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Derivative Instruments (Tables)
 6 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at December 31, 2024 and June 30, 2024:
(In thousands)December 31, 2024June 30, 2024
Derivative instruments designated as cash flow hedges:
  Long coffee pounds750 — 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds38 71 
      Total788 71 
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the Company’s consolidated balance sheets:
Derivative Instruments
Designated as Cash Flow Hedges		Derivative Instruments Not Designated as Accounting Hedges
(In thousands)December 31, 2024June 30, 2024December 31, 2024June 30, 2024
Financial Statement Location:
Short-term coffee-related derivative assets $— $— $550 $11 
    Long-term coffee-related derivative assets (1)— — — 33 
Short-term coffee-related derivative liabilities5 — 2,619 730 
Long-term coffee-related derivative liabilities (2)— — — 1,505 
________________
(1) Included in “Other Assets” on the Company's consolidated balance sheets.
(2) Included in “Other long-term liabilities” on the Company's consolidated balance sheets.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI
The following table presents pretax net gains and losses for the Company's derivative instruments designated as cash flow hedges, as recognized in “AOCI” and “Cost of goods sold”.
Three Months Ended December 31,Six Months Ended December 31,Financial Statement Classification
(In thousands)2024202320242023
Net gain (losses) recognized in AOCI - Coffee-related(6)606 1 151 AOCI
Net gains (losses) recognized in earnings - Coffee-related181 (802)303 (630)Cost of goods sold
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'
Net gains and losses recorded in “Other, net” are as follows:
 Three Months Ended December 31,Six Months Ended December 31,
(In thousands)2024202320242023
Net (losses) gains on coffee-related derivative instruments (1)$(2,055)$(1,177)$(3,486)$202 
Non-operating pension and other postretirement benefits1,012 915 2,024 1,831 
Other gains, net2,076 586 2,245 1,162 
             Other, net $1,033 $324 $783 $3,195 
___________
(1) Excludes net gains and losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 2024 and 2023.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table provides the balances and changes in accumulated other comprehensive income (loss) related to derivative instruments for the indicated periods:
Three Months Ended December 31,Six Months Ended December 31,
(In thousands)2024202320242023
Accumulated other comprehensive loss beginning balance$269 $1,803 $154 $1,176 
Net losses (gains) recognized in AOCI - Coffee-related6 (606)(1)(151)
Net gains (losses) recognized in earnings - Coffee-related181 (802)303 (630)
Accumulated other comprehensive loss ending balance$456 $395 $456 $395 
Schedule of Offsetting Assets
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2024Derivative Assets$550 $(550)$— $— 
Derivative Liabilities2,624 (550)— 2,074 
June 30, 2024Derivative Assets44 (44)— — 
Derivative Liabilities2,235 (44)— 2,191 
Schedule of Offsetting Liabilities
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2024Derivative Assets$550 $(550)$— $— 
Derivative Liabilities2,624 (550)— 2,074 
June 30, 2024Derivative Assets44 (44)— — 
Derivative Liabilities2,235 (44)— 2,191