Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of, and changes in accumulated other comprehensive loss

The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the three months ended September 30, 2022:

(in thousands)	Pension and other postretirement benefits		Currency translation adjustment		Derivatives		Total
Attributable to Kennametal:
Balance, June 30, 2022	$	(208,406)	$	(210,048)	$	4,503	$	(413,951)
Other comprehensive income (loss) before reclassifications	3,324		(51,184)		—		(47,860)
Amounts reclassified from AOCL	806		—		(192)		614
Net other comprehensive income (loss)	4,130		(51,184)		(192)		(47,246)
AOCL, September 30, 2022	$	(204,276)	$	(261,232)	$	4,311	$	(461,197)
Attributable to noncontrolling interests:
Balance, June 30, 2022	$	—	$	(7,547)	$	—	$	(7,547)
Other comprehensive loss before reclassifications	—		(1,765)		—		(1,765)
Net other comprehensive loss	—		(1,765)		—		(1,765)
AOCL, September 30, 2022	$	—	$	(9,312)	$	—	$	(9,312)

The components of, and changes in, AOCL were as follows, net of tax, for the three months ended September 30, 2021:

(in thousands)	Pension and other postretirement benefits		Currency translation adjustment		Derivatives		Total
Attributable to Kennametal:
Balance, June 30, 2021	$	(213,172)	$	(122,428)	$	5,273	$	(330,327)
Other comprehensive income (loss) before reclassifications	1,904		(16,021)		—		(14,117)
Amounts reclassified from AOCL	2,215		—		(192)		2,023
Net other comprehensive income (loss)	4,119		(16,021)		(192)		(12,094)
AOCL, September 30, 2021	$	(209,053)	$	(138,449)	$	5,081	$	(342,421)
Attributable to noncontrolling interests:
Balance, June 30, 2021	$	—	$	(3,982)	$	—	$	(3,982)
Other comprehensive loss before reclassifications	—		(455)		—		(455)
Net other comprehensive loss	—		(455)		—		(455)
AOCL, September 30, 2021	$	—	$	(4,437)	$	—	$	(4,437)

Reclassification out of Accumulated Other Comprehensive Loss

Reclassifications out of AOCL for the three months ended September 30, 2022 and 2021 consisted of the following:

	Three Months Ended September 30,
(in thousands)	2022		2021		Affected line item in the Income Statement
Gains on cash flow hedges:
Forward starting interest rate swaps	$	(255)	$	(255)	Interest expense
Total before tax	(255)		(255)
Tax impact	63		63		Provision for income taxes
Net of tax	$	(192)	$	(192)
Pension and other postretirement benefits:
Amortization of transition obligations	$	21	$	24	Other income, net
Amortization of prior service credit	(66)		(66)		Other income, net
Recognition of actuarial losses	1,153		3,044		Other income, net
Total before tax	1,108		3,002
Tax impact	(302)		(787)		Provision for income taxes
Net of tax	$	806	$	2,215

Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block]

The amount of income tax allocated to each component of other comprehensive loss for the three months ended September 30, 2022 and 2021 were as follows:

			2022						2021
(in thousands)	Pre-tax		Tax impact		Net of tax		Pre-tax		Tax impact		Net of tax
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges	$	(255)	$	63	$	(192)	$	(255)	$	63	$	(192)
Unrecognized net pension and other postretirement benefit plans gain	4,479		(1,155)		3,324		2,598		(694)		1,904
Reclassification of net pension and other postretirement benefit plans loss	1,108		(302)		806		3,002		(787)		2,215
Foreign currency translation adjustments	(52,799)		(150)		(52,949)		(16,457)		(19)		(16,476)
Other comprehensive loss	$	(47,467)	$	(1,544)	$	(49,011)	$	(11,112)	$	(1,437)	$	(12,549)