v3.26.3
DERIVATIVES (Tables)
 12 Months Ended
Aug. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Commodity Contract Commitments
The following table provides information regarding the Company's commodity contract commitments as of August 31, 2026:
CommodityPositionTotal
CopperLong3,912  MT
CopperShort10,479  MT
ElectricityLong2,533,000 MW(h)
Natural GasLong4,662,000 MMBtu
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MT = Metric ton
MW(h) = Megawatt hour
MMBtu = Million British thermal units
The following table summarizes the effects of derivatives not designated as hedging instruments on the consolidated statements of earnings. All other activity related to these derivatives was immaterial for the periods presented.
Year Ended August 31,
Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands)Primary Location202620252024
CommodityCost of goods sold$(29,638)$1,928 $(10,195)
Foreign exchangeSG&A expenses(2,745)11,865 6,974 

The following table summarizes the effects of derivatives designated as cash flow hedging instruments on the consolidated statements of comprehensive income and consolidated statements of earnings. The amounts presented exclude the effects of foreign currency translation adjustments. All other activity related to these derivatives was immaterial for the periods presented.
Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Gain (Loss) Recognized in OCI, Net of Income Taxes (in thousands)Year Ended August 31,
202620252024
Commodity$19,422 $16,926 $(129,709)

Gain on Derivatives Designated as Cash Flow Hedging Instruments Reclassified from AOCL into Net Earnings (in thousands)Year Ended August 31,
Primary Location202620252024
CommodityCost of goods sold$12,973 $6,661 $2,031 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following table summarizes the location and fair value amounts of the Company's derivative instruments as reported in the consolidated balance sheets:
(in thousands)Primary LocationAugust 31, 2026August 31, 2025
Derivative assets:
CommodityPrepaid and other current assets$13,960 $14,957 
CommodityOther noncurrent assets51,372 43,944 
Foreign exchangePrepaid and other current assets145 4,809 
Derivative liabilities:
CommodityOther accrued expenses and payables$5,372 $282 
CommodityOther noncurrent liabilities151 — 
Foreign exchangeOther accrued expenses and payables1,247 809 
Foreign exchangeOther noncurrent liabilities— 12