| Components of, and changes in accumulated other comprehensive loss |
The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the nine months ended March 31, 2025: | | | | | | | | | | | | | | | | (in thousands) | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total | | Attributable to Kennametal: | | | | | Balance, June 30, 2024 | $ | (221,308) | | $ | (216,263) | | $ | 2,983 | | $ | (434,588) | | | Other comprehensive (loss) income before reclassifications | (887) | | 1,329 | | 827 | | 1,269 | | | Amounts reclassified from AOCL | 5,277 | | — | | (1,160) | | 4,117 | | | Net other comprehensive income (loss) | 4,390 | | 1,329 | | (333) | | 5,386 | | AOCL, March 31, 2025 | $ | (216,918) | | $ | (214,934) | | $ | 2,650 | | $ | (429,202) | | | | | | | | Attributable to noncontrolling interests: | | | | | Balance, June 30, 2024 | $ | — | | $ | (8,680) | | $ | — | | $ | (8,680) | | | Other comprehensive loss before reclassifications | — | | (409) | | — | | (409) | | | Net other comprehensive loss | — | | (409) | | — | | (409) | | AOCL, March 31, 2025 | $ | — | | $ | (9,089) | | $ | — | | $ | (9,089) | |
The components of, and changes in, AOCL were as follows, net of tax, for the nine months ended March 31, 2024: | | | | | | | | | | | | | | | | (in thousands) | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total | | Attributable to Kennametal: | | | | | Balance, June 30, 2023 | $ | (215,435) | | $ | (202,641) | | $ | 3,733 | | $ | (414,343) | | | Other comprehensive income (loss) before reclassifications | 239 | | (7,091) | | (43) | | (6,895) | | | Amounts reclassified from AOCL | 3,191 | | — | | (544) | | 2,647 | | | Net other comprehensive income (loss) | 3,430 | | (7,091) | | (587) | | (4,248) | | AOCL, March 31, 2024 | $ | (212,005) | | $ | (209,732) | | $ | 3,146 | | $ | (418,591) | | | | | | | | Attributable to noncontrolling interests: | | | | | Balance, June 30, 2023 | $ | — | | $ | (8,139) | | $ | — | | $ | (8,139) | | | Other comprehensive loss before reclassifications | — | | (450) | | — | | (450) | | | Net other comprehensive loss | — | | (450) | | — | | (450) | | AOCL, March 31, 2024 | $ | — | | $ | (8,589) | | $ | — | | $ | (8,589) | |
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| Reclassification out of Accumulated Other Comprehensive Loss |
Reclassifications out of AOCL for the three and nine months ended March 31, 2025 and 2024 consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | Nine Months Ended March 31, | | | | (in thousands) | 2025 | | 2024 | 2025 | | 2024 | | Affected line item in the Income Statement | | Gains on cash flow hedges: | | | | | | | | | | Forward starting interest rate swaps | $ | (255) | | | $ | (255) | | $ | (766) | | | $ | (766) | | | Interest expense | | Currency exchange contracts | (762) | | | 36 | | (770) | | | 17 | | | Cost of goods sold | | Total before tax | (1,017) | | | (219) | | (1,536) | | | (749) | | | | | Tax impact | 249 | | | 60 | | 376 | | | 205 | | | Provision for income taxes | | Net of tax | $ | (768) | | | $ | (159) | | $ | (1,160) | | | $ | (544) | | | | | | | | | | | | | | Pension and other postretirement benefits: | | | | | | | | | | Amortization of transition obligations | $ | — | | | $ | 19 | | $ | — | | | $ | 57 | | | Other income, net | | Amortization of prior service credit | (65) | | | (64) | | (196) | | | (194) | | | Other income, net | | Recognition of actuarial losses | 2,117 | | | 1,477 | | 6,396 | | | 4,421 | | | Other income, net | | Settlement | — | | | — | | 836 | | | — | | | Other income, net | | Total before tax | 2,052 | | | 1,432 | | 7,036 | | | 4,284 | | | | | Tax impact | (500) | | | (366) | | (1,759) | | | (1,093) | | | Provision for income taxes | | Net of tax | $ | 1,552 | | | $ | 1,066 | | $ | 5,277 | | | $ | 3,191 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block] |
The amount of income tax allocated to each component of other comprehensive income (loss) for the three months ended March 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | | | | 2024 | | | (in thousands) | Pre-tax | Tax impact | Net of tax | | | Pre-tax | Tax impact | Net of tax | | Unrealized (loss) gain on derivatives designated and qualified as cash flow hedges | $ | (342) | | $ | 84 | | $ | (258) | | | | $ | 22 | | $ | (6) | | $ | 16 | | | Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges | (1,017) | | 249 | | (768) | | | | (219) | | 60 | | (159) | | | Unrecognized net pension and other postretirement benefit plans (loss) gain | (2,033) | | 531 | | (1,502) | | | | 655 | | (181) | | 474 | | | Reclassification of net pension and other postretirement benefit plans loss | 2,052 | | (500) | | 1,552 | | | | 1,432 | | (366) | | 1,066 | | | Foreign currency translation adjustments | 22,880 | | — | | 22,880 | | | | (19,229) | | 86 | | (19,143) | | | | | | | | | | | | Other comprehensive income (loss) | $ | 21,540 | | $ | 364 | | $ | 21,904 | | | | $ | (17,339) | | $ | (407) | | $ | (17,746) | |
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