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Quarterly report pursuant to Section 13 or 15(d)

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 9 Months Ended
Dec. 31, 2022
Equity [Abstract] Ìý
Schedule of 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) December 2022 March 2022 December 2021
Foreign currency translation and other $ (841,877) $ (751,632) $ (712,831)
Defined benefit pension plans (164,346) (230,290) (248,971)
Derivative financial instruments 76,635Ìý 55,343Ìý 24,345Ìý
Accumulated other comprehensive income (loss) $ (929,588) $ (926,579) $ (937,457)
The changes in accumulated OCI, net of related taxes, were as follows:
Ìý Three Months Ended December 2022
(In thousands) Foreign Currency Translation and Other Defined Benefit PensionÌýPlans Derivative Financial Instruments Total
Balance, September 2022 $ (883,846) $ (166,545) $ 206,226Ìý $ (844,165)
Other comprehensive income (loss) before reclassifications
 41,969Ìý (850) (101,665) (60,546)
Amounts reclassified from accumulated other comprehensive income (loss)
 —Ìý 3,049Ìý (27,926) (24,877)
Net other comprehensive income (loss)
 41,969Ìý 2,199Ìý (129,591) (85,423)
Balance, December 2022 $ (841,877) $ (164,346) $ 76,635Ìý $ (929,588)
Ìý Three Months Ended December 2021
(In thousands) Foreign Currency Translation and Other Defined Benefit PensionÌýPlans Derivative Financial Instruments Total
Balance, September 2021 $ (687,120) $ (255,635) $ 1,921Ìý $ (940,834)
Other comprehensive income (loss) before reclassifications
 (25,711) 383Ìý 11,961Ìý (13,367)
Amounts reclassified from accumulated other comprehensive income (loss)
 —Ìý 6,281Ìý 10,463Ìý 16,744Ìý
Net other comprehensive income (loss)
 (25,711) 6,664Ìý 22,424Ìý 3,377Ìý
Balance, December 2021 $ (712,831) $ (248,971) $ 24,345Ìý $ (937,457)
Nine Months Ended December 2022
(In thousands) Foreign Currency Translation and Other Defined Benefit PensionÌýPlans Derivative Financial Instruments Total
Balance, March 2022 $ (751,632) $ (230,290) $ 55,343Ìý $ (926,579)
Other comprehensive income (loss) before reclassifications
 (90,245) (11,226) 68,719Ìý (32,752)
Amounts reclassified from accumulated other comprehensive income (loss)
 —Ìý 77,170Ìý (47,427) 29,743Ìý
Net other comprehensive income (loss)
 (90,245) 65,944Ìý 21,292Ìý (3,009)
Balance, December 2022 $ (841,877) $ (164,346) $ 76,635Ìý $ (929,588)
Nine Months Ended December 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
 (12,658) (2,355) 35,973Ìý 20,960Ìý
Amounts reclassified from accumulated other comprehensive income (loss)
 —Ìý 11,131Ìý 39,452Ìý 50,583Ìý
Net other comprehensive income (loss)
 (12,658) 8,776Ìý 75,425Ìý 71,543Ìý
Balance, December 2021 $ (712,831) $ (248,971) $ 24,345Ìý $ (937,457)
Schedule of Reclassifications Out of Accumulated OCI
Reclassifications out of accumulated OCI were as follows:
(In thousands) Three Months Ended December Nine Months Ended December
Details About Accumulated Other Comprehensive Income (Loss) Components AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Operations
2022 2021 2022 2021
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net $ (3,858) $ (2,858) $ (11,532) $ (8,569)
Deferred prior service credits
 Other income (expense), net 112Ìý 117Ìý 335Ìý 352Ìý
Pension settlement charges
 Other income (expense), net (695) (5,660) (93,597) (6,684)
TotalÌýbeforeÌýtax
 (4,441) (8,401) (104,794) (14,901)
TaxÌýbenefit
 1,392Ìý 2,120Ìý 27,624Ìý 3,770Ìý
Net of tax
 (3,049) (6,281) (77,170) (11,131)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Net revenues (2,759) (9,284) (18,243) (16,045)
Foreign exchange contracts
 CostÌýofÌýgoodsÌýsold 27,019Ìý (3,974) 44,780Ìý (26,644)
Foreign exchange contracts
 Selling, general and administrative expenses 1,816Ìý 688Ìý 5,380Ìý (418)
Foreign exchange contracts
 OtherÌýincomeÌý(expense),Ìýnet 6,802Ìý 104Ìý 24,055Ìý (2,958)
Interest rate contracts
 Interest expense 27Ìý 27Ìý 81Ìý 81Ìý
Total before tax
 32,905Ìý (12,439) 56,053Ìý (45,984)
TaxÌý(expense) benefit
 (4,979) 1,976Ìý (8,626) 6,532Ìý
Net of tax
 27,926Ìý (10,463) 47,427Ìý (39,452)
Total reclassifications for the period, net of tax $ 24,877Ìý $ (16,744) $ (29,743) $ (50,583)