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Derivatives And Hedging Activities (Tables)
9 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amount of Forward Contracts
The aggregate U.S. dollar notional amounts of forward and option contracts entered into for these purposes during the nine-month periods in fiscal years 2025 and 2024 was as follows:
Nine Months Ended December 31,
(in millions of dollars)20242023
Tobacco purchases$101.4 $30.3 
Processing costs15.7 4.9 
Operating costs28.9 — 
Total
$146.0 $35.2 
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:
Three Months Ended December 31,Nine Months Ended December 31,
(in thousands of dollars)2024202320242023
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss$9,936 $(10,249)$3,590 $7,815 
Gain (loss) reclassified from accumulated other comprehensive loss into earnings
$997 $1,479 $3,986 $4,105 
Gain on terminated interest rate swaps amortized from accumulated other comprehensive loss into earnings
$688 $1,570 $2,065 $4,709 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings
Interest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings$— $— $— $— 
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Hedged Item
Description of hedged itemFloating rate interest payments on term loans
Cash Flow Hedges - Foreign Currency Exchange Contracts
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss$(10,217)$— $(12,769)$2,019 
Gain (loss) reclassified from accumulated other comprehensive loss into earnings
$(142)$2,190 $462 $6,330 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings
Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings$— $— $— $1,138 
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Hedged Item
Description of hedged item
 Forecast purchases of tobacco in Brazil
Derivatives Not Designated as Hedges - Foreign Currency Exchange Contracts
Gain (loss) recognized in earnings$1,127 $(3,241)$538 $(4,010)
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 December 31, 2024 and 2023, and March 31, 2024:
Derivatives in a Fair Value Asset PositionDerivatives in a Fair Value Liability Position
Balance
Sheet
Location
Fair Value as ofBalance
Sheet
Location
Fair Value as of
(in thousands of dollars)December 31, 2024December 31, 2023March 31, 2024December 31, 2024December 31, 2023March 31, 2024
Derivatives Designated as Hedging Instruments
Interest rate swap agreements Other
non-current
assets
$6,310 $633 $6,706 Other
long-term
liabilities
$— $— $— 
Foreign currency exchange contractsOther
current
assets
— — 77 Accounts
payable and
accrued
expenses
13,843 — 
Total$6,310 $633 $6,783 $13,843 $— $
Derivatives Not Designated as Hedging Instruments
Foreign currency exchange contractsOther
current
assets
$628 $183 $245 Accounts
payable and
accrued
expenses
$3,392 $1,377 $12 
Total$628 $183 $245 $3,392 $1,377 $12