Notes Payable and Long-Term Debt (Tables)

12 Months Ended

Aug. 31, 2022

Debt Disclosure [Abstract]

Schedule of notes payable

Notes payable as of August 31, 2022 and 2021, consisted of the following:

	Weighted-average Interest Rate
	2022	2021	2022		2021
			(Dollars in thousands)
Notes payable	4.41%	1.18%	$	459,398	$	864,147
CHS Capital notes payable	1.34%	1.00%	147,321		876,712
Total notes payable			$	606,719	$	1,740,859

Schedule of amounts included in long-term debt

Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2022 and 2021, are presented in the table below:

	2022		2021
	(Dollars in thousands)
4.67% unsecured notes $130 million face amount, due in fiscal 2023	$	130,000	$	130,000
4.39% unsecured notes $152 million face amount, due in fiscal 2023	152,000		152,000
3.85% unsecured notes $80 million face amount, due in fiscal 2025	80,000		80,000
3.80% unsecured notes $100 million face amount, due in fiscal 2025	100,000		100,000
4.58% unsecured notes $150 million face amount, due in fiscal 2025	150,000		150,000
4.82% unsecured notes $80 million face amount, due in fiscal 2026	80,000		80,000
4.69% unsecured notes $58 million face amount, due in fiscal 2027	58,000		58,000
3.24% unsecured notes $95 million face amount, due in fiscal 2027	95,000		95,000
4.74% unsecured notes $95 million face amount, due in fiscal 2028	95,000		95,000
3.48% unsecured notes $100 million face amount, due in fiscal 2030	100,000		100,000
4.89% unsecured notes $100 million face amount, due in fiscal 2031	100,000		100,000
3.58% unsecured notes $65 million face amount, due in fiscal 2032	65,000		65,000
4.71% unsecured notes $100 million face amount, due in fiscal 2033	100,000		100,000
3.73% unsecured notes $115 million face amount, due in fiscal 2035	115,000		115,000
5.40% unsecured notes $125 million face amount, due in fiscal 2036	125,000		125,000
Private placement debt	1,545,000		1,545,000
4.00% unsecured term loan from cooperative and other banks, due in fiscal 2025 (a)	366,000		—
Term loan	366,000		—
Finance lease liabilities	44,773		36,034
Other notes and contracts with interest rates from 4.0% to 9.0%	2,262		33,443
Deferred financing costs	(3,535)		(4,090)
Other	4,314		7,974
Total long-term debt	1,958,814		1,618,361
Less current portion	290,605		38,450
Long-term portion	$	1,668,209	$	1,579,911
(a) Borrowings are variable under the agreement and bear interest at a base rate plus an applicable margin.

Schedule of minimum future payments

Long-term debt outstanding as of August 31, 2022, has aggregate maturities, excluding fair value adjustments and finance leases (see Note 19, Leases, for a schedule of minimum future lease payments under finance leases), as follows:

	(Dollars in thousands)
2023	$	283,066
2024	882
2025	330,344
2026	446,020
2027	58,021
Thereafter	795,000
Total	$	1,913,333