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Stockholders' Deficit (Tables)
9 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Information Regarding Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax, by Component
Information regarding changes in accumulated other comprehensive loss, including noncontrolling interests, by components for the three months ended December 31, 2024 and 2023 was as follows:
Foreign Currency Translation Adjustments
(In millions)
Foreign Currency Translation Adjustments, Net of Tax (1)
Unrealized Gains (Losses) on Net Investment Hedges,
Net of Tax (2)
Unrealized Gains (Losses) on Cash Flow and Other Hedges,
Net of Tax (3)
Unrealized Losses and Other Components of Benefit Plans, Net of TaxTotal Accumulated Other Comprehensive Loss
Balance, September 30, 2024$(843)$(22)$(6)$(19)$(890)
Other comprehensive income (loss) before reclassifications(239)79 11 (147)
Amounts reclassified to earnings and other (4)
48 — — — 48 
Other comprehensive income (loss)(191)79 11 (99)
Balance, December 31, 2024$(1,034)$57 $$(17)$(989)
(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Norway into the Company’s reporting currency, U.S. dollars.
(2)Amounts recorded for the three months ended December 31, 2024 include gains of $106 million related to net investment hedges from cross-currency swaps, which are net of income tax expense of $27 million.
(3)Amounts recorded for the three months ended December 31, 2024 include gains of $16 million related to cash flow and other hedges from cross-currency swaps and losses of $1 million related to cash flow hedges from foreign currency forwards. These amounts are net of income tax expense of $4 million.
(4)Amounts recorded for the three months ended December 31, 2024 include adjustments related to the Canadian retail disposal group, as discussed in more detail in Financial Note 2, “Business Acquisitions and Divestitures,”. These amounts were included in the current and
prior periods calculation of charges to remeasure the assets and liabilities held for sale to fair value less costs to sell recorded within “Selling, distribution, general, and administrative expenses” in the Company’s Condensed Consolidated Statements of Operations.
Foreign Currency Translation Adjustments
(In millions)
Foreign Currency Translation Adjustments, Net of Tax (1)
Unrealized Losses on Net Investment Hedges,
Net of Tax (2)
Unrealized Gains (Losses) on Cash Flow and Other Hedges,
Net of Tax
Unrealized Gains (Losses) and Other Components of Benefit Plans, Net of TaxTotal Accumulated Other Comprehensive Loss
Balance, September 30, 2023$(864)$(9)$(4)$(10)$(887)
Other comprehensive income (loss) before reclassifications92 (20)(1)76 
Amounts reclassified to earnings and other— — — (1)(1)
Other comprehensive income (loss)92 (20)(2)75 
Balance, December 31, 2023$(772)$(29)$$(12)$(812)
(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Norway into the Company’s reporting currency, U.S. dollars.
(2)Amounts recorded for the three months ended December 31, 2023 include losses of $27 million related to net investment hedges from cross-currency swaps, which are net of income tax benefit of $7 million.
Information regarding changes in accumulated other comprehensive loss, including noncontrolling interests, by components for the nine months ended December 31, 2024 and 2023 was as follows:
Foreign Currency Translation Adjustments
(In millions)
Foreign Currency Translation Adjustments, Net of Tax (1)
Unrealized Gains (Losses) on Net Investment Hedges,
Net of Tax (2)
Unrealized Gains on Cash Flow and Other Hedges,
Net of Tax (3)
Unrealized Losses and Other Components of Benefit Plans, Net of TaxTotal Accumulated Other Comprehensive Loss
Balance, March 31, 2024$(856)$(12)$$(16)$(881)
Other comprehensive income (loss) before reclassifications(226)69 — (155)
Amounts reclassified to earnings and other
48 (4)— — (1)47 
Other comprehensive income (loss)(178)69 (1)(108)
Balance, December 31, 2024$(1,034)$57 $$(17)$(989)
(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Norway into the Company’s reporting currency, U.S. dollars.
(2)Amounts recorded for the nine months ended December 31, 2024 include gains of $93 million related to net investment hedges from cross-currency swaps, which are net of income tax expense of $24 million.
(3)Amounts recorded for the nine months ended December 31, 2024 include gains of $2 million related to cash flow and other hedges from cross-currency swaps and gains of $1 million related to cash flow hedges from foreign currency forwards. These amounts are net of income tax expense of $1 million.
(4)Amounts recorded for the nine months ended December 31, 2024 include adjustments related to the Canadian retail disposal group, as discussed in more detail in Financial Note 2, “Business Acquisitions and Divestitures,”. These amounts were included in the current and prior periods calculation of charges to remeasure the assets and liabilities held for sale to fair value less costs to sell recorded within “Selling, distribution, general, and administrative expenses” in the Company’s Condensed Consolidated Statements of Operations.
Foreign Currency Translation Adjustments
(In millions)
Foreign Currency Translation Adjustments, Net of Tax (1)
Unrealized Losses on Net Investment Hedges,
Net of Tax (2)
Unrealized Gains (Losses) on Cash Flow and Other Hedges,
Net of Tax
Unrealized Losses and Other Components of Benefit Plans, Net of TaxTotal Accumulated Other Comprehensive Loss
Balance, March 31, 2023$(847)$(14)$(36)$(8)$(905)
Other comprehensive income (loss) before reclassifications75 (15)37 (2)95 
Amounts reclassified to earnings and other— — — (2)(2)
Other comprehensive income (loss)75 (15)37 (4)93 
Balance, December 31, 2023$(772)$(29)$$(12)$(812)
(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Norway into the Company’s reporting currency, U.S. dollars.
(2)Amounts recorded for the nine months ended December 31, 2023 include losses of $20 million related to net investment hedges from cross-currency swaps, which are net of income tax benefit of $5 million.