CHS (CHSCN) 10-Q 8 Jan 25 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Nov. 30, 2024	Jan. 08, 2025
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2024
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	2025
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, 2024	Aug. 31, 2024
Current assets [Abstract]
Cash and cash equivalents	$ 450,491	$ 794,865
Receivables	3,740,766	3,549,917
Inventories	3,901,294	3,067,415
Other current assets	1,265,673	1,296,586
Total current assets	9,358,224	8,708,783
Investments	3,864,186	3,780,967
Property, plant and equipment	5,239,387	5,177,355
Other assets	1,114,291	1,047,970
Total assets	19,576,088	18,715,075
Current liabilities [Abstract]
Notes payable	331,689	306,831
Current portion of long-term debt	337,380	337,266
Accounts payable	3,495,276	2,697,290
Accrued expenses	603,629	783,945
Other Liabilities	1,301,413	1,275,482
Total current liabilities	6,069,387	5,400,814
Long-term debt	1,821,746	1,824,194
Other liabilities	866,567	728,143
Commitments and contingencies (Note 13)
Equities:
Preferred stock	2,264,038	2,264,038
Equity certificates	5,933,353	5,982,369
Accumulated other comprehensive loss	(304,802)	(296,542)
Capital reserves	2,919,830	2,805,526
Total CHS Inc. equities	10,812,419	10,755,391
Noncontrolling interests	5,969	6,533
Total equities	10,818,388	10,761,924
Total liabilities and equities	$ 19,576,088	$ 18,715,075

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Income Statement [Abstract]
Revenues	$ 9,294,112	$ 11,390,658
Cost of goods sold	8,893,436	10,745,708
Gross profit	400,676	644,950
Marketing, general and administrative expenses	262,850	252,056
Operating earnings	137,826	392,894
Interest expense	27,648	29,628
Other income	(26,364)	(44,529)
Equity income from investments	(122,295)	(109,051)
Income before income taxes	258,837	516,846
Income tax expense (benefit)	13,244	(6,522)
Net income	245,593	523,368
Net income attributable to noncontrolling interests	803	445
Net income attributable to CHS Inc.	$ 244,790	$ 522,923

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Net income (loss)	$ 245,593	$ 523,368
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Pension and other postretirement benefits	2,118	17
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	1,481	(4,161)
Foreign currency translation adjustment	(11,859)	(3,158)
Other Comprehensive Income (Loss), Net of Tax, Total	(8,260)	(7,302)
Comprehensive income (loss)	237,333	516,066
Less comprehensive income attributable to noncontrolling interests	803	445
Comprehensive Income (Loss) Attributable to CHS	$ 236,530	$ 515,621

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 245,593	$ 523,368
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	147,684	138,037
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	(85,532)	807
Provision for current expected credit losses	(3,103)	5,009
Deferred taxes	(33,374)	(68,627)
Other, net	(5,002)	5,627
Changes in operating assets and liabilities, net of acquisitions:
Receivables	(263,432)	(749,650)
Inventories	(833,878)	(1,036,401)
Accounts payable and accrued expenses	623,107	1,232,312
Other liabilities	(86,047)	(198,067)
Net cash provided by (used in) operating activities	(293,984)	(147,585)
Cash flows from investing activities:
Acquisition of property, plant and equipment	(192,663)	(142,449)
Proceeds from disposition of property, plant and equipment	7,394	2,330
Expenditures for major repairs	(11,070)	(8,274)
Proceeds from Sale of Other Investments	162,131	0
Changes in CHS Capital notes receivable, net	26,254	83,580
Other investing activities, net	1,287	(34,803)
Net cash provided by (used in) investing activities	(6,667)	(99,616)
Cash flows from financing activities:
Proceeds from lines of credit and long-term borrowings	1,079,976	975,374
Payments on lines of credit, long-term borrowings and capital lease obligations	(1,063,689)	(1,106,904)
Preferred stock dividends paid	(42,167)	(42,167)
Redemptions of equities	(9,831)	(11,236)
Other financing activities, net	(331)	10,429
Net cash provided by (used in) financing activities	(36,042)	(174,504)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(2,553)	(3,969)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(339,246)	(425,674)
Cash and cash equivalents and restricted cash at beginning of period	873,862	1,844,587
Cash and cash equivalents and restricted cash at end of period	$ 534,616	$ 1,418,913

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies	Basis of Presentation, Significant Accounting Policies and Subsequent Events 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, 2024, 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, 2024. 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. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures , which requires additional disclosure about certain costs and expenses in the notes to financial statements. This ASU is effective for our annual reporting for fiscal 2028 on either a prospective or retrospective basis and for interim reporting periods beginning in fiscal 2029. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements. Subsequent Events
Subsequent Events	Subsequent Events

Revenues (Notes)

Revenues (Notes)	3 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. 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, 2024 (Dollars in thousands) Energy $ 1,891,088 $ 240,071 $ — $ 2,131,159 Ag 1,983,341 5,157,174 1,599 7,142,114 Corporate and Other 6,022 — 14,817 20,839 Total revenues $ 3,880,451 $ 5,397,245 $ 16,416 $ 9,294,112 Three Months Ended November 30, 2023 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 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 $18.3 million and $34.7 million as of November 30, 2024, and August 31, 2024, respectively. Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $266.3 million and $248.8 million as of November 30, 2024, and August 31, 2024, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended November 30, 2024 and 2023, we recognized revenues of $127.6 million and $89.6 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, 2024
Receivables [Abstract]
Receivables	Receivables November 30, August 31, (Dollars in thousands) Trade accounts receivable $ 2,352,370 $ 2,232,203 CHS Capital short-term notes receivable 875,175 944,861 Other 588,209 452,662 Gross receivables 3,815,754 3,629,726 Less: allowances and reserves 74,988 79,809 Total receivables $ 3,740,766 $ 3,549,917 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 $123.5 million and $74.6 million as of November 30, 2024, and August 31, 2024, respectively. The long-term notes receivable are included in other assets on our Condensed Consolidated Balance Sheets. As of November 30, 2024, and August 31, 2024, commercial notes represented 31% and 18%, respectively, and producer notes represented 69% and 82%, 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, 2024, CHS Capital customers had additional available credit of $1.3 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, 2024, or August 31, 2024.

Inventories

Inventories	3 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories November 30, August 31, (Dollars in thousands) Grain and oilseed $ 1,520,504 $ 888,768 Energy 847,001 720,636 Agronomy 1,198,902 1,126,916 Processed grain and oilseed 119,872 124,686 Other 215,015 206,409 Total inventories $ 3,901,294 $ 3,067,415

Investments

Investments	3 Months Ended
	Nov. 30, 2024
Investments [Abstract]
Investments	Investments November 30, August 31, (Dollars in thousands) Equity method investments: CF Industries Nitrogen, LLC $ 2,601,348 $ 2,544,530 Ventura Foods, LLC 512,370 511,231 Ardent Mills, LLC 240,543 234,021 Other equity method investments 370,874 353,413 Other investments 139,051 137,772 Total investments $ 3,864,186 $ 3,780,967 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 significant equity method investments during the three months ended November 30, 2024 and 2023, consist of CF Industries Nitrogen, LLC ("CF Nitrogen") and Ventura Foods, LLC ("Ventura Foods"), which are 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 $719.2 million in cumulative undistributed earnings from our equity method investees included in the investments balance as of November 30, 2024. 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 8.4% 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, 2024 and 2023: Three Months Ended November 30, 2024 2023 (Dollars in thousands) Net sales $ 787,948 $ 878,045 Gross profit 215,712 272,024 Net earnings 199,497 263,315 Earnings attributable to CHS Inc. 56,817 63,263 Ventura Foods We have a 50% interest in Ventura Foods, a joint venture with Mitsui & Co., that produces and distributes edible oil-based products. We account for Ventura Foods as an equity method investment and our share of the results of Ventura Foods is included in Corporate and Other. The following table provides summarized unaudited financial information for our equity method investment in Ventura Foods for the three months ended November 30, 2024 and 2023: Three Months Ended November 30, 2024 2023 (Dollars in thousands) Net sales $ 798,723 $ 825,773 Gross profit 120,948 102,302 Net earnings 41,857 40,045 Earnings attributable to CHS Inc. 20,929 20,023 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, 2024
Equity [Abstract]
Equities	Changes in Equities Changes in equities for the three months ended November 30, 2024 and 2023, are as follows: Equity Certificates Accumulated Capital Nonpatronage Nonqualified Equity Certificates Preferred Capital Noncontrolling Total (Dollars in thousands) Balances, August 31, 2024 $ 3,753,343 $ 27,261 $ 2,201,765 $ 2,264,038 $ (296,542) $ 2,805,526 $ 6,533 $ 10,761,924 Reversal of prior fiscal year redemption estimates 9,831 — — — — — — 9,831 Redemptions of equities (7,138) (156) (2,537) — — — — (9,831) Preferred stock dividends — — — — — (84,334) — (84,334) Other, net (5) — — — — 2,859 (1,367) 1,487 Net income — — — — — 244,790 803 245,593 Other comprehensive loss, net of tax — — — — (8,260) — — (8,260) Estimated 2025 cash patronage refunds — — — — — (49,011) — (49,011) Estimated 2025 equity redemptions (49,011) — — — — — — (49,011) Balances, November 30, 2024 $ 3,707,020 $ 27,105 $ 2,199,228 $ 2,264,038 $ (304,802) $ 2,919,830 $ 5,969 $ 10,818,388 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 fiscal 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 Preferred Stock Dividends The following table presents a summary of dividends declared per share by series of preferred stock for the three months ended November 30, 2024 and 2023. Three Months Ended November 30, Nasdaq symbol 2024 2023 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, 2024 and 2023, are as follows: Pension and Other Postretirement Benefits Cash Flow Hedges Foreign Currency Translation Adjustment Total (Dollars in thousands) Balance as of August 31, 2024, net of tax $ (195,973) $ 1,777 $ (102,346) $ (296,542) Other comprehensive income (loss), before tax: Amounts before reclassifications — 6,200 (11,913) (5,713) Amounts reclassified 2,805 (4,238) — (1,433) Total other comprehensive income (loss), before tax 2,805 1,962 (11,913) (7,146) Tax effect (687) (481) 54 (1,114) Other comprehensive income (loss), net of tax 2,118 1,481 (11,859) (8,260) Balance as of November 30, 2024, net of tax $ (193,855) $ 3,258 $ (114,205) $ (304,802) 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) 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, 2024
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, 2024 and 2023, are as follows: Three Months Ended November 30, Qualified Nonqualified Other Benefits 2024 2023 2024 2023 2024 2023 Components of net periodic benefit costs: (Dollars in thousands) Service cost $ 10,932 $ 9,348 $ 757 $ 492 $ 211 $ 163 Interest cost 8,725 8,982 289 261 285 286 Expected return on assets (11,744) (11,965) — — — — Prior service cost (credit) amortization 50 45 (12) (29) (111) (111) Actuarial loss (gain) amortization 3,204 449 200 95 (309) (404) Net periodic benefit cost (benefit) $ 11,167 $ 6,859 $ 1,234 $ 819 $ 76 $ (66) 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, 2024, and we do not anticipate being required to make contributions to our pension plans in fiscal 2025, although we may voluntarily elect to do so.

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Our effective tax rate for the three months ended November 30, 2024, was 5.1%, compared to (1.3)% for the three months ended November 30, 2023. Our income tax 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, $68.8 million and $65.1 million of the unrecognized tax benefits would ultimately benefit our effective tax rate as of November 30, 2024, and August 31, 2024, respectively. It is reasonably possible that the total amount of unrecognized tax benefits could change significantly in the next 12 months.

Segment Reporting

Segment Reporting	3 Months Ended
	Nov. 30, 2024
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 ag retail 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 consist 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 income before income taxes ("IBIT") generally trend lower during the second fiscal quarter and increase in the third fiscal quarter. For example, in our Ag segment, our ag retail 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 8.4% 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, 2024 and 2023, is presented in the tables below: Energy Ag Nitrogen Production Corporate Reconciling Total Three Months Ended November 30, 2024 (Dollars in thousands) Revenues, including intersegment revenues $ 2,279,053 $ 7,143,859 $ — $ 26,558 $ (155,358) $ 9,294,112 Intersegment revenues (147,894) (1,745) — (5,719) 155,358 — Revenues, net of intersegment revenues $ 2,131,159 $ 7,142,114 $ — $ 20,839 $ — $ 9,294,112 Operating earnings (loss) 14,094 134,704 (17,063) 6,091 — 137,826 Interest expense (2,185) 16,662 18,154 776 (5,759) 27,648 Other income (4,331) (16,711) (3,641) (7,440) 5,759 (26,364) Equity (income) loss from investments 847 (31,899) (56,817) (34,426) — (122,295) Income before income taxes $ 19,763 $ 166,652 $ 25,241 $ 47,181 $ — $ 258,837 Total assets as of November 30, 2024 $ 4,305,638 $ 8,536,442 $ 2,601,348 $ 4,132,660 $ — $ 19,576,088 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

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Nov. 30, 2024
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, 2024 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 $ 170,286 $ — $ 3,489 $ 166,797 Foreign exchange derivatives 16,418 — 13,046 3,372 Total $ 186,704 $ — $ 16,535 $ 170,169 Derivative liabilities Commodity derivatives $ 154,214 $ 1,499 $ 4,905 $ 147,810 Foreign exchange derivatives 41,890 — 13,046 28,844 Total $ 196,104 $ 1,499 $ 17,951 $ 176,654 August 31, 2024 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 $ 165,709 $ — $ 2,522 $ 163,187 Foreign exchange derivatives 9,029 — 7,100 1,929 Total $ 174,738 $ — $ 9,622 $ 165,116 Derivative liabilities Commodity derivatives $ 221,803 $ 1,601 $ 2,522 $ 217,680 Foreign exchange derivatives 24,476 — 7,100 17,376 Total $ 246,279 $ 1,601 $ 9,622 $ 235,056 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, 2024, and August 31, 2024, was $2.2 million and $2.9 million, respectively. The amount of long-term derivative liabilities recorded on our Condensed Consolidated Balance Sheets as of November 30, 2024, and August 31, 2024, was $5.0 million and $6.0 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, 2024 and 2023: Three Months Ended November 30, Location of Gain (Loss) 2024 2023 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 72,456 $ 8,184 Foreign exchange derivatives Cost of goods sold (8,841) (4,607) Foreign exchange derivatives Marketing, general and administrative expenses (2,259) 820 Total $ 61,356 $ 4,397 Commodity Contracts As of November 30, 2024, and August 31, 2024, 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, 2024 August 31, 2024 Long Short Long Short (Units in thousands) Grain and oilseed (bushels) 429,549 725,393 385,426 517,883 Energy products (barrels) 8,301 5,740 8,438 5,014 Processed grain and oilseed (tons) 2,857 4,945 3,600 6,193 Crop nutrients (tons) 77 27 73 14 Natural gas (metric million Btu) 1,320 300 2,350 500 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 $1.5 billion as of November 30, 2024, and August 31, 2024, 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, 2024, and August 31, 2024, the aggregate notional amounts of cash flow hedges were 6.6 million and 5.5 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 $ 6,700 $ 5,226 Other current liabilities $ 2,432 $ 2,781 The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the three months ended November 30, 2024 and 2023: Three Months Ended November 30, 2024 2023 (Dollars in thousands) Commodity derivatives $ 1,823 $ (6,310) The following table presents the pretax gains 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, 2024 and 2023: Three Months Ended November 30, Location of Gain 2024 2023 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 4,529 $ 8,082

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 30, 2024
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, 2024, and August 31, 2024, are as follows: November 30, 2024 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 604 $ 176,382 $ — $ 176,986 Foreign exchange derivatives — 16,418 — 16,418 Segregated investments and marketable securities 15,114 135,055 — 150,169 Time deposits — 345,152 — 345,152 Other assets 156,720 — — 156,720 Total $ 172,438 $ 673,007 $ — $ 845,445 Liabilities Commodity derivatives $ 2,792 $ 153,854 $ — $ 156,646 Foreign exchange derivatives — 41,890 — 41,890 Total $ 2,792 $ 195,744 $ — $ 198,536 August 31, 2024 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 2,454 $ 168,481 $ — $ 170,935 Foreign exchange derivatives — 9,029 — 9,029 Segregated investments and marketable securities 15,069 136,258 — 151,327 Time deposits — 500,921 — 500,921 Other assets 83,008 — — 83,008 Total $ 100,531 $ 814,689 $ — $ 915,220 Liabilities Commodity derivatives $ 1,641 $ 222,943 $ — $ 224,584 Foreign exchange derivatives — 24,476 — 24,476 Total $ 1,641 $ 247,419 $ — $ 249,060 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, time deposits and other assets. Our segregated investments and marketable securities and other assets are comprised primarily of investments in U.S. Treasury securities, money market funds, various government agencies, time deposits and rabbi trust assets. U.S. Treasury securities and money market funds are valued using quoted market prices and classified within Level 1. Investments in various government agency obligations, time deposits and rabbi trust assets are valued using quoted prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and classified within Level 2.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 30, 2024
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 for 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 for 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 $165.9 million were outstanding on November 30, 2024. 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, 2024.

Other Current Assets and Liabil

Other Current Assets and Liabilities	3 Months Ended
	Nov. 30, 2024
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, 2024, and August 31, 2024, are as follows: November 30, August 31, Other current assets (Dollars in thousands) Short-term investments $ 345,152 $ 500,921 Derivative assets (Note 11) 191,204 177,111 Margin and related deposits 184,369 176,821 Prepaid expenses 188,360 202,392 Supplier advance payments 251,801 133,678 Restricted cash 84,125 78,997 Other 20,662 26,666 Total other current assets $ 1,265,673 $ 1,296,586 Other current liabilities Customer margin deposits and credit balances $ 103,704 $ 95,369 Customer advance payments 371,801 337,045 Derivative liabilities (Note 11) 193,572 243,068 Dividends and equity payable 632,336 600,000 Total other current liabilities $ 1,301,413 $ 1,275,482

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net income (loss) attributable to CHS Inc.	$ 244,790	$ 522,923

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization, Basis of Presen_2

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Nov. 30, 2024
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, 2024.
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. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures , which requires additional disclosure about certain costs and expenses in the notes to financial statements. This ASU is effective for our annual reporting for fiscal 2028 on either a prospective or retrospective basis and for interim reporting periods beginning in fiscal 2029. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. 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, 2024 (Dollars in thousands) Energy $ 1,891,088 $ 240,071 $ — $ 2,131,159 Ag 1,983,341 5,157,174 1,599 7,142,114 Corporate and Other 6,022 — 14,817 20,839 Total revenues $ 3,880,451 $ 5,397,245 $ 16,416 $ 9,294,112 Three Months Ended November 30, 2023 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

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Nov. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	November 30, August 31, (Dollars in thousands) Trade accounts receivable $ 2,352,370 $ 2,232,203 CHS Capital short-term notes receivable 875,175 944,861 Other 588,209 452,662 Gross receivables 3,815,754 3,629,726 Less: allowances and reserves 74,988 79,809 Total receivables $ 3,740,766 $ 3,549,917

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	November 30, August 31, (Dollars in thousands) Grain and oilseed $ 1,520,504 $ 888,768 Energy 847,001 720,636 Agronomy 1,198,902 1,126,916 Processed grain and oilseed 119,872 124,686 Other 215,015 206,409 Total inventories $ 3,901,294 $ 3,067,415

Investments (Tables)

Investments (Tables)	3 Months Ended
	Nov. 30, 2024
Investments [Abstract]
Investment Holdings, Schedule of Investments [Table Text Block]	November 30, August 31, (Dollars in thousands) Equity method investments: CF Industries Nitrogen, LLC $ 2,601,348 $ 2,544,530 Ventura Foods, LLC 512,370 511,231 Ardent Mills, LLC 240,543 234,021 Other equity method investments 370,874 353,413 Other investments 139,051 137,772 Total investments $ 3,864,186 $ 3,780,967
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, 2024 and 2023: Three Months Ended November 30, 2024 2023 (Dollars in thousands) Net sales $ 787,948 $ 878,045 Gross profit 215,712 272,024 Net earnings 199,497 263,315 Earnings attributable to CHS Inc. 56,817 63,263

Debt (Tables)

Debt (Tables) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Debt Instrument [Line Items]
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]
Finance Lease, Liability	$ 48,457	$ 49,511
Debt Issuance Costs, Net	(4,410)	(4,562)
Other Long-Term Debt	2,079	2,511
Long-term Debt and Lease Obligation, Including Current Maturities	2,159,126	2,161,460
Current portion of long-term debt	337,380	337,266
Long-Term Debt and Lease Obligation	$ 1,821,746	1,824,194
Schedule of Short-term Debt	November 30, August 31, (Dollars in thousands) Notes payable $ 221,379 $ 163,136 CHS Capital notes payable 110,310 143,695 Total notes payable $ 331,689 $ 306,831
Schedule of Long-term Debt Instruments	The following table presents summarized long-term debt (including the current portion) as of November 30, 2024, and August 31, 2024: November 30, August 31, (Dollars in thousands) Private placement debt $ 2,113,000 $ 2,113,000 Term loan — 1,000 Finance lease liabilities 48,457 49,511 Deferred financing costs (4,410) (4,562) Other 2,079 2,511 Total long-term debt 2,159,126 2,161,460 Less current portion 337,380 337,266 Long-term portion $ 1,821,746 $ 1,824,194
Private Placement
Debt Instrument [Line Items]
Long-term Debt	$ 2,113,000	2,113,000
Unsecured Debt | Term loans from cooperatives and other banks, 430K payable in 2025
Debt Instrument [Line Items]
Long-term Debt	$ 0	$ 1,000

Equities (Tables)

Equities (Tables)	3 Months Ended
	Nov. 30, 2024
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, 2024, net of tax $ (195,973) $ 1,777 $ (102,346) $ (296,542) Other comprehensive income (loss), before tax: Amounts before reclassifications — 6,200 (11,913) (5,713) Amounts reclassified 2,805 (4,238) — (1,433) Total other comprehensive income (loss), before tax 2,805 1,962 (11,913) (7,146) Tax effect (687) (481) 54 (1,114) Other comprehensive income (loss), net of tax 2,118 1,481 (11,859) (8,260) Balance as of November 30, 2024, net of tax $ (193,855) $ 3,258 $ (114,205) $ (304,802) 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)
Preferred Stock [Text Block]	Preferred Stock Dividends The following table presents a summary of dividends declared per share by series of preferred stock for the three months ended November 30, 2024 and 2023. Three Months Ended November 30, Nasdaq symbol 2024 2023 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, 2024
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs of Assumptions Used	Components of net periodic benefit costs for the three months ended November 30, 2024 and 2023, are as follows: Three Months Ended November 30, Qualified Nonqualified Other Benefits 2024 2023 2024 2023 2024 2023 Components of net periodic benefit costs: (Dollars in thousands) Service cost $ 10,932 $ 9,348 $ 757 $ 492 $ 211 $ 163 Interest cost 8,725 8,982 289 261 285 286 Expected return on assets (11,744) (11,965) — — — — Prior service cost (credit) amortization 50 45 (12) (29) (111) (111) Actuarial loss (gain) amortization 3,204 449 200 95 (309) (404) Net periodic benefit cost (benefit) $ 11,167 $ 6,859 $ 1,234 $ 819 $ 76 $ (66)

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Nov. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements	November 30, 2024 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 $ 170,286 $ — $ 3,489 $ 166,797 Foreign exchange derivatives 16,418 — 13,046 3,372 Total $ 186,704 $ — $ 16,535 $ 170,169 Derivative liabilities Commodity derivatives $ 154,214 $ 1,499 $ 4,905 $ 147,810 Foreign exchange derivatives 41,890 — 13,046 28,844 Total $ 196,104 $ 1,499 $ 17,951 $ 176,654 August 31, 2024 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 $ 165,709 $ — $ 2,522 $ 163,187 Foreign exchange derivatives 9,029 — 7,100 1,929 Total $ 174,738 $ — $ 9,622 $ 165,116 Derivative liabilities Commodity derivatives $ 221,803 $ 1,601 $ 2,522 $ 217,680 Foreign exchange derivatives 24,476 — 7,100 17,376 Total $ 246,279 $ 1,601 $ 9,622 $ 235,056
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, 2024 and 2023: Three Months Ended November 30, Location of Gain (Loss) 2024 2023 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 72,456 $ 8,184 Foreign exchange derivatives Cost of goods sold (8,841) (4,607) Foreign exchange derivatives Marketing, general and administrative expenses (2,259) 820 Total $ 61,356 $ 4,397
Schedule of Derivative Instruments, Purchase and Sales Contracts	all outstanding commodity contracts: November 30, 2024 August 31, 2024 Long Short Long Short (Units in thousands) Grain and oilseed (bushels) 429,549 725,393 385,426 517,883 Energy products (barrels) 8,301 5,740 8,438 5,014 Processed grain and oilseed (tons) 2,857 4,945 3,600 6,193 Crop nutrients (tons) 77 27 73 14 Natural gas (metric million Btu) 1,320 300 2,350 500
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 $ 6,700 $ 5,226 Other current liabilities $ 2,432 $ 2,781
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents the pretax gains 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, 2024 and 2023: Three Months Ended November 30, Location of Gain 2024 2023 (Dollars in thousands) Commodity derivatives Cost of goods sold $ 4,529 $ 8,082
Cash flow hedge gain (loss) recorded in other comprehensive income	The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the three months ended November 30, 2024 and 2023: Three Months Ended November 30, 2024 2023 (Dollars in thousands) Commodity derivatives $ 1,823 $ (6,310)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	November 30, 2024 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 604 $ 176,382 $ — $ 176,986 Foreign exchange derivatives — 16,418 — 16,418 Segregated investments and marketable securities 15,114 135,055 — 150,169 Time deposits — 345,152 — 345,152 Other assets 156,720 — — 156,720 Total $ 172,438 $ 673,007 $ — $ 845,445 Liabilities Commodity derivatives $ 2,792 $ 153,854 $ — $ 156,646 Foreign exchange derivatives — 41,890 — 41,890 Total $ 2,792 $ 195,744 $ — $ 198,536 August 31, 2024 Quoted Prices in Significant Significant Total Assets (Dollars in thousands) Commodity derivatives $ 2,454 $ 168,481 $ — $ 170,935 Foreign exchange derivatives — 9,029 — 9,029 Segregated investments and marketable securities 15,069 136,258 — 151,327 Time deposits — 500,921 — 500,921 Other assets 83,008 — — 83,008 Total $ 100,531 $ 814,689 $ — $ 915,220 Liabilities Commodity derivatives $ 1,641 $ 222,943 $ — $ 224,584 Foreign exchange derivatives — 24,476 — 24,476 Total $ 1,641 $ 247,419 $ — $ 249,060

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2024
Other current assets and liabilities [Abstract]
Other current assets and liabilities Table Text block [Table]	Other current assets and liabilities as of November 30, 2024, and August 31, 2024, are as follows: November 30, August 31, Other current assets (Dollars in thousands) Short-term investments $ 345,152 $ 500,921 Derivative assets (Note 11) 191,204 177,111 Margin and related deposits 184,369 176,821 Prepaid expenses 188,360 202,392 Supplier advance payments 251,801 133,678 Restricted cash 84,125 78,997 Other 20,662 26,666 Total other current assets $ 1,265,673 $ 1,296,586 Other current liabilities Customer margin deposits and credit balances $ 103,704 $ 95,369 Customer advance payments 371,801 337,045 Derivative liabilities (Note 11) 193,572 243,068 Dividends and equity payable 632,336 600,000 Total other current liabilities $ 1,301,413 $ 1,275,482

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 127.6	$ 89.6
Contract liabilities	266.3		$ 248.8
Commodity Contract Asset, Current	$ 18.3		$ 34.7

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 9,294,112	$ 11,390,658
Energy
Disaggregation of Revenue [Line Items]
Revenues	2,131,159	2,717,940
Ag
Disaggregation of Revenue [Line Items]
Revenues	7,142,114	8,652,165
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	20,839	20,553
ASC Topic 606
Disaggregation of Revenue [Line Items]
Revenues	3,880,451	4,632,751
ASC Topic 606 | Energy
Disaggregation of Revenue [Line Items]
Revenues	1,891,088	2,399,552
ASC Topic 606 | Ag
Disaggregation of Revenue [Line Items]
Revenues	1,983,341	2,226,423
ASC Topic 606 | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	6,022	6,776
ASC Topic 815
Disaggregation of Revenue [Line Items]
Revenues	5,397,245	6,733,020
ASC Topic 815 | Energy
Disaggregation of Revenue [Line Items]
Revenues	240,071	318,388
ASC Topic 815 | Ag
Disaggregation of Revenue [Line Items]
Revenues	5,157,174	6,414,632
ASC Topic 815 | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Other Guidance
Disaggregation of Revenue [Line Items]
Revenues	16,416	24,887
Other Guidance | Energy
Disaggregation of Revenue [Line Items]
Revenues	0	0
Other Guidance | Ag
Disaggregation of Revenue [Line Items]
Revenues	1,599	11,110
Other Guidance | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	$ 14,817	$ 13,777

Receivables - Schedule of Recei

Receivables - Schedule of Receivables (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Receivables [Abstract]
Trade accounts receivable	$ 2,352,370	$ 2,232,203
CHS Capital short-term notes receivable	875,175	944,861
Other	588,209	452,662
Receivables, gross	3,815,754	3,629,726
Less: allowances and reserves	74,988	79,809
Total receivables	$ 3,740,766	$ 3,549,917

Receivables - Narrative (Detail

Receivables - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Notes Receivable, Long-Term
CHS Capital long-term notes receivable additional available credit of counterparty	$ 1,300
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	$ 123.5	$ 74.6
Commercial Notes to Notes and Loans Receivable, Net, Percentage	31%	18%
Producer Notes to Notes and Loans Receivable, Net, Percentage	69%	82%

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Inventory Disclosure [Abstract]
Grain and oilseed	$ 1,520,504	$ 888,768
Energy	847,001	720,636
Agronomy	1,198,902	1,126,916
Processed grain and oilseed	119,872	124,686
Other	215,015	206,409
Total inventories	$ 3,901,294	$ 3,067,415

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Nov. 30, 2024	Aug. 31, 2024
Inventory Disclosure [Abstract]
LIFO inventory, difference amount had FIFO inventory valuation method been used	$ 361.7	$ 456.3
Percentage of LIFO inventory	17%	18%
Inventory [Line Items]
Percentage of LIFO inventory	17%	18%

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Schedule of Equity Method Investments [Line Items]
Equity income from investments	$ (122,295)	$ (109,051)
Investments	3,864,186		$ 3,780,967
Cumulative undistributed earnings from equity medthod investees	$ 719,200
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	8.40%
Equity Method Investments	$ 2,601,348		2,544,530
Ventura Foods, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50%
Equity Method Investments	$ 512,370		511,231
Ardent Mills LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	12%
Equity Method Investments	$ 240,543		$ 234,021
Nitrogen Production [Member]
Schedule of Equity Method Investments [Line Items]
Equity income from investments	(56,817)	(63,263)
Corporate and Other
Schedule of Equity Method Investments [Line Items]
Equity income from investments	(34,426)	(28,401)
Ag
Schedule of Equity Method Investments [Line Items]
Equity income from investments	$ (31,899)	$ (19,220)

Investments Equity Method inves

Investments Equity Method investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Schedule of Equity Method Investments [Line Items]
Other Investments	$ 139,051		$ 137,772
Net income (loss) attributable to CHS Inc.	244,790	$ 522,923
Gross Profit	400,676	644,950
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	245,593	523,368
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	2,601,348		2,544,530
Ventura Foods, LLC
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	512,370		511,231
Ardent Mills LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	240,543		234,021
Other Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	370,874		$ 353,413
CF Nitrogen LLC [Member]
Schedule of Equity Method Investments [Line Items]
Net income (loss) attributable to CHS Inc.	56,817	63,263
Revenues	787,948	878,045
Gross Profit	215,712	272,024
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	199,497	263,315
Ventura Foods, LLC
Schedule of Equity Method Investments [Line Items]
Net income (loss) attributable to CHS Inc.	20,929	20,023
Revenues	798,723	825,773
Gross Profit	120,948	102,302
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 41,857	$ 40,045

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, 2024	Aug. 31, 2024
Debt Instrument [Line Items]
Notes payable	$ 331,689	$ 306,831
Notes payable [Member]
Debt Instrument [Line Items]
Notes payable	221,379	163,136
CHS Capital notes payable
Debt Instrument [Line Items]
Notes payable	$ 110,310	$ 143,695

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Oct. 29, 2024	Aug. 31, 2024
Debt Instrument [Line Items]
Interest expense	$ 27,648	$ 29,628
Capitalized interest	7,500	5,000
Interest Expense, Operating and Nonoperating	27,648	$ 29,628
Principal Amount Outstanding of Loans Held-in-portfolio	779,700
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	0			1,000
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	2,113,000			$ 2,113,000
Unsecured term loans
Debt Instrument [Line Items]
Long-term Debt	$ 0		$ 300,000

Equities Changes in Equity (Det

Equities Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	$ 10,761,924	$ 10,452,389
Reversal of prior year patronage and redemption estimates	9,831	11,236
Equity Certificates Repurchased and Retired During Period, Value	(9,831)	(11,236)
Dividends, Preferred Stock, Cash	(84,334)	(84,334)
Stockholders' Equity, Other	1,487	(336)
Net income (loss)	245,593	523,368
Net income (loss) attributable to CHS Inc.	244,790	522,923
Net income attributable to noncontrolling interests	803	445
Other Comprehensive Income (Loss), Net of Tax	(8,260)	(7,302)
Patronage Refunds, Estimated	(49,011)	(93,198)
Equity Redemptions, Estimate	(49,011)	(93,198)
Ending Balance	10,818,388	10,697,389
Capital equity certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	3,753,343	3,951,385
Reversal of prior year patronage and redemption estimates	9,831	11,236
Equity Certificates Repurchased and Retired During Period, Value	(7,138)	(8,287)
Stockholders' Equity, Other	(5)	34
Equity Redemptions, Estimate	(49,011)	(93,198)
Ending Balance	3,707,020	3,861,170
Nonpatronage Equity Certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	27,261	27,558
Reversal of prior year patronage and redemption estimates	0	0
Equity Certificates Repurchased and Retired During Period, Value	(156)	(67)
Stockholders' Equity, Other		(3)
Ending Balance	27,105	27,488
Non-qualified Equity Certificates [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	2,201,765	1,932,706
Reversal of prior year patronage and redemption estimates	0	0
Equity Certificates Repurchased and Retired During Period, Value	(2,537)	(2,882)
Stockholders' Equity, Other		44
Ending Balance	2,199,228	1,929,868
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	(296,542)	(265,395)
Other Comprehensive Income (Loss), Net of Tax	(8,260)	(7,302)
Ending Balance	(304,802)	(272,697)
Capital Reserves [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	2,805,526	2,537,486
Reversal of prior year patronage and redemption estimates	0	0
Dividends, Preferred Stock, Cash	(84,334)	(84,334)
Stockholders' Equity, Other	2,859	(1,281)
Net income (loss) attributable to CHS Inc.	244,790	522,923
Patronage Refunds, Estimated	(49,011)	(93,198)
Ending Balance	2,919,830	2,881,596
Noncontrolling Interest [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	6,533	4,611
Stockholders' Equity, Other	(1,367)	870
Net income attributable to noncontrolling interests	803	445
Ending Balance	$ 5,969	$ 5,926

Equities Accumulated Other Comp

Equities Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 10,761,924	$ 10,452,389
Other Comprehensive Income (Loss), Net of Tax	(8,260)	(7,302)
Ending Balance	10,818,388	10,697,389
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(195,973)	(173,925)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	2,805	23
Other Comprehensive Income (Loss), before Tax	2,805	23
Other Comprehensive Income (Loss), Tax	(687)	(6)
Other Comprehensive Income (Loss), Net of Tax	2,118	17
Ending Balance	(193,855)	(173,908)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	1,777	2,032
Other Comprehensive Income (Loss), before Reclassifications, before Tax	6,200	2,280
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(4,238)	(7,790)
Other Comprehensive Income (Loss), before Tax	1,962	(5,510)
Other Comprehensive Income (Loss), Tax	(481)	1,349
Other Comprehensive Income (Loss), Net of Tax	1,481	(4,161)
Ending Balance	3,258	(2,129)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(102,346)	(93,502)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(11,913)	(3,350)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Other Comprehensive Income (Loss), before Tax	(11,913)	(3,350)
Other Comprehensive Income (Loss), Tax	54	192
Other Comprehensive Income (Loss), Net of Tax	(11,859)	(3,158)
Ending Balance	(114,205)	(96,660)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(296,542)	(265,395)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(5,713)	(1,070)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(1,433)	(7,767)
Other Comprehensive Income (Loss), before Tax	(7,146)	(8,837)
Other Comprehensive Income (Loss), Tax	(1,114)	1,535
Other Comprehensive Income (Loss), Net of Tax	(8,260)	(7,302)
Ending Balance	$ (304,802)	$ (272,697)

Equities Dividends Per Share (D

Equities Dividends Per Share (Details) - $ / shares	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
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, 2024	Nov. 30, 2023
Qualified Pension Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	$ 10,932	$ 9,348
Interest cost	8,725	8,982
Expected return on assets	(11,744)	(11,965)
Prior service cost (credit) amortization	50	45
Actuarial loss (gain) amortization	3,204	449
Net periodic benefit cost (benefit)	11,167	6,859
Non-Qualified Pension Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	757	492
Interest cost	289	261
Expected return on assets	0	0
Prior service cost (credit) amortization	(12)	(29)
Actuarial loss (gain) amortization	200	95
Net periodic benefit cost (benefit)	1,234	819
Other Benefits
Component of net periodic benefit costs: [Abstract]
Service cost	211	163
Interest cost	285	286
Expected return on assets	0	0
Prior service cost (credit) amortization	(111)	(111)
Actuarial loss (gain) amortization	(309)	(404)
Net periodic benefit cost (benefit)	$ 76	$ (66)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	5.10%	(1.30%)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 68.8		$ 65.1

Segment Reporting - Segment Inf

Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Segment Reporting Information [Line Items]
Revenues	$ 9,294,112	$ 11,390,658
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	9,294,112	11,390,658
Operating earnings (loss)	137,826	392,894
Interest Expense, Operating and Nonoperating	27,648	29,628
Other income	(26,364)	(44,529)
Equity income from investments	(122,295)	(109,051)
Income before income taxes	258,837	516,846
Total assets	$ 19,576,088		$ 18,715,075
CF Nitrogen LLC [Member]
Segment Reporting Information [Line Items]
Ownership percentage	8.40%
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	$ 2,279,053	2,919,123
Revenues	2,131,159	2,717,940
Intersegment Revenue	(147,894)	(201,183)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	2,131,159	2,717,940
Operating earnings (loss)	14,094	258,847
Interest Expense, Operating and Nonoperating	(2,185)	(8,542)
Other income	(4,331)	(1,279)
Equity income from investments	847	1,833
Income before income taxes	19,763	266,835
Total assets	4,305,638
Ag
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	7,143,859	8,660,108
Revenues	7,142,114	8,652,165
Intersegment Revenue	(1,745)	(7,943)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	7,142,114	8,652,165
Operating earnings (loss)	134,704	140,341
Interest Expense, Operating and Nonoperating	16,662	15,957
Other income	(16,711)	(26,116)
Equity income from investments	(31,899)	(19,220)
Income before income taxes	166,652	169,720
Total assets	8,536,442
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)	(17,063)	(16,195)
Interest Expense, Operating and Nonoperating	18,154	10,609
Other income	(3,641)	0
Equity income from investments	(56,817)	(63,263)
Income before income taxes	25,241	36,459
Total assets	2,601,348
Corporate and Other
Segment Reporting Information [Line Items]
Revenues, including intersegment revenues	26,558	25,367
Revenues	20,839	20,553
Intersegment Revenue	(5,719)	(4,814)
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	20,839	20,553
Operating earnings (loss)	6,091	9,901
Interest Expense, Operating and Nonoperating	776	16,989
Other income	(7,440)	(22,519)
Equity income from investments	(34,426)	(28,401)
Income before income taxes	47,181	43,832
Total assets	4,132,660
Other Operating Segment
Segment Reporting Information [Line Items]
Revenues	(155,358)	(213,940)
Intersegment Revenue	155,358	213,940
Revenue From Contract With Customer Net of Intersegment Revenue Excluding Assessed Tax	0	0
Operating earnings (loss)	0	0
Interest Expense, Operating and Nonoperating	(5,759)	(5,385)
Other income	5,759	5,385
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, 2024	Aug. 31, 2024
Reconciliation of gross and net fair value of assets and liabilities subject to offsetting arrangements [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 186,704	$ 174,738
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	170,169	165,116
Derivative Liability, Fair Value, Gross Liability	196,104	246,279
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	176,654	235,056
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	170,286	165,709
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	166,797	163,187
Derivative Liability, Fair Value, Gross Liability	154,214	221,803
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	147,810	217,680
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	16,418	9,029
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	3,372	1,929
Derivative Liability, Fair Value, Gross Liability	41,890	24,476
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ 28,844	$ 17,376

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Purchase and Sale Contracts (Details) - Not Designated as Hedging Instrument T in Thousands, MMBtu in Thousands, Bushels in Thousands, Barrels in Thousands	Nov. 30, 2024 Barrels T MMBtu Bushels	Aug. 31, 2024 T MMBtu Bushels Barrels
Grain and oilseed (bushels) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Bushels	429,549	385,426
Grain and oilseed (bushels) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Bushels	725,393	517,883
Energy products (barrels) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Barrels	8,301	8,438
Energy products (barrels) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | Barrels	5,740	5,014
Processed grain and oilseed (tons) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	2,857	3,600
Processed grain and oilseed (tons) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	4,945	6,193
Crop nutrients (tons) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	77	73
Crop nutrients (tons) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	27	14
Natural gas (metric million Btu) | Long [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | MMBtu	1,320	2,350
Natural gas (metric million Btu) | Short [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | MMBtu	300	500

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, 2024 USD ($) bbl	Aug. 31, 2024 USD ($) bbl
Derivative [Line Items]
Derivative Liability, Noncurrent	$ 5,000	$ 6,000
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	170,169	165,116
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	16,535	9,622
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	176,654	235,056
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	1,499	1,601
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	17,951	9,622
Derivative Asset, Noncurrent, Excluding Fair Value Hedges	2,200	2,900
Foreign exchange derivatives | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	3,372	1,929
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	13,046	7,100
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	28,844	17,376
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	13,046	7,100
Derivative, Notional Amount	1,400,000	1,500,000
Commodity derivatives | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	166,797	163,187
Derivative Asset, Fair Value, Gross Amount Not Offset on Balance Sheet	3,489	2,522
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	147,810	217,680
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	1,499	1,601
Derivative Liability, Fair Value, Gross Amount Not Offset on Balance Sheet	$ 4,905	$ 2,522
Cash Flow Hedging
Derivative [Line Items]
Aggregate notional amount of cash flow hedges (in barrels) | bbl	6.6	5.5

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, 2024	Nov. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 61,356	$ 4,397
Commodity derivatives | Cost of goods sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	72,456	8,184
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	(8,841)	(4,607)
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	$ (2,259)	$ 820

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, 2024	Aug. 31, 2024
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 196,104	$ 246,279

Derivative Financial Instrume_8

Derivative Financial Instruments and Hedging Activities - Schedule of Derivative Instruments, Effect on Earnings (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 186,704	$ 174,738

Derivative Financial Instrume_9

Derivative Financial Instruments and Hedging Activities - Fair Value of Commodity Derivative Instruments (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 196,104	$ 246,279
Derivative Asset, Fair Value, Gross Asset	186,704	174,738
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	2,432	2,781
Derivative Asset, Fair Value, Gross Asset	$ 6,700	$ 5,226

Derivative Financial Instrum_10

Derivative Financial Instruments and Hedging Activities - Commodity Derivatives (Details) - Commodity derivatives - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cost of goods sold
Derivative [Line Items]
Pretax gains (losses) reclassified from AOCI related to cash flow hedges	$ 4,529	$ 8,082
Cash Flow Hedging
Derivative [Line Items]
Pretax gains (losses) recorded in OCI related to cash flow hedges	$ 1,823	$ (6,310)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Nov. 30, 2024	Aug. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	$ 150,169	$ 151,327
Deposits, Fair Value Disclosure	345,152	500,921
Other assets	156,720	83,008
Total assets	845,445	915,220
Foreign exchange derivatives		24,476
Total liabilities	198,536	249,060
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	15,114	15,069
Deposits, Fair Value Disclosure	0	0
Other assets	156,720	83,008
Total assets	172,438	100,531
Foreign exchange derivatives		0
Total liabilities	2,792	1,641
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Segregated under Other Regulations	135,055	136,258
Deposits, Fair Value Disclosure	345,152	500,921
Other assets	0	0
Total assets	673,007	814,689
Foreign exchange derivatives		24,476
Total liabilities	195,744	247,419
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
Deposits, Fair Value Disclosure	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	176,986	170,935
Derivative Liability	156,646	224,584
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	604	2,454
Derivative Liability	2,792	1,641
Commodity derivatives | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	176,382	168,481
Derivative Liability	153,854	222,943
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	16,418	9,029
Foreign exchange derivatives	41,890
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	16,418	9,029
Foreign exchange derivatives	41,890
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, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Guarantor obligations, maximum exposure, undiscounted	$ 165.9
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, 2024	Aug. 31, 2024
Other current assets and liabilities [Abstract]
Derivative assets (Note 11)	$ 191,204	$ 177,111
Margin and related deposits	184,369	176,821
Prepaid Expense	188,360	202,392
Supplier advance payments	251,801	133,678
Restricted cash	84,125	78,997
Other	20,662	26,666
Other current assets	1,265,673	1,296,586
Customer margin deposits and credit balances	103,704	95,369
Customer advance payments	371,801	337,045
Derivative liabilities (Note 11)	193,572	243,068
Dividends and equities payable	632,336	600,000
Other Liabilities, Current	1,301,413	1,275,482
Short-Term Investments	$ 345,152	$ 500,921