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, 2022 | | May 31, 2021 | | May 31, 2022 | | May 31, 2021 | Foreign currency translation | | | | | | | | Beginning balance | $ | (1,186,417) | | | $ | (843,968) | | | $ | (975,064) | | | $ | (1,010,279) | | Foreign currency translation | (235,827) | | | 72,565 | | | (455,075) | | | 242,016 | | Income tax benefit (expense) | 110 | | | (583) | | | 2,477 | | | (1,734) | | Portion attributable to noncontrolling interests | 4,406 | | | (3,903) | | | 9,934 | | | (5,892) | | Foreign currency translation, net of tax | (231,311) | | | 68,079 | | | (442,664) | | | 234,390 | | Ending balance | (1,417,728) | | | (775,889) | | | (1,417,728) | | | (775,889) | | | | | | | | | | Defined benefit plans | | | | | | | | Beginning balance | (563,385) | | | (594,087) | | | (559,958) | | | (615,223) | | | | | | | | | | | | | | | | | | | | | | | | | | Reclassifications into net periodic pension and post-retirement expense | 12,579 | | | 13,698 | | | 7,881 | | | 41,035 | | Income tax benefit (expense) | (2,276) | | | (2,638) | | | (1,009) | | | (8,816) | | Portion attributable to noncontrolling interests | (11) | | | (12) | | | (7) | | | (35) | | Defined benefit plans, net of tax | 10,292 | | | 11,048 | | | 6,865 | | | 32,184 | | Ending balance | (553,093) | | | (583,039) | | | (553,093) | | | (583,039) | | | | | | | | | | Cash flow hedges | | | | | | | | Beginning balance | 74,317 | | | 27,617 | | | 115,525 | | | 63,714 | | Unrealized gain (loss) | (37,978) | | | 118,720 | | | (31,924) | | | 109,058 | | Reclassification adjustments into Cost of services | (27,449) | | | (33,043) | | | (78,142) | | | (68,329) | | Income tax benefit (expense) | 7,724 | | | (15,045) | | | 11,111 | | | (6,234) | | Portion attributable to noncontrolling interests | 61 | | | (78) | | | 105 | | | (38) | | Cash flow hedges, net of tax | (57,642) | | | 70,554 | | | (98,850) | | | 34,457 | | Ending balance (1) | 16,675 | | | 98,171 | | | 16,675 | | | 98,171 | | | | | | | | | | Investments | | | | | | | | Beginning balance | — | | | — | | | — | | | (49) | | Unrealized gain (loss) | — | | | — | | | — | | | 49 | | | | | | | | | | | | | | | | | | | | | | | | | | Investments, net of tax | — | | | — | | | — | | | 49 | | Ending balance | — | | | — | | | — | | | — | | | | | | | | | | Accumulated other comprehensive loss | $ | (1,954,146) | | | $ | (1,260,757) | | | $ | (1,954,146) | | | $ | (1,260,757) | |
(1)As of May 31, 2022, $42,073 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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