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Equities
 9 Months Ended
May 31, 2024
Equity [Abstract]  
Equities
Changes in Equities

Changes in equities for the three months ended May 31, 2024 and 2023, 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, February 29, 2024$3,832,347 $27,460 $1,928,396 $2,264,038 $(267,269)$2,976,811 $5,780 $10,767,563 
Reversal of prior year patronage and redemption estimates325,690 — — — — 64,917 — 390,607 
Distribution of 2023 patronage refunds614 — 156 — — (65,972)— (65,202)
Redemptions of equities
(319,738)(124)(5,827)— — — — (325,689)
Preferred stock dividends
— — — — — (42,167)— (42,167)
Other, net
225 — (9)— — 109 (69)256 
Net income (loss)— — — — — 297,274 (19)297,255 
Other comprehensive loss, net of tax— — — — (3,592)— — (3,592)
Estimated 2024 cash patronage refunds— — — — — (52,357)— (52,357)
Estimated 2024 equity redemptions(52,357)— — — — — — (52,357)
Balances, May 31, 2024$3,786,781 $27,336 $1,922,716 $2,264,038 $(270,861)$3,178,615 $5,692 $10,914,317 
 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, February 28, 2023$3,307,140 $27,861 $1,771,844 $2,264,038 $(257,163)$2,710,507 $5,092 $9,829,319 
Reversal of prior year patronage and redemption estimates462,690 — — — — 119,360 — 582,050 
Distribution of 2022 patronage refunds2,615 — 1,226 — — (124,889)— (121,048)
Redemptions of equities
(457,679)(112)(4,898)— — — — (462,689)
Other, net
(678)(44)(115)— — 574 (16)(279)
Net income (loss)— — — — — 547,499 (156)547,343 
Other comprehensive loss, net of tax— — — — (3,108)— — (3,108)
Estimated 2023 cash patronage refunds— — — — — (144,105)— (144,105)
Estimated 2023 equity redemptions(144,105)— — — — — — (144,105)
Balances, May 31, 2023$3,169,983 $27,705 $1,768,057 $2,264,038 $(260,271)$3,108,946 $4,920 $10,083,378 

Change in equities for the nine months ended May 31, 2024 and 2023, 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, 2023$3,951,385 $27,558 $1,932,706 $2,264,038 $(265,395)$2,537,486 $4,611 $10,452,389 
Reversal of prior year patronage and redemption estimates(363,978)— (169,159)— — 1,240,284 — 707,147 
Distribution of 2023 patronage refunds708,008 — 169,207 — — (1,243,167)— (365,952)
Redemptions of equities
(331,883)(219)(10,045)— — — — (342,147)
Preferred stock dividends
— — — — — (168,668)— (168,668)
Other, net
203 (3)7 — — (870)629 (34)
Net income— — — — — 990,504 452 990,956 
Other comprehensive loss, net of tax— — — — (5,466)— — (5,466)
Estimated 2024 cash patronage refunds— — — — — (176,954)— (176,954)
Estimated 2024 equity redemptions(176,954)— — — — — — (176,954)
Balances, May 31, 2024$3,786,781 $27,336 $1,922,716 $2,264,038 $(270,861)$3,178,615 $5,692 $10,914,317 
 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, 2022$3,587,131 $27,933 $1,776,172 $2,264,038 $(255,335)$2,055,682 $5,645 $9,461,266 
Reversal of prior year patronage and redemption estimates(28,368)— (153,858)— — 1,162,661 — 980,435 
Distribution of 2022 patronage refunds516,246 — 154,484 — — (1,173,668)— (502,938)
Redemptions of equities
(471,589)(184)(8,662)— — — — (480,435)
Preferred stock dividends
— — — — — (126,501)— (126,501)
Other, net
(390)(44)(79)— — 1,401 (614)274 
Net income (loss)— — — — — 1,622,418 (111)1,622,307 
Other comprehensive loss, net of tax— — — — (4,936)— — (4,936)
Estimated 2023 cash patronage refunds— — — — — (433,047)— (433,047)
Estimated 2023 equity redemptions(433,047)— — — — — — (433,047)
Balances, May 31, 2023$3,169,983 $27,705 $1,768,057 $2,264,038 $(260,271)$3,108,946 $4,920 $10,083,378 

Preferred Stock Dividends

    The following table presents a summary of dividends declared per share by series of preferred stock for the three and nine months ended May 31, 2024 and 2023. The timing of dividend declarations throughout the fiscal year changed during fiscal 2024 such that dividends historically declared during the fourth quarter were declared during the third quarter of fiscal 2024.
Three Months Ended May 31,Nine Months Ended May 31,
Nasdaq symbol2024202320242023
Series of preferred stock:(Dollars per share)
8% Cumulative RedeemableCHSCP$0.50 $— $2.00 $1.50 
Class B Cumulative Redeemable, Series 1CHSCO$0.49 $— $1.97 $1.48 
Class B Reset Rate Cumulative Redeemable, Series 2CHSCN$0.44 $— $1.78 $1.33 
Class B Reset Rate Cumulative Redeemable, Series 3CHSCM$0.42 $— $1.69 $1.27 
Class B Cumulative Redeemable, Series 4CHSCL$0.47 $— $1.88 $1.41 

Accumulated Other Comprehensive Income (Loss)    

Changes in accumulated other comprehensive income (loss) by component for the three months ended May 31, 2024 and 2023, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 29, 2024, net of tax$(173,857)$4,174 $(97,586)$(267,269)
Other comprehensive income (loss), before tax:
Amounts before reclassifications20 2,209 (3,104)(875)
Amounts reclassified45 (3,111)— (3,066)
Total other comprehensive income (loss), before tax65 (902)(3,104)(3,941)
Tax effect(16)221 144 349 
Other comprehensive income (loss), net of tax49 (681)(2,960)(3,592)
Balance as of May 31, 2024, net of tax$(173,808)$3,493 $(100,546)$(270,861)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of February 28, 2023, net of tax$(164,089)$3,779 $(96,853)$(257,163)
Other comprehensive income (loss), before tax:
Amounts before reclassifications148 (1,051)(800)(1,703)
Amounts reclassified23 (2,289)— (2,266)
Total other comprehensive income (loss), before tax171 (3,340)(800)(3,969)
Tax effect(41)809 93 861 
Other comprehensive income (loss), net of tax130 (2,531)(707)(3,108)
Balance as of May 31, 2023, net of tax$(163,959)$1,248 $(97,560)$(260,271)

Changes in accumulated other comprehensive income (loss) by component for the nine months ended May 31, 2024 and 2023, are as follows:
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of August 31, 2023, net of tax$(173,925)$2,032 $(93,502)$(265,395)
Other comprehensive income (loss), before tax:
Amounts before reclassifications20 15,130 (7,206)7,944 
Amounts reclassified135 (13,195)— (13,060)
Total other comprehensive income (loss), before tax155 1,935 (7,206)(5,116)
Tax effect(38)(474)162 (350)
Other comprehensive income (loss), net of tax117 1,461 (7,044)(5,466)
Balance as of May 31, 2024, net of tax$(173,808)$3,493 $(100,546)$(270,861)
Pension and Other Postretirement BenefitsCash Flow HedgesForeign Currency Translation AdjustmentTotal
(Dollars in thousands)
Balance as of August 31, 2022, net of tax$(168,640)$8,843 $(95,538)$(255,335)
Other comprehensive income (loss), before tax:
Amounts before reclassifications351 (24,392)(2,288)(26,329)
Amounts reclassified70 14,368 — 14,438 
Total other comprehensive income (loss), before tax421 (10,024)(2,288)(11,891)
Tax effect4,260 2,429 266 6,955 
Other comprehensive income (loss), net of tax4,681 (7,595)(2,022)(4,936)
Balance as of May 31, 2023, net of tax$(163,959)$1,248 $(97,560)$(260,271)

    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). As described in Note 11, Derivative Financial Instruments and Hedging Activities, amounts reclassified from accumulated other comprehensive loss for cash flow hedges are recorded in cost of goods sold. Gains or losses on foreign currency translation reclassifications are recorded in other income.