| 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:
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| (In thousands) |
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September 2026 |
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March 2026 |
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September 2025 |
| Foreign currency translation and other |
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$ |
(768,426) |
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$ |
(767,111) |
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$ |
(770,855) |
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| Defined benefit pension plans |
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(10,905) |
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(11,126) |
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(174,008) |
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| Derivative financial instruments |
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7,553 |
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(28,814) |
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(79,178) |
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| Accumulated other comprehensive loss |
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$ |
(771,778) |
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$ |
(807,051) |
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$ |
(1,024,041) |
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The changes in accumulated OCL, net of related taxes, were as follows:
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Three Months Ended September 2026 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2026 |
$ |
(762,117) |
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$ |
(11,017) |
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$ |
(4,381) |
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$ |
(777,515) |
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Other comprehensive loss before reclassifications |
(6,309) |
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(1) |
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(4,858) |
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(11,168) |
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Amounts reclassified from accumulated other comprehensive loss |
— |
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113 |
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16,792 |
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16,905 |
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Net other comprehensive income (loss) |
(6,309) |
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112 |
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11,934 |
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5,737 |
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| Balance, September 2026 |
$ |
(768,426) |
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$ |
(10,905) |
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$ |
7,553
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$ |
(771,778) |
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Three Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2025 |
$ |
(763,627) |
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$ |
(176,910) |
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$ |
(96,887) |
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$ |
(1,037,424) |
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Other comprehensive income (loss) before reclassifications |
(7,228) |
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(865) |
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18,179 |
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|
10,086 |
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Amounts reclassified from accumulated other comprehensive loss |
— |
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3,767 |
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(470) |
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3,297 |
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Net other comprehensive income (loss) |
(7,228) |
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2,902 |
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17,709 |
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13,383 |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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Six Months Ended September 2026 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2026 |
$ |
(767,111) |
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$ |
(11,126) |
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$ |
(28,814) |
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$ |
(807,051) |
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| Other comprehensive income (loss) before reclassifications |
(1,315) |
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(4) |
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4,940 |
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3,621 |
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| Amounts reclassified from accumulated other comprehensive loss |
— |
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225 |
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31,427 |
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31,652 |
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| Net other comprehensive income (loss) |
(1,315) |
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221 |
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36,367 |
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35,273 |
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| Balance, September 2026 |
$ |
(768,426) |
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$ |
(10,905) |
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$ |
7,553
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$ |
(771,778) |
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Six Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2025 |
$ |
(821,189) |
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$ |
(180,047) |
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$ |
23,496
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$ |
(977,740) |
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| Other comprehensive income (loss) before reclassifications |
50,334 |
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(855) |
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(91,133) |
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(41,654) |
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| Amounts reclassified from accumulated other comprehensive loss |
— |
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6,894 |
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(11,541) |
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(4,647) |
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| Net other comprehensive income (loss) |
50,334 |
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6,039 |
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(102,674) |
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(46,301) |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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| Schedule of Reclassifications Out of Accumulated OCL |
Reclassifications out of accumulated OCL were as follows:
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| (In thousands) |
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Three Months Ended September |
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Six Months Ended September |
| Details About Accumulated Other Comprehensive Loss Components |
Affected Line Item in the Consolidated Statements of Operations |
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2026 |
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2025 |
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2026 |
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2025 |
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| Amortization of defined benefit pension plans: |
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Net deferred actuarial losses |
Other income (expense), net |
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$ |
(307) |
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$ |
(4,874) |
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(617) |
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(9,745) |
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Deferred prior service credits |
Other income (expense), net |
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|
156 |
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158 |
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|
315 |
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|
311 |
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Pension settlement charge |
Other income (expense), net |
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— |
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(341) |
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— |
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(341) |
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Pension curtailment gains |
Other income (expense), net |
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— |
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— |
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— |
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531 |
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Total before tax |
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(151) |
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(5,057) |
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(302) |
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(9,244) |
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Income tax effect |
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38 |
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1,290 |
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77 |
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2,350 |
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Net of tax |
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(113) |
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(3,767) |
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(225) |
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(6,894) |
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| Gains (losses) on derivative financial instruments: |
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Foreign exchange contracts |
Revenues |
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(1,766) |
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545 |
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(1,287) |
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(1,426) |
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Foreign exchange contracts |
Cost of goods sold |
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(18,617) |
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(863) |
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(36,258) |
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14,171 |
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Foreign exchange contracts |
SG&A expenses |
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(434) |
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(250) |
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(567) |
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(511) |
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Foreign exchange contracts |
Other income (expense), net |
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|
94 |
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1,074 |
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418 |
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|
1,550 |
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Interest rate contracts |
Interest expense |
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27 |
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27 |
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54 |
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54 |
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Total before tax |
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(20,696) |
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533 |
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(37,640) |
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13,838 |
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Income tax effect |
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3,904 |
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(63) |
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6,213 |
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(2,297) |
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Net of tax |
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(16,792) |
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470 |
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(31,427) |
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11,541 |
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| Total reclassifications for the period, net of tax |
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$ |
(16,905) |
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$ |
(3,297) |
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$ |
(31,652) |
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$ |
4,647
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