Schedule of Accumulated Other Comprehensive Loss |
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | May 31, 2019 | | May 31, 2018 | | May 31, 2019 | | May 31, 2018 | Foreign currency translation | | | | | | | | Beginning balance | $ | (1,042,240 | ) | | $ | (675,752 | ) | | $ | (1,075,268 | ) | | $ | (770,043 | ) | Foreign currency translation | (108,056 | ) | | (240,840 | ) | | (74,444 | ) | | (137,279 | ) | Income tax benefit (expense) | 1,115 |
| | 1,264 |
| | (246 | ) | | 1,081 |
| Portion attributable to noncontrolling interests | 4,321 |
| | 8,579 |
| | 5,098 |
| | (508 | ) | Foreign currency translation, net of tax | (102,620 | ) | | (230,997 | ) | | (69,592 | ) | | (136,706 | ) | Ending balance | (1,144,860 | ) | | (906,749 | ) | | (1,144,860 | ) | | (906,749 | ) | | | | | | | | | Defined benefit plans | | | | | | | | Beginning balance | (392,293 | ) | | (426,500 | ) | | (419,284 | ) | | (440,619 | ) | Actuarial gains (losses) | — |
| | 12,044 |
| | — |
| | 12,044 |
| Pension settlement | — |
| | — |
| | — |
| | 2,119 |
| Prior service costs arising during the period | — |
| | (29,796 | ) | | — |
| | (29,796 | ) | Reclassifications into net periodic pension and post-retirement expense (1) | 8,389 |
| | 9,675 |
| | 39,718 |
| | 28,472 |
| Income tax benefit (expense) | (2,492 | ) | | 4,806 |
| | (6,793 | ) | | (1,386 | ) | Portion attributable to noncontrolling interests | (7 | ) | | 588 |
| | (44 | ) | | (17 | ) | Defined benefit plans, net of tax | 5,890 |
| | (2,683 | ) | | 32,881 |
| | 11,436 |
| Ending balance | (386,403 | ) | | (429,183 | ) | | (386,403 | ) | | (429,183 | ) | | | | | | | | | Cash flow hedges | | | | | | | | Beginning balance | (32,356 | ) | | 33,641 |
| | (84,010 | ) | | 114,635 |
| Unrealized gain (loss) | 142,416 |
| | (33,755 | ) | | 219,441 |
| | (79,140 | ) | Reclassification adjustments into Cost of services | (19,512 | ) | | (21,265 | ) | | (25,772 | ) | | (81,986 | ) | Income tax benefit (expense) | (26,395 | ) | | 14,506 |
| | (45,436 | ) | | 36,145 |
| Portion attributable to noncontrolling interests | (127 | ) | | (3,287 | ) | | (197 | ) | | 186 |
| Cash flow hedges, net of tax | 96,382 |
| | (43,801 | ) | | 148,036 |
| | (124,795 | ) | Ending balance (2) | 64,026 |
| | (10,160 | ) | | 64,026 |
| | (10,160 | ) | | | | | | | | | Investments | | | | | | | | Beginning balance | 1,876 |
| | 2,345 |
| | 2,391 |
| | 1,243 |
| Unrealized gain (loss) | (1,454 | ) | | — |
| | (1,970 | ) | | 1,454 |
| Income tax benefit (expense) | 305 |
| | — |
| | 305 |
| | (305 | ) | Portion attributable to noncontrolling interests | 1 |
| | 46 |
| | 2 |
| | (1 | ) | Investments, net of tax | (1,148 | ) | | 46 |
| | (1,663 | ) | | 1,148 |
| Ending balance | 728 |
| | 2,391 |
| | 728 |
| | 2,391 |
| | | | | | | | | Accumulated other comprehensive loss | $ | (1,466,509 | ) | | $ | (1,343,701 | ) | | $ | (1,466,509 | ) | | $ | (1,343,701 | ) |
_______________ | | (1) | Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing, General and administrative costs and non-operating expenses. |
(2) As of May 31, 2019, $55,844 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.
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