Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2023 and 2022 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, March 31, 2023	$	5,951		$	(178,318)	$	5,291		$	(167,076)
OCI before reclassification	(5)			1,135		2,745			3,875
Amounts reclassified from AOCI	(205)		(a)	(212)		(238)		(b)	(655)
Net current-period OCI	(210)			923		2,507			3,220
Balance, June 30, 2023	$	5,741		$	(177,395)	$	7,798		$	(163,856)
Attributable to noncontrolling interest:
Balance, March 31, 2023	$	—		$	254	$	—		$	254
OCI before reclassification	—			(31)		—			(31)
Net current-period OCI	—			(31)		—			(31)
Balance, June 30, 2023	$	—		$	223	$	—		$	223

	Post-retirement benefit plans			Currency translation adjustment		Cash Flow Hedges			Total
Attributable to Matthews:
Balance, March 31, 2022	$	(1,824)		$	(163,421)	$	4,015		$	(161,230)
OCI before reclassification	69			(18,970)		1,223			(17,678)
Amounts reclassified from AOCI	(52)		(a)	(323)		353		(b)	(22)
Net current-period OCI	17			(19,293)		1,576			(17,700)
Balance, June 30, 2022	$	(1,807)		$	(182,714)	$	5,591		$	(178,930)
Attributable to noncontrolling interest:
Balance, March 31, 2022	$	—		$	249	$	—		$	249
OCI before reclassification	—			15		—			15
Net current-period OCI	—			15		—			15
Balance, June 30, 2022	$	—		$	264	$	—		$	264

(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 nine-month periods ended June 30, 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	226			26,561		1,367			28,154
Amounts reclassified from AOCI	333		(a)	(646)		(1,506)		(b)	(1,819)
Net current-period OCI	559			25,915		(139)			26,335
Balance, June 30, 2023	$	5,741		$	(177,395)	$	7,798		$	(163,856)
Attributable to noncontrolling interest:
Balance, September 30, 2022	$	—		$	255	$	—		$	255
OCI before reclassification	—			(32)		—			(32)
Net current-period OCI	—			(32)		—			(32)
Balance, June 30, 2023	$	—		$	223	$	—		$	223

	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	10,810			(26,547)		5,636			(10,101)
Amounts reclassified from AOCI	23,313		(a)	(916)		1,513		(b)	23,910
Net current-period OCI	34,123			(27,463)		7,149			13,809
Balance, June 30, 2022	$	(1,807)		$	(182,714)	$	5,591		$	(178,930)
Attributable to noncontrolling interest:
Balance, September 30, 2021	$	—		$	241	$	—		$	241
OCI before reclassification	—			23		—			23
Net current-period OCI	—			23		—			23
Balance, June 30, 2022	$	—		$	264	$	—		$	264

(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 nine-month periods ended June 30, 2023 and 2022 were as follows:

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended June 30, 2023		Nine Months Ended June 30, 2023		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	92	$	274
Actuarial losses	182		552		Other income (deductions), net
Settlement loss	—		(1,271)		Other income (deductions), net
	274		(445)		Income before income tax (b)
	(69)		112		Income taxes
	$	205	$	(333)	Net income
Derivatives
Cash flow hedges	$	317	$	2,014	Interest expense
Net investment hedges	284		866		Interest expense
	601		2,880		Income before income tax (b)
	(151)		(728)		Income taxes
	$	450	$	2,152	Net income

Details about AOCI Components	Three Months Ended June 30, 2022		Nine Months Ended June 30, 2022		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	157	$	358
Actuarial losses	(88)		(380)		Other income (deductions), net
Settlement losses	—		(30,856)		Other income (deductions), net
	69		(30,878)		Income before income tax (b)
	(17)		7,565		Income taxes
	$	52	$	(23,313)	Net income
Derivatives
Cash flow hedges	$	(470)	$	(2,006)	Interest expense
Net investment hedges	428		1,213		Interest expense
	(42)		(793)		Income before income tax (b)
	12		196		Income taxes
	$	(30)	$	(597)	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.