| 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, 2020, net of tax | $ | (159,680) | | | $ | 10,886 | | | $ | (85,130) | | | $ | (233,924) | | Other comprehensive income (loss), before tax: | | | | | | | | Amounts before reclassifications | (125) | | | 14,506 | | | 3,629 | | | 18,010 | | Amounts reclassified | 4,977 | | | (12,284) | | | — | | | (7,307) | | | Total other comprehensive income, before tax | 4,852 | | | 2,222 | | | 3,629 | | | 10,703 | | Tax effect | (1,207) | | | (553) | | | (26) | | | (1,786) | | | Other comprehensive income, net of tax | 3,645 | | | 1,669 | | | 3,603 | | | 8,917 | | |
| Balance as of November 30, 2020, net of tax | $ | (156,035) | | | $ | 12,555 | | | $ | (81,527) | | | $ | (225,007) | | Other comprehensive income (loss), before tax: | | | | | | | | Amounts before reclassifications | — | | | 2,929 | | | (587) | | | 2,342 | | Amounts reclassified | 5,151 | | | (3,673) | | | — | | | 1,478 | | Total other comprehensive income (loss), before tax | 5,151 | | | (744) | | | (587) | | | 3,820 | | Tax effect | (1,282) | | | 185 | | | (174) | | | (1,271) | | | Other comprehensive income (loss), net of tax | 3,869 | | | (559) | | | (761) | | | 2,549 | | | Balance as of February 28, 2021, net of tax | $ | (152,166) | | | $ | 11,996 | | | $ | (82,288) | | | $ | (222,458) | | | Other comprehensive income (loss), before tax: | | | | | | | | | Amounts before reclassifications | 112 | | | (4,725) | | | 8,398 | | | 3,785 | | | Amounts reclassified | 5,064 | | | (1,919) | | | — | | | 3,145 | | | Total other comprehensive income (loss), before tax | 5,176 | | | (6,644) | | | 8,398 | | | 6,930 | | | Tax effect | (1,288) | | | 1,653 | | | (180) | | | 185 | | | Other comprehensive income (loss), net of tax | 3,888 | | | (4,991) | | | 8,218 | | | 7,115 | | | Balance as of May 31, 2021, net of tax | $ | (148,278) | | | $ | 7,005 | | | $ | (74,070) | | | $ | (215,343) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Pension and Other Postretirement Benefits | | Cash Flow Hedges | | Foreign Currency Translation Adjustment | | Total | | (Dollars in thousands) | | Balance as of August 31, 2019, net of tax | $ | (172,478) | | | $ | 15,297 | | | $ | (69,752) | | | $ | (226,933) | | Other comprehensive income (loss), before tax: | | | | | | | | Amounts before reclassifications | (85) | | | (3,331) | | | (2,411) | | | (5,827) | | Amounts reclassified | 4,977 | | | (4,473) | | | — | | | 504 | | Total other comprehensive income (loss), before tax | 4,892 | | | (7,804) | | | (2,411) | | | (5,323) | | Tax effect | 181 | | | 1,932 | | | 1,572 | | | 3,685 | | | Other comprehensive income (loss), net of tax | 5,073 | | | (5,872) | | | (839) | | | (1,638) | | | Balance as of November 30, 2019, net of tax | $ | (167,405) | | | $ | 9,425 | | | $ | (70,591) | | | $ | (228,571) | | Other comprehensive income (loss), before tax: | | | | | | | | Amounts before reclassifications | — | | | (5,975) | | | (8,540) | | | (14,515) | | Amounts reclassified | 4,977 | | | (1,747) | | | — | | | 3,230 | | Total other comprehensive income (loss), before tax | 4,977 | | | (7,722) | | | (8,540) | | | (11,285) | | Tax effect | (1,231) | | | 1,910 | | | 21 | | | 700 | | | Other comprehensive income (loss), net of tax | 3,746 | | | (5,812) | | | (8,519) | | | (10,585) | | | Balance as of February 29, 2020, net of tax | $ | (163,659) | | | $ | 3,613 | | | $ | (79,110) | | | $ | (239,156) | | | Other comprehensive income (loss), before tax: | | | | | | | | | Amounts before reclassifications | (340) | | | 7,795 | | | (12,515) | | | (5,060) | | | Amounts reclassified | 4,977 | | | 1,263 | | | — | | | 6,240 | | | Total other comprehensive income (loss), before tax | 4,637 | | | 9,058 | | | (12,515) | | | 1,180 | | | Tax effect | (1,147) | | | (2,241) | | | 199 | | | (3,189) | | | Other comprehensive income (loss), net of tax | 3,490 | | | 6,817 | | | (12,316) | | | (2,009) | | | Balance as of May 31, 2020, net of tax | $ | (160,169) | | | $ | 10,430 | | | $ | (91,426) | | | $ | (241,165) | |
|
| Schedule of Stockholders Equity |
Changes in equities for the three and nine months ended May 31, 2021 and 2020, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity Certificates | | | | Accumulated Other Comprehensive Loss | | | | | | | | Capital Equity Certificates | | Nonpatronage Equity Certificates | | Nonqualified Equity Certificates | | Preferred Stock | | | Capital Reserves | | Noncontrolling Interests | | Total Equities | | | (Dollars in thousands) | | Balances, August 31, 2020 | $ | 3,724,187 | | | $ | 28,727 | | | $ | 1,408,696 | | | $ | 2,264,038 | | | $ | (233,924) | | | $ | 1,618,147 | | | $ | 9,302 | | | $ | 8,819,173 | | Reversal of prior year redemption estimates | 7,726 | | | — | | | — | | | — | | | — | | | — | | | — | | | 7,726 | | |
Redemptions of equities | (6,539) | | | (31) | | | (1,156) | | | — | | | — | | | — | | | — | | | (7,726) | | Preferred stock dividends | — | | | — | | | — | | | — | | | — | | | (84,334) | | | — | | | (84,334) | | Other, net | (654) | | | (47) | | | (197) | | | — | | | — | | | (7,798) | | | 35 | | | (8,661) | | | Net income (loss) | — | | | — | | | — | | | — | | | — | | | 69,671 | | | (302) | | | 69,369 | | | Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | 8,917 | | | — | | | — | | | 8,917 | | | Estimated 2021 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | (9,304) | | | — | | | (9,304) | | | Estimated 2021 equity redemptions | (9,304) | | | — | | | — | | | — | | | — | | | — | | | — | | | (9,304) | | | Balances, November 30, 2020 | $ | 3,715,416 | | | $ | 28,649 | | | $ | 1,407,343 | | | $ | 2,264,038 | | | $ | (225,007) | | | $ | 1,586,382 | | | $ | 9,035 | | | $ | 8,785,856 | | | Reversal of prior year patronage and redemption estimates | 4,760 | | | — | | | (211,970) | | | — | | | — | | | 233,345 | | | — | | | 26,135 | | | Distribution of 2020 patronage refunds | — | | | — | | | 214,720 | | | — | | | — | | | (236,136) | | | — | | | (21,416) | | | Redemptions of equities | (4,177) | | | (35) | | | (548) | | | — | | | — | | | — | | | — | | | (4,760) | | | Preferred stock dividends | — | | | — | | | — | | | — | | | — | | | (42,167) | | | — | | | (42,167) | | | Other, net | (26) | | | — | | | (15) | | | — | | | — | | | 1,068 | | | (361) | | | 666 | | | Net loss | — | | | — | | | — | | | — | | | — | | | (38,229) | | | (129) | | | (38,358) | | | Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | 2,549 | | | — | | | — | | | 2,549 | | | Estimated 2021 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | 5,639 | | | — | | | 5,639 | | | Estimated 2021 equity redemptions | 5,639 | | | — | | | — | | | — | | | — | | | — | | | — | | | 5,639 | | | Balances, February 28, 2021 | $ | 3,721,612 | | | $ | 28,614 | | | $ | 1,409,530 | | | $ | 2,264,038 | | | $ | (222,458) | | | $ | 1,509,902 | | | $ | 8,545 | | | $ | 8,719,783 | | | Reversal of prior year redemption estimates | 15,514 | | | — | | | 5,000 | | | — | | | — | | | 8,625 | | | — | | | 29,139 | | | Distribution of 2020 patronage refunds | — | | | — | | | 7 | | | — | | | — | | | (8,632) | | | — | | | (8,625) | | | Redemptions of equities | (19,275) | | | (35) | | | (6,013) | | | — | | | — | | | — | | | — | | | (25,323) | | |
| Other, net | (298) | | | 43 | | | 58 | | | — | | | — | | | (1,726) | | | (61) | | | (1,984) | | | Net income | — | | | — | | | — | | | — | | | — | | | 273,591 | | | 81 | | | 273,672 | | | Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | 7,115 | | | — | | | — | | | 7,115 | | | Estimated 2021 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | (21,292) | | | — | | | (21,292) | | | Estimated 2021 equity redemptions | (21,292) | | | — | | | — | | | — | | | — | | | — | | | — | | | (21,292) | | | Balances, May 31, 2021 | $ | 3,696,261 | | | $ | 28,622 | | | $ | 1,408,582 | | | $ | 2,264,038 | | | $ | (215,343) | | | $ | 1,760,468 | | | $ | 8,565 | | | $ | 8,951,193 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity Certificates | | | | Accumulated Other Comprehensive Loss | | | | | | | | Capital Equity Certificates | | Nonpatronage Equity Certificates | | Nonqualified Equity Certificates | | Preferred Stock | | | Capital Reserves | | Noncontrolling Interests | | Total Equities | | | (Dollars in thousands) | | Balances, August 31, 2019 | $ | 3,753,493 | | | $ | 29,074 | | | $ | 1,206,310 | | | $ | 2,264,038 | | | $ | (226,933) | | | $ | 1,584,158 | | | $ | 7,390 | | | $ | 8,617,530 | | Reversal of prior year redemption estimates | 5,447 | | | — | | | — | | | — | | | — | | | — | | | — | | | 5,447 | | Redemptions of equities | (4,721) | | | (54) | | | (672) | | | — | | | — | | | — | | | — | | | (5,447) | | Preferred stock dividends | — | | | — | | | — | | | — | | | — | | | (84,334) | | | — | | | (84,334) | | ASC Topic 842 cumulative-effect adjustment | — | | | — | | | — | | | — | | | — | | | 33,707 | | | — | | | 33,707 | | Other, net | (8) | | | — | | | (39) | | | — | | | — | | | (1,312) | | | 410 | | | (949) | | | Net income | — | | | — | | | — | | | — | | | — | | | 177,882 | | | 855 | | | 178,737 | | | Other comprehensive loss, net of tax | — | | | — | | | — | | | — | | | (1,638) | | | — | | | — | | | (1,638) | | Estimated 2020 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | (28,504) | | | — | | | (28,504) | | Estimated 2020 equity redemptions | (91,633) | | | — | | | — | | | — | | | — | | | — | | | — | | | (91,633) | | | Balances, November 30, 2019 | $ | 3,662,578 | | | $ | 29,020 | | | $ | 1,205,599 | | | $ | 2,264,038 | | | $ | (228,571) | | | $ | 1,681,597 | | | $ | 8,655 | | | $ | 8,622,916 | | | Reversal of prior year patronage and redemption estimates | 3,387 | | | — | | | (472,398) | | | — | | | — | | | 562,398 | | | — | | | 93,387 | | | Distribution of 2019 patronage refunds | — | | | — | | | 474,066 | | | — | | | — | | | (564,096) | | | — | | | (90,030) | | | Redemptions of equities | (2,998) | | | (20) | | | (369) | | | — | | | — | | | — | | | — | | | (3,387) | | | Preferred stock dividends | — | | | — | | | — | | | — | | | — | | | (42,167) | | | — | | | (42,167) | | | Other, net | (201) | | | — | | | 3 | | | — | | | — | | | 10 | | | (324) | | | (512) | | | Net income | — | | | — | | | — | | | — | | | — | | | 125,447 | | | 247 | | | 125,694 | | | Other comprehensive loss, net of tax | — | | | — | | | — | | | — | | | (10,585) | | | — | | | — | | | (10,585) | | | Estimated 2020 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | (22,206) | | | — | | | (22,206) | | | Estimated 2020 equity redemptions | (49,154) | | | — | | | — | | | — | | | — | | | — | | | — | | | (49,154) | | | Balances, February 29, 2020 | $ | 3,613,612 | | | $ | 29,000 | | | $ | 1,206,901 | | | $ | 2,264,038 | | | $ | (239,156) | | | $ | 1,740,983 | | | $ | 8,578 | | | $ | 8,623,956 | | | Reversal of prior year redemption estimates | 67,438 | | | — | | | 10,000 | | | — | | | — | | | — | | | — | | | 77,438 | | | Distribution of 2019 patronage refunds | — | | | — | | | 327 | | | — | | | — | | | (409) | | | — | | | (82) | | | Redemptions of equities | (64,273) | | | (91) | | | (13,074) | | | — | | | — | | | — | | | — | | | (77,438) | | |
| Other, net | (1,544) | | | (7) | | | (116) | | | — | | | — | | | 1,053 | | | 8 | | | (606) | | | Net income (loss) | — | | | — | | | — | | | — | | | — | | | 97,648 | | | (147) | | | 97,501 | | | Other comprehensive loss, net of tax | — | | | — | | | — | | | — | | | (2,009) | | | — | | | — | | | (2,009) | | | Estimated 2020 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | 13,551 | | | — | | | 13,551 | | | Estimated 2020 equity redemptions | 47,975 | | | — | | | — | | | — | | | — | | | — | | | — | | | 47,975 | | | Balances, May 31, 2020 | $ | 3,663,208 | | | $ | 28,902 | | | $ | 1,204,038 | | | $ | 2,264,038 | | | $ | (241,165) | | | $ | 1,852,826 | | | $ | 8,439 | | | $ | 8,780,286 | |
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