| Schedule of Accumulated Other Comprehensive Loss |
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | February 28, 2021 | | February 29, 2020 | | February 28, 2021 | | February 29, 2020 | | Foreign currency translation | | | | | | | | | Beginning balance | $ | (942,967) | | | $ | (1,170,245) | | | $ | (1,010,279) | | | $ | (1,207,975) | | | Foreign currency translation | 102,008 | | | (48,678) | | | 169,451 | | | (8,533) | | | Income tax benefit (expense) | (2,464) | | | 43 | | | (1,151) | | | (1,221) | | | Portion attributable to noncontrolling interests | (545) | | | 1,187 | | | (1,989) | | | 36 | | | Foreign currency translation, net of tax | 98,999 | | | (47,448) | | | 166,311 | | | (9,718) | | | Ending balance | (843,968) | | | (1,217,693) | | | (843,968) | | | (1,217,693) | | | | | | | | | | | Defined benefit plans | | | | | | | | | Beginning balance | (604,342) | | | (663,571) | | | (615,223) | | | (672,323) | | | | | | | | | | | | | | | | | | | | | | | | | | Reclassifications into net periodic pension and
post-retirement expense (1) | 13,742 | | | 13,828 | | | 27,337 | | | 26,612 | | | Income tax benefit (expense) | (3,476) | | | (4,011) | | | (6,178) | | | (8,032) | | | Portion attributable to noncontrolling interests | (11) | | | (12) | | | (23) | | | (23) | | | Defined benefit plans, net of tax | 10,255 | | | 9,805 | | | 21,136 | | | 18,557 | | | Ending balance | (594,087) | | | (653,766) | | | (594,087) | | | (653,766) | | | | | | | | | | | Cash flow hedges | | | | | | | | | Beginning balance | 68,107 | | | 53,120 | | | 63,714 | | | 38,993 | | | Unrealized gain (loss) | (35,026) | | | 38,155 | | | (9,662) | | | 76,563 | | | Reclassification adjustments into Cost of services | (14,391) | | | (18,796) | | | (35,286) | | | (38,815) | | | Income tax benefit (expense) | 8,882 | | | (3,987) | | | 8,811 | | | (8,231) | | | Portion attributable to noncontrolling interests | 45 | | | (18) | | | 40 | | | (36) | | | Cash flow hedges, net of tax | (40,490) | | | 15,354 | | | (36,097) | | | 29,481 | | | Ending balance (2) | 27,617 | | | 68,474 | | | 27,617 | | | 68,474 | | | | | | | | | | | Investments | | | | | | | | | Beginning balance | — | | | 728 | | | (49) | | | 728 | | | Unrealized gain (loss) | — | | | — | | | 49 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | Investments, net of tax | — | | | — | | | 49 | | | — | | | Ending balance | — | | | 728 | | | — | | | 728 | | | | | | | | | | | Accumulated other comprehensive loss | $ | (1,410,438) | | | $ | (1,802,257) | | | $ | (1,410,438) | | | $ | (1,802,257) | |
(1)Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing, General and administrative costs and non-operating expenses. (2)As of February 28, 2021, $51,087 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.
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