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Derivatives And Hedging Activities (Tables)
6 Months Ended
Sep. 30, 2025
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 six-month periods in fiscal years 2026 and 2025 was as follows:
Six Months Ended September 30,
(in millions of dollars)20252024
Tobacco purchases$42.2 $97.0 
Processing costs8.3 15.2 
Operating costs16.1 28.9 
Total
$66.6 $141.1 
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 September 30,Six Months Ended September 30,
(in thousands of dollars)2025202420252024
Cash Flow Hedges - Interest Rate Swap Agreements
Derivative
Effective Portion of Hedge
Gain (loss) recorded in accumulated other comprehensive loss$273 $(8,969)$(1,420)$(6,346)
Gain (loss) reclassified from accumulated other comprehensive loss into earnings
$706 $1,514 $1,398 $2,989 
Gain on terminated interest rate swaps amortized from accumulated other comprehensive loss into earnings
$689 $688 $1,377 $1,377 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings
Interest expense
Ineffective Portion of Hedge
Gain (loss) recognized in earnings$— $— $— $— 
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$151 $2,685 $1,103 $(2,552)
Gain (loss) reclassified from accumulated other comprehensive loss into earnings
$(2,365)$12 $(2,577)$604 
Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings
Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
Gain (loss) recognized in earnings$— $— $— $— 
Location of gain (loss) recognized in earningsSelling, general and administrative expenses
Hedged Item
Description of hedged item
 Forecast purchases of tobacco and sales of crop inputs in Brazil
Derivatives Not Designated as Hedges - Foreign Currency Exchange Contracts
Gain (loss) recognized in earnings$(1,156)$(2,352)$(326)$(589)
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 September 30, 2025 and 2024, and March 31, 2025:
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)September 30, 2025September 30, 2024March 31, 2025September 30, 2025September 30, 2024March 31, 2025
Derivatives Designated as Hedging Instruments
Interest rate swap agreements Other
non-current
assets
$— $— $1,783 Other
long-term
liabilities
$1,035 $2,629 $— 
Foreign currency exchange contractsOther
current
assets
224 — 11 Accounts
payable and
accrued
expenses
— 3,626 5,228 
Total$224 $— $1,794 $1,035 $6,255 $5,228 
Derivatives Not Designated as Hedging Instruments
Foreign currency exchange contractsOther
current
assets
$436 $144 $291 Accounts
payable and
accrued
expenses
$819 $3,344 $1,440 
Total$436 $144 $291 $819 $3,344 $1,440