| Shares Held for Deferred Compensation Plans |
Balances related to shares held for deferred compensation plans were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands, except share amounts) |
|
June 2018 |
|
|
March 2018 |
|
June 2017 |
Shares held for deferred compensation plans |
|
210,124 |
|
|
|
284,785 |
|
|
343,975 |
|
Cost of shares held for deferred compensation plans |
|
$ |
2,663 |
|
|
|
$ |
3,621 |
|
|
$ |
4,167 |
|
|
| Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI |
The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
June 2018 |
|
|
March 2018 |
|
June 2017 |
Foreign currency translation and other |
|
$ |
(651,739 |
) |
|
|
$ |
(476,869 |
) |
|
$ |
(633,209 |
) |
Defined benefit pension plans |
|
(230,517 |
) |
|
|
(289,618 |
) |
|
(275,089 |
) |
Derivative financial instruments |
|
178 |
|
|
|
(97,543 |
) |
|
(22,299 |
) |
Accumulated other comprehensive income (loss) |
|
$ |
(882,078 |
) |
|
|
$ |
(864,030 |
) |
|
$ |
(930,597 |
) |
The changes in accumulated OCI, net of related taxes, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2018 |
(In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
Balance, March 2018 |
$ |
(476,869 |
) |
|
$ |
(289,618 |
) |
|
$ |
(97,543 |
) |
|
$ |
(864,030 |
) |
Other comprehensive income (loss) before reclassifications |
(174,870 |
) |
|
40,228 |
|
|
83,271 |
|
|
(51,371 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
18,873 |
|
|
14,450 |
|
|
33,323 |
|
Net other comprehensive income (loss) |
(174,870 |
) |
|
59,101 |
|
|
97,721 |
|
|
(18,048 |
) |
Balance, June 2018 |
$ |
(651,739 |
) |
|
$ |
(230,517 |
) |
|
$ |
178 |
|
|
$ |
(882,078 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2017 |
(In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
Balance, March 2017 |
$ |
(742,281 |
) |
|
$ |
(281,721 |
) |
|
$ |
35,962 |
|
|
$ |
(988,040 |
) |
Other comprehensive income (loss) before reclassifications |
109,072 |
|
|
— |
|
|
(48,476 |
) |
|
60,596 |
|
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
6,632 |
|
|
(9,785 |
) |
|
(3,153 |
) |
Net other comprehensive income (loss) |
109,072 |
|
|
6,632 |
|
|
(58,261 |
) |
|
57,443 |
|
Balance, June 2017 |
$ |
(633,209 |
) |
|
$ |
(275,089 |
) |
|
$ |
(22,299 |
) |
|
$ |
(930,597 |
) |
|
| Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCI are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
|
Affected Line Item in the Consolidated Statements of Income |
|
|
Three Months Ended June |
| |
| |
|
|
2018 |
|
|
2017 |
| |
Amortization of defined benefit pension plans: |
|
|
|
|
|
|
| |
Net deferred actuarial losses |
Other income (expense), net |
|
|
$ |
(8,822 |
) |
|
|
$ |
(10,002 |
) |
| |
Deferred prior service costs |
Other income (expense), net |
|
|
(669 |
) |
|
|
(645 |
) |
| |
Pension curtailment losses and settlement charges |
Other income (expense), net |
|
|
(16,325 |
) |
|
|
— |
|
| |
Total before tax |
|
|
|
(25,816 |
) |
|
|
(10,647 |
) |
| |
Tax benefit |
|
|
|
6,943 |
|
|
|
4,015 |
|
| |
Net of tax |
|
|
|
(18,873 |
) |
|
|
(6,632 |
) |
| |
Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
| |
Foreign exchange contracts |
Net sales |
|
|
945 |
|
|
|
7,047 |
|
| |
Foreign exchange contracts |
Cost of goods sold |
|
|
(11,938 |
) |
|
|
5,653 |
|
| |
Foreign exchange contracts |
Selling, general and administrative expenses |
|
|
(2,698 |
) |
|
|
(243 |
) |
| |
Foreign exchange contracts |
Other income (expense), net |
|
|
(1,393 |
) |
|
|
37 |
|
| |
Interest rate contracts |
Interest expense |
|
|
(1,233 |
) |
|
|
(1,175 |
) |
| |
Total before tax |
|
|
|
(16,317 |
) |
|
|
11,319 |
|
| |
Tax benefit (expense) |
|
|
|
1,867 |
|
|
|
(1,534 |
) |
| |
Net of tax |
|
|
|
(14,450 |
) |
|
|
9,785 |
|
| |
Total reclassifications for the period, net of tax |
|
|
$ |
(33,323 |
) |
|
|
$ |
3,153 |
|
|