Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
ASSETS
Cash and cash equivalents	$ 64,690	$ 81,648
Accounts receivable, net	402,073	385,437
Advances to suppliers, net	170,801	129,838
Accounts receivable—unconsolidated affiliates	12,210	4,540
Inventories—at lower of cost or net realizable value:
Tobacco	833,876	822,513
Other	202,907	194,161
Prepaid income taxes	16,493	13,095
Other current assets	99,840	116,779
Total current assets	1,802,890	1,748,011
Property, plant and equipment
Land	24,926	23,959
Buildings	311,138	293,935
Machinery and equipment	689,220	668,451
Total property, plant and equipment	1,025,284	986,345
Less accumulated depreciation	(674,122)	(641,227)
Property, plant and equipment, net	351,162	345,118
Other assets
Operating lease right-of-use assets	40,505	40,243
Goodwill, net	213,922	213,998
Other intangibles, net	80,101	92,571
Investments in unconsolidated affiliates	76,184	81,006
Deferred income taxes	13,091	11,616
Pension asset	9,984	12,667
Other noncurrent assets	51,343	41,115
Total other assets	485,130	493,216
Total assets	2,639,182	2,586,345
Current liabilities
Notes payable and overdrafts	195,564	182,639
Accounts payable	83,213	168,491
Accounts payable—unconsolidated affiliates	5,830	5,308
Customer advances and deposits	3,061	13,724
Accrued compensation	33,108	27,281
Income taxes payable	3,274	7,427
Current portion of operating lease liabilities	11,404	10,303
Accrued expenses and other current liabilities	106,533	103,551
Current portion of long-term debt	0	0
Total current liabilities	441,987	518,724
Long-term debt	616,809	518,547
Pensions and other postretirement benefits	42,769	52,890
Long-term operating lease liabilities	25,540	29,617
Other long-term liabilities	32,512	34,464
Deferred income taxes	42,613	47,334
Total liabilities	1,202,230	1,201,576
Shareholders’ equity
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	337,247	330,662
Retained earnings	1,136,898	1,094,192
Accumulated other comprehensive loss	(77,057)	(84,311)
Total Universal Corporation shareholders' equity	1,397,088	1,340,543
Noncontrolling interests in subsidiaries	39,864	44,226
Total shareholders' equity	1,436,952	1,384,769
Total liabilities and shareholders' equity	$ 2,639,182	$ 2,586,345