Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months



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| [Table of Contents](#i4a1c883199354127b0e9b0ddb9e84eb8_7) |  | Notes to Consolidated Financial Statements — (continued)(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) |  |
| ACCENTURE 2022 FORM 10-K |  | F-19 |
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4. 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: 

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|  | Fiscal |
|  | 2022 |  | 2021 |  | 2020 |
| Foreign currency translation |  |  |  |  |  |
|     Beginning balance | $ | (975,064) |  |  | $ | (1,010,279) |  |  | $ | (1,207,975) |  |
|              Foreign currency translation | (904,530) |  |  | 36,562  |  |  | 207,566  |  |
|              Income tax benefit (expense) | 6,975  |  |  | (346) |  |  | (1,719) |  |
|              Portion attributable to noncontrolling interests | 20,299  |  |  | (1,001) |  |  | (8,151) |  |
|              Foreign currency translation, net of tax | (877,256) |  |  | 35,215  |  |  | 197,696  |  |
|     Ending balance | (1,852,320) |  |  | (975,064) |  |  | (1,010,279) |  |
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| Defined benefit plans |  |  |  |  |  |
|     Beginning balance | (559,958) |  |  | (615,223) |  |  | (672,323) |  |
|              Actuarial gains (losses) | 238,865  |  |  | (50,166) |  |  | 22,414  |  |
|              Pension settlement | —  |  |  | 39,016  |  |  | 3,757  |  |
|              Prior service costs arising during the period | 1,052  |  |  | 27,570  |  |  | —  |  |
|              Reclassifications into net periodic pension and              post-retirement expense | 51,061  |  |  | 49,864  |  |  | 55,035  |  |
|              Income tax benefit (expense) | (79,567) |  |  | (10,959) |  |  | (24,041) |  |
|              Portion attributable to noncontrolling interests | (224) |  |  | (60) |  |  | (65) |  |
|              Defined benefit plans, net of tax | 211,187  |  |  | 55,265  |  |  | 57,100  |  |
|     Ending balance | (348,771) |  |  | (559,958) |  |  | (615,223) |  |
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| Cash flow hedges |  |  |  |  |  |
|     Beginning balance | 115,525  |  |  | 63,714  |  |  | 38,993  |  |
|              Unrealized gain (loss)  | (14,310) |  |  | 168,244  |  |  | 72,437  |  |
|              Reclassification adjustments into Cost of services | (92,275) |  |  | (102,676) |  |  | (48,545) |  |
|              Income tax benefit (expense)  | 1,698  |  |  | (13,701) |  |  | 857  |  |
|              Portion attributable to noncontrolling interests | 111  |  |  | (56) |  |  | (28) |  |
|              Cash flow hedges, net of tax | (104,776) |  |  | 51,811  |  |  | 24,721  |  |
|     Ending balance (1) | 10,749  |  |  | 115,525  |  |  | 63,714  |  |
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| Investments |  |  |  |  |  |
|     Beginning balance | —  |  |  | (49) |  |  | 728  |  |
|              Unrealized gain (loss) | —  |  |  | 49  |  |  | (778) |  |
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|              Income tax benefit (expense)  | —  |  |  | —  |  |  | —  |  |
|              Portion attributable to noncontrolling interests | —  |  |  | —  |  |  | 1  |  |
|              Investments, net of tax | —  |  |  | 49  |  |  | (777) |  |
|     Ending balance | —  |  |  | —  |  |  | (49) |  |
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| Accumulated other comprehensive loss | $ | (2,190,342) |  |  | $ | (1,419,497) |  |  | $ | (1,561,837) |  |

(1)As of August 31, 2022, $28,711 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.   
  

