XML 29 R19.htm IDEA: XBRL DOCUMENT v3.24.0.1
Accumulated Other Comprehensive Income
3 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The changes in AOCI by component, net of tax, for the three-month periods ended December 31, 2023 and 2022 were as follows:
   Post-retirement benefit plansCurrency translation adjustmentCash Flow HedgesTotal
Attributable to Matthews:      
Balance, September 30, 2023 $6,760 $(190,196) $9,032 $(174,404)
OCI before reclassification 131 11,881  (4,389)7,623 
Amounts reclassified from AOCI(211)
(a)
(196)(492)
(b)
(899)
Net current-period OCI(80)
 
11,685 
 
(4,881) 6,724 
Balance, December 31, 2023$6,680 $(178,511) $4,151  $(167,680)
Attributable to noncontrolling interest:       
Balance, September 30, 2023 $— $266  $—  $266 
OCI before reclassification — 22  —  22 
Net current-period OCI — 22  — 22 
Balance, December 31, 2023 $— $288  $— $288 

   Post-retirement benefit plansCurrency translation adjustmentCash Flow HedgesTotal
Attributable to Matthews:      
Balance, September 30, 2022 $5,182 $(203,310) $7,937 $(190,191)
OCI before reclassification 203 20,763  93 21,059 
Amounts reclassified from AOCI742 
(a)
(203)(497)
(b)
42 
Net current-period OCI 945 20,560  (404)21,101 
Balance, December 31, 2022 $6,127 $(182,750) $7,533 $(169,090)
Attributable to noncontrolling interest:      
Balance, September 30, 2022 $— $255  $— $255 
OCI before reclassification — 
 
— 
Net current-period OCI —  — 
Balance, December 31, 2022 $— $259 
 
$— $259 
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).
(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8).
Note 12.   Accumulated Other Comprehensive Income (continued)

Reclassifications out of AOCI for the three-month periods ended December 31, 2023 and 2022 were as follows:

 Amount reclassified from AOCI
 
Details about AOCI Components
Three Months Ended December 31, 2023 Three Months Ended December 31, 2022Affected line item in the Statement of income
Postretirement benefit plans       
Prior service credit (a)
$91 $91  
Actuarial losses191 187 Other income (deductions), net
Settlement loss— (1,271)Other income (deductions), net
 282 (993)
Income before income tax (b)
 (71)
 
251 Income taxes
 $211 
 
$(742)Net income
Derivatives 
 
     
Cash flow hedges$659 
 
$655 Interest expense
Net investment hedges259 272 Interest expense
 918 927 
Income before income tax (b)
 (230) (227)Income taxes
 $688  $700 Net income
(a) Prior service cost amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses. For additional information, see Note 11.
(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.