| 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 OCL are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
June 2023 |
|
|
March 2023 |
|
June 2022 |
| Foreign currency translation and other |
|
$ |
(872,800) |
|
|
|
$ |
(859,651) |
|
|
$ |
(833,166) |
|
| Defined benefit pension plans |
|
(161,211) |
|
|
|
(167,692) |
|
|
(174,139) |
|
| Derivative financial instruments |
|
(19,518) |
|
|
|
7,825Ìý |
|
|
132,429Ìý |
|
| Accumulated other comprehensive loss |
|
$ |
(1,053,529) |
|
|
|
$ |
(1,019,518) |
|
|
$ |
(874,876) |
|
The changes in accumulated OCL, net of related taxes, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
Three Months Ended June 2023 |
|
| (In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit PensionÌýPlans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, March 2023 |
$ |
(859,651) |
|
|
$ |
(167,692) |
|
|
$ |
7,825Ìý
|
|
|
$ |
(1,019,518) |
|
|
Other comprehensive income (loss) before reclassifications |
(13,149) |
|
|
1,088Ìý |
|
|
(18,602) |
|
|
(30,663) |
|
|
Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
|
|
5,393Ìý |
|
|
(8,741) |
|
|
(3,348) |
|
|
Net other comprehensive income (loss) |
(13,149) |
|
|
6,481Ìý |
|
|
(27,343) |
|
|
(34,011) |
|
|
| Balance, June 2023 |
$ |
(872,800) |
|
|
$ |
(161,211) |
|
|
$ |
(19,518) |
|
|
$ |
(1,053,529) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
Three Months Ended June 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 |
(81,534) |
|
|
(14,484) |
|
|
84,055Ìý |
|
|
(11,963) |
|
|
Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
|
|
70,635Ìý |
|
|
(6,969) |
|
|
63,666Ìý |
|
|
Net other comprehensive income (loss) |
(81,534) |
|
|
56,151Ìý |
|
|
77,086Ìý |
|
|
51,703Ìý |
|
|
| Balance, June 2022 |
$ |
(833,166) |
|
|
$ |
(174,139) |
|
|
$ |
132,429Ìý
|
|
|
$ |
(874,876) |
|
|
|
| Schedule of Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCL were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
Three Months Ended June |
|
|
|
| Details About Accumulated Other Comprehensive Loss Components |
AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
Net deferred actuarial losses |
Other income (expense), net |
|
|
$ |
(4,232) |
|
|
|
$ |
(3,721) |
|
|
|
|
|
|
|
Deferred prior service credits |
Other income (expense), net |
|
|
135Ìý |
|
|
|
112Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension settlement charges |
Other income (expense), net |
|
|
(3,292) |
|
|
|
(91,761) |
|
|
|
|
|
|
|
TotalÌýbeforeÌýtax |
|
|
|
(7,389) |
|
|
|
(95,370) |
|
|
|
|
|
|
|
TaxÌýbenefit |
|
|
|
1,996Ìý |
|
|
|
24,735Ìý |
|
|
|
|
|
|
|
Net of tax |
|
|
|
(5,393) |
|
|
|
(70,635) |
|
|
|
|
|
|
|
| Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange contracts |
Net revenues |
|
|
1,090Ìý |
|
|
|
(3,534) |
|
|
|
|
|
|
|
Foreign exchange contracts |
CostÌýofÌýgoodsÌýsold |
|
|
8,075Ìý |
|
|
|
11,356Ìý |
|
|
|
|
|
|
|
Foreign exchange contracts |
Selling, general and administrative expenses |
|
|
1,301Ìý |
|
|
|
1,609Ìý |
|
|
|
|
|
|
|
Foreign exchange contracts |
OtherÌýincomeÌý(expense),Ìýnet |
|
|
(511) |
|
|
|
(1,216) |
|
|
|
|
|
|
|
Interest rate contracts |
Interest expense |
|
|
725Ìý |
|
|
|
27Ìý |
|
|
|
|
|
|
|
Total before tax |
|
|
|
10,680Ìý |
|
|
|
8,242Ìý |
|
|
|
|
|
|
|
TaxÌýexpense |
|
|
|
(1,939) |
|
|
|
(1,273) |
|
|
|
|
|
|
|
Net of tax |
|
|
|
8,741Ìý |
|
|
|
6,969Ìý |
|
|
|
|
|
|
|
| Total reclassifications for the period, net of tax |
|
|
$ |
3,348Ìý |
|
|
|
$ |
(63,666) |
|
|
|
|
|
|
|
|