Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Aug. 31, 2025

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive (Loss) Income

Changes in Accumulated Other Comprehensive (Loss) Income By Component

					Total
	Net		Net		Accumulated
	Unrecognized		Unrecognized		Other
	Actuarial		Hedge		Comprehensive
(In thousands, net of income taxes)	Losses		Gains		(Loss) Income
Balance as of February 28, 2025	$	(36,008)	$	39,088	$	3,080
Other comprehensive loss before reclassifications	—		(9,625)		(9,625)
Amounts reclassified from accumulated other comprehensive (loss) income	152		(14,913)		(14,761)
Other comprehensive income (loss)	152		(24,538)		(24,386)
Balance as of August 31, 2025	$	(35,856)	$	14,550	$	(21,306)

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

	Three Months Ended August 31				Six Months Ended August 31
(In thousands)	2025		2024		2025		2024
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	43	$	49	$	87	$	99
CarMax Auto Finance income	3		3		7		7
Selling, general and administrative expenses	53		58		105		115
Total amortization reclassifications recognized in net pension expense	99		110		199		221
Tax expense	(23)		(25)		(47)		(52)
Amortization reclassifications recognized in net pension expense, net of tax	76		85		152		169
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	76		85		152		169
Cash Flow Hedges (Note 5):
Changes in fair value	(8,117)		(55,748)		(12,711)		(38,239)
Tax benefit	1,971		13,639		3,086		9,411
Changes in fair value, net of tax	(6,146)		(42,109)		(9,625)		(28,828)
Reclassifications to CarMax Auto Finance income	(9,231)		(14,010)		(19,695)		(28,508)
Tax benefit	2,241		3,413		4,782		6,945
Reclassification of hedge gains, net of tax	(6,990)		(10,597)		(14,913)		(21,563)
Net change in cash flow hedge unrecognized gains, net of tax	(13,136)		(52,706)		(24,538)		(50,391)
Total other comprehensive loss, net of tax	$	(13,060)	$	(52,621)	$	(24,386)	$	(50,222)

Changes in the funded status of our retirement plans and changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognized in accumulated other comprehensive (loss) income. The cumulative balances are net of deferred taxes of $6.3 million as of August 31, 2025 and $1.5 million as of February 28, 2025.