| 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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|
(In thousands) |
Ìý |
December 2019 |
Ìý |
Ìý |
March 2019 |
Ìý |
December 2018 |
Foreign currency translation and other |
Ìý |
$ |
(663,319 |
) |
Ìý |
Ìý |
$ |
(725,679 |
) |
Ìý |
$ |
(737,127 |
) |
Defined benefit pension plans |
Ìý |
(249,530 |
) |
Ìý |
Ìý |
(243,184 |
) |
Ìý |
(219,644 |
) |
Derivative financial instruments |
Ìý |
17,477 |
|
Ìý |
Ìý |
66,788 |
|
Ìý |
70,206 |
|
Accumulated other comprehensive income (loss) |
Ìý |
$ |
(895,372 |
) |
Ìý |
Ìý |
$ |
(902,075 |
) |
Ìý |
$ |
(886,565 |
) |
The changes in accumulated OCI, net of related taxes, were as follows:
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|
Ìý |
Three Months Ended December 2019 |
Ìý |
(In thousands) |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Ìý |
Balance, September 2019 |
$ |
(715,286 |
) |
Ìý |
$ |
(298,326 |
) |
Ìý |
$ |
82,887 |
|
Ìý |
$ |
(930,725 |
) |
Ìý |
Other comprehensive income (loss) before reclassifications |
51,967 |
|
Ìý |
26,827 |
|
Ìý |
(46,536 |
) |
Ìý |
32,258 |
|
Ìý |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
21,969 |
|
Ìý |
(18,874 |
) |
Ìý |
3,095 |
|
Ìý |
Net other comprehensive income (loss) |
51,967 |
|
Ìý |
48,796 |
|
Ìý |
(65,410 |
) |
Ìý |
35,353 |
|
Ìý |
Balance, December 2019 |
$ |
(663,319 |
) |
Ìý |
$ |
(249,530 |
) |
Ìý |
$ |
17,477 |
|
Ìý |
$ |
(895,372 |
) |
Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
Three Months Ended December 2018 |
(In thousands) |
Foreign Currency Translation and Other |
Ìý |
Defined Benefit PensionÌýPlans |
Ìý |
Derivative Financial Instruments |
Ìý |
Total |
Balance, September 2018 |
$ |
(665,962 |
) |
Ìý |
$ |
(226,039 |
) |
Ìý |
$ |
29,085 |
|
Ìý |
$ |
(862,916 |
) |
Other comprehensive income (loss) before reclassifications |
(71,165 |
) |
Ìý |
1,065 |
|
Ìý |
36,619 |
|
Ìý |
(33,481 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
5,330 |
|
Ìý |
4,502 |
|
Ìý |
9,832 |
|
Net other comprehensive income (loss) |
(71,165 |
) |
Ìý |
6,395 |
|
Ìý |
41,121 |
|
Ìý |
(23,649 |
) |
Balance, December 2018 |
$ |
(737,127 |
) |
Ìý |
$ |
(219,644 |
) |
Ìý |
$ |
70,206 |
|
Ìý |
$ |
(886,565 |
) |
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|
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|
|
Ìý |
Nine Months Ended December 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 |
(11,646 |
) |
Ìý |
15,108 |
|
Ìý |
8,712 |
|
Ìý |
12,174 |
|
Ìý |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
28,154 |
|
Ìý |
(47,057 |
) |
Ìý |
(18,903 |
) |
Ìý |
Spin-off of Jeans Business |
83,094 |
|
Ìý |
794 |
|
Ìý |
(8,595 |
) |
Ìý |
75,293 |
|
Ìý |
Net other comprehensive income (loss) |
62,360 |
|
Ìý |
(6,346 |
) |
Ìý |
(49,311 |
) |
Ìý |
6,703 |
|
Ìý |
Balance, December 2019 |
$ |
(663,319 |
) |
Ìý |
$ |
(249,530 |
) |
Ìý |
$ |
17,477 |
|
Ìý |
$ |
(895,372 |
) |
Ìý |
|
|
|
|
|
|
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|
|
|
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|
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|
|
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|
Ìý |
Nine Months Ended December 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 |
(260,258 |
) |
Ìý |
39,877 |
|
Ìý |
135,041 |
|
Ìý |
(85,340 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
Ìý |
30,097 |
|
Ìý |
32,708 |
|
Ìý |
62,805 |
|
Net other comprehensive income (loss) |
(260,258 |
) |
Ìý |
69,974 |
|
Ìý |
167,749 |
|
Ìý |
(22,535 |
) |
Balance, December 2018 |
$ |
(737,127 |
) |
Ìý |
$ |
(219,644 |
) |
Ìý |
$ |
70,206 |
|
Ìý |
$ |
(886,565 |
) |
|
| 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
|
AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Income |
Ìý |
Ìý |
Three Months Ended December |
Ìý |
Ìý |
Nine Months Ended December |
| 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 |
$ |
(4,203 |
) |
Ìý |
Ìý |
$ |
(6,676 |
) |
Ìý |
Ìý |
$ |
(12,236 |
) |
Ìý |
Ìý |
$ |
(22,153 |
) |
| Ìý |
Deferred prior service (costs) credits |
Other income (expense), net |
Ìý |
Ìý |
(13 |
) |
Ìý |
Ìý |
58 |
|
Ìý |
Ìý |
(38 |
) |
Ìý |
Ìý |
(552 |
) |
| Ìý |
Pension curtailment losses and settlement charges |
Other income (expense), net |
Ìý |
Ìý |
(24,943 |
) |
Ìý |
Ìý |
(662 |
) |
Ìý |
Ìý |
(25,462 |
) |
Ìý |
Ìý |
(18,329 |
) |
| Ìý |
TotalÌýbeforeÌýtax |
Ìý |
Ìý |
Ìý |
(29,159 |
) |
Ìý |
Ìý |
(7,280 |
) |
Ìý |
Ìý |
(37,736 |
) |
Ìý |
Ìý |
(41,034 |
) |
| Ìý |
TaxÌýbenefit |
Ìý |
Ìý |
Ìý |
7,190 |
|
Ìý |
Ìý |
1,950 |
|
Ìý |
Ìý |
9,582 |
|
Ìý |
Ìý |
10,937 |
|
| Ìý |
Net of tax |
Ìý |
Ìý |
Ìý |
(21,969 |
) |
Ìý |
Ìý |
(5,330 |
) |
Ìý |
Ìý |
(28,154 |
) |
Ìý |
Ìý |
(30,097 |
) |
| 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 |
(5,507 |
) |
Ìý |
Ìý |
772 |
|
Ìý |
Ìý |
(11,226 |
) |
Ìý |
Ìý |
6,244 |
|
| Ìý |
Foreign exchange contracts |
CostÌýofÌýgoodsÌýsold |
Ìý |
Ìý |
27,157 |
|
Ìý |
Ìý |
(4,570 |
) |
Ìý |
Ìý |
60,989 |
|
Ìý |
Ìý |
(31,146 |
) |
| Ìý |
Foreign exchange contracts |
Selling, general and administrative expenses |
Ìý |
Ìý |
1,231 |
|
Ìý |
Ìý |
(1,020 |
) |
Ìý |
Ìý |
3,329 |
|
Ìý |
Ìý |
(5,240 |
) |
| Ìý |
Foreign exchange contracts |
OtherÌýincomeÌý(expense),Ìýnet |
Ìý |
Ìý |
1,006 |
|
Ìý |
Ìý |
690 |
|
Ìý |
Ìý |
7,574 |
|
Ìý |
Ìý |
(1,673 |
) |
| Ìý |
Interest rate contracts |
Interest expense |
Ìý |
Ìý |
(1,324 |
) |
Ìý |
Ìý |
(1,263 |
) |
Ìý |
Ìý |
(3,920 |
) |
Ìý |
Ìý |
(3,739 |
) |
| Ìý |
Total before tax |
Ìý |
Ìý |
Ìý |
22,563 |
|
Ìý |
Ìý |
(5,391 |
) |
Ìý |
Ìý |
56,746 |
|
Ìý |
Ìý |
(35,554 |
) |
| Ìý |
TaxÌý(expense) benefit |
Ìý |
Ìý |
Ìý |
(3,689 |
) |
Ìý |
Ìý |
889 |
|
Ìý |
Ìý |
(9,689 |
) |
Ìý |
Ìý |
2,846 |
|
| Ìý |
Net of tax |
Ìý |
Ìý |
Ìý |
18,874 |
|
Ìý |
Ìý |
(4,502 |
) |
Ìý |
Ìý |
47,057 |
|
Ìý |
Ìý |
(32,708 |
) |
| Ìý |
Total reclassifications for the period, net of tax |
Ìý |
Ìý |
$ |
(3,095 |
) |
Ìý |
Ìý |
$ |
(9,832 |
) |
Ìý |
Ìý |
$ |
18,903 |
|
Ìý |
Ìý |
$ |
(62,805 |
) |
|