| 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:
|
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|
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|
(In thousands) |
Ìý |
September 2019 |
Ìý |
Ìý |
March 2019 |
Ìý |
September 2018 |
Foreign currency translation and other |
Ìý |
$ |
(715,286 |
) |
Ìý |
Ìý |
$ |
(725,679 |
) |
Ìý |
$ |
(665,962 |
) |
Defined benefit pension plans |
Ìý |
(298,326 |
) |
Ìý |
Ìý |
(243,184 |
) |
Ìý |
(226,039 |
) |
Derivative financial instruments |
Ìý |
82,887 |
|
Ìý |
Ìý |
66,788 |
|
Ìý |
29,085 |
|
Accumulated other comprehensive income (loss) |
Ìý |
$ |
(930,725 |
) |
Ìý |
Ìý |
$ |
(902,075 |
) |
Ìý |
$ |
(862,916 |
) |
The changes in accumulated OCI, net of related taxes, were as follows:
|
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|
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|
|
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|
Ìý |
Three Months Ended September 2019 |
Ìý |
(In thousands) |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Ìý |
Balance, June 2019 |
$ |
(635,901 |
) |
Ìý |
$ |
(290,468 |
) |
Ìý |
$ |
58,983 |
|
Ìý |
$ |
(867,386 |
) |
Ìý |
Other comprehensive income (loss) before reclassifications |
(79,385 |
) |
Ìý |
(10,896 |
) |
Ìý |
44,348 |
|
Ìý |
(45,933 |
) |
Ìý |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
3,038 |
|
Ìý |
(20,444 |
) |
Ìý |
(17,406 |
) |
Ìý |
Net other comprehensive income (loss) |
(79,385 |
) |
Ìý |
(7,858 |
) |
Ìý |
23,904 |
|
Ìý |
(63,339 |
) |
Ìý |
Balance, September 2019 |
$ |
(715,286 |
) |
Ìý |
$ |
(298,326 |
) |
Ìý |
$ |
82,887 |
|
Ìý |
$ |
(930,725 |
) |
Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Three Months Ended September 2018 |
(In thousands) |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Balance, June 2018 |
$ |
(651,739 |
) |
Ìý |
$ |
(230,517 |
) |
Ìý |
$ |
178 |
|
Ìý |
$ |
(882,078 |
) |
Other comprehensive income (loss) before reclassifications |
(14,223 |
) |
Ìý |
(1,416 |
) |
Ìý |
15,151 |
|
Ìý |
(488 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
5,894 |
|
Ìý |
13,756 |
|
Ìý |
19,650 |
|
Net other comprehensive income (loss) |
(14,223 |
) |
Ìý |
4,478 |
|
Ìý |
28,907 |
|
Ìý |
19,162 |
|
Balance, September 2018 |
$ |
(665,962 |
) |
Ìý |
$ |
(226,039 |
) |
Ìý |
$ |
29,085 |
|
Ìý |
$ |
(862,916 |
) |
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|
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|
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|
|
|
|
|
|
|
|
Ìý |
Six Months Ended September 2019 |
Ìý |
In thousands |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Ìý |
Balance, Balance, March 2019 |
$ |
(725,679 |
) |
Ìý |
$ |
(243,184 |
) |
Ìý |
$ |
66,788 |
|
Ìý |
$ |
(902,075 |
) |
Ìý |
Adoption of new accounting standard, ASU 2018-02 |
(9,088 |
) |
Ìý |
(50,402 |
) |
Ìý |
(2,371 |
) |
Ìý |
(61,861 |
) |
Ìý |
Other comprehensive income (loss) before reclassifications |
(63,613 |
) |
Ìý |
(11,719 |
) |
Ìý |
55,248 |
|
Ìý |
(20,084 |
) |
Ìý |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
6,185 |
|
Ìý |
(28,183 |
) |
Ìý |
(21,998 |
) |
Ìý |
Spin-off of Jeans Business |
83,094 |
|
Ìý |
794 |
|
Ìý |
(8,595 |
) |
Ìý |
75,293 |
|
Ìý |
Net other comprehensive income (loss) |
10,393 |
|
Ìý |
(55,142 |
) |
Ìý |
16,099 |
|
Ìý |
(28,650 |
) |
Ìý |
Balance, September 2019 |
$ |
(715,286 |
) |
Ìý |
$ |
(298,326 |
) |
Ìý |
$ |
82,887 |
|
Ìý |
$ |
(930,725 |
) |
Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Six Months Ended September 2018 |
In thousands |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Balance, March 2018 |
$ |
(476,869 |
) |
Ìý |
$ |
(289,618 |
) |
Ìý |
$ |
(97,543 |
) |
Ìý |
$ |
(864,030 |
) |
Other comprehensive income (loss) before reclassifications |
(189,093 |
) |
Ìý |
38,812 |
|
Ìý |
98,422 |
|
Ìý |
(51,859 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
24,767 |
|
Ìý |
28,206 |
|
Ìý |
52,973 |
|
Net other comprehensive income (loss) |
(189,093 |
) |
Ìý |
63,579 |
|
Ìý |
126,628 |
|
Ìý |
1,114 |
|
Balance, September 2018 |
$ |
(665,962 |
) |
Ìý |
$ |
(226,039 |
) |
Ìý |
$ |
29,085 |
|
Ìý |
$ |
(862,916 |
) |
|
| Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCI were as follows:
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| Ìý |
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
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AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Income |
Ìý |
Ìý |
Three Months Ended September |
Ìý |
Ìý |
Six Months Ended September |
| Ìý |
| Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
| Ìý |
Ìý |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
| Ìý |
Amortization of defined benefit pension plans: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
| Ìý |
Net deferred actuarial losses |
Other income (expense), net |
Ìý |
Ìý |
$ |
(4,014 |
) |
Ìý |
Ìý |
$ |
(6,655 |
) |
Ìý |
Ìý |
$ |
(8,033 |
) |
Ìý |
Ìý |
$ |
(15,477 |
) |
| Ìý |
Deferred prior service (costs) credits |
Other income (expense), net |
Ìý |
Ìý |
(12 |
) |
Ìý |
Ìý |
59 |
|
Ìý |
Ìý |
(25 |
) |
Ìý |
Ìý |
(610 |
) |
| Ìý |
Pension curtailment losses and settlement charges |
Other income (expense), net |
Ìý |
Ìý |
(519 |
) |
Ìý |
Ìý |
(1,342 |
) |
Ìý |
Ìý |
(519 |
) |
Ìý |
Ìý |
(17,667 |
) |
| Ìý |
TotalÌýbeforeÌýtax |
Ìý |
Ìý |
Ìý |
(4,545 |
) |
Ìý |
Ìý |
(7,938 |
) |
Ìý |
Ìý |
(8,577 |
) |
Ìý |
Ìý |
(33,754 |
) |
| Ìý |
TaxÌýbenefit |
Ìý |
Ìý |
Ìý |
1,507 |
|
Ìý |
Ìý |
2,044 |
|
Ìý |
Ìý |
2,392 |
|
Ìý |
Ìý |
8,987 |
|
| Ìý |
Net of tax |
Ìý |
Ìý |
Ìý |
(3,038 |
) |
Ìý |
Ìý |
(5,894 |
) |
Ìý |
Ìý |
(6,185 |
) |
Ìý |
Ìý |
(24,767 |
) |
| Ìý |
Gains (losses) on derivative financial instruments: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
| Ìý |
Foreign exchange contracts |
Net sales |
Ìý |
Ìý |
(2,814 |
) |
Ìý |
Ìý |
4,527 |
|
Ìý |
Ìý |
(5,719 |
) |
Ìý |
Ìý |
5,472 |
|
| Ìý |
Foreign exchange contracts |
CostÌýofÌýgoodsÌýsold |
Ìý |
Ìý |
22,727 |
|
Ìý |
Ìý |
(14,638 |
) |
Ìý |
Ìý |
33,832 |
|
Ìý |
Ìý |
(26,576 |
) |
| Ìý |
Foreign exchange contracts |
Selling, general and administrative expenses |
Ìý |
Ìý |
1,382 |
|
Ìý |
Ìý |
(1,522 |
) |
Ìý |
Ìý |
2,098 |
|
Ìý |
Ìý |
(4,220 |
) |
| Ìý |
Foreign exchange contracts |
OtherÌýincomeÌý(expense),Ìýnet |
Ìý |
Ìý |
3,696 |
|
Ìý |
Ìý |
(970 |
) |
Ìý |
Ìý |
6,568 |
|
Ìý |
Ìý |
(2,363 |
) |
| Ìý |
Interest rate contracts |
Interest expense |
Ìý |
Ìý |
(1,303 |
) |
Ìý |
Ìý |
(1,243 |
) |
Ìý |
Ìý |
(2,596 |
) |
Ìý |
Ìý |
(2,476 |
) |
| Ìý |
Total before tax |
Ìý |
Ìý |
Ìý |
23,688 |
|
Ìý |
Ìý |
(13,846 |
) |
Ìý |
Ìý |
34,183 |
|
Ìý |
Ìý |
(30,163 |
) |
| Ìý |
TaxÌý(expense) benefit |
Ìý |
Ìý |
Ìý |
(3,244 |
) |
Ìý |
Ìý |
90 |
|
Ìý |
Ìý |
(6,000 |
) |
Ìý |
Ìý |
1,957 |
|
| Ìý |
Net of tax |
Ìý |
Ìý |
Ìý |
20,444 |
|
Ìý |
Ìý |
(13,756 |
) |
Ìý |
Ìý |
28,183 |
|
Ìý |
Ìý |
(28,206 |
) |
| Ìý |
Total reclassifications for the period, net of tax |
Ìý |
Ìý |
$ |
17,406 |
|
Ìý |
Ìý |
$ |
(19,650 |
) |
Ìý |
Ìý |
$ |
21,998 |
|
Ìý |
Ìý |
$ |
(52,973 |
) |
|