6
)
 
(2,654
)
 
5,598

Tax effect
(2,620
)
 
(404
)
 
2

 
443

 
(2,579
)
Other comprehensive income (loss), net of tax
1,594

 
3,640

 
(4
)
 
(2,211
)
 
3,019

Balance as of November 30, 2017, net of tax
$
(130,850
)
 
$
13,681

 
$
(6,958
)
 
$
(53,214
)
 
$
(177,341
)

    
Amounts reclassified from accumulated other comprehensive income (loss) were related to pension and other postretirement benefits, cash flow hedges, available for sale investments and foreign currency translation adjustments. Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition amounts and are recorded as cost of goods sold and marketing, general and administrative expenses (see Note 11, Benefit Plans, for further information). Amortization related to gains or losses on cash flow hedges was recorded to interest expense. Gains or losses on the sale of available for sale investments are recorded to other income. Foreign currency translation reclassifications related to sales of businesses are recorded to other income.