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Derivative Instruments (Tables)
 6 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table summarizes the notional volumes for the coffee-related derivative instruments held by the Company at December 31, 2021 and June 30, 2021:
(In thousands)December 31, 2021June 30, 2021
Derivative instruments designated as cash flow hedges:
  Long coffee pounds14,663 14,625 
Derivative instruments not designated as cash flow hedges:
  Long coffee pounds2,921 6,886 
      Total17,584 21,511 
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheets
Fair values of derivative instruments on the Company’s consolidated balance sheets:
Derivative Instruments
Designated as Cash Flow Hedges		Derivative Instruments Not Designated as Accounting Hedges
(In thousands)December 31, 2021June 30, 2021December 31, 2021June 30, 2021
Financial Statement Location:
Short-term derivative assets:
Coffee-related derivative instruments$8,783 $3,823 $1,238 $528 
Long-term derivative assets:
    Coffee-related derivative instruments (1)— 292 — — 
Short-term derivative liabilities:
Coffee-related derivative instruments 25 20 788 3 
Interest rate swap derivative instruments — — 1,331 1,532 
Long-term derivative liabilities:
Coffee-related derivative instruments (2)— — — — 
Interest rate swap derivative instruments (2)— — 710 1,653 
________________
(1) Included in “Other assets” on the Company's consolidated balance sheets.
(2) Included in “Other long-term liabilities” on the Company's consolidated balance sheets.
Schedule of Pretax Effect of Derivative Instruments on Earnings and OCI
The following table presents pretax net gains and losses for the Company's derivative instruments designated as cash flow hedges, as recognized in “AOCI,” “Cost of goods sold” and “Other, net”.
Three Months Ended December 31,Six Months Ended December 31,Financial Statement Classification
(In thousands)2021202020212020
Net losses recognized in AOCI - Interest rate swap
$— $— $— $(304)AOCI
Net losses recognized from AOCI to earnings - Interest rate swap(4)(9)(4)(344)Interest Expense
Net losses reclassified from AOCI to earnings for de-designated Interest rate swap(304)(320)(618)(659)Interest Expense
Net gains (losses) recognized in AOCI - Coffee-related5,132 3,101 10,991 7,366 AOCI
Net gains (losses) recognized in earnings - Coffee - related3,712 240 5,632 604 Cost of
goods sold
Schedule of Net Realized and Unrealized Gains and Losses Recorded in 'Other, net'
Net gains and losses recorded in “Other, net” are as follows:
 Three Months Ended December 31,Six Months Ended December 31,
(In thousands)2021202020212020
Net gains on coffee-related derivative instruments(1)$872 $1,338 $2,422 $1,834 
Non-operating pension and other postretirement benefits(2)895 7,744 1,789 15,488 
Other gains (losses), net— (2)— 317 
             Other, net
$1,767 $9,080 $4,211 $17,639 
___________
(1) Excludes net gains and losses on coffee-related derivative instruments designated as cash flow hedges recorded in cost of goods sold in the three and six months ended December 31, 2021 and 2020.
(2) Presented in accordance with ASU 2017-07.
Schedule of Offsetting Assets
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2021Derivative Assets$10,021 $(813)$— $9,208 
Derivative Liabilities2,854 (813)— 2,041 
June 30, 2021Derivative Assets4,643 (23)— 4,620 
Derivative Liabilities3,208 (23)— 3,185 
Schedule of Offsetting Liabilities
The following table presents the Company’s net exposure from its offsetting derivative asset and liability positions, as well as cash collateral on deposit with its counterparties as of the reporting dates indicated:
(In thousands)Gross Amount Reported on Balance SheetNetting AdjustmentsCash Collateral PostedNet Exposure
December 31, 2021Derivative Assets$10,021 $(813)$— $9,208 
Derivative Liabilities2,854 (813)— 2,041 
June 30, 2021Derivative Assets4,643 (23)— 4,620 
Derivative Liabilities3,208 (23)— 3,185