Accumulated Other Comprehensive Loss The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss:
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Pension and Postretirement |
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Currency
Translation (1)
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Net Unrealized (Loss) Gain on Derivative Instruments |
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Total Attributable to Hillenbrand, Inc. |
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Noncontrolling Interests |
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Total |
Balance at September 30, 2022 |
$ |
(32.8) |
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$ |
(113.7) |
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$ |
(9.1) |
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$ |
(155.6) |
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Other comprehensive income before reclassifications: |
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Before tax amount |
— |
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62.4 |
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4.1 |
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66.5 |
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$ |
— |
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$ |
66.5 |
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Tax expense |
— |
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— |
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(1.2) |
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(1.2) |
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— |
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(1.2) |
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After tax amount |
— |
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62.4 |
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2.9 |
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65.3 |
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— |
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65.3 |
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Amounts reclassified from accumulated other comprehensive loss (2)
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(1.5) |
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— |
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0.4 |
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(1.1) |
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— |
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(1.1) |
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Net current period other comprehensive (loss) income |
(1.5) |
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62.4 |
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3.3 |
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64.2 |
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$ |
— |
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$ |
64.2 |
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Balance at March 31, 2023 |
$ |
(34.3) |
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$ |
(51.3) |
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$ |
(5.8) |
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$ |
(91.4) |
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(1)Includes gain and losses on intra-entity foreign currency transactions that are of a long-term investment nature.
(2)Amounts are net of tax.
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Pension and Postretirement |
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Currency
Translation (1)
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Net Unrealized (Loss) Gain on Derivative Instruments |
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Total Attributable to Hillenbrand, Inc. |
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Noncontrolling Interests |
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Total |
Balance at September 30, 2021 |
$ |
(49.2) |
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$ |
13.1 |
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$ |
(10.2) |
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$ |
(46.3) |
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Other comprehensive (loss) income before reclassifications: |
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Before tax amount |
— |
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(4.7) |
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1.3 |
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(3.4) |
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$ |
(0.3) |
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$ |
(3.7) |
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Tax expense |
— |
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— |
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(0.2) |
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(0.2) |
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— |
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(0.2) |
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After tax amount |
— |
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(4.7) |
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1.1 |
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(3.6) |
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(0.3) |
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(3.9) |
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Amounts reclassified from accumulated other comprehensive loss (2)
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1.4 |
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— |
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0.8 |
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2.2 |
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— |
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2.2 |
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Net current period other comprehensive income (loss) |
1.4 |
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(4.7) |
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1.9 |
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(1.4) |
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$ |
(0.3) |
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$ |
(1.7) |
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Balance at March 31, 2022 |
$ |
(47.8) |
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$ |
8.4 |
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$ |
(8.3) |
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$ |
(47.7) |
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(1)Includes gains and losses on intra-foreign currency transactions that are of a long-term investment nature.
(2)Amounts are net of tax.
Reclassifications out of accumulated other comprehensive loss include:
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Three Months Ended March 31, 2023 |
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Amortization of Pension and Postretirement (1)
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(Gain) Loss on |
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Net Gain Recognized |
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Prior Service Costs Recognized |
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Derivative Instruments |
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Total |
Affected Line in the Consolidated Statement of Operations: |
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Net revenue |
$ |
— |
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$ |
— |
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$ |
0.1 |
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$ |
0.1 |
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Cost of goods sold |
— |
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— |
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(0.9) |
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(0.9) |
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Other income, net |
(0.2) |
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— |
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0.5 |
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0.3 |
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Gain on divestiture of discontinued operations (net of income tax expense) |
(1.4) |
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(0.1) |
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— |
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(1.5) |
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Total before tax |
$ |
(1.6) |
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$ |
(0.1) |
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$ |
(0.3) |
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$ |
(2.0) |
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Tax expense |
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0.8 |
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Total reclassifications for the period, net of tax |
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$ |
(1.2) |
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Six Months Ended March 31, 2023 |
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Amortization of Pension and Postretirement (1)
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(Gain) Loss on |
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Net Loss Recognized |
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Prior Service Costs Recognized |
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Derivative Instruments |
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Total |
Affected Line in the Consolidated Statement of Operations: |
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Cost of goods sold |
$ |
— |
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$ |
— |
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$ |
(1.0) |
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$ |
(1.0) |
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Other income, net |
(0.3) |
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— |
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1.0 |
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0.7 |
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Gain on divestiture of discontinued operations (net of income tax expense) |
(1.4) |
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(0.1) |
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— |
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(1.5) |
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Total before tax |
$ |
(1.7) |
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$ |
(0.1) |
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$ |
— |
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$ |
(1.8) |
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Tax expense |
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0.7 |
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Total reclassifications for the period, net of tax |
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$ |
(1.1) |
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(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension (benefit) cost (see Note 10).
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Three Months Ended March 31, 2022 |
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Amortization of Pension and Postretirement (1)
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(Gain) Loss on |
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Net Loss Recognized |
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Prior Service Costs Recognized |
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Derivative Instruments |
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Total |
Affected Line in the Consolidated Statement of Operations: |
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Cost of goods sold |
$ |
— |
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$ |
— |
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$ |
(0.1) |
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$ |
(0.1) |
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Other income, net |
0.8 |
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— |
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0.4 |
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1.2 |
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Total before tax |
$ |
0.8 |
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$ |
— |
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$ |
0.3 |
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$ |
1.1 |
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Tax expense |
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— |
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Total reclassifications for the period, net of tax |
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$ |
1.1 |
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Six Months Ended March 31, 2022 |
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Amortization of Pension and Postretirement (1)
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Loss (Gain) on |
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Net Loss Recognized |
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Prior Service Costs Recognized |
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Derivative Instruments |
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Total |
Affected Line in the Consolidated Statement of Operations: |
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Cost of goods sold |
$ |
— |
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$ |
— |
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$ |
(0.3) |
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$ |
(0.3) |
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Other income, net |
1.7 |
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— |
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1.0 |
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2.7 |
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Total before tax |
$ |
1.7 |
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$ |
— |
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$ |
0.7 |
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$ |
2.4 |
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Tax expense |
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(0.2) |
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Total reclassifications for the period, net of tax |
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$ |
2.2 |
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(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension (benefit) cost (see Note 10).
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