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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)20242023
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 translation3,933 (3,481)
Less: Net (gain) loss on foreign currency translation attributable to noncontrolling interests393 263 
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes4,326 (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.