XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.25.1

Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
--- | ---
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss), Net of Tax | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) attributable to the Company for the six months ended September 30, 2024 and 2023:
|  | Six Months Ended September 30,
(in thousands of dollars) |  | 2024 |  | 2023
Foreign currency translation: |  |  |  |
Balance at beginning of year |  | $ | (44,815) |  |  | $ | (44,233) |
Other comprehensive income (loss) attributable to Universal Corporation: |  |  |  |
Net gain (loss) on foreign currency translation |  | 3,933 |  |  | (3,481) |
Less: Net (gain) loss on foreign currency translation attributable to noncontrolling interests |  | 393 |  |  | 263 |
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes |  | 4,326 |  |  | (3,218) |
Balance at end of period |  | $ | (40,489) |  |  | $ | (47,451) |
Foreign currency hedge: |  |  |  |
Balance at beginning of year |  | $ | (616) |  |  | $ | 4,899 |
Other comprehensive income (loss) attributable to Universal Corporation: |  |  |  |
Net gain (loss) on derivative instruments (net of tax (expense) benefit of $515 and $(53)) |  | (911) |  |  | (812) |
Reclassification of (gain) loss to earnings (net of tax expense (benefit) of $145 and $908) (1) |  | (507) |  |  | (2,817) |
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes |  | (1,418) |  |  | (3,629) |
Balance at end of period |  | $ | (2,034) |  |  | $ | 1,270 |
Interest rate hedge: |  |  |  |
Balance at beginning of year |  | $ | 8,488 |  |  | $ | 5,253 |
Other comprehensive income (loss) attributable to Universal Corporation: |  |  |  |
Net gain (loss) on derivative instruments (net of tax (expense) benefit of $1,779 and $(4,769)) |  | (4,567) |  |  | 13,295 |
Reclassification of (gain) loss to earnings (net of tax expense (benefit) of $1,224 and $1,522) (2) |  | (3,142) |  |  | (4,243) |
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes |  | (7,709) |  |  | 9,052 |
Balance at end of period |  | $ | 779 |  |  | $ | 14,305 |
Pension and other postretirement benefit plans: |  |  |  |
Balance at beginning of year |  | $ | (44,642) |  |  | $ | (42,976) |
Other comprehensive income (loss) attributable to Universal Corporation: |  |  |  |
Amortization included in earnings (net of tax expense (benefit) of $0 and $(33))(3) |  | (770) |  |  | 185 |
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes |  | (770) |  |  | 185 |
Balance at end of period |  | $ | (45,412) |  |  | $ | (42,791) |
Total accumulated other comprehensive loss at end of period |  | $ | (87,156) |  |  | $ | (74,667) |
(1) Gain (loss) on foreign currency cash flow hedges related to forecast purchases of tobacco and crop input sales is reclassified from accumulated other comprehensive income (loss) to cost of goods sold when the tobacco is sold to customers. See Note 8 for additional information. (2) Gain (loss) on interest rate cash flow hedges is reclassified from accumulated other comprehensive income (loss) to interest expense when the related interest payments are made on the underlying debt, or as amortized to interest expense over the period to original maturity for terminated swap agreements. See Note 8 for additional information. (3) This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. See Note 10 for additional information.

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration