| 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, 2021, net of tax | $ | (141,385) | | | $ | 4,824 | | | $ | (79,830) | | | $ | (216,391) | | Other comprehensive income (loss), before tax: | | | | | | | | Amounts before reclassifications | (83) | | | 870 | | | (9,983) | | | (9,196) | | Amounts reclassified | 5,064 | | | (12,954) | | | — | | | (7,890) | | | Total other comprehensive income (loss), before tax | 4,981 | | | (12,084) | | | (9,983) | | | (17,086) | | Tax effect | (1,213) | | | 2,943 | | | (62) | | | 1,668 | | | Other comprehensive income (loss), net of tax | 3,768 | | | (9,141) | | | (10,045) | | | (15,418) | | |
| Balance as of November 30, 2021, net of tax | $ | (137,617) | | | $ | (4,317) | | | $ | (89,875) | | | $ | (231,809) | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | 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) | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Stockholders Equity |
Changes in equities for the three months ended November 30, 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, 2021 | $ | 3,583,911 | | | $ | 28,431 | | | $ | 1,634,896 | | | $ | 2,264,038 | | | $ | (216,391) | | | $ | 1,713,976 | | | $ | 8,465 | | | $ | 9,017,326 | | Reversal of prior year redemption estimates | 12,221 | | | — | | | — | | | — | | | — | | | — | | | — | | | 12,221 | | |
Redemptions of equities | (9,824) | | | (318) | | | (2,079) | | | — | | | — | | | — | | | — | | | (12,221) | | Preferred stock dividends | — | | | — | | | — | | | — | | | — | | | (84,334) | | | — | | | (84,334) | | Other, net | (1,023) | | | 17 | | | (64) | | | — | | | — | | | 1,393 | | | (841) | | | (518) | | | Net income (loss) | — | | | — | | | — | | | — | | | — | | | 451,961 | | | (18) | | | 451,943 | | | Other comprehensive loss, net of tax | — | | | — | | | — | | | — | | | (15,418) | | | — | | | — | | | (15,418) | | | Estimated 2022 cash patronage refunds | — | | | — | | | — | | | — | | | — | | | (39,691) | | | — | | | (39,691) | | | Estimated 2022 equity redemptions | (79,382) | | | — | | | — | | | — | | | — | | | — | | | — | | | (79,382) | | | Balances, November 30, 2021 | $ | 3,505,903 | | | $ | 28,130 | | | $ | 1,632,753 | | | $ | 2,264,038 | | | $ | (231,809) | | | $ | 2,043,305 | | | $ | 7,606 | | | $ | 9,249,926 | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|