Equities (Tables)

3 Months Ended

Nov. 30, 2020

Class of Stock [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

	Pension and Other Postretirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustment		Total
	(Dollars in thousands)
Balance as of August 31, 2020, net of tax	$	(159,680)	$	10,886	$	(85,130)	$	(233,924)
Other comprehensive income (loss), before tax:
Amounts before reclassifications	(125)		14,506		3,629		18,010
Amounts reclassified	4,977		(12,284)		—		(7,307)
Total other comprehensive income, before tax	4,852		2,222		3,629		10,703
Tax effect	(1,207)		(553)		(26)		(1,786)
Other comprehensive income, net of tax	3,645		1,669		3,603		8,917
Balance as of November 30, 2020, net of tax	$	(156,035)	$	12,555	$	(81,527)	$	(225,007)

	Pension and Other Postretirement Benefits		Cash Flow Hedges		Foreign Currency Translation Adjustment		Total
	(Dollars in thousands)
Balance as of August 31, 2019, net of tax	$	(172,478)	$	15,297	$	(69,752)	$	(226,933)
Other comprehensive income (loss), before tax:
Amounts before reclassifications	(85)		(3,331)		(2,411)		(5,827)
Amounts reclassified	4,977		(4,473)		—		504
Total other comprehensive income (loss), before tax	4,892		(7,804)		(2,411)		(5,323)
Tax effect	181		1,932		1,572		3,685
Other comprehensive income (loss), net of tax	5,073		(5,872)		(839)		(1,638)
Balance as of November 30, 2019, net of tax	$	(167,405)	$	9,425	$	(70,591)	$	(228,571)

Schedule of Stockholders Equity

Changes in equities for the three months ended November 30, 2020 and 2019, 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)
Balances, August 31, 2020	$	3,724,187	$	28,727	$	1,408,696	$	2,264,038	$	(233,924)	$	1,618,147	$	9,302	$	8,819,173
Reversal of prior year redemption estimates	7,726		—		—		—		—		—		—		7,726
Redemptions of equities	(6,539)		(31)		(1,156)		—		—		—		—		(7,726)
Preferred stock dividends	—		—		—		—		—		(84,334)		—		(84,334)
Other, net	(654)		(47)		(197)		—		—		(7,798)		35		(8,661)
Net income (loss)	—		—		—		—		—		69,671		(302)		69,369
Other comprehensive income, net of tax	—		—		—		—		8,917		—		—		8,917
Estimated 2021 cash patronage refunds	—		—		—		—		—		(9,304)		—		(9,304)
Estimated 2021 equity redemptions	(9,304)		—		—		—		—		—		—		(9,304)
Balances, November 30, 2020	$	3,715,416	$	28,649	$	1,407,343	$	2,264,038	$	(225,007)	$	1,586,382	$	9,035	$	8,785,856

	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)
Balances, August 31, 2019	$	3,753,493	$	29,074	$	1,206,310	$	2,264,038	$	(226,933)	$	1,584,158	$	7,390	$	8,617,530
Reversal of prior year redemption estimates	5,447		—		—		—		—		—		—		5,447
Redemptions of equities	(4,721)		(54)		(672)		—		—		—		—		(5,447)
Preferred stock dividends	—		—		—		—		—		(84,334)		—		(84,334)
ASC Topic 842 cumulative-effect adjustment	—		—		—		—		—		33,707		—		33,707
Other, net	(8)		—		(39)		—		—		(1,312)		410		(949)
Net income	—		—		—		—		—		177,882		855		178,737
Other comprehensive loss, net of tax	—		—		—		—		(1,638)		—		—		(1,638)
Estimated 2020 cash patronage refunds	—		—		—		—		—		(28,504)		—		(28,504)
Estimated 2020 equity redemptions	(91,633)		—		—		—		—		—		—		(91,633)
Balances, November 30, 2019	$	3,662,578	$	29,020	$	1,205,599	$	2,264,038	$	(228,571)	$	1,681,597	$	8,655	$	8,622,916

Preferred Stock [Text Block]

Preferred Stock Dividends

    The following is a summary of dividends per share by series of preferred stock for the three months ended November 30, 2020 and 2019. Due to the timing of dividend declarations during the first quarter of each fiscal year, the per share amount of dividends is comprised of two quarterly dividend declarations for each period.

			Three Months Ended November 30,
	Nasdaq symbol		2020		2019
Series of preferred stock:		(Dollars per share)
8% Cumulative Redeemable	CHSCP		$	1.00	$	1.00
Class B Cumulative Redeemable, Series 1	CHSCO		0.98		0.98
Class B Reset Rate Cumulative Redeemable, Series 2	CHSCN		0.88		0.88
Class B Reset Rate Cumulative Redeemable, Series 3	CHSCM		0.84		0.84
Class B Cumulative Redeemable, Series 4	CHSCL		0.94		0.94