Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Nov. 30, 2022

Changes in Accumulated Other Comprehensive Income (Loss) By Component


					Total
	Net		Net		Accumulated
	Unrecognized		Unrecognized		Other
	Actuarial		Hedge		Comprehensive
(In thousands, net of income taxes)	Losses		Gains		Income (Loss)
Balance as of February 28, 2022	$	(73,001)	$	26,579	$	(46,422)
Other comprehensive income before reclassifications	—		113,510		113,510
Amounts reclassified from accumulated other comprehensive income (loss)	1,444		(11,112)		(9,668)
Other comprehensive income	1,444		102,398		103,842
Balance as of November 30, 2022	$	(71,557)	$	128,977	$	57,420

Changes In and Reclassifications Out of Accumulated Other Comprehensive Income (Loss)


	Three Months Ended November 30				Nine Months Ended November 30
(In thousands)	2022		2021		2022		2021
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	272	$	367	$	810	$	1,083
CarMax Auto Finance income	19		21		51		64
Selling, general and administrative expenses	346		481		1,048		1,458
Total amortization reclassifications recognized in net pension expense	637		869		1,909		2,605
Tax expense	(155)		(210)		(465)		(629)
Amortization reclassifications recognized in net pension expense, net of tax	482		659		1,444		1,976
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	482		659		1,444		1,976

Cash Flow Hedges (Note 6):
Changes in fair value	42,521		11,339		152,731		8,668
Tax expense	(10,919)		(2,985)		(39,221)		(2,282)
Changes in fair value, net of tax	31,602		8,354		113,510		6,386
Reclassifications to CarMax Auto Finance income	(8,965)		4,111		(14,951)		13,610
Tax benefit (expense)	2,302		(1,082)		3,839		(3,582)
Reclassification of hedge (gains) losses, net of tax	(6,663)		3,029		(11,112)		10,028
Net change in cash flow hedge unrecognized gains, net of tax	24,939		11,383		102,398		16,414
Total other comprehensive income, net of tax	$	25,421	$	12,042	$	103,842	$	18,390