| 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 2021 |
|
|
March 2021 |
|
June 2020 |
| Foreign currency translation and other |
|
$ |
(663,120) |
|
|
|
$ |
(700,173) |
|
|
$ |
(685,236) |
|
| Defined benefit pension plans |
|
(257,431) |
|
|
|
(257,747) |
|
|
(259,290) |
|
| Derivative financial instruments |
|
(45,335) |
|
|
|
(51,080) |
|
|
46,985Ìý |
|
| Accumulated other comprehensive income (loss) |
|
$ |
(965,886) |
|
|
|
$ |
(1,009,000) |
|
|
$ |
(897,541) |
|
The changes in accumulated OCI, net of related taxes, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
Three Months Ended June 2021 |
|
| (In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit PensionÌýPlans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, March 2021 |
$ |
(700,173) |
|
|
$ |
(257,747) |
|
|
$ |
(51,080) |
|
|
$ |
(1,009,000) |
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications |
37,053Ìý |
|
|
(2,411) |
|
|
(4,371) |
|
|
30,271Ìý |
|
|
Amounts reclassified from accumulated other comprehensive income (loss) |
—Ìý |
|
|
2,727Ìý |
|
|
10,116Ìý |
|
|
12,843Ìý |
|
|
Net other comprehensive income (loss) |
37,053Ìý |
|
|
316Ìý |
|
|
5,745Ìý |
|
|
43,114Ìý |
|
|
| Balance, June 2021 |
$ |
(663,120) |
|
|
$ |
(257,431) |
|
|
$ |
(45,335) |
|
|
$ |
(965,886) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
Three Months Ended June 2020 |
| (In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit PensionÌýPlans |
|
Derivative Financial Instruments |
|
Total |
| Balance, March 2020 |
$ |
(737,709) |
|
|
$ |
(262,472) |
|
|
$ |
69,223Ìý
|
|
|
$ |
(930,958) |
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications |
10,109Ìý |
|
|
987Ìý |
|
|
(6,065) |
|
|
5,031Ìý |
|
Amounts reclassified from accumulated other comprehensive income (loss) |
42,364Ìý |
|
|
2,195Ìý |
|
|
(16,173) |
|
|
28,386Ìý |
|
|
|
|
|
|
|
|
|
Net other comprehensive income (loss) |
52,473Ìý |
|
|
3,182Ìý |
|
|
(22,238) |
|
|
33,417Ìý |
|
| Balance, June 2020 |
$ |
(685,236) |
|
|
$ |
(259,290) |
|
|
$ |
46,985Ìý
|
|
|
$ |
(897,541) |
|
|
| Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCI were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
Three Months Ended June |
|
|
|
| Details About Accumulated Other Comprehensive Income (Loss) Components |
AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
|
2020 |
|
|
|
|
|
|
| Losses on foreign currency translation and other: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquidation of foreign entities |
Other income (expense), net |
|
|
$ |
—Ìý |
|
|
|
$ |
(42,364) |
|
|
|
|
|
|
|
Total before tax |
|
|
|
—Ìý |
|
|
|
(42,364) |
|
|
|
|
|
|
|
Tax (expense) benefit |
|
|
|
—Ìý |
|
|
|
—Ìý |
|
|
|
|
|
|
|
Net of tax |
|
|
|
—Ìý |
|
|
|
(42,364) |
|
|
|
|
|
|
|
| Amortization of defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses |
Other income (expense), net |
|
|
(2,840) |
|
|
|
(2,863) |
|
|
|
|
|
|
|
Deferred prior service credits |
Other income (expense), net |
|
|
118Ìý |
|
|
|
17Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension settlement charge |
Other income (expense), net |
|
|
(948) |
|
|
|
—Ìý |
|
|
|
|
|
|
|
TotalÌýbeforeÌýtax |
|
|
|
(3,670) |
|
|
|
(2,846) |
|
|
|
|
|
|
|
TaxÌýbenefit |
|
|
|
943Ìý |
|
|
|
651Ìý |
|
|
|
|
|
|
|
Net of tax |
|
|
|
(2,727) |
|
|
|
(2,195) |
|
|
|
|
|
|
|
| Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts |
Net revenues |
|
|
(1,798) |
|
|
|
171Ìý |
|
|
|
|
|
|
|
Foreign exchange contracts |
CostÌýofÌýgoodsÌýsold |
|
|
(6,169) |
|
|
|
16,705Ìý |
|
|
|
|
|
|
|
Foreign exchange contracts |
Selling, general and administrative expenses |
|
|
(917) |
|
|
|
1,607Ìý |
|
|
|
|
|
|
|
Foreign exchange contracts |
OtherÌýincomeÌý(expense),Ìýnet |
|
|
(1,702) |
|
|
|
1,770Ìý |
|
|
|
|
|
|
|
Interest rate contracts |
Interest expense |
|
|
27Ìý |
|
|
|
27Ìý |
|
|
|
|
|
|
|
Total before tax |
|
|
|
(10,559) |
|
|
|
20,280Ìý |
|
|
|
|
|
|
|
TaxÌý(expense) benefit |
|
|
|
443Ìý |
|
|
|
(4,107) |
|
|
|
|
|
|
|
Net of tax |
|
|
|
(10,116) |
|
|
|
16,173Ìý |
|
|
|
|
|
|
|
| Total reclassifications for the period, net of tax |
|
|
$ |
(12,843) |
|
|
|
$ |
(28,386) |
|
|
|
|
|
|
|
|