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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 6 Months Ended
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Sep. 30, 2023
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 other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows:
(In thousands) |  | September 2023 |  |  | March 2023 |  | September 2022
Foreign currency translation and other |  | $ | (878,089) |  |  |  | $ | (859,651) |  |  | $ | (883,846) |
Defined benefit pension plans |  | (155,638) |  |  |  | (167,692) |  |  | (166,545) |
Derivative financial instruments |  | 22,022 |  |  |  | 7,825 |  |  | 206,226 |
Accumulated other comprehensive loss |  | $ | (1,011,705) |  |  |  | $ | (1,019,518) |  |  | $ | (844,165) |
The changes in accumulated OCL, net of related taxes, were as follows:
| Three Months Ended September 2023 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, June 2023 | $ | (872,800) |  |  | $ | (161,211) |  |  | $ | (19,518) |  |  | $ | (1,053,529) |  |
Other comprehensive income (loss) before reclassifications | (5,289) |  |  | 2,676 |  |  | 50,043 |  |  | 47,430 |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 2,897 |  |  | (8,503) |  |  | (5,606) |  |
Net other comprehensive income (loss) | (5,289) |  |  | 5,573 |  |  | 41,540 |  |  | 41,824 |  |
Balance, September 2023 | $ | (878,089) |  |  | $ | (155,638) |  |  | $ | 22,022 |  |  | $ | (1,011,705) |  |
| Three Months Ended September 2022 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, June 2022 | $ | (833,166) |  |  | $ | (174,139) |  |  | $ | 132,429 |  |  | $ | (874,876) |  |
Other comprehensive income (loss) before reclassifications | (50,680) |  |  | 4,108 |  |  | 86,329 |  |  | 39,757 |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 3,486 |  |  | (12,532) |  |  | (9,046) |  |
Net other comprehensive income (loss) | (50,680) |  |  | 7,594 |  |  | 73,797 |  |  | 30,711 |  |
Balance, September 2022 | $ | (883,846) |  |  | $ | (166,545) |  |  | $ | 206,226 |  |  | $ | (844,165) |  |
| Six Months Ended September 2023 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2023 | $ | (859,651) |  |  | $ | (167,692) |  |  | $ | 7,825 |  |  | $ | (1,019,518) |  |
Other comprehensive income (loss) before reclassifications | (18,438) |  |  | 3,764 |  |  | 31,441 |  |  | 16,767 |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 8,290 |  |  | (17,244) |  |  | (8,954) |  |
Net other comprehensive income (loss) | (18,438) |  |  | 12,054 |  |  | 14,197 |  |  | 7,813 |  |
Balance, September 2023 | $ | (878,089) |  |  | $ | (155,638) |  |  | $ | 22,022 |  |  | $ | (1,011,705) |  |
| Six Months Ended September 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 | (132,214) |  |  | (10,376) |  |  | 170,384 |  |  | 27,794 |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 74,121 |  |  | (19,501) |  |  | 54,620 |  |
Net other comprehensive income (loss) | (132,214) |  |  | 63,745 |  |  | 150,883 |  |  | 82,414 |  |
Balance, September 2022 | $ | (883,846) |  |  | $ | (166,545) |  |  | $ | 206,226 |  |  | $ | (844,165) |  |
Schedule of Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCL were as follows:
(In thousands) |  |  |  | Three Months Ended September |  |  | Six Months Ended September
Details About Accumulated Other Comprehensive Loss Components | Affected Line Item in the Consolidated Statements of Operations
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses | Other income (expense), net |  |  | $ | (4,170) |  |  |  | $ | (3,953) |  |  |  | $ | (8,402) |  |  |  | $ | (7,674) |
Deferred prior service credits | Other income (expense), net |  |  | 137 |  |  |  | 111 |  |  |  | 272 |  |  |  | 223 |
Pension settlement charges | Other income (expense), net |  |  | (7) |  |  |  | (1,141) |  |  |  | (3,299) |  |  |  | (92,902) |
Total before tax |  |  |  | (4,040) |  |  |  | (4,983) |  |  |  | (11,429) |  |  |  | (100,353) |
Tax benefit |  |  |  | 1,143 |  |  |  | 1,497 |  |  |  | 3,139 |  |  |  | 26,232 |
Net of tax |  |  |  | (2,897) |  |  |  | (3,486) |  |  |  | (8,290) |  |  |  | (74,121) |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Net revenues |  |  | (516) |  |  |  | (6,421) |  |  |  | 574 |  |  |  | (9,955) |
Foreign exchange contracts | Cost of goods sold |  |  | 9,399 |  |  |  | 23,658 |  |  |  | 17,474 |  |  |  | 35,014 |
Foreign exchange contracts | Selling, general and administrative expenses |  |  | 1,007 |  |  |  | 1,955 |  |  |  | 2,308 |  |  |  | 3,564 |
Foreign exchange contracts | Other income (expense), net |  |  | (750) |  |  |  | (4,313) |  |  |  | (1,261) |  |  |  | (5,529) |
Interest rate contracts | Interest expense |  |  | 1,098 |  |  |  | 27 |  |  |  | 1,823 |  |  |  | 54 |
Total before tax |  |  |  | 10,238 |  |  |  | 14,906 |  |  |  | 20,918 |  |  |  | 23,148 |
Tax expense |  |  |  | (1,735) |  |  |  | (2,374) |  |  |  | (3,674) |  |  |  | (3,647) |
Net of tax |  |  |  | 8,503 |  |  |  | 12,532 |  |  |  | 17,244 |  |  |  | 19,501 |
Total reclassifications for the period, net of tax |  |  | $ | 5,606 |  |  |  | $ | 9,046 |  |  |  | $ | 8,954 |  |  |  | $ | (54,620) |

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