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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Mar. 31, 2025
Disclosure Text Block [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 13. Accumulated Other Comprehensive Income (Loss)

A summary of our AOCI components, net of tax, were as follows:

 

 

 

Foreign Currency Translation

 

 

Unrealized
Net Gains
(Losses) on
Investments
and Impact
of LFPB
Discount
Rates (a)

 

 

Fair Value of Cash Flow Hedges

 

 

Postretirement Benefit Obligation Net Loss

 

 

Accumulated Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

(In thousands)

 

Balance as of March 31, 2022

$

 

(55,757

)

$

 

56,737

 

$

 

(444

)

$

 

(2,442

)

$

 

(1,906

)

Foreign currency translation

 

 

(782

)

 

 

 

 

 

 

 

 

 

 

 

(782

)

Unrealized net gains (losses) on investments and future policy benefits discount rate remeasurement gains (losses)

 

 

 

 

 

(289,477

)

 

 

 

 

 

 

 

 

(289,477

)

Change in fair value of cash flow hedges

 

 

 

 

 

 

 

 

5,033

 

 

 

 

 

 

5,033

 

Amounts reclassified into earnings on hedging activities

 

 

 

 

 

 

 

 

(582

)

 

 

 

 

 

(582

)

Change in post retirement benefit obligations

 

 

 

 

 

 

 

 

 

 

 

2,091

 

 

 

2,091

 

Other comprehensive income (loss)

 

 

(782

)

 

 

(289,477

)

 

 

4,451

 

 

 

2,091

 

 

 

(283,717

)

Balance as of March 31, 2023

$

 

(56,539

)

$

 

(232,740

)

$

 

4,007

 

$

 

(351

)

$

 

(285,623

)

Foreign currency translation

 

 

2,832

 

 

 

 

 

 

 

 

 

 

 

 

2,832

 

Unrealized net gains (losses) on investments and future policy benefits discount rate remeasurement gains (losses)

 

 

 

 

 

55,857

 

 

 

 

 

 

 

 

 

55,857

 

Change in fair value of cash flow hedges

 

 

 

 

 

 

 

 

6,410

 

 

 

 

 

 

6,410

 

Amounts reclassified into earnings on hedging activities

 

 

 

 

 

 

 

 

(4,087

)

 

 

 

 

 

(4,087

)

Change in post retirement benefit obligations

 

 

 

 

 

 

 

 

 

 

 

1,395

 

 

 

1,395

 

Other comprehensive income (loss)

 

 

2,832

 

 

 

55,857

 

 

 

2,323

 

 

 

1,395

 

 

 

62,407

 

Balance as of March 31, 2024

$

 

(53,707

)

$

 

(176,883

)

$

 

6,330

 

$

 

1,044

 

$

 

(223,216

)

Foreign currency translation

 

 

(3,833

)

 

 

 

 

 

 

 

 

 

 

 

(3,833

)

Unrealized net gains (losses) on investments and future policy benefits discount rate remeasurement gains (losses)

 

 

 

 

 

2,563

 

 

 

 

 

 

 

 

 

2,563

 

Change in fair value of cash flow hedges

 

 

 

 

 

 

 

 

3,705

 

 

 

 

 

 

3,705

 

Amounts reclassified into earnings on hedging activities

 

 

 

 

 

 

 

 

(10,091

)

 

 

 

 

 

(10,091

)

Change in post retirement benefit obligations

 

 

 

 

 

 

 

 

 

 

 

1,558

 

 

 

1,558

 

Other comprehensive income (loss)

 

 

(3,833

)

 

 

2,563

 

 

 

(6,386

)

 

 

1,558

 

 

 

(6,098

)

Balance as of March 31, 2025

$

 

(57,540

)

$

 

(174,320

)

$

 

(56

)

$

 

2,602

 

$

 

(229,314

)

(a) Liability for future policy benefits