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Derivatives And Hedging Activities (Tables)
12 Months Ended
Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amount of Forward Contracts
 
 
Fiscal Year Ended March 31,
(in millions)
 
2013
 
2012
 
2011
Tobacco purchases
 
$
158.9

 
$
182.5

 
$
235.2

Processing costs
 
34.3

 
48.3

 
48.5

Total
 
$
193.2

 
$
230.8

 
$
283.7

Effect Of Derivative Financial Instruments On The Consolidated Statements Of Income
 
 
Fiscal Year Ended March 31,
 
 
2013
 
2012
 
2011
Fair Value Hedges - Interest Rate Swap Agreements
 
 
 
 
 
 
Derivative
 
 
 
 
 
 
Gain (loss) recognized in earnings
 
$

 
$
3,195

 
$
428

Location of gain (loss) recognized in earnings
 
Interest expense
Hedged Item
 
 
 
 
 
 
Description of hedged item
 
Fixed rate long-term debt
Gain (loss) recognized in earnings
 
$

 
$
(3,195
)
 
$
(428
)
Location of gain (loss) recognized in earnings
 
Interest expense
 
 
 
 
 
 
 
Cash Flow Hedges - Interest Rate Swap Agreements
 
 
 
 
 
 
Derivative
 
 
 
 
 
 
Effective Portion of Hedge
 
 
 
 
 
 
Gain (loss) recorded in accumulated other comprehensive loss
 
$
(1,470
)
 
$
(1,119
)
 
$

Gain (loss) reclassified from accumulated other comprehensive loss into earnings
 
$
(910
)
 
$

 
$

Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings
 
Interest expense
Ineffective Portion of Hedge
 
 
 
 
 
 
Gain (loss) recognized in earnings
 
$

 
$

 
$

Location of gain (loss) recognized in earnings
 
Selling, general and administrative expenses
Hedged Item
 
 
 
 
 
 
Description of hedged item
 
Floating rate interest payments on term loan
 
 
 
 
 
 
 
Cash Flow Hedges - Forward Foreign Currency Exchange Contracts
 
 
 
 
 
 
Derivative
 
 
 
 
 
 
Effective Portion of Hedge
 
 
 
 
 
 
Gain (loss) recorded in accumulated other comprehensive loss
 
$
(8,709
)
 
$
2,652

 
$
2,476

Gain (loss) reclassified from accumulated other comprehensive
loss into earnings
 
$
(8,741
)
 
$
5,882

 
$
100

Location of gain (loss) reclassified from accumulated other
comprehensive loss into earnings
 
Cost of goods sold
Ineffective Portion and Early De-designation of Hedges
 
 
 
 
 
 
Gain (loss) recognized in earnings
 
$
(1,325
)
 
$
857

 
$
113

Location of gain (loss) recognized in earnings
 
Selling, general and administrative expenses
Hedged Item
 
 
 
 
 
 
Description of hedged item
 
 Forecast purchases of tobacco in Brazil
 
 
 
 
 
 
 
Derivatives Not Designated as Hedges -
Forward Foreign Currency Exchange Contracts
 
 
 
 
 
 
Gain (loss) recognized in earnings
 
$
(3,115
)
 
$
1,829

 
$
2,594

Location of gain (loss) recognized in earnings
 
Selling, general and administrative expenses

Effect Of Derivative Financial Instruments On The Consolidated Balance Sheets
 
 
Derivatives in a Fair Value Asset Position
 
Derivatives in a Fair Value Liability Position
 
 
Balance
Sheet
Location
 
Fair Value as of March 31,
 
Balance
Sheet
Location
 
Fair Value as of March 31,
 
 
 
2013
 
2012
 
 
2013
 
2012
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreements designated
as fair value hedges
 
Other
non-current
assets
 
$

 
$

 
Long-term
obligations
 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreements designated
as cash flow hedges
 
Other
non-current
assets
 

 

 
Other
long-term
liabilities
 
1,679

 
1,119

 
 
 
 
 
 
 
 
 
 
 
 
 
Forward foreign currency exchange contracts
designated as cash flow hedges
 
Other
current
assets
 

 
83

 
Accounts
payable and
accrued
expenses
 
810

 
925

Total
 
 
 
$

 
$
83

 
 
 
$
2,489

 
$
2,044

 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
 
 
 
Forward foreign currency exchange contracts
 
Other
current
assets
 
$

 
$
273

 
Accounts
payable and
accrued
expenses
 
$
331

 
$
427

Total
 
 
 
$

 
$
273

 
 
 
$
331

 
$
427