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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
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 OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands) |  | December 2022 |  |  | March 2022 |  | December 2021
Foreign currency translation and other |  | $ | (841,877) |  |  |  | $ | (751,632) |  |  | $ | (712,831) |
Defined benefit pension plans |  | (164,346) |  |  |  | (230,290) |  |  | (248,971) |
Derivative financial instruments |  | 76,635 |  |  |  | 55,343 |  |  | 24,345 |
Accumulated other comprehensive income (loss) |  | $ | (929,588) |  |  |  | $ | (926,579) |  |  | $ | (937,457) |
The changes in accumulated OCI, net of related taxes, were as follows:
| Three Months Ended December 2022 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, September 2022 | $ | (883,846) |  |  | $ | (166,545) |  |  | $ | 206,226 |  |  | $ | (844,165) |  |
Other comprehensive income (loss) before reclassifications | 41,969 |  |  | (850) |  |  | (101,665) |  |  | (60,546) |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 3,049 |  |  | (27,926) |  |  | (24,877) |  |
Net other comprehensive income (loss) | 41,969 |  |  | 2,199 |  |  | (129,591) |  |  | (85,423) |  |
Balance, December 2022 | $ | (841,877) |  |  | $ | (164,346) |  |  | $ | 76,635 |  |  | $ | (929,588) |  |
| Three Months Ended December 2021 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, September 2021 | $ | (687,120) |  |  | $ | (255,635) |  |  | $ | 1,921 |  |  | $ | (940,834) |  |
Other comprehensive income (loss) before reclassifications | (25,711) |  |  | 383 |  |  | 11,961 |  |  | (13,367) |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 6,281 |  |  | 10,463 |  |  | 16,744 |  |
Net other comprehensive income (loss) | (25,711) |  |  | 6,664 |  |  | 22,424 |  |  | 3,377 |  |
Balance, December 2021 | $ | (712,831) |  |  | $ | (248,971) |  |  | $ | 24,345 |  |  | $ | (937,457) |  |
| Nine Months Ended December 2022 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2022 | $ | (751,632) |  |  | $ | (230,290) |  |  | $ | 55,343 |  |  | $ | (926,579) |  |
Other comprehensive income (loss) before reclassifications | (90,245) |  |  | (11,226) |  |  | 68,719 |  |  | (32,752) |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 77,170 |  |  | (47,427) |  |  | 29,743 |  |
Net other comprehensive income (loss) | (90,245) |  |  | 65,944 |  |  | 21,292 |  |  | (3,009) |  |
Balance, December 2022 | $ | (841,877) |  |  | $ | (164,346) |  |  | $ | 76,635 |  |  | $ | (929,588) |  |
| Nine Months Ended December 2021 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2021 | $ | (700,173) |  |  | $ | (257,747) |  |  | $ | (51,080) |  |  | $ | (1,009,000) |  |
Other comprehensive income (loss) before reclassifications | (12,658) |  |  | (2,355) |  |  | 35,973 |  |  | 20,960 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 11,131 |  |  | 39,452 |  |  | 50,583 |  |
Net other comprehensive income (loss) | (12,658) |  |  | 8,776 |  |  | 75,425 |  |  | 71,543 |  |
Balance, December 2021 | $ | (712,831) |  |  | $ | (248,971) |  |  | $ | 24,345 |  |  | $ | (937,457) |  |
Schedule of Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCI were as follows:
(In thousands) |  |  |  | Three Months Ended December |  |  | Nine Months Ended December
Details About Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Consolidated Statements of Operations
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021
Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses | Other income (expense), net |  |  | $ | (3,858) |  |  |  | $ | (2,858) |  |  |  | $ | (11,532) |  |  |  | $ | (8,569) |
Deferred prior service credits | Other income (expense), net |  |  | 112 |  |  |  | 117 |  |  |  | 335 |  |  |  | 352 |
Pension settlement charges | Other income (expense), net |  |  | (695) |  |  |  | (5,660) |  |  |  | (93,597) |  |  |  | (6,684) |
Total before tax |  |  |  | (4,441) |  |  |  | (8,401) |  |  |  | (104,794) |  |  |  | (14,901) |
Tax benefit |  |  |  | 1,392 |  |  |  | 2,120 |  |  |  | 27,624 |  |  |  | 3,770 |
Net of tax |  |  |  | (3,049) |  |  |  | (6,281) |  |  |  | (77,170) |  |  |  | (11,131) |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Net revenues |  |  | (2,759) |  |  |  | (9,284) |  |  |  | (18,243) |  |  |  | (16,045) |
Foreign exchange contracts | Cost of goods sold |  |  | 27,019 |  |  |  | (3,974) |  |  |  | 44,780 |  |  |  | (26,644) |
Foreign exchange contracts | Selling, general and administrative expenses |  |  | 1,816 |  |  |  | 688 |  |  |  | 5,380 |  |  |  | (418) |
Foreign exchange contracts | Other income (expense), net |  |  | 6,802 |  |  |  | 104 |  |  |  | 24,055 |  |  |  | (2,958) |
Interest rate contracts | Interest expense |  |  | 27 |  |  |  | 27 |  |  |  | 81 |  |  |  | 81 |
Total before tax |  |  |  | 32,905 |  |  |  | (12,439) |  |  |  | 56,053 |  |  |  | (45,984) |
Tax (expense) benefit |  |  |  | (4,979) |  |  |  | 1,976 |  |  |  | (8,626) |  |  |  | 6,532 |
Net of tax |  |  |  | 27,926 |  |  |  | (10,463) |  |  |  | 47,427 |  |  |  | (39,452) |
Total reclassifications for the period, net of tax |  |  | $ | 24,877 |  |  |  | $ | (16,744) |  |  |  | $ | (29,743) |  |  |  | $ | (50,583) |

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