Quarterly report [Sections 13 or 15(d)]

Accumulated Other Comprehensive Income

v3.25.2
Accumulated Other Comprehensive Income
9 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The changes in AOCI by component, net of tax, for the three-month periods ended June 30, 2025 and 2024 were as follows:
     Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total
Attributable to Matthews:            
Balance, March 31, 2025   $ 4,533  $ (180,882)   $ 1,175  $ (175,174)
OCI before reclassification   208  6,264    (1,195) 5,277 
Amounts reclassified from AOCI (164)
(a)
92,537  (204)
(b)
92,169 
Net current-period OCI 44 
 
98,801 
 
(1,399)   97,446 
Balance, June 30, 2025 $ 4,577  $ (82,081)   $ (224)   $ (77,728)
Attributable to noncontrolling interest:              
Balance, March 31, 2025   $ —  $ 289    $ —    $ 289 
OCI before reclassification   —  —    —    — 
Net current-period OCI   —  —    —  — 
Balance, June 30, 2025   $ —  $ 289    $ —  $ 289 

     Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total
Attributable to Matthews:            
Balance, March 31, 2024   $ 6,398  $ (184,537)   $ 5,635  $ (172,504)
OCI before reclassification   (22) (738)   105  (655)
Amounts reclassified from AOCI (212)
(a)
(232) (506)
(b)
(950)
Net current-period OCI   (234) (970)   (401) (1,605)
Balance, June 30, 2024   $ 6,164  $ (185,507)   $ 5,234  $ (174,109)
Attributable to noncontrolling interest:            
Balance, June 30, 2024   $ —  $ 288    $ —  $ 288 
OCI before reclassification   —  — 
 
—  — 
Net current-period OCI   —  —    —  — 
Balance, June 30, 2024   $ —  $ 288 
 
$ —  $ 288 
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans.
(b) Amounts were included in interest expense in the periods in which 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, 2025 and 2024 were as follows:
     Post-retirement benefit plans Currency translation adjustment   Cash Flow Hedges Total
Attributable to Matthews:            
Balance, September 30, 2024   $ 4,955  $ (174,623)   $ 926  $ (168,742)
OCI before reclassification   125  (6,343)   (408) (6,626)
Amounts reclassified from AOCI (503)
(a)
98,885  (742)
(b)
97,640 
Net current-period OCI (378)
 
92,542    (1,150) 91,014 
Balance, June 30, 2025   $ 4,577  $ (82,081)   $ (224) $ (77,728)
Attributable to noncontrolling interest:            
Balance, September 30, 2024   $ —  $ 289    $ —  $ 289 
OCI before reclassification   —  —    —  — 
Net current-period OCI   —  —    —  — 
Balance, June 30, 2025   $ —  $ 289    $ —  $ 289 

     Post-retirement benefit plans Currency translation adjustment   Cash Flow Hedges Total
Attributable to Matthews:            
Balance, September 30, 2023   $ 6,760  $ (190,196)   $ 9,032  $ (174,404)
OCI before reclassification   37  5,364    (2,301) 3,100 
Amounts reclassified from AOCI (633)
(a)
(675) (1,497)
(b)
(2,805)
Net current-period OCI   (596) 4,689    (3,798) 295 
Balance, June 30, 2024   $ 6,164  $ (185,507)   $ 5,234  $ (174,109)
Attributable to noncontrolling interest:            
Balance, September 30, 2023   $ —  $ 266    $ —  $ 266 
OCI before reclassification   —  22 
 
—  22 
Net current-period OCI   —  22    —  22 
Balance, June 30, 2024   $ —  $ 288 
 
$ —  $ 288 
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans.
(b) Amounts were included in interest expense in the periods in which the hedged item affected earnings (see Note 8).
Note 12.   Accumulated Other Comprehensive Income (continued)

Reclassifications out of AOCI for the three and nine-month periods ended June 30, 2025 and 2024 were as follows:

  Amount reclassified from AOCI
 
Details about AOCI Components
Three Months Ended June 30, 2025   Nine Months Ended June 30, 2025 Affected line item in the
Financial Statements
Postretirement benefit plans           
Prior service credit (a)
$ 90  $ 270   
Actuarial losses 129  403  Other income (deductions), net
  219  673 
Income before income tax (b)
  (55)
 
(170) Income taxes
  $ 164 
 
$ 503  Net income
Derivatives  
 
      
Cash flow hedges $ 273 
 
$ 993  Interest expense
Net investment hedges 191  847  Interest expense
  464  1,840 
Income before income tax (b)
  (116)   (458) Income taxes
  $ 348    $ 1,382  Net income
Other
Sale of SGK Business $ (92,681) $ (92,681) Gain on sale of SGK Business
Other divestitures —  (6,844)
Other current liabilities (c)
 
 
Details about AOCI Components
Three Months Ended
June 30, 2024
  Nine Months Ended
June 30, 2024
Affected line item in the Statement of income
Postretirement benefit plans         
Prior service credit (a)
$ 91  $ 273   
Actuarial losses 193  574  Other income (deductions), net
  284  847 
Income before income tax (b)
(72)
 
(214) Income taxes
  $ 212 
 
$ 633  Net income
Derivatives
 
    
Cash flow hedges $ 678 
 
$ 2,005  Interest expense
Net investment hedges 306  891  Interest expense
  984  2,896 
Income before income tax (b)
  (246)
 
(724) Income taxes
  $ 738    $ 2,172  Net income
(a) Prior service cost amounts are included in the computation of pension and other postretirement benefit expense, which is reported in cost of goods sold and selling and administrative expenses.
(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.
(c) Reflects the release of a reserve that was established for currency translation amounts related to certain net assets classified as held-for-sale as of September 30, 2024. See Note 15, "Acquisitions and Divestitures."