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Derivatives And Hedging Activities (Tables)
 12 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amount of Forward Contracts
The aggregate U.S. dollar notional amount of forward and option contracts entered for these purposes during fiscal years 2025, 2024, and 2023 was as follows:
Fiscal Year Ended March 31,
(in millions)202520242023
Tobacco purchases$108.8 $30.3 $47.1 
Processing costs16.9 4.9 9.7 
Operating costs28.9 — — 
Crop input sales31.1 30.1 35.2 
Total$185.7 $65.3 $92.0 
Effect Of Derivative Financial Instruments On The Consolidated Statements Of Income
The table below outlines the effects of the Company’s use of derivative financial instruments on the consolidated statements of income for the fiscal years ended March 31, 2025, 2024, and 2023.
Fiscal Year Ended March 31,
202520242023
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss$(247)$15,375 $9,804 
Gain (loss) reclassified from accumulated other comprehensive loss into earnings$4,676 $5,592 $(66)
Gain on terminated interest rate swaps amortized from accumulated other comprehensive loss into earnings$2,754 $5,397 $1,570 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earningsInterest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings$— $— $— 
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Hedged Item
Description of hedged itemFloating rate interest payments on term loans
Cash Flow Hedges - Forward Foreign Currency Exchange Contracts
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss$(5,708)$2,088 $5,274 
Gain (loss) reclassified from accumulated other comprehensive loss into earnings$218 $7,996 $4,469 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earningsCost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings$— $1,138 $(520)
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Hedged Item
Description of hedged item Forecast purchases of tobacco and sales of crop inputs in Brazil and Africa
Derivatives Not Designated as Hedges -
Forward Foreign Currency Exchange Contracts
Gain (loss) recognized in earnings$(563)$(3,484)$(4,811)
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Effect Of Derivative Financial Instruments On The Consolidated Balance Sheets
The table below outlines the effects of the Company’s derivative financial instruments on the consolidated balance sheets at March 31, 2025 and 2024:
Derivatives in a Fair Value
Asset Position		Derivatives in a Fair Value
Liability Position
Balance
Sheet
Location		Fair Value as of March 31,Balance
Sheet
Location		Fair Value as of March 31,
2025202420252024
Derivatives Designated as Hedging Instruments
Interest rate swap agreementsOther
non-current
assets		$1,783 $6,706 Other
long-term
liabilities		$— $— 
Forward foreign currency exchange contractsOther
current
assets		11 77 Accounts
payable and
accrued
expenses		5,228 9 
Total$1,794 $6,783 $5,228 $9 
Derivatives Not Designated as Hedging Instruments
Forward foreign currency exchange contractsOther
current
assets		$291 $245 Accounts
payable and
accrued
expenses		$1,440 $12 
Total$291 $245 $1,440 $12 
Substantially all of the Company’s forward foreign currency exchange contracts are subject to master netting arrangements, whereby the right to offset occurs in the event of default by a participating party. The Company has elected to present these contracts on a gross basis in the consolidated balance sheets.