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	—		35,465		—		35,465
Amounts reclassified from accumulated other comprehensive loss	269		(7,291)		—		(7,022)
Other comprehensive income	269		28,174		—		28,443
Balance as of August 31, 2026	$	(38,255)	$	32,519	$	53	$	(5,683)


	Three Months Ended August 31				Six Months Ended August 31
(In thousands)	2026		2025		2026		2025
Retirement Benefit Plans:
Actuarial loss amortization reclassifications recognized in net pension expense:
Cost of sales	$	80	$	43	$	162	$	87
CarMax Auto Finance income	6		3		11		7
Selling, general and administrative expenses	90		53		179		105
Total amortization reclassifications recognized in net pension expense	176		99		352		199
Tax expense	(41)		(23)		(83)		(47)
Amortization reclassifications recognized in net pension expense, net of tax	135		76		269		152
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	135		76		269		152

Cash Flow Hedges (Note 5):
Changes in fair value	15,515		(8,117)		46,957		(12,711)
Tax (expense) benefit	(3,800)		1,971		(11,492)		3,086
Changes in fair value, net of tax	11,715		(6,146)		35,465		(9,625)
Reclassifications to CarMax Auto Finance income	(4,783)		(9,231)		(9,635)		(19,695)
Tax benefit	1,164		2,241		2,344		4,782
Reclassification of hedge gains, net of tax	(3,619)		(6,990)		(7,291)		(14,913)
Net change in cash flow hedge unrecognized gains, net of tax	8,096		(13,136)		28,174		(24,538)





Total other comprehensive income (loss), net of tax	$	8,231	$	(13,060)	$	28,443	$	(24,386)

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 $1.2 million as of August 31, 2026 and $10.5 million as of February 28, 2026.