Changes in Accumulated Other Comprehensive Loss By Component


					Net		Total
	Net		Net		Unrecognized		Accumulated
	Unrecognized		Unrecognized		Beneficial		Other
	Actuarial		Hedge		Interests		Comprehensive
(In thousands, net of income taxes)	Losses		Gains		Gains		Loss
Balance as of February 28, 2026	$	(38,524)	$	4,345	$	53	$	(34,126)
Other comprehensive income before reclassifications	—		23,750		—		23,750
Amounts reclassified from accumulated other comprehensive loss	134		(3,672)		—		(3,538)
Other comprehensive income	134		20,078		—		20,212
Balance as of May 31, 2026	$	(38,390)	$	24,423	$	53	$	(13,914)


	Three Months Ended May 31
(In thousands)	2026		2025
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	82	$	44
CarMax Auto Finance income	5		4
Selling, general and administrative expenses	89		52
Total amortization reclassifications recognized in net pension expense	176		100
Tax expense	(42)		(24)
Amortization reclassifications recognized in net pension expense, net of tax	134		76
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	134		76

Cash Flow Hedges (Note 5):
Changes in fair value	31,442		(4,594)
Tax (expense) benefit	(7,692)		1,115
Changes in fair value, net of tax	23,750		(3,479)
Reclassifications to CarMax Auto Finance income	(4,852)		(10,464)
Tax benefit	1,180		2,541
Reclassification of hedge gains, net of tax	(3,672)		(7,923)
Net change in cash flow hedge unrecognized gains, net of tax	20,078		(11,402)





Total other comprehensive income (loss), net of tax	$	20,212	$	(11,326)

Changes in the funded status of our retirement plans, changes in the fair value of derivatives that are designated and qualify as cash flow hedges and changes in the fair value of certain of our beneficial interests in non-consolidated securitizations are recognized in accumulated other comprehensive loss. The cumulative balances are net of deferred taxes of $3.9 million as of May 31, 2026 and $10.5 million as of February 28, 2026.