Other Assets (Tables)

12 Months Ended

Aug. 31, 2021

Other Assets [Abstract]

Schedule of Other Assets

Other assets as of August 31, 2021 and 2020, are as follows:

	2021		2020
	(Dollars in thousands)
Goodwill	$	171,601	$	172,404
Customer lists, trademarks and other intangible assets	58,395		65,025
Notes receivable (Note 3)	73,713		109,145
Long-term derivative assets (Note 15)	21,567		21,157
Prepaid pension and other benefits (Note 13)	119,825		106,209
Capitalized major maintenance	196,641		228,511
Cash value life insurance	147,682		130,673
Operating lease right of use assets (Note 19)	253,451		257,834
Other	55,333		48,471
Total other assets	$	1,098,208	$	1,139,429

Changes in the Net Carrying Amount of Goodwill

	Energy		Ag		Corporate and Other		Total
	(Dollars in thousands)
Balances, August 31, 2020	$	552	$	161,278	$	10,574	$	172,404
Goodwill disposed of during the period	—		(803)		—		(803)
Balances, August 31, 2021	$	552	$	160,475	$	10,574	$	171,601

Schedule of Intangible Assets included in Other Assets

Information regarding intangible assets is as follows:

	August 31, 2021						August 31, 2020
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
	(Dollars in thousands)
Customer lists	$	84,565	$	(29,254)	$	55,311	$	84,895	$	(23,770)	$	61,125
Trademarks and other intangible assets	10,425		(7,341)		3,084		10,735		(6,835)		3,900
Total intangible assets	$	94,990	$	(36,595)	$	58,395	$	95,630	$	(30,605)	$	65,025

Estimated Amortization Expense Related to Intangible Assets Subject to Amortization

The estimated annual amortization expense related to intangible assets subject to amortization for future years is as follows:

	(Dollars in thousands)
2022	$	6,701
2023	6,607
2024	6,557
2025	6,340
2026	6,159
Thereafter	25,945
Total	$	58,309

Activity Related to Capitalized Major Maintenance Costs at Refineries

Activity related to capitalized major maintenance costs at our refineries for the years ended August 31, 2021, 2020 and 2019, is summarized below:

	Balance at Beginning of Year		Cost Deferred		Amortization		Balance at End of Year
	(Dollars in thousands)
2021	$	228,511	$	41,899	$	(73,769)	$	196,641
2020	286,890		14,496		(72,875)		228,511
2019	130,780		224,406		(68,296)		286,890