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Accumulated Other Comprehensive Loss
 6 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the six months ended December 31, 2024:
(in thousands)Pension and other postretirement benefitsCurrency translation adjustmentDerivativesTotal
Attributable to Kennametal:
Balance, June 30, 2024
$(221,308)$(216,263)$2,983 $(434,588)
Other comprehensive income (loss) before reclassifications616 (20,905)1,085 (19,204)
Amounts reclassified from AOCL3,724 — (392)3,332 
Net other comprehensive income (loss)4,340 (20,905)693 (15,872)
AOCL, December 31, 2024
$(216,968)$(237,168)$3,676 $(450,460)
Attributable to noncontrolling interests:
Balance, June 30, 2024
$— $(8,680)$— $(8,680)
Other comprehensive loss before reclassifications— (1,055)— (1,055)
Net other comprehensive loss— (1,055)— (1,055)
AOCL, December 31, 2024
$— $(9,735)$— $(9,735)

The components of, and changes in, AOCL were as follows, net of tax, for the six months ended December 31, 2023:
(in thousands)Pension and other postretirement benefitsCurrency translation adjustmentDerivativesTotal
Attributable to Kennametal:
Balance, June 30, 2023
$(215,435)$(202,641)$3,733 $(414,343)
Other comprehensive (loss) income before reclassifications(235)11,576 (59)11,282 
Amounts reclassified from AOCL2,125 — (385)1,740 
Net other comprehensive income (loss)1,890 11,576 (444)13,022 
AOCL, December 31, 2023
$(213,545)$(191,065)$3,289 $(401,321)
Attributable to noncontrolling interests:
Balance, June 30, 2023
$— $(8,139)$— $(8,139)
Other comprehensive income before reclassifications— 28 — 28 
Net other comprehensive income— 28 — 28 
AOCL, December 31, 2023
$— $(8,111)$— $(8,111)
Reclassifications out of AOCL for the three and six months ended December 31, 2024 and 2023 consisted of the following:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2024202320242023Affected line item in the Income Statement
(Gain) loss on cash flow hedges:
Forward starting interest rate swaps$(255)$(255)$(511)$(511)Interest expense
Currency exchange contracts31 — (8)— Cost of goods sold
Total before tax(224)(255)(519)(511)
Tax impact55 63 127 126 Provision for income taxes
Net of tax$(169)$(192)$(392)$(385)
Pension and other postretirement benefits:
Amortization of transition obligations$— $19 $— $38 Other (income) expense, net
Amortization of prior service credit(65)(64)(132)(129)Other (income) expense, net
Recognition of actuarial losses2,141 1,463 4,280 2,943 Other (income) expense, net
Settlement— — 836 — Other (income) expense, net
Total before tax2,076 1,418 4,984 2,852 
Tax impact(537)(347)(1,260)(727)Provision for income taxes
Net of tax$1,539 $1,071 $3,724 $2,125 

The amount of income tax allocated to each component of other comprehensive (loss) income for the three months ended December 31, 2024 and 2023 were as follows:
20242023
(in thousands)Pre-taxTax impactNet of taxPre-taxTax impactNet of tax
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges$1,548 $(379)$1,169 $(78)$19 $(59)
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges(224)55 (169)(255)63 (192)
Unrecognized net pension and other postretirement benefit plans gain (loss)4,313 (1,122)3,191 (2,378)626 (1,752)
Reclassification of net pension and other postretirement benefit plans loss2,076 (537)1,539 1,418 (347)1,071 
Foreign currency translation adjustments(56,998)— (56,998)31,681 110 31,791 
Other comprehensive (loss) income$(49,285)$(1,983)$(51,268)$30,388 $471 $30,859