v3.26.1
Revenues
 6 Months Ended
Feb. 28, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
    The following table presents revenues recognized under ASC Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by operating 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 and six months ended February 28, 2026 and 2025. 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 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended February 28, 2026(Dollars in thousands)
Energy$1,838,603 $252,966 $— $2,091,569 
Grains430,139 4,744,203 2,746 5,177,088 
Agronomy1,032,073 — — 1,032,073 
Corporate and Services36,989 — 16,072 53,061 
Total revenues$3,337,804 $4,997,169 $18,818 $8,353,791 
Three Months Ended February 28, 2025*
Energy$1,656,759 $158,083 $— $1,814,842 
Grains509,441 4,465,401 1,143 4,975,985 
Agronomy945,109 — — 945,109 
Corporate and Services46,287 — 13,968 60,255 
Total revenues$3,157,596 $4,623,484 $15,111 $7,796,191 
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Six Months Ended February 28, 2026(Dollars in thousands)
Energy$4,004,742 $451,704 $— $4,456,446 
Grains940,374 9,447,883 4,185 10,392,442 
Agronomy2,270,078 — — 2,270,078 
Corporate and Services67,453 — 31,476 98,929 
Total revenues$7,282,647 $9,899,587 $35,661 $17,217,895 
Six Months Ended February 28, 2025*
Energy$3,693,591 $417,721 $— $4,111,312 
Grains1,049,407 9,603,008 2,742 10,655,157 
Agronomy2,209,143 — — 2,209,143 
Corporate and Services85,906 — 28,785 114,691 
Total revenues$7,038,047 $10,020,729 $31,527 $17,090,303 
*Prior period amounts have been recast to align with our new product-line operating model.

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 $34.0 million and $11.8 million as of February 28, 2026, and August 31, 2025, respectively.

Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $731.7 million and $179.6 million as of February 28, 2026, and August 31, 2025, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended February 28, 2026 and 2025, we recognized revenues of $33.1 million and $38.7 million related to contract liabilities, respectively. For the six months ended February 28, 2026 and 2025, we recognized revenues of $109.6 million and $166.3
million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.