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Equities
 6 Months Ended
Feb. 28, 2022
Equity [Abstract]  
Equities
Changes in Equities

    Changes in equities for the six months ended February 28, 2022 and 2021, are as follows:
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
Stock		Capital
Reserves		Noncontrolling
Interests		Total
Equities
 (Dollars in thousands)
Balances, August 31, 2021$3,583,911 $28,431 $1,634,896 $2,264,038 $(216,391)$1,713,976 $8,465 $9,017,326 
Reversal of prior year redemption estimates
12,221 — — — — — — 12,221 
Redemptions of equities
(9,824)(318)(2,079)— — — — (12,221)
Preferred stock dividends
— — — — — (84,334)— (84,334)
Other, net
(1,023)17 (64)— — 1,393 (841)(518)
Net income (loss)— — — — — 451,961 (18)451,943 
Other comprehensive loss, net of tax— — — — (15,418)— — (15,418)
Estimated 2022 cash patronage refunds— — — — — (39,691)— (39,691)
Estimated 2022 equity redemptions(79,382)— — — — — — (79,382)
Balances, November 30, 20213,505,903 28,130 1,632,753 2,264,038 (231,809)2,043,305 7,606 9,249,926 
Reversal of prior year patronage and redemption estimates5,264 — (230,290)— — 260,120 — 35,094 
Distribution of 2021 patronage refunds— — 231,371 — — (261,414)— (30,043)
Redemptions of equities(4,228)(20)(1,016)— — — — (5,264)
Preferred stock dividends— — — — — (42,167)— (42,167)
Other, net(5)— — — — 50 (599)(554)
Net income (loss)— — — — — 219,000 (104)218,896 
Other comprehensive income, net of tax— — — — 9,954 — — 9,954 
Estimated 2022 cash patronage refunds— — — — — (22,466)— (22,466)
Estimated 2022 equity redemptions(44,932)— — — — — — (44,932)
Balances, February 28, 2022$3,462,002 $28,110 $1,632,818 $2,264,038 $(221,855)$2,196,428 $6,903 $9,368,444 
 Equity Certificates Accumulated
Other
Comprehensive
Loss		   
Capital
Equity
Certificates		Nonpatronage
Equity
Certificates		Nonqualified Equity CertificatesPreferred
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, 20203,715,416 28,649 1,407,343 2,264,038 (225,007)1,586,382 9,035 8,785,856 
Reversal of prior year patronage and redemption estimates4,760 — (211,970)— — 233,345 — 26,135 
Distribution of 2020 patronage refunds— — 214,720 — — (236,136)— (21,416)
Redemptions of equities(4,177)(35)(548)— — — — (4,760)
Preferred stock dividends— — — — — (42,167)— (42,167)
Other, net(26)— (15)— — 1,068 (361)666 
Net loss— — — — — (38,229)(129)(38,358)
Other comprehensive income, net of tax— — — — 2,549 — — 2,549 
Estimated 2021 cash patronage refunds— — — — — 5,639 — 5,639 
Estimated 2021 equity redemptions5,639 — — — — — — 5,639 
Balances, February 28, 2021$3,721,612 $28,614 $1,409,530 $2,264,038 $(222,458)$1,509,902 $8,545 $8,719,783 

Preferred Stock Dividends

    The following is a summary of dividends declared per share by series of preferred stock for the three and six months ended February 28, 2022 and 2021:
Three Months Ended February 28,Six Months Ended February 28,
Nasdaq symbol2022202120222021
Series of preferred stock:(Dollars per share)
8% Cumulative Redeemable
CHSCP$0.50 $0.50 $1.50 $1.50 
Class B Cumulative Redeemable, Series 1
CHSCO$0.49 $0.49 $1.48 $1.48 
Class B Reset Rate Cumulative Redeemable, Series 2
CHSCN$0.44 $0.44 $1.33 $1.33 
Class B Reset Rate Cumulative Redeemable, Series 3
CHSCM$0.42 $0.42 $1.27 $1.27 
Class B Cumulative Redeemable, Series 4
CHSCL$0.47 $0.47 $1.41 $1.41 
Accumulated Other Comprehensive Income (Loss)    

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three and six months ended February 28, 2022 and 2021, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of August 31, 2021, net of tax$(141,385)$4,824 $(79,830)$(216,391)
Other comprehensive income (loss), before tax:
Amounts before reclassifications
(83)870 (9,983)(9,196)
Amounts reclassified
5,064 (12,954)— (7,890)
Total other comprehensive income (loss), before tax4,981 (12,084)(9,983)(17,086)
Tax effect
(1,213)2,943 (62)1,668 
Other comprehensive income (loss), net of tax3,768 (9,141)(10,045)(15,418)
Balance as of November 30, 2021, net of tax(137,617)(4,317)(89,875)(231,809)
Other comprehensive income (loss), before tax:
Amounts before reclassifications
— 3,974 5,807 9,781 
Amounts reclassified
6,056 (4,705)— 1,351 
Total other comprehensive income (loss), before tax
6,056 (731)5,807 11,132 
Tax effect
(1,475)178 119 (1,178)
Other comprehensive income (loss), net of tax4,581 (553)5,926 9,954 
Balance as of February 28, 2022, net of tax$(133,036)$(4,870)$(83,949)$(221,855)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(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 tax4,852 2,222 3,629 10,703 
Tax effect
(1,207)(553)(26)(1,786)
Other comprehensive income, net of tax3,645 1,669 3,603 8,917 
Balance as of November 30, 2020, net of tax(156,035)12,555 (81,527)(225,007)
Other comprehensive income (loss), before tax:
Amounts before reclassifications
— 2,929 (587)2,342 
Amounts reclassified
5,151 (3,673)— 1,478 
Total other comprehensive income (loss), before tax
5,151 (744)(587)3,820 
Tax effect
(1,282)185 (174)(1,271)
Other comprehensive income (loss), net of tax3,869 (559)(761)2,549 
Balance as of February 28, 2021, net of tax$(152,166)$11,996 $(82,288)$(222,458)
    Amounts reclassified from accumulated other comprehensive income (loss) were related to pension and other postretirement benefits, cash flow hedges 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 9, Benefit Plans, for further information). Gains or losses associated with cash flow hedges are recorded as cost of goods sold (see Note 11, Derivative Financial Instruments and Hedging Activities, for further information). Gains or losses on foreign currency translation reclassifications related to sales of businesses are recorded as other income.