Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Mar. 31, 2023

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

Changes in AOCI by Component

The changes in AOCI by component, net of tax, for the three-month periods ended March 31, 2023 and 2022 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, December 31, 2022	$	6,127		$	(182,750)	$	7,533		$	(169,090)
OCI before reclassification	29			4,663		(1,471)			3,221
Amounts reclassified from AOCI	(205)		(a)	(231)		(771)		(b)	(1,207)
Net current-period OCI	(176)			4,432		(2,242)			2,014
Balance, March 31, 2023	$	5,951		$	(178,318)	$	5,291		$	(167,076)
Attributable to noncontrolling interest:
Balance, December 31, 2022	$	—		$	259	$	—		$	259
OCI before reclassification	—			(5)		—			(5)
Net current-period OCI	—			(5)		—			(5)
Balance, March 31, 2023	$	—		$	254	$	—		$	254

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, December 31, 2021	$	(1,797)		$	(157,240)	$	(77)		$	(159,114)
OCI before reclassification	23			(5,864)		3,538			(2,303)
Amounts reclassified from AOCI	(50)		(a)	(317)		554		(b)	187
Net current-period OCI	(27)			(6,181)		4,092			(2,116)
Balance, March 31, 2022	$	(1,824)		$	(163,421)	$	4,015		$	(161,230)
Attributable to noncontrolling interest:
Balance, December 31, 2021	$	—		$	245	$	—		$	245
OCI before reclassification	—			4		—			4
Net current-period OCI	—			4		—			4
Balance, March 31, 2022	$	—		$	249	$	—		$	249

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).

(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8).

Note 12.   Accumulated Other Comprehensive Income (continued)

The changes in AOCI by component, net of tax, for the six-month periods ended March 31, 2023 and 2022 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, September 30, 2022	$	5,182		$	(203,310)	$	7,937		$	(190,191)
OCI before reclassification	232			25,426		(1,378)			24,280
Amounts reclassified from AOCI	537		(a)	(434)		(1,268)		(b)	(1,165)
Net current-period OCI	769			24,992		(2,646)			23,115
Balance, March 31, 2023	$	5,951		$	(178,318)	$	5,291		$	(167,076)
Attributable to noncontrolling interest:
Balance, September 30, 2022	$	—		$	255	$	—		$	255
OCI before reclassification	—			(1)		—			(1)
Net current-period OCI	—			(1)		—			(1)
Balance, March 31, 2023	$	—		$	254	$	—		$	254

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, September 30, 2021	$	(35,930)		$	(155,251)	$	(1,558)		$	(192,739)
OCI before reclassification	10,741			(7,577)		4,413			7,577
Amounts reclassified from AOCI	23,365		(a)	(593)		1,160		(b)	23,932
Net current-period OCI	34,106			(8,170)		5,573			31,509
Balance, March 31, 2022	$	(1,824)		$	(163,421)	$	4,015		$	(161,230)
Attributable to noncontrolling interest:
Balance, September 30, 2021	$	—		$	241	$	—		$	241
OCI before reclassification	—			8		—			8
Net current-period OCI	—			8		—			8
Balance, March 31, 2022	$	—		$	249	$	—		$	249

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).

(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8).

Reclassifications out of AOCI

Reclassifications out of AOCI for the three and six-month periods ended March 31, 2023 and 2022 were as follows:

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended March 31, 2023		Six Months Ended March 31, 2023		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	91	$	182
Actuarial losses	183		370		Other income (deductions), net
Settlement loss	—		(1,271)		Other income (deductions), net
	274		(719)		Income before income tax (b)
	(69)		182		Income taxes
	$	205	$	(537)	Net income
Derivatives
Cash flow hedges	$	1,032	$	1,697	Interest expense
Net investment hedges	309		581		Interest expense
	1,341		2,278		Income before income tax (b)
	(339)		(576)		Income taxes
	$	1,002	$	1,702	Net income

Details about AOCI Components	Three Months Ended March 31, 2022		Six Months Ended March 31, 2022		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	157	$	201
Actuarial losses	(91)		(292)		Other income (deductions), net
Settlement losses	—		(30,856)		Other income (deductions), net
	66		(30,947)		Income before income tax (b)
	(16)		7,582		Income taxes
	$	50	$	(23,365)	Net income
Derivatives
Cash flow hedges	$	(735)	$	(1,536)	Interest expense
Net investment hedges	420		785		Interest expense
	(315)		(751)		Income before income tax (b)
	78		184		Income taxes
	$	(237)	$	(567)	Net income

(a) Prior service cost amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses. For additional information, see Note 11.

(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.