Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Feb. 28, 2023

Changes in Accumulated Other Comprehensive Income (Loss) By Component


					Total
	Net		Net		Accumulated
	Unrecognized		Unrecognized		Other
	Actuarial		Hedge Gains		Comprehensive
(In thousands, net of income taxes)	Losses		(Losses)		Income (Loss)
Balance as of February 29, 2020	$	(121,302)	$	(28,769)	$	(150,071)
Other comprehensive income (loss) before reclassifications	25,729		(12,616)		13,113
Amounts reclassified from accumulated other
comprehensive income (loss)	2,911		15,356		18,267
Other comprehensive income	28,640		2,740		31,380
Balance as of February 28, 2021	(92,662)		(26,029)		(118,691)
Other comprehensive income before reclassifications	17,034		40,211		57,245
Amounts reclassified from accumulated other
comprehensive income (loss)	2,627		12,397		15,024
Other comprehensive income	19,661		52,608		72,269
Balance as of February 28, 2022	(73,001)		26,579		(46,422)
Other comprehensive income before reclassifications	26,477		136,192		162,669
Amounts reclassified from accumulated other
comprehensive income (loss)	1,934		(20,312)		(18,378)
Other comprehensive income	28,411		115,880		144,291
Balance as of February 28, 2023	$	(44,590)	$	142,459	$	97,869

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


	Years Ended February 28
(In thousands)	2023		2022		2021
Retirement Benefit Plans (Note 12):
Actuarial gain arising during the year	$	34,836	$	22,517	$	33,913
Tax expense	(8,359)		(5,483)		(8,184)
Actuarial gain arising during the year, net of tax	26,477		17,034		25,729
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	1,084		1,451		1,617
CarMax Auto Finance income	70		84		108
Selling, general and administrative expenses	1,391		1,938		2,112
Total amortization reclassifications recognized in net pension expense	2,545		3,473		3,837
Tax expense	(611)		(846)		(926)
Amortization reclassifications recognized in net
pension expense, net of tax	1,934		2,627		2,911
Net change in retirement benefit plan unrecognized
actuarial losses, net of tax	28,411		19,661		28,640

Cash Flow Hedges (Note 6):
Changes in fair value	180,510		54,105		(17,122)
Tax (expense) benefit	(44,318)		(13,894)		4,506
Changes in fair value, net of tax	136,192		40,211		(12,616)
Reclassifications to CarMax Auto Finance income	(26,859)		16,680		20,841
Tax benefit (expense)	6,547		(4,283)		(5,485)
Reclassification of hedge (gains) losses, net of tax	(20,312)		12,397		15,356
Net change in cash flow hedge unrecognized gains, net of tax	115,880		52,608		2,740
Total other comprehensive income, net of tax	$	144,291	$	72,269	$	31,380