| Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCL in Stockholders' Equity and Changes in AOCL |
The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated other comprehensive loss ("OCL") in stockholders’ equity, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
June 2025 |
|
|
March 2025 |
|
June 2024 |
| Foreign currency translation and other |
|
$ |
(763,627) |
|
|
|
$ |
(821,189) |
|
|
$ |
(887,892) |
|
| Defined benefit pension plans |
|
(176,910) |
|
|
|
(180,047) |
|
|
(178,701) |
|
| Derivative financial instruments |
|
(96,887) |
|
|
|
23,496 |
|
|
12,966 |
|
| Accumulated other comprehensive loss |
|
$ |
(1,037,424) |
|
|
|
$ |
(977,740) |
|
|
$ |
(1,053,627) |
|
The changes in accumulated OCL, net of related taxes, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Three Months Ended June 2025 |
|
| (In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, March 2025 |
$ |
(821,189) |
|
|
$ |
(180,047) |
|
|
$ |
23,496
|
|
|
$ |
(977,740) |
|
|
Other comprehensive income (loss) before reclassifications |
57,562 |
|
|
10 |
|
|
(109,312) |
|
|
(51,740) |
|
|
Amounts reclassified from accumulated other comprehensive loss |
— |
|
|
3,127 |
|
|
(11,071) |
|
|
(7,944) |
|
|
Net other comprehensive income (loss) |
57,562 |
|
|
3,137 |
|
|
(120,383) |
|
|
(59,684) |
|
|
| Balance, June 2025 |
$ |
(763,627) |
|
|
$ |
(176,910) |
|
|
$ |
(96,887) |
|
|
$ |
(1,037,424) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Three Months Ended June 2024 |
|
| (In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, March 2024 |
$ |
(868,439) |
|
|
$ |
(182,333) |
|
|
$ |
(13,559) |
|
|
$ |
(1,064,331) |
|
|
Other comprehensive income (loss) before reclassifications |
(19,453) |
|
|
(10) |
|
|
15,785 |
|
|
(3,678) |
|
|
Amounts reclassified from accumulated other comprehensive loss |
— |
|
|
3,642 |
|
|
10,740 |
|
|
14,382 |
|
|
Net other comprehensive income (loss) |
(19,453) |
|
|
3,632 |
|
|
26,525 |
|
|
10,704 |
|
|
| Balance, June 2024 |
$ |
(887,892) |
|
|
$ |
(178,701) |
|
|
$ |
12,966
|
|
|
$ |
(1,053,627) |
|
|
|
| Schedule of Reclassifications Out of Accumulated OCL |
Reclassifications out of accumulated OCL were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
Three Months Ended June |
|
|
|
| Details About Accumulated Other Comprehensive Loss Components |
Affected Line Item in the Consolidated Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses |
Other income (expense), net |
|
|
$ |
(4,871) |
|
|
|
$ |
(5,046) |
|
|
|
|
|
|
|
Deferred prior service credits |
Other income (expense), net |
|
|
153 |
|
|
|
144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension curtailment gains |
Other income (expense), net |
|
|
531 |
|
|
|
— |
|
|
|
|
|
|
|
Total before tax |
|
|
|
(4,187) |
|
|
|
(4,902) |
|
|
|
|
|
|
|
Income tax effect |
|
|
|
1,060 |
|
|
|
1,260 |
|
|
|
|
|
|
|
Net of tax |
|
|
|
(3,127) |
|
|
|
(3,642) |
|
|
|
|
|
|
|
| Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts |
Revenues |
|
|
(1,971) |
|
|
|
(4,331) |
|
|
|
|
|
|
|
Foreign exchange contracts |
Cost of goods sold |
|
|
15,034 |
|
|
|
(10,126) |
|
|
|
|
|
|
|
Foreign exchange contracts |
SG&A expenses |
|
|
(261) |
|
|
|
(408) |
|
|
|
|
|
|
|
Foreign exchange contracts |
Other income (expense), net |
|
|
476 |
|
|
|
(56) |
|
|
|
|
|
|
|
Interest rate contracts |
Interest expense |
|
|
27 |
|
|
|
27 |
|
|
|
|
|
|
|
Interest rate contracts |
Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
1,165 |
|
|
|
|
|
|
|
Total before tax |
|
|
|
13,305 |
|
|
|
(13,729) |
|
|
|
|
|
|
|
Income tax effect |
|
|
|
(2,234) |
|
|
|
2,989 |
|
|
|
|
|
|
|
Net of tax |
|
|
|
11,071 |
|
|
|
(10,740) |
|
|
|
|
|
|
|
| Total reclassifications for the period, net of tax |
|
|
$ |
7,944 |
|
|
|
$ |
(14,382) |
|
|
|
|
|
|
|
|