| 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 2019 |
|
|
March 2019 |
|
June 2018 |
Foreign currency translation and other |
|
$ |
(635,901 |
) |
|
|
$ |
(725,679 |
) |
|
$ |
(651,739 |
) |
Defined benefit pension plans |
|
(290,468 |
) |
|
|
(243,184 |
) |
|
(230,517 |
) |
Derivative financial instruments |
|
58,983 |
|
|
|
66,788 |
|
|
178 |
|
Accumulated other comprehensive income (loss) |
|
$ |
(867,386 |
) |
|
|
$ |
(902,075 |
) |
|
$ |
(882,078 |
) |
The changes in accumulated OCI, net of related taxes, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2019 |
|
(In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
Balance, March 2019 |
$ |
(725,679 |
) |
|
$ |
(243,184 |
) |
|
$ |
66,788 |
|
|
$ |
(902,075 |
) |
|
Adoption of new accounting standard, ASU 2018-02 |
(9,088 |
) |
|
(50,402 |
) |
|
(2,371 |
) |
|
(61,861 |
) |
|
Other comprehensive income (loss) before reclassifications |
15,772 |
|
|
(823 |
) |
|
10,900 |
|
|
25,849 |
|
|
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
3,147 |
|
|
(7,739 |
) |
|
(4,592 |
) |
|
Spin-off of Jeans Business |
83,094 |
|
|
794 |
|
|
(8,595 |
) |
|
75,293 |
|
|
Net other comprehensive income (loss) |
89,778 |
|
|
(47,284 |
) |
|
(7,805 |
) |
|
34,689 |
|
|
Balance, June 2019 |
$ |
(635,901 |
) |
|
$ |
(290,468 |
) |
|
$ |
58,983 |
|
|
$ |
(867,386 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2018 |
(In thousands) |
Foreign Currency Translation and Other |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
Balance, March 2018 |
$ |
(476,869 |
) |
|
$ |
(289,618 |
) |
|
$ |
(97,543 |
) |
|
$ |
(864,030 |
) |
Other comprehensive income (loss) before reclassifications |
(174,870 |
) |
|
40,228 |
|
|
83,271 |
|
|
(51,371 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
18,873 |
|
|
14,450 |
|
|
33,323 |
|
Net other comprehensive income (loss) |
(174,870 |
) |
|
59,101 |
|
|
97,721 |
|
|
(18,048 |
) |
Balance, June 2018 |
$ |
(651,739 |
) |
|
$ |
(230,517 |
) |
|
$ |
178 |
|
|
$ |
(882,078 |
) |
|
| Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCI were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
|
Affected Line Item in the Consolidated Statements of Income |
|
|
Three Months Ended June |
| |
| |
|
|
|
|
|
|
| |
|
|
2019 |
|
|
2018 |
| |
Amortization of defined benefit pension plans: |
|
|
|
|
|
|
| |
Net deferred actuarial losses |
Other income (expense), net |
|
|
$ |
(4,019 |
) |
|
|
$ |
(8,822 |
) |
| |
Deferred prior service costs |
Other income (expense), net |
|
|
(13 |
) |
|
|
(669 |
) |
| |
Pension curtailment losses and settlement charges |
Other income (expense), net |
|
|
— |
|
|
|
(16,325 |
) |
| |
Total before tax |
|
|
|
(4,032 |
) |
|
|
(25,816 |
) |
| |
Tax benefit |
|
|
|
885 |
|
|
|
6,943 |
|
| |
Net of tax |
|
|
|
(3,147 |
) |
|
|
(18,873 |
) |
| |
Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
| |
Foreign exchange contracts |
Net sales |
|
|
(2,905 |
) |
|
|
945 |
|
| |
Foreign exchange contracts |
Cost of goods sold |
|
|
11,105 |
|
|
|
(11,938 |
) |
| |
Foreign exchange contracts |
Selling, general and administrative expenses |
|
|
716 |
|
|
|
(2,698 |
) |
| |
Foreign exchange contracts |
Other income (expense), net |
|
|
2,872 |
|
|
|
(1,393 |
) |
| |
Interest rate contracts |
Interest expense |
|
|
(1,293 |
) |
|
|
(1,233 |
) |
| |
Total before tax |
|
|
|
10,495 |
|
|
|
(16,317 |
) |
| |
Tax (expense) benefit |
|
|
|
(2,756 |
) |
|
|
1,867 |
|
| |
Net of tax |
|
|
|
7,739 |
|
|
|
(14,450 |
) |
| |
Total reclassifications for the period, net of tax |
|
|
$ |
4,592 |
|
|
|
$ |
(33,323 |
) |
|