CHS (CHSCO) 10-Q 10 Jan 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Nov. 30, 2023	Jan. 10, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2023
Document Transition Report	false
Entity File Number	001-36079
Entity Registrant Name	CHS Inc.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-0251095
Entity Address, Address Line One	5500 Cenex Drive
Entity Address, City or Town	Inver Grove Heights
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55077
City Area Code	651
Local Phone Number	355-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		0
Entity Central Index Key	0000823277
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
8% Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	8% Cumulative Redeemable Preferred Stock
Trading Symbol	CHSCP
Security Exchange Name	NASDAQ
Class B, Series 1 Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Class B Cumulative Redeemable Preferred Stock, Series 1
Trading Symbol	CHSCO
Security Exchange Name	NASDAQ
Class B, Series 2 Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2
Trading Symbol	CHSCN
Security Exchange Name	NASDAQ
Class B, Series 3 Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3
Trading Symbol	CHSCM
Security Exchange Name	NASDAQ
Class B, Series 4 Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Class B Cumulative Redeemable Preferred Stock, Series 4
Trading Symbol	CHSCL
Security Exchange Name	NASDAQ

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Current assets [Abstract]
Cash and cash equivalents	$ 1,349,757	$ 1,765,286
Receivables	3,772,527	3,105,811
Inventories	4,251,580	3,215,179
Other current assets	1,213,331	1,042,373
Total current assets	10,587,195	9,128,649
Investments	3,831,854	3,828,872
Property, plant and equipment	4,877,071	4,869,373
Other assets	1,136,765	1,130,524
Total assets	20,432,885	18,957,418
Current liabilities [Abstract]
Notes payable	421,580	547,923
Current portion of long-term debt	7,795	7,839
Accounts payable	4,331,301	2,930,607
Accrued expenses	597,196	773,054
Other Liabilities	1,608,546	1,639,771
Total current liabilities	6,966,418	5,899,194
Long-term debt	1,817,770	1,819,819
Other liabilities	951,308	786,016
Commitments and contingencies (Note 13)
Equities:
Preferred stock	2,264,038	2,264,038
Equity certificates	5,818,526	5,911,649
Accumulated other comprehensive loss	(272,697)	(265,395)
Capital reserves	2,881,596	2,537,486
Total CHS Inc. equities	10,691,463	10,447,778
Noncontrolling interests	5,926	4,611
Total equities	10,697,389	10,452,389
Total liabilities and equities	$ 20,432,885	$ 18,957,418

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Income Statement [Abstract]
Revenues	$ 11,390,658	$ 12,765,839
Cost of goods sold	10,745,708	11,886,704
Gross profit	644,950	879,135
Marketing, general and administrative expenses	252,056	234,666
Operating earnings	392,894	644,469
Interest expense	29,628	33,250
Other income	(44,529)	(24,289)
Equity income from investments	(109,051)	(181,962)
Income before income taxes	516,846	817,470
Income tax (benefit) expense	(6,522)	34,554
Net income	523,368	782,916
Net income attributable to noncontrolling interests	445	318
Net income attributable to CHS Inc.	$ 522,923	$ 782,598

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Net income (loss)	$ 523,368	$ 782,916
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Pension and other postretirement benefits	17	8,524
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(4,161)	(20,207)
Foreign currency translation adjustment	(3,158)	(1,935)
Other Comprehensive Income (Loss), Net of Tax, Total	(7,302)	(13,618)
Comprehensive income (loss)	516,066	769,298
Less comprehensive income attributable to noncontrolling interests	445	318
Comprehensive Income (Loss) Attributable to CHS	$ 515,621	$ 768,980

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 523,368	$ 782,916
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	138,037	131,388
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	807	(164,930)
Provision for current expected credit losses	5,009	2,961
Deferred taxes	(68,627)	(1,733)
Other, net	5,627	1,597
Changes in operating assets and liabilities, net of acquisitions:
Receivables	(749,650)	(779,455)
Inventories	(1,036,401)	(1,417,233)
Accounts payable and accrued expenses	1,232,312	1,441,469
Other liabilities	(198,067)	(177,172)
Net cash provided by (used in) operating activities	(147,585)	(180,192)
Cash flows from investing activities:
Acquisition of property, plant and equipment	(142,449)	(122,598)
Proceeds from disposition of property, plant and equipment	2,330	5,034
Expenditures for major repairs	(8,274)	(27,398)
Changes in CHS Capital notes receivable, net	83,580	32,098
Financing extended to customers	(50,229)	(39,814)
Payments from customer financing	39,697	42,121
Other investing activities, net	(24,271)	(156)
Net cash provided by (used in) investing activities	(99,616)	(110,713)
Cash flows from financing activities:
Proceeds from lines of credit and long-term borrowings	975,374	2,054,507
Payments on lines of credit, long-term borrowings and capital lease obligations	(1,106,904)	(1,887,483)
Preferred stock dividends paid	(42,167)	(42,167)
Redemptions of equities	(11,236)	(12,941)
Other financing activities, net	10,429	18,044
Net cash provided by (used in) financing activities	(174,504)	129,960
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(3,969)	1,415
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(425,674)	(159,530)
Cash and cash equivalents and restricted cash at beginning of period	1,844,587	903,474
Cash and cash equivalents and restricted cash at end of period	$ 1,418,913	$ 743,944

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation These unaudited condensed consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary for a fair statement of our financial position, results of operations and cash flows for the periods presented. The results of operations and cash flows for interim periods are not necessarily indicative of results for a full fiscal year because of the seasonal nature of our businesses, among other things. Our unaudited condensed consolidated financial statements and notes are presented as permitted by the requirements for Quarterly Reports on Form 10-Q and should be read in conjunction with the consolidated financial statements and notes thereto for the year ended August 31, 2023, included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"). Significant Accounting Policies No significant accounting policies were updated or changed since our Annual Report on Form 10-K for the year ended August 31, 2023. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances the disclosures required for operating segments in our annual and interim consolidated financial statements. This ASU is effective on a retrospective basis for our annual reporting beginning in fiscal 2025 and for interim period reporting beginning in fiscal 2026. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which provides additional transparency for income tax disclosures. This ASU is effective for our annual reporting for fiscal 2026 on a prospective basis. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements.

Revenues (Notes)

Revenues (Notes)	3 Months Ended
	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenues	Revenues The following table presents revenues recognized under Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by reportable segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815"), and other applicable accounting guidance for the three months ended November 30, 2023 and 2022. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 470, Debt , and ASC Topic 842, Leases , that fall outside the scope of ASC Topic 606. ASC Topic 606 ASC Topic 815 Other Guidance Total Revenues Three Months Ended November 30, 2023 (Dollars in thousands) Energy $ 2,399,552 $ 318,388 $ — $ 2,717,940 Ag 2,226,423 6,414,632 11,110 8,652,165 Corporate and Other 6,776 — 13,777 20,553 Total revenues $ 4,632,751 $ 6,733,020 $ 24,887 $ 11,390,658 Three Months Ended November 30, 2022 Energy $ 2,802,155 $ 317,151 $ — $ 3,119,306 Ag 2,613,460 7,009,353 10,431 9,633,244 Corporate and Other 5,699 — 7,590 13,289 Total revenues $ 5,421,314 $ 7,326,504 $ 18,021 $ 12,765,839 Less than 1% of revenues accounted for under ASC Topic 606 included within the tables above are recorded over time and relate primarily to service contracts. Contract Assets and Contract Liabilities Contract assets relate to unbilled amounts arising from goods that have already been transferred to customers where the right to payment is not conditional on the passage of time. This results in recognition of an asset, as the amount of revenue recognized at a certain point in time exceeds the amount billed to customers. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were $41.3 million and $16.2 million as of November 30, 2023, and August 31, 2023, respectively. Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $268.4 million and $240.0 million as of November 30, 2023, and August 31, 2023, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended November 30, 2023 and 2022, we recognized revenues of $89.6 million and $122.0 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.

Receivables

Receivables	3 Months Ended
	Nov. 30, 2023
Receivables [Abstract]
Receivables	Receivables November 30, August 31, (Dollars in thousands) Trade accounts receivable $ 2,683,636 $ 2,010,162 CHS Capital short-term notes receivable 730,244 845,192 Other 439,747 327,084 Gross receivables 3,853,627 3,182,438 Less: allowances and reserves 81,100 76,627 Total receivables $ 3,772,527 $ 3,105,811 Receivables are composed of trade accounts receivable, short-term notes receivable in our wholly-owned subsidiary, CHS Capital, LLC ("CHS Capital"), and other receivables, less an allowance for expected credit losses. The allowance for expected credit losses is based on our best estimate of expected credit losses in existing receivable balances and is determined using historical write-off experience, adjusted for various industry and regional data and current expectations of future credit losses. Notes receivable from commercial borrowers are collateralized by various combinations of mortgages, personal property, accounts and notes receivable, inventories and assignments of certain regional cooperatives' capital stock. These loans are primarily originated in the states of Minnesota and North Dakota. CHS Capital also has loans receivable from producer borrowers that are collateralized by various combinations of growing crops, livestock, inventories, accounts receivable, personal property and supplemental mortgages and are primarily originated in the same states as the commercial notes, as well as in South Dakota. In addition to the short-term balances included in the table above, CHS Capital had long-term notes receivable, with durations of generally not more than 10 years, totaling $95.3 million and $61.1 million as of November 30, 2023, and August 31, 2023, respectively. The long-term notes receivable are included in other assets on our Condensed Consolidated Balance Sheets. As of November 30, 2023, and August 31, 2023, commercial notes represented 26% and 15%, respectively, and producer notes represented 74% and 85%, respectively, of total CHS Capital notes receivable. CHS Capital has commitments to extend credit to customers if there are no violations of contractually established conditions. As of November 30, 2023, CHS Capital customers had additional available credit of $1.4 billion. No significant troubled debt restructuring activity occurred, and no third-party customer or borrower accounted for more than 10% of the total receivables balance as of November 30, 2023, or August 31, 2023.

Inventories

Inventories	3 Months Ended
	Nov. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories November 30, August 31, (Dollars in thousands) Grain and oilseed $ 1,868,331 $ 1,099,956 Energy 814,028 645,333 Agronomy 1,179,326 1,111,477 Processed grain and oilseed 170,135 141,360 Other 219,760 217,053 Total inventories $ 4,251,580 $ 3,215,179

Investments

Investments	3 Months Ended
	Nov. 30, 2023
Investments [Abstract]
Investments	Investments November 30, August 31, (Dollars in thousands) Equity method investments: CF Industries Nitrogen, LLC $ 2,640,655 $ 2,577,391 Ventura Foods, LLC 481,236 519,169 Ardent Mills, LLC 235,778 265,146 Other equity method investments 344,334 337,281 Other investments 129,851 129,885 Total investments $ 3,831,854 $ 3,828,872 Joint ventures and other investments in which we have significant ownership and influence, but not control, are accounted for in our condensed consolidated financial statements using the equity method of accounting. Our only significant equity method investment during the three months ended November 30, 2023 and 2022, was CF Industries Nitrogen, LLC ("CF Nitrogen"), which is summarized below. In addition to the recognition of our share of income from equity method investments, our equity method investments are evaluated for indicators of other-than-temporary impairment on an ongoing basis in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). Other investments consist primarily of investments in cooperatives without readily determinable fair values and are generally recorded at cost, unless an impairment or other observable market price change occurs that requires an adjustment. We had approximately $654.9 million in cumulative undistributed earnings from our equity method investees included in the investments balance as of November 30, 2023. CF Nitrogen We have a $2.6 billion investment in CF Nitrogen, a strategic venture with CF Industries Holdings, Inc. ("CF Industries"). The investment consists of an approximate 9% membership interest (based on product tons) in CF Nitrogen. We account for this investment using the hypothetical liquidation at book value method, recognizing our share of the earnings and losses of CF Nitrogen as equity income from investments in our Nitrogen Production segment based on our contractual claims on the entity's net assets pursuant to the liquidation provisions of CF Nitrogen's Limited Liability Company Agreement, adjusted for semiannual cash distributions. The following table provides summarized unaudited financial information for our equity method investment in CF Nitrogen for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, 2023 2022 (Dollars in thousands) Net sales $ 878,045 $ 1,623,268 Gross profit 272,024 770,478 Net earnings 263,315 764,179 Earnings attributable to CHS Inc. 63,263 127,566 Our investments in other equity method investees are not significant in relation to our condensed consolidated financial statements, either individually or in aggregate.

Equities

Equities	3 Months Ended
	Nov. 30, 2023
Equity [Abstract]
Equities	Changes in Equities Changes in equities for the three months ended November 30, 2023 and 2022, are as follows: Equity Certificates Accumulated Capital Nonpatronage Nonqualified Equity Certificates Preferred Capital Noncontrolling Total (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 redemption estimates 11,236 — — — — — 11,236 Redemptions of equities (8,287) (67) (2,882) — — — — (11,236) Preferred stock dividends — — — — — (84,334) — (84,334) Other, net 34 (3) 44 — — (1,281) 870 (336) Net income — — — — 522,923 445 523,368 Other comprehensive loss, net of tax — — — — (7,302) — — (7,302) Estimated 2024 cash patronage refunds — — — — — (93,198) — (93,198) Estimated 2024 equity redemptions (93,198) — — — — — — (93,198) Balances, November 30, 2023 $ 3,861,170 $ 27,488 $ 1,929,868 $ 2,264,038 $ (272,697) $ 2,881,596 $ 5,926 $ 10,697,389 Equity Certificates Accumulated Capital Nonpatronage Nonqualified Equity Certificates Preferred Capital Noncontrolling Total (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 redemption estimates 12,941 — — — — — — 12,941 Redemptions of equities (10,021) (58) (2,862) — — — — (12,941) Preferred stock dividends — — — — — (84,334) — (84,334) Other, net 291 — 57 — — 20 (25) 343 Net income — — — — — 782,598 318 782,916 Other comprehensive loss, net of tax — — — — (13,618) — — (13,618) Estimated 2023 cash patronage refunds — — — — — (208,864) — (208,864) Estimated 2023 equity redemptions (208,864) — — — — — — (208,864) Balances, November 30, 2022 $ 3,381,478 $ 27,875 $ 1,773,367 $ 2,264,038 $ (268,953) $ 2,545,102 $ 5,938 $ 9,728,845 Preferred Stock Dividends The following is a summary of dividends declared per share by series of preferred stock for the three months ended November 30, 2023 and 2022. Three Months Ended November 30, Nasdaq symbol 2023 2022 Series of preferred stock: (Dollars per share) 8% Cumulative Redeemable CHSCP $ 1.00 $ 1.00 Class B Cumulative Redeemable, Series 1 CHSCO $ 0.98 $ 0.98 Class B Reset Rate Cumulative Redeemable, Series 2 CHSCN $ 0.88 $ 0.88 Class B Reset Rate Cumulative Redeemable, Series 3 CHSCM $ 0.84 $ 0.84 Class B Cumulative Redeemable, Series 4 CHSCL $ 0.94 $ 0.94 Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component for the three months ended November 30, 2023 and 2022, are as follows: Pension and Other Postretirement Benefits Cash Flow Hedges Foreign Currency Translation Adjustment Total (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 reclassifications — 2,280 (3,350) (1,070) Amounts reclassified 23 (7,790) — (7,767) Total other comprehensive income (loss), before tax 23 (5,510) (3,350) (8,837) Tax effect (6) 1,349 192 1,535 Other comprehensive income (loss), net of tax 17 (4,161) (3,158) (7,302) Balance as of November 30, 2023, net of tax $ (173,908) $ (2,129) $ (96,660) $ (272,697) Pension and Other Postretirement Benefits Cash Flow Hedges Foreign Currency Translation Adjustment Total (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 reclassifications (66) (33,899) (2,227) (36,192) Amounts reclassified 5,560 7,229 — 12,789 Total other comprehensive income (loss), before tax 5,494 (26,670) (2,227) (23,403) Tax effect 3,030 6,463 292 9,785 Other comprehensive income (loss), net of tax 8,524 (20,207) (1,935) (13,618) Balance as of November 30, 2022, net of tax $ (160,116) $ (11,364) $ (97,473) $ (268,953) 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.

Benefit Plans

Benefit Plans	3 Months Ended
	Nov. 30, 2023
Retirement Benefits [Abstract]
Benefit plans	Benefit Plans We have various pension and other defined benefit and defined contribution plans, in which substantially all employees may participate. We also have nonqualified supplemental executive and Board of Directors retirement plans. Components of net periodic benefit costs for the three months ended November 30, 2023 and 2022, are as follows: Three Months Ended November 30, Qualified Nonqualified Other Benefits 2023 2022 2023 2022 2023 2022 Components of net periodic benefit costs: (Dollars in thousands) Service cost $ 9,348 $ 9,645 $ 492 $ 460 $ 163 $ 168 Interest cost 8,982 7,647 261 185 286 259 Expected return on assets (11,965) (10,782) — — — — Prior service cost (credit) amortization 45 37 (29) (29) (111) (111) Actuarial loss (gain) amortization 449 468 95 61 (404) (404) Net periodic benefit cost (benefit) $ 6,859 $ 7,015 $ 819 $ 677 $ (66) $ (88) Employer Contributions Contributions depend primarily on market returns on the pension plan assets and minimum funding level requirements. No contributions were made to the pension plans during the three months ended November 30, 2023, and we do not anticipate being required to make contributions to our pension plans in fiscal 2024, although we may voluntarily elect to do so.

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Our effective tax rate for the three months ended November 30, 2023, was (1.3)%, compared to 4.2% for the three months ended November 30, 2022. The income tax benefit during the three months ended November 30, 2023, resulted primarily from the recognition of research and development tax credits during the period. Our income tax (benefit) expense reflects the mix of full-year earnings projected across business units and current equity management assumptions. Income taxes and effective tax rates vary each year based on profitability, income tax credits, nonpatronage business activity and current equity management assumptions. Our uncertain tax positions are affected by the tax years that are under audit or remain subject to examination by the relevant taxing authorities. Reserves are recorded against unrecognized tax benefits when we believe certain fully supportable tax return positions are likely to be challenged, and we may not prevail. If we were to prevail on all positions taken in relation to uncertain tax positions, $130.4 million and $116.0 million of the unrecognized tax benefits would ultimately benefit our effective tax rate as of November 30, 2023, and August 31, 2023, respectively. It is reasonably possible that the total amount of unrecognized tax benefits could significantly change in the next 12 months.

Segment Reporting

Segment Reporting	3 Months Ended
	Nov. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We are an integrated agricultural cooperative, providing grain, food, agronomy and energy resources to businesses and consumers on a global basis. We provide a wide variety of products and services, from initial agricultural inputs such as fuels, farm supplies, crop nutrients and crop protection products, to agricultural outputs that include grain and oilseed, processed grain and oilseed, renewable fuels and food products. We define our operating segments in accordance with ASC Topic 280, Segment Reporting , to reflect the manner in which our chief operating decision maker, our Chief Executive Officer, evaluates performance and allocates resources in managing the business. We have aggregated those operating segments into three reportable segments: Energy, Ag and Nitrogen Production. Our Energy segment produces and provides primarily for wholesale distribution of petroleum products and transportation of those products. Our Ag segment purchases and further processes or resells grain and oilseed originated by our country operations business, by our member cooperatives and by third parties; serves as a wholesaler and retailer of crop inputs; and produces and markets ethanol. Our Nitrogen Production segment consists of our equity method investment in CF Nitrogen that records earnings and allocated expenses but not revenues. Our supply agreement with CF Nitrogen entitles us to purchase up to a specified quantity of granular urea and urea ammonium nitrate ("UAN") annually from CF Nitrogen. Corporate and Other represents our financing and hedging businesses, which primarily consists of a U.S. Commodity Futures Trading Commission-regulated futures commission merchant ("FCM") for commodities hedging and financial services related to crop production. Our nonconsolidated investments in Ventura Foods, LLC ("Ventura Foods"), and Ardent Mills, LLC ("Ardent Mills"), are also included in our Corporate and Other category. Corporate administrative expenses and interest are allocated to each reportable segment and Corporate and Other, based on direct use of services, such as information technology and legal, and other factors or considerations relevant to the costs incurred. Many of our business activities are highly seasonal and our operating results vary throughout the year. Our revenues and IBIT generally trend lower during the second fiscal quarter and increase in the third fiscal quarter. For example, in our Ag segment, our country operations business generally experiences higher volumes and revenues during the fall harvest and spring planting seasons, which generally correspond to our first and third fiscal quarters, respectively. Additionally, our agronomy business generally experiences higher volumes and revenues during the spring planting season. Our global grain and processing operations are subject to fluctuations in volume and revenues based on producer harvests, world grain prices, demand and international trade relationships. Our Energy segment generally experiences higher volumes and revenues in certain operating areas, such as refined products, in the spring, summer and early fall when gasoline and diesel fuel use by agricultural producers is highest and is subject to global supply and demand forces. Other energy products, such as propane, generally experience higher volumes and revenues during the winter heating and fall crop-drying seasons. Our revenues, assets and cash flows can be significantly affected by global market prices for commodities such as petroleum products, natural gas, grain, oilseed, crop nutrients and flour. Changes in market prices for commodities that we purchase without a corresponding change in the selling prices of those products can affect revenues and operating earnings. Commodity prices are affected by a wide range of factors beyond our control, including weather, crop damage due to plant disease or insects, drought, availability and adequacy of supply, availability of reliable rail and river transportation networks, outbreaks of disease, government regulations and policies, global trade disputes, wars and civil unrest, and general political and economic conditions. While our revenues and operating results are derived primarily from businesses and operations that are wholly-owned or subsidiaries and limited liability companies in which we have a controlling interest, a portion of our business operations are conducted through companies in which we hold ownership interests of 50% or less or do not control the operations. We account for these investments primarily using the equity method of accounting, wherein we record our proportionate share of income or loss reported by the entity as equity income from investments, without consolidating the revenues and expenses of the entity in our Condensed Consolidated Statements of Operations. In our Nitrogen Production segment, this consists of our approximate 9% membership interest (based on product tons) in CF Nitrogen. In Corporate and Other, this principally includes our 50% ownership in Ventura Foods and our 12% ownership in Ardent Mills. See Note 5, Investments, for more information related to our equity method investments. Reconciling amounts represent the elimination of revenues between segments. Such transactions are executed at market prices to more accurately evaluate the profitability of the individual business segments. Segment information for the three months ended November 30, 2023 and 2022, is presented in the tables below: Energy Ag Nitrogen Production Corporate Reconciling Total Three Months Ended November 30, 2023 (Dollars in thousands) Revenues, including intersegment revenues $ 2,919,123 $ 8,660,108 $ — $ 25,367 $ (213,940) $ 11,390,658 Intersegment revenues (201,183) (7,943) — (4,814) 213,940 — Revenues, net of intersegment revenues $ 2,717,940 $ 8,652,165 $ — $ 20,553 $ — $ 11,390,658 Operating earnings (loss) 258,847 140,341 (16,195) 9,901 — 392,894 Interest expense (8,542) 15,957 10,609 16,989 (5,385) 29,628 Other income (1,279) (26,116) — (22,519) 5,385 (44,529) Equity (income) loss from investments 1,833 (19,220) (63,263) (28,401) — (109,051) Income before income taxes $ 266,835 $ 169,720 $ 36,459 $ 43,832 $ — $ 516,846 Total assets as of November 30, 2023 $ 4,256,026 $ 9,088,813 $ 2,640,655 $ 4,447,391 $ — $ 20,432,885 Energy Ag Nitrogen Production Corporate Reconciling Total Three Months Ended November 30, 2022 (Dollars in thousands) Revenues, including intersegment revenues $ 3,337,125 $ 9,640,559 $ — $ 16,099 $ (227,944) $ 12,765,839 Intersegment revenues (217,819) (7,315) — (2,810) 227,944 — Revenues, net of intersegment revenues $ 3,119,306 $ 9,633,244 $ — $ 13,289 $ — $ 12,765,839 Operating earnings (loss) 398,659 263,502 (16,272) (1,420) — 644,469 Interest expense 2,056 18,567 14,421 4,125 (5,919) 33,250 Other income (3,523) (19,302) — (7,383) 5,919 (24,289) Equity (income) loss from investments 3,532 (23,062) (127,566) (34,866) — (181,962) Income before income taxes $ 396,594 $ 287,299 $ 96,873 $ 36,704 $ — $ 817,470

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Nov. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities Disclosure	Derivative Financial Instruments and Hedging Activities We enter into various derivative instruments to manage our exposure to movements primarily associated with agricultural and energy commodity prices and, to a lesser degree, foreign currency exchange rates and interest rates. Except for certain cash-settled swaps related to future crude oil purchases and refined product sales, which are accounted for as cash flow hedges, our derivative instruments represent economic hedges of price risk for which hedge accounting under ASC Topic 815 is not applied. Rather, the derivative instruments are recorded on our Condensed Consolidated Balance Sheets at fair value with changes in fair value being recorded directly to earnings, primarily within cost of goods sold in our Condensed Consolidated Statements of Operations. See Note 12, Fair Value Measurements, for additional information. The majority of our exchange-traded agricultural commodity futures are settled daily through CHS Hedging, LLC, our wholly-owned FCM. Derivatives Not Designated as Hedging Instruments The following tables present the gross fair values of derivative assets, derivative liabilities and related margin deposits (cash collateral) recorded on our Condensed Consolidated Balance Sheets, along with related amounts permitted to be offset in accordance with U.S. GAAP. Although we have certain netting arrangements for our exchange-traded futures and options contracts and certain over-the-counter ("OTC") contracts, we have elected to report our derivative instruments on a gross basis on our Condensed Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet-Offsetting . November 30, 2023 Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting Gross Amount Recognized Cash Collateral Derivative Instruments Net Amount Derivative assets (Dollars in thousands) Commodity derivatives $ 216,283 $ — $ 3,005 $ 213,278 Foreign exchange derivatives 24,252 — 7,169 17,083 Total $ 240,535 $ — $ 10,174 $ 230,361 Derivative liabilities Commodity derivatives $ 275,972 $ 2,656 $ 3,905 $ 269,411 Foreign exchange derivatives 11,671 — 7,169 4,502 Total $ 287,643 $ 2,656 $ 11,074 $ 273,913 August 31, 2023 Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting Gross Amount Recognized Cash Collateral Derivative Instruments Net Amount Derivative assets (Dollars in thousands) Commodity derivatives $ 280,440 $ — $ 4,866 $ 275,574 Foreign exchange derivatives 32,402 — 12,330 20,072 Total $ 312,842 $ — $ 17,196 $ 295,646 Derivative liabilities Commodity derivatives $ 349,131 $ 1,505 $ 4,866 $ 342,760 Foreign exchange derivatives 13,799 — 12,330 1,469 Total $ 362,930 $ 1,505 $ 17,196 $ 344,229 Derivative assets and liabilities with maturities of less than 12 months are recorded in other current assets and other current liabilities, respectively, on our Condensed Consolidated Balance Sheets. Derivative assets and liabilities with maturities greater than 12 months are recorded in other assets and other liabilities, respectively, on our Condensed Consolidated Balance Sheets. The amount of long-term derivative assets recorded on our Condensed Consolidated Balance Sheets as of November 30, 2023, and August 31, 2023, was $1.4 million and $1.1 million, respectively. The amount of long-term derivative liabilities recorded on our Condensed Consolidated Balance Sheets as of November 30, 2023, and August 31, 2023, was $14.2 million and $12.6 million, respectively. The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, Location of Gain (Loss) 2023 2022 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 8,184 $ (135,686) Foreign exchange derivatives Cost of goods sold (4,607) (19,453) Foreign exchange derivatives Marketing, general and administrative expenses 820 237 Total $ 4,397 $ (154,902) Commodity Contracts As of November 30, 2023, and August 31, 2023, we had outstanding commodity futures and options contracts that were used as economic hedges, as well as fixed-price forward contracts related to physical purchases and sales of commodities. The table below presents the notional volumes for all outstanding commodity contracts: November 30, 2023 August 31, 2023 Long Short Long Short (Units in thousands) Grain and oilseed (bushels) 502,650 719,364 506,654 630,803 Energy products (barrels) 7,166 6,097 11,839 8,085 Processed grain and oilseed (tons) 6,594 12,252 7,380 9,437 Crop nutrients (tons) 61 — 70 10 Ocean freight (metric tons) 10 — 40 — Natural gas (metric million Btu) 180 — 460 — Foreign Exchange Contracts We conduct a substantial portion of our business in U.S. dollars, but we are exposed to risks relating to foreign currency fluctuations, primarily due to global grain marketing transactions in South America, the Asia Pacific region and Europe and purchases of products from Canada. We use foreign currency derivative instruments to mitigate the impact of exchange rate fluctuations. Although CHS has some risk exposure relating to foreign currency transactions, a larger impact with exchange rate fluctuations is the ability of foreign buyers to purchase U.S. agricultural products and the competitiveness of U.S. agricultural products compared to the same products offered by alternative sources of world supply. The notional amount of our foreign exchange derivative contracts was $1.4 billion and $1.9 billion as of November 30, 2023, and August 31, 2023, respectively. Derivatives Designated as Cash Flow Hedging Strategies Certain pay-fixed, receive-variable, cash-settled swaps are designated as cash flow hedges of future crude oil purchases in our Energy segment. We also designate certain pay-variable, receive-fixed, cash-settled swaps as cash flow hedges of future refined energy product sales. These hedging instruments and the related hedged items are exposed to significant market price risk and potential volatility. As part of our risk management strategy, we look to hedge a portion of our expected future crude oil needs and the resulting refined product output based on prevailing futures prices, management's expectations about future commodity price changes and our risk appetite. We may also elect to dedesignate certain derivative instruments previously designated as cash flow hedges as part of our risk management strategy. Amounts recorded in other comprehensive income for these dedesignated derivative instruments remain in other comprehensive income and are recognized in earnings in the period in which the underlying transactions affect earnings. As of November 30, 2023, and August 31, 2023, the aggregate notional amounts of cash flow hedges were 5.1 million and 4.1 million barrels, respectively. The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the locations on our Condensed Consolidated Balance Sheets in which they are recorded: Derivative Assets Derivative Liabilities Balance Sheet Location November 30, August 31, Balance Sheet Location November 30, August 31, (Dollars in thousands) (Dollars in thousands) Other current assets $ 2,093 $ 8,395 Other current liabilities $ 5,352 $ 5,345 The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, 2023 2022 (Dollars in thousands) Commodity derivatives $ (6,310) $ (29,589) The following table presents the pretax gains (losses) relating to our existing cash flow hedges that were reclassified from accumulated other comprehensive loss into our Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, Location of Gain (Loss) 2023 2022 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 8,082 $ (6,929)

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurement, defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction among the market participants on the measurement date. We determine fair values of derivative instruments and certain other assets based on the fair value hierarchy established in ASC Topic 820, which requires an entity to maximize use of observable inputs and minimize use of unobservable inputs when measuring fair value. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. ASC Topic 820 describes three levels within its hierarchy that may be used to measure fair value. Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are unobservable inputs that are supported by little or no market activity for the assets or liabilities. Categorization within the valuation hierarchy is based on the lowest level of input significant to the fair value measurement. Recurring fair value measurements as of November 30, 2023, and August 31, 2023, are as follows: November 30, 2023 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 2,624 $ 215,752 $ — $ 218,376 Foreign exchange derivatives — 24,252 — 24,252 Segregated investments and marketable securities 172,665 — — 172,665 Other assets 51,941 — — 51,941 Total $ 227,230 $ 240,004 $ — $ 467,234 Liabilities Commodity derivatives $ 2,320 $ 279,004 $ — $ 281,324 Foreign exchange derivatives — 11,671 — 11,671 Total $ 2,320 $ 290,675 $ — $ 292,995 August 31, 2023 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 5,344 $ 283,491 $ — $ 288,835 Foreign exchange derivatives — 32,402 — 32,402 Segregated investments and marketable securities 225,715 — — 225,715 Other assets 89,592 — — 89,592 Total $ 320,651 $ 315,893 $ — $ 636,544 Liabilities Commodity derivatives $ 7,501 $ 346,975 $ — $ 354,476 Foreign exchange derivatives — 13,799 — 13,799 Total $ 7,501 $ 360,774 $ — $ 368,275 Commodity and foreign exchange derivatives . Exchange-traded futures and options contracts are valued based on unadjusted quoted prices in active markets and are classified within Level 1. Our forward commodity purchase and sales contracts with fixed-price components, select ocean freight contracts and other OTC derivatives are determined using inputs that are generally based on exchange-traded prices and/or recent market bids and offers, including location-specific adjustments, and are classified within Level 2. Location-specific inputs are driven by local market supply and demand and are generally based on broker or dealer quotations or market transactions in either listed or OTC markets. Changes in the fair values of these contracts are recognized in our Condensed Consolidated Statements of Operations as a component of cost of goods sold. Segregated investments and marketable securities and other assets. Our segregated investments and marketable securities and other assets are comprised primarily of investments in various government agencies, U.S. Treasury securities, money market funds and rabbi trust assets, which are valued using quoted market prices and classified within Level 1.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	Commitments and Contingencies Environmental We are required to comply with various environmental laws and regulations incidental to our normal business operations. To meet our compliance requirements, we establish reserves for future costs of remediation associated with identified issues that are probable and can be reasonably estimated. Estimates of environmental costs are based on current available facts, existing technology, undiscounted site-specific costs and currently enacted laws and regulations and are included in cost of goods sold and marketing, general and administrative expenses in our Condensed Consolidated Statements of Operations. Recoveries, if any, are recorded in the period in which recovery is received. Liabilities are monitored and adjusted as new facts or changes in laws or technology occur. The resolution of any such matters may affect consolidated net income for any fiscal period; however, we currently believe any resulting liabilities, individually or in aggregate, will not have a material effect on our consolidated financial position, results of operations or cash flows during any fiscal year. Other Litigation and Claims We are involved as a defendant in various lawsuits, claims and disputes, which are in the normal course of our business. The resolution of any such matters may affect consolidated net income for any fiscal period; however, we currently believe any resulting liabilities, individually or in aggregate, will not have a material effect on our consolidated financial position, results of operations or cash flows during any fiscal year. Guarantees We are a guarantor for lines of credit and performance obligations of related, nonconsolidated companies. Our bank covenants allow maximum guarantees of $1.1 billion, of which $158.6 million were outstanding on November 30, 2023. We have collateral for a portion of these contingent obligations. We have not recorded a liability related to the contingent obligations as we do not expect to pay out any cash related to them, and the fair values are considered immaterial. The underlying loans to the counterparties for which we provide these guarantees were current as of November 30, 2023.

Other Current Assets and Liabil

Other Current Assets and Liabilities	3 Months Ended
	Nov. 30, 2023
Other current assets and liabilities [Abstract]
Other current assets and liabilities Text block	Other Current Assets and Liabilities Other current assets and liabilities as of November 30, 2023, and August 31, 2023, are as follows: November 30, August 31, Other current assets (Dollars in thousands) Derivative assets (Note 11) $ 241,237 $ 320,119 Margin and related deposits 262,298 342,872 Prepaid expenses 187,036 149,682 Supplier advance payments 446,142 136,304 Restricted cash 69,156 79,301 Other 7,462 14,095 Total other current assets $ 1,213,331 $ 1,042,373 Other current liabilities Customer margin deposits and credit balances $ 126,620 $ 197,315 Customer advance payments 442,181 356,760 Derivative liabilities (Note 11) 278,815 355,696 Dividends and equity payable 760,930 730,000 Total other current liabilities $ 1,608,546 $ 1,639,771

Organization, Basis of Presen_2

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy	Basis of Presentation
Significant Accounting Policies [Text Block]	Significant Accounting Policies No significant accounting policies were updated or changed since our Annual Report on Form 10-K for the year ended August 31, 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances the disclosures required for operating segments in our annual and interim consolidated financial statements. This ASU is effective on a retrospective basis for our annual reporting beginning in fiscal 2025 and for interim period reporting beginning in fiscal 2026. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which provides additional transparency for income tax disclosures. This ASU is effective for our annual reporting for fiscal 2026 on a prospective basis. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenues	The following table presents revenues recognized under Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by reportable segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815"), and other applicable accounting guidance for the three months ended November 30, 2023 and 2022. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 470, Debt , and ASC Topic 842, Leases , that fall outside the scope of ASC Topic 606. ASC Topic 606 ASC Topic 815 Other Guidance Total Revenues Three Months Ended November 30, 2023 (Dollars in thousands) Energy $ 2,399,552 $ 318,388 $ — $ 2,717,940 Ag 2,226,423 6,414,632 11,110 8,652,165 Corporate and Other 6,776 — 13,777 20,553 Total revenues $ 4,632,751 $ 6,733,020 $ 24,887 $ 11,390,658 Three Months Ended November 30, 2022 Energy $ 2,802,155 $ 317,151 $ — $ 3,119,306 Ag 2,613,460 7,009,353 10,431 9,633,244 Corporate and Other 5,699 — 7,590 13,289 Total revenues $ 5,421,314 $ 7,326,504 $ 18,021 $ 12,765,839

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Nov. 30, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	November 30, August 31, (Dollars in thousands) Trade accounts receivable $ 2,683,636 $ 2,010,162 CHS Capital short-term notes receivable 730,244 845,192 Other 439,747 327,084 Gross receivables 3,853,627 3,182,438 Less: allowances and reserves 81,100 76,627 Total receivables $ 3,772,527 $ 3,105,811

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	November 30, August 31, (Dollars in thousands) Grain and oilseed $ 1,868,331 $ 1,099,956 Energy 814,028 645,333 Agronomy 1,179,326 1,111,477 Processed grain and oilseed 170,135 141,360 Other 219,760 217,053 Total inventories $ 4,251,580 $ 3,215,179

Investments (Tables)

Investments (Tables)	3 Months Ended
	Nov. 30, 2023
Investments [Abstract]
Investment Holdings, Schedule of Investments [Table Text Block]	November 30, August 31, (Dollars in thousands) Equity method investments: CF Industries Nitrogen, LLC $ 2,640,655 $ 2,577,391 Ventura Foods, LLC 481,236 519,169 Ardent Mills, LLC 235,778 265,146 Other equity method investments 344,334 337,281 Other investments 129,851 129,885 Total investments $ 3,831,854 $ 3,828,872
Equity Method Investments [Table Text Block]	The following table provides summarized unaudited financial information for our equity method investment in CF Nitrogen for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, 2023 2022 (Dollars in thousands) Net sales $ 878,045 $ 1,623,268 Gross profit 272,024 770,478 Net earnings 263,315 764,179 Earnings attributable to CHS Inc. 63,263 127,566

Debt (Tables)

Debt (Tables) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Aug. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 1,817,770	$ 1,819,819
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]
Finance Lease, Liability	$ 47,518	49,235
Debt Issuance Costs, Net	(3,015)	(3,127)
Other Long-Term Debt	2,062	2,550
Long-term Debt and Lease Obligation, Including Current Maturities	1,825,565	1,827,658
Current portion of long-term debt	$ 7,795	7,839
Schedule of Short-term Debt	November 30, August 31, (Dollars in thousands) Notes payable $ 258,944 $ 375,932 CHS Capital notes payable 162,636 171,991 Total notes payable $ 421,580 $ 547,923
Schedule of Long-term Debt Instruments	The following table presents summarized long-term debt (including the current portion) as of November 30, 2023, and August 31, 2023: November 30, August 31, (Dollars in thousands) Private placement debt $ 1,413,000 $ 1,413,000 Term loan 366,000 366,000 Finance lease liabilities 47,518 49,235 Deferred financing costs (3,015) (3,127) Other 2,062 2,550 Total long-term debt 1,825,565 1,827,658 Less current portion 7,795 7,839 Long-term portion $ 1,817,770 $ 1,819,819
Private Placement
Debt Instrument [Line Items]
Long-term Debt	$ 1,413,000	1,413,000
Unsecured Debt | Term loans from cooperatives and other banks, 430K payable in 2025
Debt Instrument [Line Items]
Long-term Debt	$ 366,000	$ 366,000

Equities (Tables)

Equities (Tables)	3 Months Ended
	Nov. 30, 2023
Class of Stock [Line Items]
Schedule of Accumulated Other Comprehensive Income (Loss)	Pension and Other Postretirement Benefits Cash Flow Hedges Foreign Currency Translation Adjustment Total (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 reclassifications — 2,280 (3,350) (1,070) Amounts reclassified 23 (7,790) — (7,767) Total other comprehensive income (loss), before tax 23 (5,510) (3,350) (8,837) Tax effect (6) 1,349 192 1,535 Other comprehensive income (loss), net of tax 17 (4,161) (3,158) (7,302) Balance as of November 30, 2023, net of tax $ (173,908) $ (2,129) $ (96,660) $ (272,697) Pension and Other Postretirement Benefits Cash Flow Hedges Foreign Currency Translation Adjustment Total (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 reclassifications (66) (33,899) (2,227) (36,192) Amounts reclassified 5,560 7,229 — 12,789 Total other comprehensive income (loss), before tax 5,494 (26,670) (2,227) (23,403) Tax effect 3,030 6,463 292 9,785 Other comprehensive income (loss), net of tax 8,524 (20,207) (1,935) (13,618) Balance as of November 30, 2022, net of tax $ (160,116) $ (11,364) $ (97,473) $ (268,953)
Preferred Stock [Text Block]	Preferred Stock Dividends The following is a summary of dividends declared per share by series of preferred stock for the three months ended November 30, 2023 and 2022. Three Months Ended November 30, Nasdaq symbol 2023 2022 Series of preferred stock: (Dollars per share) 8% Cumulative Redeemable CHSCP $ 1.00 $ 1.00 Class B Cumulative Redeemable, Series 1 CHSCO $ 0.98 $ 0.98 Class B Reset Rate Cumulative Redeemable, Series 2 CHSCN $ 0.88 $ 0.88 Class B Reset Rate Cumulative Redeemable, Series 3 CHSCM $ 0.84 $ 0.84 Class B Cumulative Redeemable, Series 4 CHSCL $ 0.94 $ 0.94

Benefit Plans Schedule of Net B

Benefit Plans Schedule of Net Benefit Costs (Tables)	3 Months Ended
	Nov. 30, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs of Assumptions Used	Components of net periodic benefit costs for the three months ended November 30, 2023 and 2022, are as follows: Three Months Ended November 30, Qualified Nonqualified Other Benefits 2023 2022 2023 2022 2023 2022 Components of net periodic benefit costs: (Dollars in thousands) Service cost $ 9,348 $ 9,645 $ 492 $ 460 $ 163 $ 168 Interest cost 8,982 7,647 261 185 286 259 Expected return on assets (11,965) (10,782) — — — — Prior service cost (credit) amortization 45 37 (29) (29) (111) (111) Actuarial loss (gain) amortization 449 468 95 61 (404) (404) Net periodic benefit cost (benefit) $ 6,859 $ 7,015 $ 819 $ 677 $ (66) $ (88)

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Nov. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements	November 30, 2023 Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting Gross Amount Recognized Cash Collateral Derivative Instruments Net Amount Derivative assets (Dollars in thousands) Commodity derivatives $ 216,283 $ — $ 3,005 $ 213,278 Foreign exchange derivatives 24,252 — 7,169 17,083 Total $ 240,535 $ — $ 10,174 $ 230,361 Derivative liabilities Commodity derivatives $ 275,972 $ 2,656 $ 3,905 $ 269,411 Foreign exchange derivatives 11,671 — 7,169 4,502 Total $ 287,643 $ 2,656 $ 11,074 $ 273,913 August 31, 2023 Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting Gross Amount Recognized Cash Collateral Derivative Instruments Net Amount Derivative assets (Dollars in thousands) Commodity derivatives $ 280,440 $ — $ 4,866 $ 275,574 Foreign exchange derivatives 32,402 — 12,330 20,072 Total $ 312,842 $ — $ 17,196 $ 295,646 Derivative liabilities Commodity derivatives $ 349,131 $ 1,505 $ 4,866 $ 342,760 Foreign exchange derivatives 13,799 — 12,330 1,469 Total $ 362,930 $ 1,505 $ 17,196 $ 344,229
Derivatives Not Designated as Hedging Instruments	The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, Location of Gain (Loss) 2023 2022 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 8,184 $ (135,686) Foreign exchange derivatives Cost of goods sold (4,607) (19,453) Foreign exchange derivatives Marketing, general and administrative expenses 820 237 Total $ 4,397 $ (154,902)
Schedule of Derivative Instruments, Purchase and Sales Contracts	all outstanding commodity contracts: November 30, 2023 August 31, 2023 Long Short Long Short (Units in thousands) Grain and oilseed (bushels) 502,650 719,364 506,654 630,803 Energy products (barrels) 7,166 6,097 11,839 8,085 Processed grain and oilseed (tons) 6,594 12,252 7,380 9,437 Crop nutrients (tons) 61 — 70 10 Ocean freight (metric tons) 10 — 40 — Natural gas (metric million Btu) 180 — 460 —
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the locations on our Condensed Consolidated Balance Sheets in which they are recorded: Derivative Assets Derivative Liabilities Balance Sheet Location November 30, August 31, Balance Sheet Location November 30, August 31, (Dollars in thousands) (Dollars in thousands) Other current assets $ 2,093 $ 8,395 Other current liabilities $ 5,352 $ 5,345
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents the pretax gains (losses) relating to our existing cash flow hedges that were reclassified from accumulated other comprehensive loss into our Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, Location of Gain (Loss) 2023 2022 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 8,082 $ (6,929)
Cash flow hedge gain (loss) recorded in other comprehensive income	The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the three months ended November 30, 2023 and 2022: Three Months Ended November 30, 2023 2022 (Dollars in thousands) Commodity derivatives $ (6,310) $ (29,589)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	November 30, 2023 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 2,624 $ 215,752 $ — $ 218,376 Foreign exchange derivatives — 24,252 — 24,252 Segregated investments and marketable securities 172,665 — — 172,665 Other assets 51,941 — — 51,941 Total $ 227,230 $ 240,004 $ — $ 467,234 Liabilities Commodity derivatives $ 2,320 $ 279,004 $ — $ 281,324 Foreign exchange derivatives — 11,671 — 11,671 Total $ 2,320 $ 290,675 $ — $ 292,995 August 31, 2023 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 5,344 $ 283,491 $ — $ 288,835 Foreign exchange derivatives — 32,402 — 32,402 Segregated investments and marketable securities 225,715 — — 225,715 Other assets 89,592 — — 89,592 Total $ 320,651 $ 315,893 $ — $ 636,544 Liabilities Commodity derivatives $ 7,501 $ 346,975 $ — $ 354,476 Foreign exchange derivatives — 13,799 — 13,799 Total $ 7,501 $ 360,774 $ — $ 368,275

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2023
Other current assets and liabilities [Abstract]
Other current assets and liabilities Table Text block [Table]	Other current assets and liabilities as of November 30, 2023, and August 31, 2023, are as follows: November 30, August 31, Other current assets (Dollars in thousands) Derivative assets (Note 11) $ 241,237 $ 320,119 Margin and related deposits 262,298 342,872 Prepaid expenses 187,036 149,682 Supplier advance payments 446,142 136,304 Restricted cash 69,156 79,301 Other 7,462 14,095 Total other current assets $ 1,213,331 $ 1,042,373 Other current liabilities Customer margin deposits and credit balances $ 126,620 $ 197,315 Customer advance payments 442,181 356,760 Derivative liabilities (Note 11) 278,815 355,696 Dividends and equity payable 760,930 730,000 Total other current liabilities $ 1,608,546 $ 1,639,771

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 89.6	$ 122
Contract liabilities	268.4		$ 240
Commodity Contract Asset, Current	$ 41.3		$ 16.2

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 11,390,658	$ 12,765,839
Energy
Disaggregation of Revenue [Line Items]
Revenues	2,717,940	3,119,306
Ag
Disaggregation of Revenue [Line Items]
Revenues	8,652,165	9,633,244
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	20,553	13,289
ASC Topic 606
Disaggregation of Revenue [Line Items]
Revenues	4,632,751	5,421,314
ASC Topic 606 | Energy
Disaggregation of Revenue [Line Items]
Revenues	2,399,552	2,802,155
ASC Topic 606 | Ag
Disaggregation of Revenue [Line Items]
Revenues	2,226,423	2,613,460
ASC Topic 606 | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	6,776	5,699
ASC Topic 815
Disaggregation of Revenue [Line Items]
Revenues	6,733,020	7,326,504
ASC Topic 815 | Energy
Disaggregation of Revenue [Line Items]
Revenues	318,388	317,151
ASC Topic 815 | Ag
Disaggregation of Revenue [Line Items]
Revenues	6,414,632	7,009,353
ASC Topic 815 | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Other Guidance
Disaggregation of Revenue [Line Items]
Revenues	24,887	18,021
Other Guidance | Energy
Disaggregation of Revenue [Line Items]
Revenues	0	0
Other Guidance | Ag
Disaggregation of Revenue [Line Items]
Revenues	11,110	10,431
Other Guidance | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	$ 13,777	$ 7,590

Receivables - Schedule of Recei

Receivables - Schedule of Receivables (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Receivables [Abstract]
Trade accounts receivable	$ 2,683,636	$ 2,010,162
CHS Capital short-term notes receivable	730,244	845,192
Other	439,747	327,084
Receivables, gross	3,853,627	3,182,438
Less: allowances and reserves	81,100	76,627
Total receivables	$ 3,772,527	$ 3,105,811

Receivables - Narrative (Detail

Receivables - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Aug. 31, 2023
Notes Receivable, Long-Term
CHS Capital long-term notes receivable additional available credit of counterparty	$ 1,400
CHS Capital Notes Receivable [Member]
Notes Receivable, Long-Term
CHS Capital long-term notes receivable, non-current, term	10 years
CHS Capital long-term notes receivable	$ 95.3	$ 61.1
Commercial Notes to Notes and Loans Receivable, Net, Percentage	26%	15%
Producer Notes to Notes and Loans Receivable, Net, Percentage	74%	85%

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Inventory Disclosure [Abstract]
Grain and oilseed	$ 1,868,331	$ 1,099,956
Energy	814,028	645,333
Agronomy	1,179,326	1,111,477
Processed grain and oilseed	170,135	141,360
Other	219,760	217,053
Total inventories	$ 4,251,580	$ 3,215,179

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Nov. 30, 2023	Aug. 31, 2023
Inventory Disclosure [Abstract]
LIFO inventory, difference amount had FIFO inventory valuation method been used	$ 436.9	$ 589
Percentage of LIFO inventory	15%	16%
Inventory [Line Items]
Percentage of LIFO inventory	15%	16%

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity income from investments	$ (109,051)	$ (181,962)
Investments	3,831,854		$ 3,828,872
Cumulative undistributed earnings from equity medthod investees	$ 654,900
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	9%
Equity Method Investments	$ 2,640,655		2,577,391
Ventura Foods, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50%
Equity Method Investments	$ 481,236		519,169
Ardent Mills LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	12%
Equity Method Investments	$ 235,778		$ 265,146
Nitrogen Production [Member]
Schedule of Equity Method Investments [Line Items]
Equity income from investments	(63,263)	(127,566)
Corporate and Other
Schedule of Equity Method Investments [Line Items]
Equity income from investments	(28,401)	(34,866)
Ag
Schedule of Equity Method Investments [Line Items]
Equity income from investments	$ (19,220)	$ (23,062)

Investments Equity Method inves

Investments Equity Method investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Schedule of Equity Method Investments [Line Items]
Other Investments	$ 129,851		$ 129,885
Net income (loss) attributable to CHS Inc.	522,923	$ 782,598
Gross Profit	644,950	879,135
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	523,368	782,916
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	2,640,655		2,577,391
Ventura Foods, LLC
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	481,236		519,169
Ardent Mills LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	235,778		265,146
Other Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	344,334		$ 337,281
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Net income (loss) attributable to CHS Inc.	63,263	127,566
Revenues	878,045	1,623,268
Gross Profit	272,024	770,478
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 263,315	$ 764,179

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt - Schedule of Notes Payable and Long-Term Debt (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Debt Instrument [Line Items]
Notes payable	$ 421,580	$ 547,923
Notes payable [Member]
Debt Instrument [Line Items]
Notes payable	258,944	375,932
CHS Capital notes payable
Debt Instrument [Line Items]
Notes payable	$ 162,636	$ 171,991

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Debt Instrument [Line Items]
Interest expense	$ 29,628	$ 33,250
Capitalized interest	5,000	2,500
Interest Expense	29,628	$ 33,250
Principal Amount Outstanding of Loans Held-in-portfolio	974,200
Long-term Debt	1,817,770		$ 1,819,819
Five-Year Revolving Facilities | Line of Credit | Revolving credit facility
Debt Instrument [Line Items]
Current borrowing capacity	2,800,000
Outstanding balance	0		0
Repurchase Facility | Subordinated Debt
Debt Instrument [Line Items]
Outstanding balance	0		0
Maximum borrowing capacity	200,000
Term loans from cooperatives and other banks, 430K payable in 2025 | Unsecured Debt
Debt Instrument [Line Items]
Long-term Debt	366,000		366,000
committed
Debt Instrument [Line Items]
maximum availability under securitization	850,000
uncommitted
Debt Instrument [Line Items]
maximum availability under securitization	250,000
loan amount utilized
Debt Instrument [Line Items]
Principal Amount Outstanding of Loans Held-in-portfolio	0
Private Placement
Debt Instrument [Line Items]
Long-term Debt	$ 1,413,000		$ 1,413,000

Equities Changes in Equity (Det

Equities Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	$ 10,452,389	$ 9,461,266
Reversal of prior year patronage and redemption estimates	11,236	12,941
Equity Certificates Repurchased and Retired During Period, Value	(11,236)	(12,941)
Dividends, Preferred Stock, Cash	(84,334)	(84,334)
Stockholders' Equity, Other	(336)	343
Net income (loss)	523,368	782,916
Net income (loss) attributable to CHS Inc.	522,923	782,598
Net income attributable to noncontrolling interests	445	318
Other Comprehensive Income (Loss), Net of Tax	(7,302)	(13,618)
Patronage Refunds, Estimated	(93,198)	(208,864)
Equity Redemptions, Estimate	(93,198)	(208,864)
Ending Balance	10,697,389	9,728,845
Capital equity certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	3,951,385	3,587,131
Reversal of prior year patronage and redemption estimates	11,236	12,941
Equity Certificates Repurchased and Retired During Period, Value	(8,287)	(10,021)
Stockholders' Equity, Other	34	291
Equity Redemptions, Estimate	(93,198)	(208,864)
Ending Balance	3,861,170	3,381,478
Nonpatronage Equity Certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	27,558	27,933
Reversal of prior year patronage and redemption estimates	0	0
Equity Certificates Repurchased and Retired During Period, Value	(67)	(58)
Stockholders' Equity, Other	(3)
Ending Balance	27,488	27,875
Non-qualified Equity Certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	1,932,706	1,776,172
Reversal of prior year patronage and redemption estimates	0	0
Equity Certificates Repurchased and Retired During Period, Value	(2,882)	(2,862)
Stockholders' Equity, Other	44	57
Net income (loss)
Ending Balance	1,929,868	1,773,367
Preferred Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	2,264,038	2,264,038
Equity Certificates Repurchased and Retired During Period, Value	0	0
Ending Balance	2,264,038	2,264,038
Accumulated Other Comprehensive Income (Loss) [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	(265,395)	(255,335)
Other Comprehensive Income (Loss), Net of Tax	(7,302)	(13,618)
Ending Balance	(272,697)	(268,953)
Capital Reserves [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	2,537,486	2,055,682
Reversal of prior year patronage and redemption estimates		0
Dividends, Preferred Stock, Cash	(84,334)	(84,334)
Stockholders' Equity, Other	(1,281)	20
Net income (loss) attributable to CHS Inc.	522,923	782,598
Patronage Refunds, Estimated	(93,198)	(208,864)
Ending Balance	2,881,596	2,545,102
Noncontrolling Interest [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	4,611	5,645
Stockholders' Equity, Other	870	(25)
Net income attributable to noncontrolling interests	445	318
Ending Balance	$ 5,926	$ 5,938

Equities Accumulated Other Comp

Equities Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 10,452,389	$ 9,461,266
Other Comprehensive Income (Loss), Net of Tax	(7,302)	(13,618)
Ending Balance	10,697,389	9,728,845
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(173,925)	(168,640)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	0	(66)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	23	5,560
Other Comprehensive Income (Loss), before Tax	23	5,494
Other Comprehensive Income (Loss), Tax	(6)	3,030
Other Comprehensive Income (Loss), Net of Tax	17	8,524
Ending Balance	(173,908)	(160,116)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	2,032	8,843
Other Comprehensive Income (Loss), before Reclassifications, before Tax	2,280	(33,899)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(7,790)	7,229
Other Comprehensive Income (Loss), before Tax	(5,510)	(26,670)
Other Comprehensive Income (Loss), Tax	1,349	6,463
Other Comprehensive Income (Loss), Net of Tax	(4,161)	(20,207)
Ending Balance	(2,129)	(11,364)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(93,502)	(95,538)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(3,350)	(2,227)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Other Comprehensive Income (Loss), before Tax	(3,350)	(2,227)
Other Comprehensive Income (Loss), Tax	192	292
Other Comprehensive Income (Loss), Net of Tax	(3,158)	(1,935)
Ending Balance	(96,660)	(97,473)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(265,395)	(255,335)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(1,070)	(36,192)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(7,767)	12,789
Other Comprehensive Income (Loss), before Tax	(8,837)	(23,403)
Other Comprehensive Income (Loss), Tax	1,535	9,785
Other Comprehensive Income (Loss), Net of Tax	(7,302)	(13,618)
Ending Balance	$ (272,697)	$ (268,953)

Equities Dividends Per Share (D

Equities Dividends Per Share (Details) - $ / shares	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
8% Cumulative Redeemable [Member]
8% Cumulative Redeemable [Line Items]
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears	$ 1	$ 1
Class B, Series 1 Preferred Stock [Member]
8% Cumulative Redeemable [Line Items]
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears	0.98	0.98
Class B, Series 2 Preferred Stock [Member]
8% Cumulative Redeemable [Line Items]
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears	0.88	0.88
Class B, Series 3 Preferred Stock [Member]
8% Cumulative Redeemable [Line Items]
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears	0.84	0.84
Class B, Series 4 Preferred Stock [Member]
8% Cumulative Redeemable [Line Items]
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears	$ 0.94	$ 0.94

Benefit Plans - Net Periodic Be

Benefit Plans - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Qualified Pension Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	$ 9,348	$ 9,645
Interest cost	8,982	7,647
Expected return on assets	(11,965)	(10,782)
Prior service cost (credit) amortization	45	37
Actuarial loss (gain) amortization	449	468
Net periodic benefit cost (benefit)	6,859	7,015
Non-Qualified Pension Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	492	460
Interest cost	261	185
Expected return on assets	0	0
Prior service cost (credit) amortization	(29)	(29)
Actuarial loss (gain) amortization	95	61
Net periodic benefit cost (benefit)	819	677
Other Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	163	168
Interest cost	286	259
Expected return on assets	0	0
Prior service cost (credit) amortization	(111)	(111)
Actuarial loss (gain) amortization	(404)	(404)
Net periodic benefit cost (benefit)	$ (66)	$ (88)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	(1.30%)	4.20%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 130.4		$ 116

Segment Reporting - Segment Inf

Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Aug. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 11,390,658	$ 12,765,839
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	11,390,658	12,765,839
Operating earnings (loss)	392,894	644,469
Interest Expense	29,628	33,250
Other income	(44,529)	(24,289)
Equity income from investments	(109,051)	(181,962)
Income before income taxes	516,846	817,470
Total assets	$ 20,432,885		$ 18,957,418
CF Nitrogen LLC [Member]
Segment Reporting Information [Line Items]
Ownership percentage	9%
Ventura Foods, LLC
Segment Reporting Information [Line Items]
Ownership percentage	50%
Ardent Mills LLC [Member]
Segment Reporting Information [Line Items]
Ownership percentage	12%
Energy
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	$ 2,919,123	3,337,125
Revenues	2,717,940	3,119,306
Intersegment Revenue	(201,183)	(217,819)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	2,717,940	3,119,306
Operating earnings (loss)	258,847	398,659
Interest Expense	(8,542)	2,056
Other income	(1,279)	(3,523)
Equity income from investments	1,833	3,532
Income before income taxes	266,835	396,594
Total assets	4,256,026
Ag
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	8,660,108	9,640,559
Revenues	8,652,165	9,633,244
Intersegment Revenue	(7,943)	(7,315)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	8,652,165	9,633,244
Operating earnings (loss)	140,341	263,502
Interest Expense	15,957	18,567
Other income	(26,116)	(19,302)
Equity income from investments	(19,220)	(23,062)
Income before income taxes	169,720	287,299
Total assets	9,088,813
Nitrogen Production [Member]
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	0	0
Intersegment Revenue	0	0
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	0	0
Operating earnings (loss)	(16,195)	(16,272)
Interest Expense	10,609	14,421
Other income	0	0
Equity income from investments	(63,263)	(127,566)
Income before income taxes	36,459	96,873
Total assets	2,640,655
Corporate and Other
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	25,367	16,099
Revenues	20,553	13,289
Intersegment Revenue	(4,814)	(2,810)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	20,553	13,289
Operating earnings (loss)	9,901	(1,420)
Interest Expense	16,989	4,125
Other income	(22,519)	(7,383)
Equity income from investments	(28,401)	(34,866)
Income before income taxes	43,832	36,704
Total assets	4,447,391
Other Segments
Segment Reporting Information [Line Items]
Revenues	(213,940)	(227,944)
Intersegment Revenue	213,940	227,944
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	0	0
Operating earnings (loss)	0	0
Interest Expense	(5,385)	(5,919)
Other income	5,385	5,919
Equity income from investments	0	0
Income before income taxes	0	$ 0
Total assets	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Gross Fair Values of Derivative Assets, Derivative Liabilities, and Margin Deposits (Cash Collateral) (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Reconciliation of gross and net fair value of assets and liabilities subject to offsetting arrangements [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 240,535	$ 312,842
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	230,361	295,646
Derivative Liability, Fair Value, Gross Liability	287,643	362,930
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	273,913	344,229
Not Designated as Hedging Instrument | Commodity derivatives
Reconciliation of gross and net fair value of assets and liabilities subject to offsetting arrangements [Line Items]
Derivative Asset, Fair Value, Gross Asset	216,283	280,440
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	213,278	275,574
Derivative Liability, Fair Value, Gross Liability	275,972	349,131
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	269,411	342,760
Not Designated as Hedging Instrument | Foreign exchange derivatives
Reconciliation of gross and net fair value of assets and liabilities subject to offsetting arrangements [Line Items]
Derivative Asset, Fair Value, Gross Asset	24,252	32,402
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	17,083	20,072
Derivative Liability, Fair Value, Gross Liability	11,671	13,799
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ 4,502	$ 1,469

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Purchase and Sale Contracts (Details) - Not Designated as Hedging Instrument t in Thousands, T in Thousands, MMBtu in Thousands, Bushels in Thousands, Barrels in Thousands	Nov. 30, 2023 T Bushels MMBtu t Barrels	Aug. 31, 2023 Bushels MMBtu Barrels T t
Grain and oilseed (bushels) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Bushels	502,650	506,654
Grain and oilseed (bushels) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Bushels	719,364	630,803
Energy products (barrels) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Barrels	7,166	11,839
Energy products (barrels) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Barrels	6,097	8,085
Processed grain and oilseed (tons) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	6,594	7,380
Processed grain and oilseed (tons) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	12,252	9,437
Crop nutrients (tons) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	61	70
Crop nutrients (tons) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	0	10
Ocean Freight Contracts [Member] | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | t	10	40
Ocean Freight Contracts [Member] | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | t	0	0
Natural gas (metric million Btu) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | MMBtu	180	460
Natural gas (metric million Btu) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | MMBtu	0	0

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Derivatives (Details) $ in Thousands, bbl in Millions	3 Months Ended	12 Months Ended
	Nov. 30, 2023 USD ($) bbl	Aug. 31, 2023 USD ($) bbl
Derivative [Line Items]
Derivative Liability, Noncurrent	$ 14,200	$ 12,600
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	230,361	295,646
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	10,174	17,196
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	273,913	344,229
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	2,656	1,505
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	11,074	17,196
Derivative Asset, Noncurrent, Excluding Fair Value Hedges	1,400	1,100
Foreign exchange derivatives | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	17,083	20,072
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	7,169	12,330
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	4,502	1,469
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	7,169	12,330
Derivative, Notional Amount	1,400,000	1,900,000
Commodity derivatives | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	213,278	275,574
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	3,005	4,866
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	269,411	342,760
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	2,656	1,505
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	$ 3,905	$ 4,866
Cash Flow Hedging
Derivative [Line Items]
Aggregate notional amount of cash flow hedges (in barrels) | bbl	5.1	4.1

Derivative Financial Instrume_6

Derivative Financial Instruments and Hedging Activities - Pretax Gains (Losses) On Derivatives Not Accounted For As Hedging Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 4,397	$ (154,902)
Commodity derivatives | Cost of goods sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	8,184	(135,686)
Foreign exchange derivatives | Cost of goods sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(4,607)	(19,453)
Foreign exchange derivatives | Selling, General and Administrative Expenses [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 820	$ 237

Derivative Financial Instrume_7

Derivative Financial Instruments and Hedging Activities - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 287,643	$ 362,930

Derivative Financial Instrume_8

Derivative Financial Instruments and Hedging Activities - Schedule of Derivative Instruments, Effect on Earnings (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 240,535	$ 312,842

Derivative Financial Instrume_9

Derivative Financial Instruments and Hedging Activities - Fair Value of Commodity Derivative Instruments (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 287,643	$ 362,930
Derivative Asset, Fair Value, Gross Asset	240,535	312,842
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	5,352	5,345
Derivative Asset, Fair Value, Gross Asset	$ 2,093	$ 8,395

Derivative Financial Instrum_10

Derivative Financial Instruments and Hedging Activities - Commodity Derivatives (Details) - Commodity derivatives - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Cost of goods sold
Derivative [Line Items]
Pretax gains (losses) reclassified from AOCI related to cash flow hedges	$ 8,082	$ (6,929)
Cash Flow Hedging
Derivative [Line Items]
Pretax gains (losses) recorded in OCI related to cash flow hedges	$ (6,310)	$ (29,589)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	$ 172,665	$ 225,715
Other assets	51,941	89,592
Total assets	467,234	636,544
Foreign exchange derivatives		13,799
Total liabilities	292,995	368,275
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	172,665	225,715
Other assets	51,941	89,592
Total assets	227,230	320,651
Foreign exchange derivatives		0
Total liabilities	2,320	7,501
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	0	0
Other assets	0	0
Total assets	240,004	315,893
Foreign exchange derivatives		13,799
Total liabilities	290,675	360,774
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	0	0
Other assets	0	0
Total assets	0	0
Foreign exchange derivatives		0
Total liabilities	0	0
Commodity derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	218,376	288,835
Derivative Liability	281,324	354,476
Commodity derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2,624	5,344
Derivative Liability	2,320	7,501
Commodity derivatives | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	215,752	283,491
Derivative Liability	279,004	346,975
Commodity derivatives | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Derivative Liability	0	0
Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivatives	24,252	32,402
Foreign exchange derivatives	11,671
Foreign exchange derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivatives	0	0
Foreign exchange derivatives	0
Foreign exchange derivatives | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivatives	24,252	32,402
Foreign exchange derivatives	11,671
Foreign exchange derivatives | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange derivatives	0	$ 0
Foreign exchange derivatives	$ 0

Commitments and Contingencies G

Commitments and Contingencies Guarantees (Details) $ in Millions	Nov. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Guarantor obligations, maximum exposure, undiscounted	$ 158.6
Maximum guarantees allowed by bank covenants	$ 1,100

Deferred Costs, Capitalized, Pr

Deferred Costs, Capitalized, Prepaid, and Other Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Aug. 31, 2023
Other current assets and liabilities [Abstract]
Derivative assets (Note 11)	$ 241,237	$ 320,119
Margin and related deposits	262,298	342,872
Prepaid Expense	187,036	149,682
Supplier advance payments	446,142	136,304
Restricted cash	69,156	79,301
Other	7,462	14,095
Other current assets	1,213,331	1,042,373
Customer margin deposits and credit balances	126,620	197,315
Customer advance payments	442,181	356,760
Derivative liabilities (Note 11)	278,815	355,696
Dividends and equities payable	760,930	730,000
Other Liabilities, Current	$ 1,608,546	$ 1,639,771