CHS INC | 2013 | FY | 3


Fair value measurements at August 31, 2013 and 2012 are as follows:
 
2013
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(Dollars in thousands)
Assets:
 

 
 

 
 
 
 

    Readily marketable inventories


 
$
1,203,383

 

 
$
1,203,383

    Commodity and freight derivatives
$
58,441

 
410,233

 

 
468,674

    Interest rate swap derivatives
 
 
24,139

 
 
 
24,139

    Foreign currency derivatives
6,894

 
185

 

 
7,079

    Other assets
114,084

 


 

 
114,084

 
$
179,419

 
$
1,637,940

 

 
$
1,817,359

Liabilities:
 

 
 

 
 
 
 

    Commodity and freight derivatives
$
59,184

 
$
399,710

 

 
$
458,894

    Interest rate swap derivatives


 
248

 

 
248

    Foreign currency derivatives
5,925

 


 

 
5,925

    Accrued liability for contingent crack spread payments
related to purchase of noncontrolling interests


 


 
$
134,134

 
134,134

 
$
65,109

 
$
399,958

 
$
134,134

 
$
599,201


 
2012
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
(Dollars in thousands)
Assets:
 

 
 

 
 
 
 

    Readily marketable inventories


 
$
1,702,757

 

 
$
1,702,757

    Commodity and freight derivatives
$
122,013

 
948,787

 

 
1,070,800

    Foreign currency derivatives
978

 


 

 
978

    Other assets
75,000

 


 

 
75,000

 
$
197,991

 
$
2,651,544

 

 
$
2,849,535

Liabilities:
 

 
 

 
 
 
 

    Commodity and freight derivatives
$
201,475

 
$
645,452

 

 
$
846,927

    Interest rate swap derivatives
 
 
544

 
 
 
544

    Foreign currency derivatives
2,388

 
 
 
 
 
2,388

    Accrued liability for contingent crack spread payments
related to purchase of noncontrolling interests


 


 
$
127,516

 
127,516

 
$
203,863

 
$
645,996

 
$
127,516

 
$
977,375



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