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Notes Payable and Long-Term Debt - Footnote Narrative (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Notes payable
Line of credit
Revolving credit facility
Aug. 31, 2011
Notes payable
Line of credit
Revolving credit facility
Aug. 31, 2012
Three-year revolving facilities
Line of credit
Revolving credit facility
Aug. 31, 2012
Five-year revolving facilities
Line of credit
Revolving credit facility
Aug. 31, 2011
Five-year revolving facilities
Line of credit
Revolving credit facility
Aug. 31, 2012
Three-year and five-year revolving facilities
Line of credit
Revolving credit facility
Lines_of_credit
Aug. 31, 2011
Two revolving lines of credit
Line of credit
Revolving credit facility
Oct. 31, 2011
Additional revolving lines of credit
Line of credit
Revolving credit facility
Lines_of_credit
Aug. 31, 2012
Additional revolving lines of credit, 364 day revolving facility
Line of credit
Revolving credit facility
Oct. 31, 2011
Additional revolving lines of credit, 364 day revolving facility
Line of credit
Revolving credit facility
Aug. 31, 2012
Additional revolving lines of credit, three year revolving facility
Line of credit
Revolving credit facility
Oct. 31, 2011
Additional revolving lines of credit, three year revolving facility
Line of credit
Revolving credit facility
Aug. 31, 2012
Committed revolving credit facility
Line of credit
Revolving credit facility
Aug. 31, 2012
Uncommitted lines of credit
Line of credit
Revolving credit facility
Aug. 31, 2011
Uncommitted lines of credit
Line of credit
Revolving credit facility
Aug. 31, 2011
Other international subsidiaries, lines of credit
Line of credit
Revolving credit facility
Aug. 31, 2012
Credit facilities, commercial paper programs
Line of credit
Revolving credit facility
Aug. 31, 2012
Miscellaneous short-term notes payable
Line of credit
Revolving credit facility
Aug. 31, 2011
Miscellaneous short-term notes payable
Line of credit
Revolving credit facility
Aug. 31, 2012
Revolving term loans from cooperative and other banks
Line of credit
Revolving credit facility
Dec. 31, 2007
Revolving term loans from cooperative and other banks
Line of credit
Revolving credit facility
Aug. 31, 2012
Private placement, payable in equal installments beginning in 2014 through 2018
Unsecured debt
Oct. 31, 2007
Private placement, payable in equal installments beginning in 2014 through 2018
Unsecured debt
Aug. 31, 2012
Private placement, payable in equal installments through 2013
Unsecured debt
Jun. 30, 1998
Private placement, payable in equal installments through 2013
Unsecured debt
Oct. 31, 2002
Private placement, payable in installments through 2018
Unsecured debt
Aug. 31, 2012
Private placement, payable in equal installments beginning in 2011 through 2015
Unsecured debt
Sep. 30, 2004
Private placement, payable in equal installments beginning in 2011 through 2015
Unsecured debt
Apr. 30, 2007
Private placement, note purchase and private shelf agreement with prudential capital group
Notes payable, other payables
Apr. 30, 2004
Private placement, note purchase and private shelf agreement with prudential capital group
Notes payable, other payables
Aug. 31, 2012
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2014 through 2018
Notes payable, other payables
Feb. 28, 2008
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2014 through 2018
Notes payable, other payables
Aug. 31, 2012
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2017 through 2021
Notes payable, other payables
Nov. 30, 2010
Private placement, note purchase and private shelf agreement with Prudential Capital Group, payable in equal installments beginning in 2017 through 2021
Notes payable, other payables
Jun. 30, 2011
Private placement, accredited investors
Unsecured debt
Aug. 31, 2012
Other notes and contracts
Secured debt
Aug. 31, 2012
CHS Capital notes payable
Aug. 31, 2011
CHS Capital notes payable
Aug. 31, 2012
CHS Capital notes payable
Notes payable, other payables
Aug. 31, 2011
CHS Capital notes payable
Notes payable, other payables
Aug. 31, 2012
Short-term notes payable, note purchase agreements
Notes payable, other payables
Cofina Funding, LLC
Aug. 31, 2011
Short-term notes payable, note purchase agreements
Notes payable, other payables
Cofina Funding, LLC
Aug. 31, 2012
Master participation agreements
Notes payable, other payables
Aug. 31, 2012
Master participation agreements
Notes payable, other payables
Minimum
Aug. 31, 2012
Master participation agreements
Notes payable, other payables
Maximum
Aug. 31, 2012
Recourse loan commitments
Notes payable, other payables
Aug. 31, 2011
Recourse loan commitments
Notes payable, other payables
Aug. 31, 2012
Short-term notes payable surplus funds program
Notes payable, other payables
Aug. 31, 2011
Short-term notes payable surplus funds program
Notes payable, other payables
Aug. 31, 2012
Short-term notes payable surplus funds program
Notes payable, other payables
Minimum
Aug. 31, 2012
Short-term notes payable surplus funds program
Notes payable, other payables
Maximum
Debt Instrument [Line Items]                                                                                                          
Number of primary committed lines of credit (in number of lines of credit)               2                                                                                          
Line of credit facility, current borrowing capacity         $ 1,250,000,000     $ 2,500,000,000 $ 2,200,000,000     $ 40,000,000   $ 40,000,000 $ 15,000,000       $ 125,000,000                                                                    
Number Of Additional Revolving Lines of Credit                   2                                                                                      
Line of credit facility, term         3 years 5 years         364 days   3 years                 10 years                                                              
Line of credit facility, maximum borrowing capacity             1,250,000,000             120,000,000                                                                              
Line of credit facility, amount outstanding                               190,400,000 128,800,000 77,700,000   1,700,000 1,900,000                                                                
Line Of Credit, Collateralized Amount                                   43,800,000                                                                      
Line of credit facility maximum usage allowed to pay principal                                     200,000,000                                                                    
Long-term debt, gross                                             150,000,000   400,000,000   225,000,000 175,000,000   125,000,000       50,000,000   100,000,000 500,000,000 33,700,000                              
Long-term debt, current borrowing capacity                                                             150,000,000 70,000,000         1,500,000,000                                
Short-term bank loans and notes payable current borrowing capacity                                                                                     300,000,000   261,000,000     238,200,000          
Notes payable, weighted average interest rate                                                                             1.68% 1.86%     1.21%                    
Short-term debt, maximum borrowing capacity                                                                                               250,000,000          
Notes payable $ 803,622,000 $ 716,268,000 $ 269,783,000 [1],[2] $ 130,719,000 [1],[2]                                                                         $ 533,839,000 [3] $ 585,549,000 [3] $ 121,500,000 $ 371,300,000 $ 122,700,000     $ 158,200,000 $ 174,000,000 $ 131,400,000 $ 96,600,000    
Interest rate                                           5.59% [2],[4]   6.18% [2],[5]   6.81% [2],[6]     5.25% [2],[7]       5.78% [2],[8]   4.00% [2],[8]                     2.03% 3.00% 1.82%       0.80% 1.10%
[1] The Company finances its working capital needs through short-term lines of credit with a syndication of domestic and international banks. On August 31, 2012, the Company had two primary committed lines of credit. The Company had a three-year revolving facility and a five-year revolving facility, each with committed amounts of $1.25 billion, for a total of $2.5 billion, which had no amounts outstanding as of August 31, 2012. As of August 31, 2011 the Company had two revolving lines of credit totaling $2.2 billion, with no amounts outstanding at August 31, 2011, both of which were terminated and replaced by the existing facilities in September 2011. In addition to its primary lines of credit, the Company had two additional revolving lines of credit, of which one was a 364-day revolving facility in the amount of $40.0 million committed that was terminated in October 2011, and the other is a three-year revolving facility in the amount of $40.0 million committed, with the right to increase the capacity to $120.0 million, that expires in November 2013. There were no amounts outstanding on either of these two additional revolving lines of credit on August 31, 2012 and 2011. The Company also has a committed revolving credit facility dedicated to NCRA, with a syndication of banks in the amount of $15.0 million that expires in December 2014, with no amounts outstanding on August 31, 2012 and 2011. The Company's wholly-owned subsidiaries, CHS Europe S.A. and CHS do Brasil Ltda., have uncommitted lines of credit to finance their normal trading activities with outstanding amounts of $190.4 million as of August 31, 2012 and $128.8 million as of August 31, 2011, which are collateralized by certain inventories and receivables. In addition, other international subsidiaries have lines of credit totaling $77.7 million outstanding at August 31, 2012, of which, $43.8 million is collateralized. The Company has two commercial paper programs totaling up to $125.0 million with two banks participating in the revolving credit facilities. Terms of the Company’s credit facilities allow a maximum usage of $200.0 million to pay principal under any commercial paper facility. On August 31, 2012 and 2011, there was no commercial paper outstanding. Miscellaneous short-term notes payable totaled $1.7 million and $1.9 million on August 31, 2012 and 2011, respectively.(b)I
[2] The debt is unsecured; however, restrictive covenants under various agreements have requirements for maintenance of minimum working capital levels and other financial ratios.
[3] Cofina Funding, LLC (Cofina Funding), a wholly-owned subsidiary of CHS Capital, has available credit totaling $300.0 million as of August 31, 2012, under note purchase agreements with various purchasers, through the issuance of short-term notes payable. CHS Capital sells eligible commercial loans receivable it has originated to Cofina Funding, which are then pledged as collateral under the note purchase agreements. The notes payable issued by Cofina Funding bear interest at variable rates with a weighted-average interest rate of 1.21% as of August 31, 2012. Borrowings by Cofina Funding utilizing the available credit under the note purchase agreements totaled $121.5 million as of August 31, 2012. CHS Capital has available credit under master participation agreements with numerous counterparties. Borrowings under these agreements are accounted for as secured borrowings and bear interest at variable rates ranging from 2.03% to 3.00% as of August 31, 2012. As of August 31, 2012, the total funding commitment under these agreements was $261.0 million, of which $122.7 million was borrowed. CHS Capital sells loan commitments it has originated to ProPartners Financial (ProPartners) on a recourse basis. The total capacity for commitments under the ProPartners program is $250.0 million. The total outstanding commitments under the program totaled $238.2 million as of August 31, 2012, of which $158.2 million was borrowed under these commitments with an interest rate of 1.82%. CHS Capital borrows funds under short-term notes issued as part of a surplus funds program. Borrowings under this program are unsecured and bear interest at variable rates ranging from 0.80% to 1.10% as of August 31, 2012, and are due upon demand. Borrowings under these notes totaled $131.4 million as of August 31, 2012. As of August 31, 2011, the net borrowings under the Cofina Funding note purchase agreements were $371.3 million. CHS Capital borrowings under the ProPartners program and the surplus funds program were $174.0 million and $96.6 million, respectively, as of August 31, 2011.Weighted-average interest rates at
[4] In December 2007, the Company established a ten-year long-term credit agreement through a syndication of cooperative banks in the amount of $150.0 million.
[5] In October 2007, the Company entered into a private placement with several insurance companies for long-term debt in the amount of $400.0 million.
[6] In June 1998, the Company entered into a private placement with several insurance companies for long-term debt in the amount of $225.0 million.
[7] In September 2004, the Company entered into a private placement with several insurance companies for long-term debt in the amount of $125.0 million.
[8] In March 2004, the Company entered into a note purchase and private shelf agreement with Prudential Capital Group. In April 2007, the agreement was amended with Prudential Investment Management, Inc. and several other participating insurance companies to expand the uncommitted facility from $70.0 million to $150.0 million. In February 2008, the Company borrowed $50.0 million under the shelf arrangement and in November 2010, the Company borrowed $100.0 million under the shelf arrangement.