Accumulated Other Comprehensive Loss |
4. 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, 2021 | | May 31, 2020 | | May 31, 2021 | | May 31, 2020 | Foreign currency translation | | | | | | | | Beginning balance | $ | (843,968) | | | $ | (1,217,693) | | | $ | (1,010,279) | | | $ | (1,207,975) | | Foreign currency translation | 72,565 | | | (106,621) | | | 242,016 | | | (115,154) | | Income tax benefit (expense) | (583) | | | 3,698 | | | (1,734) | | | 2,477 | | Portion attributable to noncontrolling interests | (3,903) | | | 2,173 | | | (5,892) | | | 2,209 | | Foreign currency translation, net of tax | 68,079 | | | (100,750) | | | 234,390 | | | (110,468) | | Ending balance | (775,889) | | | (1,318,443) | | | (775,889) | | | (1,318,443) | | | | | | | | | | Defined benefit plans | | | | | | | | Beginning balance | (594,087) | | | (653,766) | | | (615,223) | | | (672,323) | | | | | | | | | | | | | | | | | | | | | | | | | | Reclassifications into net periodic pension and post-retirement expense (1) | 13,698 | | | 13,718 | | | 41,035 | | | 40,330 | | Income tax benefit (expense) | (2,638) | | | (3,001) | | | (8,816) | | | (11,033) | | Portion attributable to noncontrolling interests | (12) | | | (13) | | | (35) | | | (36) | | Defined benefit plans, net of tax | 11,048 | | | 10,704 | | | 32,184 | | | 29,261 | | Ending balance | (583,039) | | | (643,062) | | | (583,039) | | | (643,062) | | | | | | | | | | Cash flow hedges | | | | | | | | Beginning balance | 27,617 | | | 68,474 | | | 63,714 | | | 38,993 | | Unrealized gain (loss) | 118,720 | | | (109,481) | | | 109,058 | | | (32,918) | | Reclassification adjustments into Cost of services | (33,043) | | | (4,547) | | | (68,329) | | | (43,362) | | Income tax benefit (expense) | (15,045) | | | 12,387 | | | (6,234) | | | 4,156 | | Portion attributable to noncontrolling interests | (78) | | | 125 | | | (38) | | | 89 | | Cash flow hedges, net of tax | 70,554 | | | (101,516) | | | 34,457 | | | (72,035) | | Ending balance (2) | 98,171 | | | (33,042) | | | 98,171 | | | (33,042) | | | | | | | | | | Investments | | | | | | | | Beginning balance | — | | | 728 | | | (49) | | | 728 | | Unrealized gain (loss) | — | | | — | | | 49 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | Investments, net of tax | — | | | — | | | 49 | | | — | | Ending balance | — | | | 728 | | | — | | | 728 | | | | | | | | | | Accumulated other comprehensive loss | $ | (1,260,757) | | | $ | (1,993,819) | | | $ | (1,260,757) | | | $ | (1,993,819) | |
(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, 2021, $99,577 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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