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Revenues (Notes)
 6 Months Ended
Feb. 28, 2021
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
    The following table presents revenues recognized under Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by reportable segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815"), and other applicable accounting guidance for the three and six months ended February 28, 2021, and February 29, 2020. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 842, Leases, and ASC Topic 470, Debt, that fall outside the scope of ASC Topic 606.
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended February 28, 2021(Dollars in thousands)
Energy$1,243,072 $129,086 $— $1,372,158 
Ag1,169,411 5,753,333 15,468 6,938,212 
Corporate and Other4,535 — 5,254 9,789 
Total revenues
$2,417,018 $5,882,419 $20,722 $8,320,159 
Three Months Ended February 29, 2020
Energy$1,375,905 $85,145 $— $1,461,050 
Ag1,066,783 4,035,447 21,972 5,124,202 
Corporate and Other5,343 — 7,631 12,974 
Total revenues
$2,448,031 $4,120,592 $29,603 $6,598,226 
Six Months Ended February 28, 2021
Energy$2,308,036 $321,969 $— $2,630,005 
Ag2,513,910 11,840,572 29,132 14,383,614 
Corporate and Other10,995 — 11,188 22,183 
Total revenues
$4,832,941 $12,162,541 $40,320 $17,035,802 
Six Months Ended February 29, 2020
Energy$3,069,753 $286,720 $— $3,356,473 
Ag2,425,409 8,351,534 59,114 10,836,057 
Corporate and Other10,883 — 16,298 27,181 
Total revenues
$5,506,045 $8,638,254 $75,412 $14,219,711 

    Less than 1% of revenues accounted for under ASC Topic 606 included within the table above are recorded over time; these revenues are primarily related to service contracts.

Contract Assets and Contract Liabilities

    Contract assets relate to unbilled amounts arising from goods that have already been transferred to the customer where the right to payment is not conditional on the passage of time. This results in recognition of an asset, as the amount of revenue recognized at a certain point in time exceeds the amount billed to the customer. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were not material as of February 28, 2021, or August 31, 2020.

    Contract liabilities relate to advance payments from customers for goods and services that we have yet to provide. Contract liabilities of $783.2 million and $139.1 million as of February 28, 2021, and August 31, 2020, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended February 28, 2021, and February 29, 2020, we recognized revenues of $19.9 million and $39.6 million related to contract liabilities, respectively. For the six months ended February 28, 2021, and February 29, 2020, we recognized revenues of $91.6 million and $131.6 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective periods.