Pyxus International (PYYX) 10-Q 14 Feb 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2022	Jan. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	000-25734
Entity Registrant Name	Pyxus International, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	85-2386250
Entity Address, Address Line One	8001 Aerial Center Parkway
Entity Address, City or Town	Morrisville,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27560
City Area Code	919
Local Phone Number	379-4300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding		24,999,947
Entity Central Index Key	0000939930
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--03-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Sales and other operating revenues	$ 655,553	$ 428,942	$ 1,507,736	$ 1,156,433
Cost of goods and services sold	567,752	363,716	1,311,861	997,033
Gross profit	87,801	65,226	195,875	159,400
Selling, general, and administrative expenses	37,119	34,235	106,694	106,005
Other expense (income), net	9,040	(163)	9,106	1,491
Restructuring and asset impairment charges	35	560	4,380	7,652
Goodwill impairment	0	372	0	372
Operating income	41,607	30,222	75,695	43,880
Loss on deconsolidation/disposition of subsidiaries	0	7,069	648	9,525
Loss on pension settlement	0	0	2,588	0
Interest expense, net	31,361	27,503	85,649	82,820
Income (loss) before income taxes and other items	10,246	(4,350)	(13,190)	(48,465)
Income tax expense	17,887	31,809	15,810	9,242
Income from unconsolidated affiliates	5,404	6,102	10,708	5,999
Net loss	(2,237)	(30,057)	(18,292)	(51,708)
Net income (loss) attributable to noncontrolling interests	96	43	241	(419)
Net loss attributable to Pyxus International, Inc.	$ (2,333)	$ (30,100)	$ (18,533)	$ (51,289)
Loss per share:
Basic (in USD per share)	$ (0.09)	$ (1.20)	$ (0.74)	$ (2.05)
Diluted (in USD per share)	$ (0.09)	$ (1.20)	$ (0.74)	$ (2.05)
Weighted average number of shares outstanding:
Basic (in shares)	25,000	25,000	25,000	25,000
Diluted (in shares)	25,000	25,000	25,000	25,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,237)	$ (30,057)	$ (18,292)	$ (51,708)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	4,855	(1,753)	1,001	(2,655)
Pension and other postretirement benefit plans	(78)	0	(1,640)	(512)
Change in pension liability for settlements	0	(35)	0	(35)
Cash flow hedges	(371)	(1,550)	(3,642)	(118)
Total other comprehensive income (loss), net of tax	4,406	(3,338)	(4,281)	(3,320)
Total comprehensive income (loss)	2,169	(33,395)	(22,573)	(55,028)
Comprehensive income (loss) attributable to noncontrolling interests	96	43	241	(419)
Comprehensive income (loss) attributable to Pyxus International, Inc.	$ 2,073	$ (33,438)	$ (22,814)	$ (54,609)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 216,449	$ 198,777	$ 146,083
Restricted cash	1,936	2,148	3,771
Trade receivables, net	205,991	247,677	189,211
Other receivables	16,336	12,511	17,511
Inventories, net	696,583	749,427	745,239
Advances to tobacco suppliers, net	79,669	48,932	56,805
Recoverable income taxes	7,053	7,906	5,320
Prepaid expenses	31,495	34,817	30,235
Other current assets	15,648	25,452	17,040
Total current assets	1,271,160	1,327,647	1,211,215
Restricted cash	0	389	389
Investments in unconsolidated affiliates	94,099	95,420	92,459
Goodwill	0	0	31,814
Other intangible assets, net	39,732	45,061	46,330
Deferred income taxes, net	9,738	6,498	5,018
Long-term recoverable income taxes	3,444	4,588	4,168
Other noncurrent assets	43,086	45,424	36,085
Right-of-use assets	32,842	35,979	35,417
Property, plant, and equipment, net	136,556	137,521	137,802
Total assets	1,630,657	1,698,527	1,600,697
Current liabilities
Notes payable to banks	492,326	378,612	384,230
Accounts payable	135,092	179,012	90,025
Advances from customers	30,826	52,998	63,176
Accrued expenses and other current liabilities	95,312	82,239	79,584
Income taxes payable	6,665	5,592	6,909
Operating leases payable	9,097	8,065	7,624
Current portion of long-term debt	97,282	107,856	107,687
Total current liabilities	866,600	814,374	739,235
Long-term taxes payable	4,850	6,703	6,703
Long-term debt	496,636	580,477	541,096
Deferred income taxes	12,770	11,670	9,353
Liability for unrecognized tax benefits	13,402	14,401	15,262
Long-term leases	23,663	28,604	27,148
Pension, postretirement, and other long-term liabilities	56,990	60,927	64,030
Total liabilities	1,474,911	1,517,156	1,402,827
Commitments and contingencies
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Common Stock—no par value: Authorized shares (250,000 for all periods) Issued shares (25,000 for all periods)	390,290	390,290	390,290
Retained deficit	(237,346)	(218,813)	(187,983)
Accumulated other comprehensive (loss) income	(477)	3,804	(10,053)
Total stockholders’ equity of Pyxus International, Inc.	152,467	175,281	192,254
Noncontrolling interests	3,279	6,090	5,616
Total stockholders’ equity	155,746	181,371	197,870
Total liabilities and stockholders’ equity	$ 1,630,657	$ 1,698,527	$ 1,600,697

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, no par value (in USD per share)	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	250,000,000	250,000,000	250,000,000
Common stock, shares, issued (in shares)	25,000,000	25,000,000	25,000,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Deficit	Currency Translation Adjustment	Pensions, Net of Tax	Derivatives, Net of Tax	Noncontrolling Interests
Balance at beginning of period at Mar. 31, 2021	$ 253,940	$ 391,089	$ (136,686)	$ (4,649)	$ 541	$ (2,625)	$ 6,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(11,628)		(11,508)				(120)
Other	0		(8)				8
Other comprehensive income (loss), net of tax	5,017			689		4,328
Balance at end of period at Jun. 30, 2021	247,329	391,089	(148,202)	(3,960)	541	1,703	6,158
Balance at beginning of period at Mar. 31, 2021	253,940	391,089	(136,686)	(4,649)	541	(2,625)	6,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(51,708)
Other comprehensive income (loss), net of tax	(3,320)
Balance at end of period at Dec. 31, 2021	197,870	390,290	(187,983)	(7,304)	(6)	(2,743)	5,616
Balance at beginning of period at Jun. 30, 2021	247,329	391,089	(148,202)	(3,960)	541	1,703	6,158
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(10,023)		(9,681)				(342)
Other	(88)						(88)
Other comprehensive income (loss), net of tax	(4,999)			(1,591)	(512)	(2,896)
Balance at end of period at Sep. 30, 2021	232,219	391,089	(157,883)	(5,551)	29	(1,193)	5,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(30,057)		(30,100)				43
Other	(954)	(799)					(155)
Other comprehensive income (loss), net of tax	(3,338)			(1,753)	(35)	(1,550)	0
Balance at end of period at Dec. 31, 2021	197,870	390,290	(187,983)	(7,304)	(6)	(2,743)	5,616
Balance at beginning of period at Mar. 31, 2022	181,371	390,290	(218,813)	(8,873)	6,328	6,349	6,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(14,505)		(14,663)				158
Other	(3,052)						(3,052)
Other comprehensive income (loss), net of tax	(556)			947		(1,503)
Balance at end of period at Jun. 30, 2022	163,258	390,290	(233,476)	(7,926)	6,328	4,846	3,196
Balance at beginning of period at Mar. 31, 2022	181,371	390,290	(218,813)	(8,873)	6,328	6,349	6,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(18,292)
Other comprehensive income (loss), net of tax	(4,281)
Balance at end of period at Dec. 31, 2022	155,746	390,290	(237,346)	(7,872)	4,688	2,707	3,279
Balance at beginning of period at Jun. 30, 2022	163,258	390,290	(233,476)	(7,926)	6,328	4,846	3,196
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(1,550)		(1,537)				(13)
Other comprehensive income (loss), net of tax	(8,131)			(4,801)	(1,562)	(1,768)
Balance at end of period at Sep. 30, 2022	153,577	390,290	(235,013)	(12,727)	4,766	3,078	3,183
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income attributable to Pyxus International, Inc.	(2,237)		(2,333)				96
Other comprehensive income (loss), net of tax	4,406			4,855	(78)	(371)
Balance at end of period at Dec. 31, 2022	$ 155,746	$ 390,290	$ (237,346)	$ (7,872)	$ 4,688	$ 2,707	$ 3,279

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net loss	$ (18,292)	$ (51,708)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization	14,678	11,984
Debt amortization/interest	15,339	17,364
Loss on foreign currency transactions	3,657	1,554
Asset impairment charges	4,035	6,111
Loss on deconsolidation/disposition of subsidiaries	648	9,525
Loss on pension settlement	2,588	0
Income from unconsolidated affiliates, net of dividends	814	3,212
Changes in operating assets and liabilities, net
Trade and other receivables	(91,242)	(171,653)
Inventories and advances to tobacco suppliers	18,493	(34,079)
Deferred items	(14,670)	(6,363)
Recoverable income taxes	2,369	(554)
Payables and accrued expenses	(29,808)	(28,066)
Advances from customers	(22,236)	51,442
Prepaid expenses	9,041	5,692
Income taxes	1,301	(493)
Other operating assets and liabilities	4,442	3,870
Other, net	(11,756)	(2,669)
Net cash used by operating activities	(110,599)	(184,831)
Investing Activities:
Purchases of property, plant, and equipment	(9,931)	(12,201)
Proceeds from sale of property, plant, and equipment	2,213	2,168
Collections from beneficial interests in securitized trade receivables	122,638	155,226
DIP loan to deconsolidated subsidiary	0	(5,229)
Collection of DIP loan from deconsolidated subsidiary	0	10,996
Proceeds from settlement of debt claims from deconsolidated subsidiaries	2,011	0
Other, net	486	(3,197)
Net cash provided by investing activities	117,417	147,763
Financing Activities:
Net proceeds from short-term borrowings	116,492	11,889
Proceeds from DDTL facility	0	117,600
Repayment of DDTL facility	(110,250)	(15,375)
Proceeds from DDTL term loan facility	100,000	0
Proceeds from revolving loan facilities	80,000	11,000
Repayment of revolving loan facilities	(170,000)	(26,000)
Debt issuance costs	(6,074)	(6,903)
Fees paid to refinance the DDTL facility	(4,000)	0
Other, net	309	(23)
Net cash provided by financing activities	6,477	92,188
Effect of exchange rate changes on cash	3,776	(2,590)
Increase in cash, cash equivalents, and restricted cash	17,071	52,530
Cash and cash equivalents at beginning of period	198,777	92,705
Restricted cash at beginning of period	2,537	5,008
Cash, cash equivalents, and restricted cash at end of period	218,385	150,243
Other information:
Cash paid for income taxes, net	14,455	14,951
Cash paid for interest, net	54,840	56,858
Noncash investing activities:
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction	$ 130,421	$ 162,065

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying condensed consolidated financial statements represent the consolidation of Pyxus International, Inc. (the "Company", "Pyxus", "we", or "us") and all companies that Pyxus directly or indirectly controls, either through majority ownership or otherwise. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, the normal and recurring adjustments necessary for fair statement of financial position, results of operations, and cash flows at the dates and for the periods presented have been included. Intercompany accounts and transactions have been eliminated. These condensed consolidated interim financial statements should be read in conjunction with the Company's consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended March 31, 2022 filed on June 14, 2022. Due to the seasonal nature of the Company’s business, the results of operations for a fiscal quarter are not necessarily indicative of the operating results that may be attained for other quarters or a full fiscal year. Segment Information During the year ended March 31, 2022, the Company reevaluated its operating and reportable segments under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 280 - Segment Reporting . As a result of this reevaluation, effective as of the fourth quarter of the fiscal year ended March 31, 2022, the Company has eight operating segments organized by geographic area and product category that are aggregated into one reportable segment for financial reporting purposes: Leaf. Based on our reevaluation, the Company concluded that the economic characteristics of our five Leaf region operations in North America, South America, Europe, Asia, and Africa were similar. Each geographic region derives its revenues mainly from shipping processed tobacco to manufacturers of cigarettes and other consumer tobacco products around the world, with a smaller percentage of revenue in each region being derived from performing third-party tobacco processing services. The three product category operating segments other than Leaf do not individually or in the aggregate meet the quantitative and qualitative thresholds to be individually reportable and have been combined and reported in the "All Other" category for purposes of reconciliation of respective balances for the Leaf segment to the condensed consolidated financial statements. Prior-period segment financial information has been revised to conform to the current-year presentation. See " Note 20. Segment Information " for additional information. Reclassifications The prior-period amount for goodwill impairment has been reclassified from other expense (income), net to conform to the current-year presentation.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards Recently Adopted Accounting Pronouncements In November 2021, the FASB issued Accounting Standards Update ("ASU") No. 2021-10, Disclosures by Business Entities about Government Assistance . This ASU created ASC Topic 832, Government Assistance , and requires certain information be disclosed regarding assistance received from a government entity when either a grant or contribution accounting model is applied. The new disclosures are required for annual periods for transactions with a government entity that are within the scope of the Topic. The new disclosure guidance was adopted prospectively and became effective for the Company on April 1, 2022. The adoption of this new accounting standard is not expected to have a material impact on the Company's annual disclosures for fiscal year 2023.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue RecognitionProduct revenue is primarily processed tobacco sold to the customer. Processing and other revenues are mainly contracts to process customer-owned green tobacco. During processing, ownership remains with the customers. All Other revenue is primarily composed of revenue from the sale of e-liquids and non-tobacco agriculture products. The following disaggregates sales and other operating revenues by major source, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Leaf: Product revenue $ 625,129 $ 394,823 $ 1,423,612 $ 1,064,280 Processing and other revenues 27,128 31,301 75,212 82,657 Total sales and other operating revenues 652,257 426,124 1,498,824 1,146,937 All Other: Total sales and other operating revenues 3,296 2,818 8,912 9,496 Total sales and other operating revenues $ 655,553 $ 428,942 $ 1,507,736 $ 1,156,433 The following summarizes activity in the allowance for expected credit losses: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Balance, beginning of period $ (23,698) $ (23,641) $ (24,541) $ (20,900) Additions (593) (251) (1,618) (3,139) Write-offs 201 — 2,069 147 Balance, end of period (24,090) (23,892) (24,090) (23,892) Trade receivables 230,081 213,103 230,081 213,103 Trade receivables, net $ 205,991 $ 189,211 $ 205,991 $ 189,211

Restructuring and Asset Impairm

Restructuring and Asset Impairment Charges	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Asset Impairment Charges	Restructuring and Asset Impairment Charges The Company continued its focus on cost saving initiatives. The employee separation and asset impairment charges for the periods ended December 31, 2022 were primarily related to the restructuring of certain non-leaf agriculture operations. The employee separation and asset impairment charges for the periods ended December 31, 2021 were primarily related to the write-off of the Company's remaining industrial hemp cannabidiol ("CBD") extraction equipment and the continued restructuring of certain leaf operations. The following summarizes the Company's restructuring and asset impairment charges: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Employee separation charges $ 35 $ 510 $ 345 $ 1,913 Asset impairment and other non-cash charges — 50 4,035 5,739 Restructuring and asset impairment charges $ 35 $ 560 $ 4,380 $ 7,652

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's quarterly provision for income taxes has generally been calculated using the annual effective tax rate method ("AETR method"), which applies an estimated annual effective tax rate to pre-tax income or loss. The AETR method was used to calculate the provision for income taxes for the prior fiscal years, for which the Company reported income tax benefits in each prior reporting period. As of December 31, 2022, the AETR method produced an unreliable estimate of the Company’s annual effective tax rate; therefore, the Company recorded its interim income tax provision using the discrete method, as allowed under ASC 740-270, Income Taxes - Interim Reporting . Using the discrete method, the Company determined current and deferred income tax expense as if the nine-month interim period of the current fiscal year were an annual period. The effective tax rate for the nine months ended December 31, 2022 and 2021 was (119.9)% and (19.1)%, respectively. For the nine months ended December 31, 2022 and 2021, the difference between the Company’s effective rate and the U.S. statutory rate of 21.0% is primarily due to the impact of net foreign exchange effects, non-deductible interest, and variations in the expected jurisdictional mix of earnings.

Loss Per Share

Loss Per Share	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share The following summarizes the computation of loss per share: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Basic and diluted loss per share: Net loss attributable to Pyxus International, Inc. $ (2,333) $ (30,100) $ (18,533) $ (51,289) Shares: Weighted average number of shares outstanding 25,000 25,000 25,000 25,000 Basic and diluted loss per share $ (0.09) $ (1.20) $ (0.74) $ (2.05)

Inventories, Net

Inventories, Net	9 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net The following summarizes the composition of inventories, net: December 31, 2022 December 31, 2021 March 31, 2022 Processed tobacco $ 571,909 $ 650,373 $ 517,613 Unprocessed tobacco 86,487 64,191 193,406 Other tobacco related 30,018 19,397 29,694 All Other 8,169 11,278 8,714 Total $ 696,583 $ 745,239 $ 749,427

CCAA Proceeding and Deconsolida

CCAA Proceeding and Deconsolidation of Subsidiaries	9 Months Ended
	Dec. 31, 2022
Reorganizations [Abstract]
CCAA Proceeding and Deconsolidation of Subsidiaries	CCAA Proceeding and Deconsolidation of Subsidiaries On January 21, 2021, Figr Norfolk Inc. ("Figr Norfolk"), Figr Brands, Inc. ("Figr Brands"), and Canada’s Island Garden Inc. ("Figr East," and together with Figr Norfolk and Figr Brands, the "Canadian Cannabis Subsidiaries"), which, prior to their disposition, were indirect subsidiaries of the Company, applied for relief from their respective creditors pursuant to Canada’s Companies’ Creditors Arrangement Act (the "CCAA") in the Ontario Superior Court of Justice (Commercial List) (the "Canadian Court") in Ontario, Canada as Court File No. CV-21-00655373-00CL (the "CCAA Proceeding"). On January 21, 2021 (the "Order Date"), upon application by the Canadian Cannabis Subsidiaries, the Canadian Court issued an order for creditor protection of the Canadian Cannabis Subsidiaries pursuant to the provisions of the CCAA and the appointment of FTI Consulting Canada Inc. to serve as the Canadian Court-appointed monitor of the Canadian Cannabis Subsidiaries during the pendency of the CCAA Proceeding (the "Monitor"). The administration of the CCAA Proceeding, including the Canadian Court's appointment of the Monitor and the related authority of the Monitor, including approval rights with respect to significant actions of the Canadian Cannabis Subsidiaries during the pendency of the CCAA Proceeding, resulted in the Company losing control (in accordance with U.S. GAAP) of the Canadian Cannabis Subsidiaries at that time, and the deconsolidation on January 20, 2021 of the Canadian Cannabis Subsidiaries' assets and liabilities and elimination of their equity components from the Company's consolidated financial statements as of January 21, 2021. Prior to the deconsolidation of the Canadian Cannabis Subsidiaries, they comprised an operating segment within the Other Products and Services reportable segment, which upon the Company's reevaluation of operating and reportable segments effective during the fourth quarter of the fiscal year ended March 31, 2022 is presented in the All Other category. Upon deconsolidation, the Company accounts for its investments in the Canadian Cannabis Subsidiaries using the cost method of accounting. On January 29, 2021, the Canadian Court issued an order permitting the Canadian Cannabis Subsidiaries to initiate a sale and investment solicitation process to be conducted by the Monitor and its affiliate to solicit interest in, and opportunities for, a sale of, or investment in, all or substantially all, or one or more components, of the assets and/or the business operations of the Canadian Cannabis Subsidiaries. On January 28, 2022, a sale of the assets of Figr Norfolk for a purchase price of Cdn.$5,000 was completed. On June 28, 2021, a sale of the outstanding equity of Figr East and certain intangible assets of Figr Brands for an aggregate purchase price of Cdn.$24,750 was completed. On February 2, 2022, Figr Norfolk and Figr Brands obtained approval to make cash distributions to their creditors pursuant to a distribution protocol approved by the Canadian Court. In the three months ended June 30, 2022, the Company received $2,011 in settlement of its debt claims with respect to the Canadian Cannabis Subsidiaries and did not receive any recovery with respect to its equity interest in the Canadian Cannabis Subsidiaries. On April 21, 2022, Figr Norfolk and Figr Brands obtained approval from the Canadian Court to terminate the CCAA Proceedings and commence bankruptcy proceedings under Canada's Bankruptcy and Insolvency Act (the "BIA Proceedings") to complete certain corporate and tax-related wind-up activities. On May 13, 2022, Figr Norfolk and Figr Brands commenced the BIA Proceedings. On June 13, 2022, the CCAA Proceedings were formally terminated. Related Party Relationship The commencement of the CCAA Proceeding, the appointment of the Monitor, and the subsequent deconsolidation of the Canadian Cannabis Subsidiaries results in transactions with the Canadian Cannabis Subsidiaries no longer being eliminated in consolidation. As such, transactions between the Company and the Canadian Cannabis Subsidiaries, including loans under the debtor-in-possession financing facility (the "Canadian DIP Facility") from another non-U.S. subsidiary of Pyxus (the "DIP Lender") provided during the pendency of the CCAA Proceedings, which were fully repaid on July 8, 2021, are treated as related party transactions. See " Note 19. Related Party Transactions " for transactions between the Company and the Canadian Cannabis Subsidiaries.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments The following summarizes the Company's equity method investments as of December 31, 2022: Investee Name Location Primary Purpose Ownership Percentage Basis Difference Adams International Ltd. Thailand Purchase and process tobacco 49% $ (4,526) Alliance One Industries India Private Ltd. India Purchase and process tobacco 49% (5,770) China Brasil Tobacos Exportadora SA Brazil Purchase and process tobacco 49% 44,500 Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş. Turkey Process tobacco 50% (416) Purilum, LLC U.S. Produce flavor formulations and consumable e-liquids 50% 4,589 Siam Tobacco Export Company Thailand Purchase and process tobacco 49% (6,098) The following summarizes financial information for these equity method investments: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Operations statement: Sales $ 165,621 $ 122,710 $ 297,278 $ 186,654 Gross profit 25,340 28,995 45,195 35,109 Net income 11,625 13,421 23,867 13,727 Company's dividends received — — 11,523 8,666 December 31, 2022 December 31, 2021 March 31, 2022 Balance sheet: Current assets $ 395,381 $ 284,803 $ 375,015 Property, plant, and equipment and other assets 41,000 36,394 42,841 Current liabilities 308,221 200,636 289,816 Long-term obligations and other liabilities 2,767 2,378 2,999

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company holds variable interests in multiple entities that primarily procure or process inventory or are securitization entities. These variable interests relate to equity investments, receivables, guarantees, and securitized receivables. The following summarizes the Company's financial relationships with its unconsolidated variable interest entities: December 31, 2022 December 31, 2021 March 31, 2022 Investments in variable interest entities $ 87,381 $ 85,263 $ 88,118 Receivables with variable interest entities 145 2,599 2,211 Guaranteed amounts to variable interest entities (not to exceed) 68,193 55,973 55,884

Other Intangible Assets, Net

Other Intangible Assets, Net	9 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	Other Intangible Assets, Net The following summarizes the changes in the Company's goodwill and other intangible assets, net: Nine Months Ended December 31, 2022 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 9.7 years $ 23,568 $ (2,543) $ 21,025 Technology 5.4 years 11,471 (2,181) 9,290 Trade names 11.7 years 10,022 (605) 9,417 Total $ 45,061 $ (5,329) $ 39,732 Year Ended March 31, 2022 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Additions Amortization Expense Disposition of Humble Juice Impairment Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 10.3 years $ 27,730 $ — $ (2,427) $ (1,735) $ — $ 23,568 Technology 5.8 years 12,858 840 (2,227) — — 11,471 Trade names 12.4 years 10,829 — (807) — — 10,022 Intangibles not subject to amortization: Goodwill 36,853 — — (4,667) (32,186) — Total $ 88,270 $ 840 $ (5,461) $ (6,402) $ (32,186) $ 45,061

Debt Arrangements

Debt Arrangements	9 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt Arrangements	Debt Arrangements The following summarizes debt and notes payable: December 31, December 31, March 31, (in thousands) Interest Rate 2022 2021 2022 Senior secured credit facilities: ABL Credit Facility 4.8 % (1) $ — $ — $ 90,000 Exit ABL Credit Facility 5.8 % (1) — 52,500 — DDTL Term Loan Facility (2) 11.6 % (1) 97,177 — — DDTL Facility 10.7 % (1) — 106,013 107,832 Senior secured notes: 10.0% senior secured first lien notes (3) 10.0 % 273,593 269,872 270,762 Exit Term Loan Credit Facility (4) 10.3 % (1) 222,620 218,509 219,500 Other long-term debt 4.4 % (1) 528 1,889 239 Notes payable to banks (5) 6.3 % (1) 492,326 384,230 378,612 Total debt $ 1,086,244 $ 1,033,013 $ 1,066,945 Short-term (5) $ 492,326 $ 384,230 $ 378,612 Long-term: Current portion of long-term debt $ 97,282 $ 107,687 $ 107,856 Long-term debt 496,636 541,096 580,477 Total $ 593,918 $ 648,783 $ 688,333 Letters of credit $ 14,337 $ 9,543 $ 9,038 (1) Weighted average rate for the trailing twelve months ended December 31, 2022. As the ABL Credit Facility and the DDTL Term Loan Facility have not been outstanding for a trailing twelve-month period, the interest rate is the weighted average rate from inception through December 31, 2022. (2) Balance of $97,177 is net of original issue discount of $2,823. Total repayment will be $100,000, subject to a 2.0% exit fee payable upon repayment occurring after July 28, 2023. (3) Balance of $273,593 is net of original issue discount of $7,251. Total repayment will be $280,844. (4) The aggregate balance of the Exit Term Loan Credit Facility of $222,620 includes $3,718 accrued paid-in-kind interest and $5,484 original issue premium. (5) Primarily foreign seasonal lines of credit. ABL Credit Facility On February 8, 2022, the Company’s wholly owned subsidiary, Pyxus Holdings, Inc. ("Pyxus Holdings"), certain subsidiaries of Pyxus Holdings (together with Pyxus Holdings, the "Borrowers"), and the Company and its wholly owned subsidiary, Pyxus Parent, Inc. ("Pyxus Parent"), as parent guarantors, entered into an ABL Credit Agreement (the "ABL Credit Agreement"), dated as of February 8, 2022, by and among Pyxus Holdings, as Borrower Agent, the Borrowers and parent guarantors party thereto, the lenders party thereto, and PNC Bank, National Association, as Administrative Agent and Collateral Agent, to establish an asset-based revolving credit facility (the "ABL Credit Facility"), the proceeds of which may be used to refinance existing senior bank debt, pay fees and expenses related to the ABL Credit Facility, partially fund capital expenditures, and provide for the ongoing working capital needs of the Borrowers. The ABL Credit Facility may be used for revolving credit loans and letters of credit from time to time up to an initial maximum principal amount of $100,000, subject to the limitations described below in this paragraph. The ABL Credit Facility includes a $20,000 uncommitted accordion feature that permits Pyxus Holdings, under certain conditions, to solicit the lenders under the ABL Credit Facility to provide additional revolving loan commitments to increase the aggregate amount of the revolving loan commitments under the ABL Credit Facility not to exceed a maximum principal amount of $120,000. The ABL Credit Facility matures, subject to extension on terms and conditions set forth in the ABL Credit Agreement, on the earlier of February 8, 2027 or 90 days prior to the earliest maturity of obligations owing under the Exit Term Loan Credit Agreement and the Existing Notes Indenture (each as defined below). A detailed description of the ABL Credit Agreement is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022. At December 31, 2022, Pyxus Holdings was in compliance with the covenants under the ABL Credit Agreement. Exit ABL Credit Facility On August 24, 2020, Pyxus Holdings entered into the Exit ABL Credit Agreement to establish the Exit ABL Credit Facility. The Exit ABL Credit Facility provided for revolving credit loans and letters of credit from time to time up to an initial maximum principal amount o f $75,000, subject to certain limitations. On February 8, 2022, Pyxus Holdings terminated the Exit ABL Credit Agreement and repaid $56,500 outstanding thereunder with proceeds from the initial borrowing under the ABL Credit Facility. DDTL Facility On April 23, 2021, Intabex Netherlands B.V. ("Intabex"), an indirect wholly owned subsidiary of the Company, entered into a Term Loan Credit Agreement (the "Initial DDTL Facility Credit Agreement"), dated as of April 23, 2021 (the "Closing Date"), by and among (i) Intabex, as borrower, (ii) the Company, Pyxus Parent, Pyxus Holdings, Inc., Alliance One International, LLC, Alliance One International Holdings, Ltd, as guarantors (collectively, the "DDTL Parent Guarantors"), (iii) certain funds managed by Glendon Capital Management, L.P. and Monarch Alternative Capital LP, as lenders (collectively and, together with any other lender that is or becomes a party thereto as a lender, the "DDTL Facility Lenders"), and (iv) Alter Domus (US) LLC, as administrative agent and collateral agent (the "DDTL Agent"). The Initial DDTL Facility Credit Agreement established a $120,000 delayed-draw term loan credit facility (the "Initial DDTL Facility") under which the full amount has been drawn (the "Initial DDTL Loans"). After that date, a fund managed by Owl Creek Asset Management, L.P. became a lender under the Initial DDTL Facility. The proceeds of the Initial DDTL Loans were used to provide working capital and for other general corporate purposes of Intabex, the DDTL Guarantors (as defined below) and their subsidiaries. The obligations of Intabex under the Initial DDTL Facility Credit Agreement (and certain related obligations) were (a) guaranteed by the DDTL Parent Guarantors and Alliance One International Tabak B.V., an indirect subsidiary of the Company, and each of the Company’s domestic and foreign subsidiaries that became a guarantor of borrowings under the Exit Term Loan Credit Agreement (defined below), which subsidiaries are referred to collectively, together with the DDTL Parent Guarantors, as the "DDTL Guarantors", and (b) were secured by the pledge of all of the outstanding equity interests of (i) Alliance One Brasil Exportadora de Tabacos Ltda. ("AO Brazil"), which principally operates the Company’s leaf tobacco operations in Brazil, and (ii) Alliance One International Tabak B.V., which owns a 0.001% interest of AO Brazil. A detailed description of the Initial DDTL Facility Credit Agreement is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022. Amendment and Restatement of the Initial DDTL Facility Credit Agreement On June 2, 2022, Intabex, the Company and the DDTL Guarantors entered into an Amendment and Restatement Agreement dated as of June 2, 2022 (the "Amendment and Restatement Agreement") with the DDTL Facility Lenders and the DDTL Agent to, subject to the satisfaction of customary closing conditions, amend and restate the Initial DDTL Facility Credit Agreement as set forth in the form of an Amended and Restated Term Loan Credit Agreement (the "DDTL Credit Agreement"), appended to the Amendment and Restatement Agreement, among (i) Intabex, as borrower, (ii) the Company and the DDTL Guarantors, (iii) the Initial DDTL Facility Lenders and any other lender that becomes a party thereto (collectively, the "DDTL Loan Lenders"), and (iv) the DDTL Agent, as administrative agent and collateral agent. On July 28, 2022 (the "DDTL Amendment and Restatement Effectiveness Date"), following the satisfaction of the conditions to effectiveness specified in the Amendment and Restatement Agreement, the amendment and restatement of the Initial DDTL Facility Credit Agreement by the DDTL Credit Agreement became effective. The DDTL Credit Agreement established a $100,000 term loan credit facility (the "DDTL Term Loan Facility") and required that Intabex use the net proceeds of the loans made thereunder (the "DDTL Term Loans") and other funds to repay in full its obligations under the Initial DDTL Facility Credit Agreement, including the outstanding principal of, and accrued and unpaid interest on, borrowings under the Initial DDTL Facility on the DDTL Amendment and Restatement Effectiveness Date and the payment of fees and expenses incurred in connection with repaying such borrowings and entering into the DDTL Credit Agreement. The DDTL Credit Agreement provided that the DDTL Term Loans may be prepaid at any time, with a 2.0% fee due with respect to any principal payment made after the one-year anniversary of the DDTL Amendment and Restatement Effectiveness Date, including a payment made at maturity. The DDTL Credit Agreement further provided that amounts of principal that are prepaid may not be reborrowed under the DDTL Term Loan Facility. Under the DDTL Credit Agreement, interest on the outstanding principal amount of the DDTL Term Loans accrued at an annual rate of SOFR plus 7.5%, subject to a SOFR floor of 1.0%, for "SOFR loans" or, for loans that are not SOFR loans, at an annual rate of an alternate base rate (as specified in the DDTL Credit Agreement and subject to a specified floor) plus 6.5%. Interest was required to be paid in arrears in cash upon prepayment, acceleration, maturity, and on the last day of each interest period (which may be one, three or six months) for SOFR loans and on the last day of each calendar quarter for loans that are not SOFR loans. Pursuant to the DDTL Credit Agreement, the DDTL Loan Lenders received on the DDTL Amendment and Restatement Effectiveness Date a non-refundable commitment fee equal to 3.0% of the aggregate commitments under the DDTL Term Loan Facility and a closing fee equal to 1.0% of the aggregate commitments under the DDTL Term Loan Facility, as original issue discount. The DDTL Term Loans were scheduled to mature on December 2, 2023. Under the DDTL Credit Agreement, the obligations of Intabex under the DDTL Credit Agreement (and certain related obligations) continued to be guaranteed and secured by the same guarantors of, and the same collateral securing, Intabex’s obligations under the Initial DDTL Facility Credit Agreement. At December 31, 2022, Intabex and each of the DDTL Guarantors were in compliance with the covenants under the DDTL Term Loan Facility. Senior Secured First Lien Notes On August 24, 2020, Pyxus Holdings issued approximately $280,844 in aggregate principal amount of 10.0% Senior Secured First Lien Notes due 2024 (the "Existing Notes") pursuant to the Indenture dated as of August 24, 2020 (the "Existing Notes Indenture") among Pyxus Holdings, the initial guarantors party thereto, and Wilmington Trust, National Association, as trustee and collateral agent. The Existing Notes mature on August 24, 2024. A detailed description of the Existing Notes and the Existing Notes Indenture is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022. At December 31, 2022, Pyxus Holdings was in compliance with the covenants under the Existing Notes Indenture. Exit Term Loan Credit Facility On August 24, 2020, Pyxus Holdings entered into an Exit Term Loan Credit Agreement, dated as of August 24, 2020, (the "Exit Term Loan Credit Agreement"), by and among Pyxus Holdings, the guarantors party thereto, certain lenders party thereto and Alter Domus (US) LLC, as administrative agent and collateral agent, to establish a term loan credit facility (the "Exit Term Loan Credit Facility") in an aggregate principal amount of approximately $213,418. The aggregate principal amount of loans outstanding under the debtor-in-possession financing facility of Old Holdco, Inc. (formerly named Pyxus International, Inc.) and its then subsidiaries Alliance One International, LLC, Alliance One North America, LLC, Alliance One Specialty Products, LLC and GSP Properties, LLC , and related fees, was converted into, or otherwise satisfied with the proceeds of, the Exit Term Loan Credit Facility. The term loans outstanding under the Exit Term Loan Credit Facility (the "Exit Term Loans") and the Exit Term Credit Facility mature on February 24, 2025. A detailed description of the Exit Term Loan Credit Agreement, Exit Term Loan Credit Facility, and the Exit Term Loans is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2022. At December 31, 2022, Pyxus Holdings and the guarantors party to the Exit Term Loan Credit Agreement were in compliance with the covenants under the Exit Term Loan Credit Agreement. Short-Term Seasonal Lines of Credit Excluding all long-term credit agreements, the Company typically finances its foreign operations with uncommitted short-term seasonal lines of credit arrangements with a number of banks. These operating lines are generally seasonal in nature, typically extending for a term of 180 to 365 days corresponding to the tobacco crop cycle in that location. These facilities are typically uncommitted in that the lenders have the unilateral right to cease making loans and demand repayment of loans at any time or at specified dates. These loans are generally renewed at the outset of each tobacco season. Certain of the foreign seasonal lines of credit are secured by trade receivables and inventories as collateral and are guaranteed by the Company and certain of its subsidiaries. As of December 31, 2022, the total borrowing capacity under individual foreign seasonal lines of credit range up to $128,630, which includes the lines of credit of certain of the Company's African subsidiaries with Eastern and Southern African Trade and Development Bank ("TDB"). As of December 31, 2022, the aggregate amount available for borrowing under the seasonal lines of credit was $218,900. At December 31, 2022, the Company, and its subsidiaries, were in compliance with the covenants associated with its short-term seasonal lines of credit. Support Agreement for Debt Exchange Offers The Company, Pyxus Parent and Pyxus Holdings (collectively, the "Holding Companies") entered into a Support and Exchange Agreement, effective as of December 27, 2022 (as amended, including by joinders thereto, the "Support Agreement"), with a group of creditors, including Glendon Capital Management LP, Monarch Alternative Capital LP, Nut Tree Capital Management, L.P., Intermarket Corporation and Owl Creek Asset Management, L.P. on behalf of certain funds managed by them and/or certain of their advisory clients, as applicable (collectively, the "Supporting Holders"), holding in aggregate: • approximately 99.7% of the DDTL Term Loans outstanding under the DDTL Credit Agreement; • approximately 68.1% of the Exit Term Loans outstanding under the Exit Term Loan Credit Agreement; and • approximately 64.1% of the Existing Notes outstanding under the Existing Notes Indenture. Pursuant to the Support Agreement, the Supporting Holders agreed to participate in a set of exchange transactions to be commenced by the Holding Companies, which exchange transactions are described in " Note 21 . Subsequent Events ." The Support Agreement includes certain covenants on the part of each of the Holding Companies, the Supporting Holders and other parties who execute a joinder thereto to become a Supporting Holder, including, among other things, (i) commitments to support, and take all commercially reasonable actions necessary or reasonably requested to facilitate, the consummation of the contemplated exchange transactions in accordance with the terms, conditions and applicable deadlines set forth in the Support Agreement, (ii) commitments by the parties to negotiate in good faith to finalize the documents and agreements effectuating such exchange transactions and (iii) for the Holding Companies to commence such exchange transactions no later than February 5, 2023. The Support Agreement provides that no fees, premiums or direct or minimum allocations would be paid or provided to the Supporting Holders that will not be offered to other holders of the applicable debt obligations. Related Party Transactions Based on a Schedule 13D/A filed with the SEC on January 4, 2023 by Glendon Capital Management, L.P. (the "Glendon Investor"), Glendon Opportunities Fund, L.P. and Glendon Opportunities Fund II, L.P., the Glendon Investor reported beneficial ownership of 7,939 shares of the Company’s common stock, representing approximately 31.8% of the outstanding shares of the Company’s common stock. Based on Schedule 13D/A filed with the SEC on January 23, 2023 by Monarch Alternative Capital LP (the "Monarch Investor"), MDRA GP LP and Monarch GP LLC, the Monarch Investor reported beneficial ownership of 6,140 shares of the Company’s common stock, representing approximately 24.6% of the outstanding shares of the Company’s common stock. Based on a Schedule 13G/A filed with the SEC on February 10, 2022 by Owl Creek Asset Management, L.P. and Jeffrey A. Altman, Owl Creek Asset Management, L.P. is the investment manager of certain funds and reported beneficial ownership of 2,405 shares of the Company’s common stock on December 31, 2021, representing approximately 9.6% of the outstanding shares of the Company’s common stock. A representative of the Glendon Investor and a representative of the Monarch Investor served as directors of Pyxus at the time the Company and its applicable subsidiaries entered into the Initial DDTL Credit Facility Agreement, the Amendment and Restatement Agreement, the DDTL Credit Agreement and the Support Agreement, effected borrowings under the Initial DDTL Facility Credit Agreement and the DDTL Credit Agreement and the guaranty transactions described above, and commenced the offers to effect the exchange transactions contemplated by the Support Agreement. The Initial DDTL Facility Credit Agreement, the Amendment and Restatement Agreement, the DDTL Credit Agreement and any and all borrowings under the Initial DDTL Facility Credit Agreement and the DDTL Credit Agreement, the guaranty transactions described above, the Support Agreement and the exchange transactions contemplated by the Support Agreement were approved, and determined to be on terms and conditions at least as favorable to the Company and its subsidiaries as could reasonably have been obtained in a comparable arm’s-length transaction with an unaffiliated party, by a majority of the disinterested members of the Board of Directors of Pyxus.

Securitized Receivables

Securitized Receivables	9 Months Ended
	Dec. 31, 2022
Transfers and Servicing [Abstract]
Securitized Receivables	Securitized Receivables The Company sells trade receivables to unaffiliated financial institutions under three accounts receivable securitization facilities, two of which are subject to annual renewal. Under the first facility, the Company continuously sells a designated pool of trade receivables to a special purpose entity, which sells 100% of the receivables to an unaffiliated financial institution. As of December 31, 2022, the investment limit of this facility was $100,000 of trade receivables. For the other facilities, the Company offers trade receivables for sale to an unaffiliated financial institution, which are then subject to acceptance by the unaffiliated financial institution. As of December 31, 2022, the investment limit under the second facility was $110,000 of trade receivables. As of December 31, 2022, the investment limit under the third facility was variable based on qualifying sales. As the servicer of the first and second facilities, the Company may receive funds that are due to the unaffiliated financial institutions, which are net settled on the next settlement date. As of December 31, 2022 and 2021, and March 31, 2022, trade receivables, net in the condensed consolidated balance sheets has been reduced by $12,280, $2,730, and $1,872 as a result of the net settlement, respectively. Refer to " Note 16. Fair Value Measurements " for additional information. The following summarizes the Company's accounts receivable outstanding in the securitization facilities, which represents trade receivables sold into the program that have not been collected from the customer, and related beneficial interests, which represents the Company's residual interest in receivables sold that have not been collected from the customer: December 31, 2022 December 31, 2021 March 31, 2022 Receivables outstanding in facility $ 270,042 $ 105,175 $ 131,092 Beneficial interests 37,650 21,573 28,072 Cash proceeds from the sale of trade receivables is comprised of a combination of cash and a deferred purchase price receivable. Deferred purchase price receivable is realized after the collection of the underlying trade receivables sold by the purchasers. The following summarizes the Company's cash purchase price and deferred purchase price: Nine Months Ended December 31, 2022 2021 Cash proceeds for the period ended: Cash purchase price $ 574,977 $ 317,677 Deferred purchase price 122,638 155,226 Total $ 697,615 $ 472,903

Guarantees

Guarantees	9 Months Ended
	Dec. 31, 2022
Guarantees [Abstract]
Guarantees	Guarantees In certain markets, the Company guarantees bank loans for suppliers to finance their crops. The Company also guarantees bank loans of certain unconsolidated subsidiaries. The following summarizes amounts guaranteed and the fair value of those guarantees: December 31, 2022 December 31, 2021 March 31, 2022 Amounts guaranteed (not to exceed) $ 129,837 $ 94,462 $ 114,208 Amounts outstanding under guarantee (1) 48,376 26,609 49,413 Fair value of guarantees 1,752 747 2,956 Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing 113 — 15,781 (1) Most of the guarantees outstanding at December 31, 2022 expire within one year.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial InstrumentsThe Company uses forward or option currency contracts to manage risks associated with foreign currency exchange rates on foreign operations. These contracts are for green tobacco purchases, processing costs, and selling, general, and administrative expenses. The Company recorded a net gain of $1,966 and $4,676 from its derivative financial instruments in cost of goods and services sold for the three and nine months ended December 31, 2022, respectively. The Company recorded a net gain of $663 and $1,725 from its derivative financial instruments in cost of goods and services

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following summarizes the financial assets and liabilities measured at fair value on a recurring basis: December 31, 2022 December 31, 2021 March 31, 2022 Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total Financial Assets: Derivative financial instruments $ 678 $ — $ 678 $ 603 $ — $ 603 $ 9,867 $ — $ 9,867 Securitized beneficial interests — 37,650 37,650 — 21,573 21,573 — 28,072 28,072 Total assets $ 678 $ 37,650 $ 38,328 $ 603 $ 21,573 $ 22,176 $ 9,867 $ 28,072 $ 37,939 Financial Liabilities: Derivative financial instruments $ — $ — $ — $ 1,280 $ — $ 1,280 $ — $ — $ — Long-term debt 419,020 532 419,552 448,903 2,057 450,960 447,843 246 448,089 Guarantees — 1,752 1,752 — 747 747 — 2,956 2,956 Total liabilities $ 419,020 $ 2,284 $ 421,304 $ 450,183 $ 2,804 $ 452,987 $ 447,843 $ 3,202 $ 451,045 The following summarizes the reconciliation of changes in Level 3 instruments measured on a recurring basis: Three Months Ended December 31, 2022 December 31, 2021 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 22,842 $ 577 $ 1,206 $ 26,056 $ 3,127 $ 343 Issuances of sales of receivables/guarantees — — 1,549 70,323 — 452 Settlements (40,002) — (79) (73,977) (1,070) (5) Additions 60,310 — — — — Losses recognized in earnings (5,500) (45) (924) (829) — (43) Ending balance $ 37,650 $ 532 $ 1,752 $ 21,573 $ 2,057 $ 747 Nine Months Ended December 31, 2022 December 31, 2021 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 28,072 $ 246 $ 2,956 $ 19,370 $ 3,162 $ 1,740 Issuances of sales of receivables/guarantees — — 2,236 162,065 — 948 Settlements (112,758) — (1,422) (156,651) (1,107) (1,708) Additions 131,392 325 — — 2 — Losses recognized in earnings (9,056) (39) (2,018) (3,211) — (233) Ending balance $ 37,650 $ 532 $ 1,752 $ 21,573 $ 2,057 $ 747 For the nine months ended December 31, 2022 and 2021, the impact to earnings attributable to the change in unrealized losses on securitized beneficial interests was $2,252 and $640, respectively.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement BenefitsOn November 19, 2021, the Compensation Committee of the Company's Board of Directors approved a resolution to terminate the Company's U.S. defined benefit pension plan ("U.S. Pension Plan"). During the nine months ended December 31, 2022, the Company settled benefits with vested participants that elected a lump sum payout and made a cash contribution of $5,300 to fully fund the U.S. Pension Plan's liabilities in preparation to purchase a group annuity contract to administer future payments to the remaining U.S. Pension Plan participants. In addition, the Company recorded a pension settlement charge of $2,588 during the nine months ended December 31, 2022, which included the reclassification of unrecognized pension gains within accumulated other comprehensive loss within the Company's condensed consolidated statements of operations. Termination of the U.S. Pension Plan occurred during the three-month period ended December 31, 2022.

Contingencies and Other Informa

Contingencies and Other Information	9 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Other Information	Contingencies and Other Information Brazilian Tax Credits The government in the Brazilian State of Parana ("Parana") issued a tax assessment on October 26, 2007 with respect to local intrastate trade tax credits that result primarily from tobacco transferred between states within Brazil. At December 31, 2022, the assessment for intrastate trade tax credits taken is $2,524 and the total assessment including penalties and interest is $9,689. On March 18, 2014, the government in Brazilian State of Santa Catarina also issued a tax assessment with respect to local intrastate trade tax credits that result primarily from tobacco transferred between states within Brazil. At December 31, 2022, the assessment for intrastate trade tax credits taken is $2,184 and the total assessment including penalties and interest is $6,151. The Company believes it has properly complied with Brazilian law and will contest any assessment through the judicial process. Should the Company lose in the judicial process, the loss of the intrastate trade tax credits would have a material impact on the financial statements of the Company. The Company also has local intrastate trade tax credits in the Brazil State of Rio Grande do Sul. This jurisdiction permits the sale or transfer of excess credits to third parties, however approval must be obtained from the tax authorities. The Company has an agreement with the state government regarding the amounts and timing of credits that can be sold. The tax credits have a carrying value of $13,535. The intrastate trade tax credits are monitored for impairment in future periods based on market conditions and the Company’s ability to use or sell the tax credits. Other Matters In addition to the above-mentioned matters, certain of the Company’s subsidiaries are involved in other litigation or legal matters incidental to their business activities, including tax matters. While the outcome of these matters cannot be predicted with certainty, they are being vigorously defended and the Company does not currently expect that any of them will have a material adverse effect on its business or financial position. However, should one or more of these matters be resolved in a manner adverse to its current expectation, the effect on the Company’s results of operations for a particular fiscal reporting period could be material.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company engages in transactions with its equity method investees primarily for the procuring and processing of inventory. The following summarizes sales and purchases transactions with related parties: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Sales $ 630 $ 1,955 $ 21,180 $ 20,768 Purchases 56,661 39,447 133,057 87,120 The Company included the following related party balances in its condensed consolidated balance sheets: December 31, 2022 December 31, 2021 March 31, 2022 Location in the Condensed Consolidated Balance Sheets Accounts receivable, related parties $ 770 $ 1,283 $ 1,896 Other receivables Notes receivable, related parties — 2,579 1,431 Other receivables Accounts payable, related parties 39,640 12,232 41,747 Accounts payable Advances from related parties 3,494 13,804 15,240 Advances from customers Transactions with Significant Shareholders On August 24, 2020, the Company entered into an Exit Term Loan Credit Agreement and issued Senior Secured First Lien Notes with certain lenders, including the Glendon Investor and the Monarch Investor. On April 23, 2021, the Company and certain of its subsidiaries with certain funds managed by the Glendon Investor and the Monarch Investor, as lenders, and related matters entered into a $120,000 delayed-draw credit facility agreement (see " Note 12. Debt Arrangements " for additional information). After that date, a fund managed by Owl Creek Asset Management, L.P. became a lender under the Initial DDTL Facility. On December 30, 2021, the Company repaid $15,375 of the Initial DDTL Facility. On June 2, 2022, Intabex, the Company and the DDTL Parent Guarantors entered into the Amendment and Restatement Agreement with the DDTL Facility Lenders and the DDTL Agent to amend and restate the Initial DDTL Facility Credit Agreement as set forth in the DDTL Credit Agreement, which became effective on July 28, 2022 (see " Note 12. Debt Arrangements " for additional information). In connection with the effectiveness of the DDTL Credit Agreement, certain funds managed by Glendon Capital Management, L.P. (the "Glendon Investor"), certain funds managed by Monarch Alternative Capital LP (the "Monarch Investor"), and a fund managed by Owl Creek Asset Management, L.P. received $5,119 of the aggregate $5,250 in exit fee payments from the repayment of the principal amount under the Initial DDTL Facility. The Glendon Investor, the Monarch Investor and a fund managed by Owl Creek Asset Management, L.P. received in the aggregate $3,900 of the total $4,000 in commitment and closing fees, which were reflected as original issue discount, paid to all DDTL Loan Lenders in connection with the aggregate $97,500 principal amount of the DDTL Term Loans made by them of the total $100,000 aggregate principal amount of the DDTL Term Loans made by all DDTL Loan Lenders. Accrued expenses and other current liabilities as presented in the condensed consolidated balance sheets as of December 31, 2022 and 2021, and March 31, 2022, includes $7,649, $6,039 , and $3,984, respectively, of interest payable to the Glen don Investor, the Monarch Investor, and funds managed by Owl Creek Asset Management, L.P. Interest expense as presented in the condensed consolidated statements of operations includes $9,264 and $25,494 for the three and nine months ended December 31, 2022, respectively, and $8,530 and $24,566 for the three and nine months ended December 31, 2021, respectively, that relates to the Glendon Investor, the Monarch Investor, and funds managed by Owl Creek Asset Management, L.P. Transactions with the Deconsolidated Canadian Cannabis Subsidiaries In connection with the CCAA Proceeding, the DIP Lender, a non-U.S. subsidiary of the Company, provided Figr Brands with secured debtor-in-possession financing to fund the working capital needs of the Canadian Cannabis Subsidiaries in accordance with the cash flow projections approved by the Monitor and the DIP Lender. These payments also funded fees and expenses paid to the DIP Lender, professional fees and expenses incurred by the Canadian Cannabis Subsidiaries and the Monitor in respect of the CCAA Proceeding, and such other costs and expenses of the Canadian Cannabis Subsidiaries as agreed to by the DIP Lender. On July 8, 2021, the loans under the Canadian DIP Facility were fully repaid to the DIP Lender.

Segment Information

Segment Information	9 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The following summarizes segment information, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Sales and other operating revenues: Leaf $ 652,257 $ 426,124 $ 1,498,824 $ 1,146,937 All Other 3,296 2,818 8,912 9,496 Consolidated sales and other operating revenues $ 655,553 $ 428,942 $ 1,507,736 $ 1,156,433 Segment operating income: Leaf $ 47,268 $ 36,617 $ 94,696 $ 71,011 All Other (5,626) (5,463) (14,621) (19,107) Segment operating income 41,642 31,154 80,075 51,904 Restructuring and asset impairment charges 35 560 4,380 7,652 Goodwill impairment — 372 — 372 Consolidated operating income $ 41,607 $ 30,222 $ 75,695 $ 43,880 December 31, 2022 December 31, 2021 March 31, 2022 Segment assets: Leaf $ 1,587,806 $ 1,539,210 $ 1,641,552 All Other 42,851 61,487 56,975 Total assets $ 1,630,657 $ 1,600,697 $ 1,698,527

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Debt Exchange Transactions As contemplated by the Support Agreement described in " Note 12 . Debt Arrangements ", on January 5, 2023, the Holding Companies commenced a set of exchange transactions (collectively, the "Exchange Transactions") in which, among other things: • Each holder of the DDTL Facility Loans was offered the opportunity to exchange all of its DDTL Facility Loans for (i) an equal principal amount of new senior secured term loans due December 31, 2027 with Pyxus Holdings as the borrower (the "New Intabex Loans") and (ii) additional New Intabex Loans in a principal amount equal to 2% of the principal amount of such holder’s exchanged DDTL Facility Loans on account of the exit fee that would be payable under certain circumstances on the repayment of the DDTL Facility Loans (the "DDTL Facility Loans Exchange Offer"); • Each holder of the Exit Facility Loans was offered the opportunity to exchange (i) 40% of its Exit Facility Loans for an equal principal amount of New Intabex Loans and (ii) 60% of its Exit Facility Loans for an equal principal amount of new senior secured term loans due December 31, 2027 with Pyxus Holdings as the borrower (the "New Pyxus Loans" and, together with the New Intabex Loans, the "New Term Loans"); provided that, if less than all holders of Exit Facility Loans participate in the Exchange Transactions the amount of New Intabex Loans reserved for the non-participating holders was be allocated ratably to the participating holders (and the amount of New Pyxus Loans to be issued to participating holders shall be reduced commensurately) (the "Exit Facility Loans Exchange Offer"); • Eligible holders of the Existing Notes being offered the opportunity to exchange any and all of their Existing Notes for an equal principal amount of new 8.50% Senior Secured Notes due December 31, 2027 (the "New Notes" and, together with the New Term Loans, the "New Secured Debt") to be issued pursuant to an exchange offer conducted by Pyxus Holdings (the "Notes Exchange Offer"); • In conjunction with the Notes Exchange Offer, Pyxus Holdings solicited consents from holders of the Existing Notes to amend the Existing Notes Indenture, the Existing Notes and the related intercreditor and security documents as necessary to, among other things, (i) eliminate most of the restrictive covenants and certain of the affirmative covenants in the Existing Notes Indenture, (ii) eliminate the change of control repurchase obligation in the Existing Notes Indenture, (iii) subordinate the Existing Notes in right of payment to existing and future senior indebtedness (including the New Secured Debt), (iv) eliminate certain events of default and (v) release all of the collateral securing the Existing Notes; • In conjunction with the Exit Facility Loans Exchange Offer, Pyxus Holdings solicited consents from holders of the Exit Facility Loans to amend the agreements governing such loans and any related intercreditor and security documents as necessary to, among other things, (i) eliminate most of the restrictive covenants, certain of the affirmative covenants and the mandatory prepayments in the Exit Term Loan Credit Agreement, (ii) make junior in priority of payment the Exit Facility Loans to the payment in full of the New Secured Debt and (iii) eliminate certain events of default; • In conjunction with the DDTL Facility Loans Exchange Offer, Pyxus Holdings solicited consents from holders of the DDTL Facility Loans to amend the agreements governing such loans and any related intercreditor and security documents as necessary to, among other things, (i) eliminate most of the restrictive covenants and certain of the affirmative covenants in the DDTL Credit Agreement, (ii) make junior in priority of payment the DDTL Facility Loans to the payment in full of the New Intabex Loans and (iii) eliminate certain events of default; and • The Company solicited consents from lenders under the ABL Credit Agreement to amend the ABL Credit Agreement and the related intercreditor agreement (the "ABL Intercreditor Agreement") as necessary to, among other things, (i) modify certain covenants and (ii) give effect to and permit the other Exchange Transactions. On February 6, 2023 (the "Settlement Date"), the Holding Companies and certain other of the Company’s direct and indirect subsidiaries completed the Exchange Transactions, that included, among other things: • the election by holders of 100% of the DDTL Facility Loans to exchange all of their DDTL Facility Loans in the DDTL Facility Exchange); • the election by holders of 100% of the Exit Facility Loans to exchange their Exit Facility Loans in Exit Facility Exchange; and • the election by holders of approximately 92.7% of the aggregate principal amount of the Existing Notes to exchange all of their Existing Notes in the Notes Exchange. In conjunction with the Notes Exchange, Pyxus Holdings received consents from requisite holders of Existing Notes to amend the Existing Notes Indenture, the Existing Notes and the related intercreditor and security documents as necessary to, among other things, (i) eliminate most of the restrictive covenants and certain of the affirmative covenants in the Existing Notes Indenture, (ii) eliminate the change of control repurchase obligation in the Existing Notes Indenture, (iii) subordinate the Existing Notes in right of payment to existing and future senior indebtedness (including the New Secured Debt), (iv) eliminate certain events of default and (v) release all of the collateral securing the Existing Notes. The Holding Companies also entered into an amendment to the ABL Credit Agreement to, among other things, (i) permit the incurrence of the New Secured Debt (and the related liens and priorities) and the Exchange Transactions, to the extent applicable, and (ii) modify certain covenants to be substantially consistent with those governing the New Secured Debt. The debt arrangements effected by and in connection with the Exchange Transactions are described in more detail below. New Intabex Credit Facility On the Settlement Date, Pyxus Holdings entered into the Intabex Term Loan Credit Agreement, dated as of February 6, 2023 (the "New Intabex Credit Agreement"), by and among, Pyxus Holdings, the guarantors party thereto, the lenders party thereto and Alter Domus (US) LLC ("Alter Domus"), as administrative agent and senior collateral agent, to establish a term loan credit facility in an aggregate principal amount of approximately $189.0 million (the "New Intabex Credit Facility"), under which the New Intabex Loans were deemed made in exchange for (x) $100.0 million principal amount of DDTL Term Loans (plus an additional $2.0 million on account of the exit fee payable thereunder) pursuant to the DDTL Facility Exchange and (y) approximately $87.0 million principal amount of Existing Term Loans, representing 40% of the outstanding principal amount thereof (plus the applicable accrued and unpaid PIK interest thereon) pursuant to the Exit Facility Exchange. Borrowings under the New Intabex Credit Facility bear interest, at Pyxus Holdings’ option, at either (i) a term SOFR rate (subject to a floor of 1.50%) plus 8.00% per annum or (ii) an alternate base rate plus 7.00% per annum. The New Intabex Credit Facility is stated to mature on December 31, 2027. The New Intabex Credit Facility may be prepaid from time to time, in whole or in part, without prepayment or penalty. With respect to alternate base rate loans, accrued interest is payable quarterly in arrears on the last business day of each calendar quarter and, with respect to SOFR loans, accrued interest is payable on the last day of each applicable interest period but no less frequently than every three months. The New Intabex Credit Agreement contains customary representations and warranties, affirmative and negative covenants (subject, in each case, to exceptions and qualifications) and events of defaults, including covenants that limit the Company’s and its restricted subsidiaries’ ability to, among other things, incur additional indebtedness or issue disqualified stock or preferred stock; make investments; pay dividends and make other restricted payments; sell certain assets; incur liens; consolidate, merge, sell or otherwise dispose of all or substantially all their assets; enter into transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. New Pyxus Credit Facility On the Settlement Date, Pyxus Holdings entered into the Pyxus Term Loan Credit Agreement, dated as of February 6, 2023 (the "New Pyxus Credit Agreement"), by and among, Pyxus Holdings, the guarantors party thereto, the lenders party thereto and Alter Domus, as administrative agent and senior collateral agent, to establish a term loan credit facility in an aggregate principal amount of approximately $130.5 million (the "New Pyxus Credit Facility"), under which the New Term Loans were deemed made in exchange for 60% of the outstanding principal amount of Existing Term Loans (plus the applicable accrued and unpaid PIK interest thereon) pursuant to the Exit Facility Exchange. Borrowings under the New Pyxus Credit Facility bear interest, at Pyxus Holdings’ option, at either (i) a term SOFR rate (subject to a floor of 1.50%) plus 8.00% per annum or (ii) an alternate base rate plus 7.00% per annum. The New Pyxus Credit Facility is stated to mature on December 31, 2027. The New Pyxus Credit Facility may be prepaid from time to time, in whole or in part, without prepayment or penalty. With respect to alternate base rate loans, accrued interest is payable quarterly in arrears on the last business day of each calendar quarter and, with respect to SOFR loans, accrued interest is payable on the last day of each applicable interest period but no less frequently than every three months. The New Pyxus Credit Agreement contains customary representations and warranties, affirmative and negative covenants (subject, in each case, to exceptions and qualifications) and events of defaults, including covenants that limit the Company’s and its restricted subsidiaries’ ability to, among other things, incur additional indebtedness or issue disqualified stock or preferred stock; make investments; pay dividends and make other restricted payments; sell certain assets; incur liens; consolidate, merge, sell or otherwise dispose of all or substantially all their assets; enter into transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. New 8.50% Senior Secured Notes due 2027 On the Settlement Date, Pyxus Holdings issued approximately $260.5 million in aggregate principal amount of the New Notes to the exchanging holders of the Existing Notes, pursuant to the Indenture, dated as of February 6, 2023 (the "New Notes Indenture"), among Pyxus Holdings, the guarantors party thereto, and Wilmington Trust, National Association, as trustee, and Alter Domus, as collateral agent. The New Notes bear interest at a rate of 8.50% per annum, which interest is computed on the basis of a 360-day year comprised of twelve 30-day months. Interest accrues on the New Notes from the Settlement Date and is payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2023. The New Notes are stated to mature on December 31, 2027. At any time from time to time, Pyxus Holdings may redeem the New Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of New Notes to be redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The New Notes Indenture contains customary affirmative and negative covenants (subject, in each case, to exceptions and qualifications) and events of defaults, including covenants that limit the Company’s and its restricted subsidiaries’ ability to, among other things, incur additional indebtedness or issue disqualified stock or preferred stock; make investments; pay dividends and make other restricted payments; sell certain assets; incur liens; consolidate, merge, sell or otherwise dispose of all or substantially all their assets; enter into transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. The New Notes and the guarantees thereof have not been and will not be registered under the Securities Act or any state or other securities laws. The New Notes may not be offered or sold except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act and the applicable state securities laws. Guarantees and Collateral The obligations of Pyxus Holdings under the New Secured Debt are fully and unconditionally guaranteed by the Company, Pyxus Parent and all of the Company’s domestic subsidiaries and certain of the Company’s foreign subsidiaries, subject to certain limitations (the "New Secured Debt Obligors"). In addition, under the New Intabex Credit Facility, Intabex and Alliance One International Tabak B.V. (which were obligors under the DDTL Facility Loans) also guarantee the New Intabex Credit Facility (together, the "Specified Intabex Obligors") but do not guarantee the New Notes, the New Pyxus Loans or the ABL Credit Agreement. In addition, certain assets of the Specified Intabex Obligors (which were pledged as collateral for the DDTL Facility Loans) are pledged as collateral to secure the New Intabex Loans (the "Intabex Collateral") but do not secure the New Notes, the New Pyxus Loans or the ABL Credit Agreement. The New Secured Debt is secured by (i) a first-priority lien on substantially all assets of the New Secured Debt Obligors other than certain exclusions and certain collateral for which obligations under the ABL Credit Agreement are secured on a first-priority basis (the "ABL Priority Collateral") and (ii) a second-priority lien on the ABL Priority Collateral. The New Intabex Loans are further secured by a first-priority lien on the Intabex Collateral. The New Secured Debt shares a single lien, held by Alter Domus, as senior collateral agent (the "Senior Collateral Agent"), on the Collateral (excluding the Intabex Collateral) subject to the payment waterfall pursuant to the intercreditor arrangements described below. Intercreditor and Collateral Agency Agreement On the Settlement Date, the New Secured Debt Obligors, together with the representative for the holders of the New Secured Debt and the Senior Collateral Agent, entered into the Intercreditor and Collateral Agency Agreement, dated as of February 6, 2023 (the "Intercreditor and Collateral Agency Agreement"), pursuant to which the Senior Collateral Agent, serves as joint collateral agent for the benefit of the holders of the New Notes, the New Pyxus Loans and the New Intabex Loans with respect to all common collateral securing such indebtedness (the "Collateral"; which, for the avoidance of doubt, excludes Intabex Collateral). The Intercreditor and Collateral Agency Agreement provides that any Collateral or proceeds thereof received in connection with or upon the exercise of any secured creditor remedies will be distributed (subject to the provisions described in the next paragraph) first to holders of the New Notes and the New Term Loans on a pro rata basis, and then to holders of any future junior debt secured by such Collateral on a pro rata basis (and in each case permitted refinancing indebtedness thereof). Exercise of rights and remedies against the Collateral and certain rights in a bankruptcy or insolvency proceeding (including the right to object to debtor-in-possession financing or to credit bid) by the Senior Collateral Agent will be controlled first by the holders of a majority in principal amount of the New Term Loans (including, in any event, each holder holding at least 20% of the New Term Loans as of the Settlement Date, provided such holder holds at least 15% of the New Term Loans as of the date of determination), second, after repayment in full of the New Term Loans, by the holders of a majority in principal amount of the New Notes and last, after repayment in full of the New Term Loans and the New Notes, by holders of a majority in principal amount of any future junior debt secured by the Collateral. Any such future junior debt will be subject to certain customary waivers of rights in a bankruptcy or insolvency proceeding in favor of the Senior Collateral Agent, including, but not limited to, with respect to debtor-in-possession financing, adequate protection and credit bidding. Limited Consent and Amendment to ABL Credit Agreement On January 5, 2023, Pyxus Holdings entered into the Limited Consent and Amendment to the ABL Credit Agreement (the "ABL Amendment"), which became effective concurrently with the consummation of the Exchange Transactions on the Settlement Date and which among other things, (i) permits the incurrence of the New Secured Debt and the related liens and priorities and the Exchange Transactions, to the extent applicable, and (ii) modifies certain covenants to be substantially consistent with those governing the New Secured Debt. In addition, on the Settlement Date, the New Secured Debt Obligors entered into the amended and restated intercreditor agreement, dated as of February 6, 2023 (the "Amended and Restated Intercreditor Agreement"), to amend and restate the intercreditor agreement, dated as of August 24, 2020, to govern the relative rights of the ABL Facility on the one hand, and the New Secured Debt on the other hand, in the Collateral. The ABL Facility retains a senior lien on all ABL Priority Collateral while the New Secured Debt has a senior lien on all Collateral other than the ABL Priority Collateral. Second Supplemental Indenture to the Existing Notes Indenture

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements represent the consolidation of Pyxus International, Inc. (the "Company", "Pyxus", "we", or "us") and all companies that Pyxus directly or indirectly controls, either through majority ownership or otherwise. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, the normal and recurring adjustments necessary for fair statement of financial position, results of operations, and cash flows at the dates and for the periods presented have been included. Intercompany accounts and transactions have been eliminated. These condensed consolidated interim financial statements should be read in conjunction with the Company's consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended March 31, 2022 filed on June 14, 2022. Due to the seasonal nature of the Company’s business, the results of operations for a fiscal quarter are not necessarily indicative of the operating results that may be attained for other quarters or a full fiscal year.
Segment Information	Segment Information During the year ended March 31, 2022, the Company reevaluated its operating and reportable segments under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 280 - Segment Reporting . As a result of this reevaluation, effective as of the fourth quarter of the fiscal year ended March 31, 2022, the Company has eight operating segments organized by geographic area and product category that are aggregated into one reportable segment for financial reporting purposes: Leaf. Based on our reevaluation, the Company concluded that the economic characteristics of our five Leaf region operations in North America, South America, Europe, Asia, and Africa were similar. Each geographic region derives its revenues mainly from shipping processed tobacco to manufacturers of cigarettes and other consumer tobacco products around the world, with a smaller percentage of revenue in each region being derived from performing third-party tobacco processing services. The three product category operating segments other than Leaf do not individually or in the aggregate meet the quantitative and qualitative thresholds to be individually reportable and have been combined and reported in the "All Other" category for purposes of reconciliation of respective balances for the Leaf segment to the condensed consolidated financial statements. Prior-period segment financial information has been revised to conform to the current-year presentation. See " Note 20. Segment Information " for additional information. Reclassifications The prior-period amount for goodwill impairment has been reclassified from other expense (income), net to conform to the current-year presentation.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2021, the FASB issued Accounting Standards Update ("ASU") No. 2021-10, Disclosures by Business Entities about Government Assistance . This ASU created ASC Topic 832, Government Assistance , and requires certain information be disclosed regarding assistance received from a government entity when either a grant or contribution accounting model is applied. The new disclosures are required for annual periods for transactions with a government entity that are within the scope of the Topic. The new disclosure guidance was adopted prospectively and became effective for the Company on April 1, 2022. The adoption of this new accounting standard is not expected to have a material impact on the Company's annual disclosures for fiscal year 2023.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Major Source	Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Leaf: Product revenue $ 625,129 $ 394,823 $ 1,423,612 $ 1,064,280 Processing and other revenues 27,128 31,301 75,212 82,657 Total sales and other operating revenues 652,257 426,124 1,498,824 1,146,937 All Other: Total sales and other operating revenues 3,296 2,818 8,912 9,496 Total sales and other operating revenues $ 655,553 $ 428,942 $ 1,507,736 $ 1,156,433
Schedule of Allowance for Doubtful Accounts and Activity of Claims Allowances	The following summarizes activity in the allowance for expected credit losses: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Balance, beginning of period $ (23,698) $ (23,641) $ (24,541) $ (20,900) Additions (593) (251) (1,618) (3,139) Write-offs 201 — 2,069 147 Balance, end of period (24,090) (23,892) (24,090) (23,892) Trade receivables 230,081 213,103 230,081 213,103 Trade receivables, net $ 205,991 $ 189,211 $ 205,991 $ 189,211

Restructuring and Asset Impai_2

Restructuring and Asset Impairment Charges (Tables)	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Asset Impairment Charges	The following summarizes the Company's restructuring and asset impairment charges: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Employee separation charges $ 35 $ 510 $ 345 $ 1,913 Asset impairment and other non-cash charges — 50 4,035 5,739 Restructuring and asset impairment charges $ 35 $ 560 $ 4,380 $ 7,652

Loss Per Share (Tables)

Loss Per Share (Tables)	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Share	The following summarizes the computation of loss per share: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Basic and diluted loss per share: Net loss attributable to Pyxus International, Inc. $ (2,333) $ (30,100) $ (18,533) $ (51,289) Shares: Weighted average number of shares outstanding 25,000 25,000 25,000 25,000 Basic and diluted loss per share $ (0.09) $ (1.20) $ (0.74) $ (2.05)

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	The following summarizes the composition of inventories, net: December 31, 2022 December 31, 2021 March 31, 2022 Processed tobacco $ 571,909 $ 650,373 $ 517,613 Unprocessed tobacco 86,487 64,191 193,406 Other tobacco related 30,018 19,397 29,694 All Other 8,169 11,278 8,714 Total $ 696,583 $ 745,239 $ 749,427

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The following summarizes the Company's equity method investments as of December 31, 2022: Investee Name Location Primary Purpose Ownership Percentage Basis Difference Adams International Ltd. Thailand Purchase and process tobacco 49% $ (4,526) Alliance One Industries India Private Ltd. India Purchase and process tobacco 49% (5,770) China Brasil Tobacos Exportadora SA Brazil Purchase and process tobacco 49% 44,500 Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş. Turkey Process tobacco 50% (416) Purilum, LLC U.S. Produce flavor formulations and consumable e-liquids 50% 4,589 Siam Tobacco Export Company Thailand Purchase and process tobacco 49% (6,098) The following summarizes financial information for these equity method investments: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Operations statement: Sales $ 165,621 $ 122,710 $ 297,278 $ 186,654 Gross profit 25,340 28,995 45,195 35,109 Net income 11,625 13,421 23,867 13,727 Company's dividends received — — 11,523 8,666 December 31, 2022 December 31, 2021 March 31, 2022 Balance sheet: Current assets $ 395,381 $ 284,803 $ 375,015 Property, plant, and equipment and other assets 41,000 36,394 42,841 Current liabilities 308,221 200,636 289,816 Long-term obligations and other liabilities 2,767 2,378 2,999

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The following summarizes the Company's financial relationships with its unconsolidated variable interest entities: December 31, 2022 December 31, 2021 March 31, 2022 Investments in variable interest entities $ 87,381 $ 85,263 $ 88,118 Receivables with variable interest entities 145 2,599 2,211 Guaranteed amounts to variable interest entities (not to exceed) 68,193 55,973 55,884

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	9 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Asset Rollforward	The following summarizes the changes in the Company's goodwill and other intangible assets, net: Nine Months Ended December 31, 2022 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Amortization Expense Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 9.7 years $ 23,568 $ (2,543) $ 21,025 Technology 5.4 years 11,471 (2,181) 9,290 Trade names 11.7 years 10,022 (605) 9,417 Total $ 45,061 $ (5,329) $ 39,732 Year Ended March 31, 2022 Weighted Average Remaining Useful Life Beginning Carrying Amount, Net Additions Amortization Expense Disposition of Humble Juice Impairment Ending Intangible Assets, Net Intangibles subject to amortization: Customer relationships 10.3 years $ 27,730 $ — $ (2,427) $ (1,735) $ — $ 23,568 Technology 5.8 years 12,858 840 (2,227) — — 11,471 Trade names 12.4 years 10,829 — (807) — — 10,022 Intangibles not subject to amortization: Goodwill 36,853 — — (4,667) (32,186) — Total $ 88,270 $ 840 $ (5,461) $ (6,402) $ (32,186) $ 45,061

Debt Arrangements (Tables)

Debt Arrangements (Tables)	9 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt Financing	The following summarizes debt and notes payable: December 31, December 31, March 31, (in thousands) Interest Rate 2022 2021 2022 Senior secured credit facilities: ABL Credit Facility 4.8 % (1) $ — $ — $ 90,000 Exit ABL Credit Facility 5.8 % (1) — 52,500 — DDTL Term Loan Facility (2) 11.6 % (1) 97,177 — — DDTL Facility 10.7 % (1) — 106,013 107,832 Senior secured notes: 10.0% senior secured first lien notes (3) 10.0 % 273,593 269,872 270,762 Exit Term Loan Credit Facility (4) 10.3 % (1) 222,620 218,509 219,500 Other long-term debt 4.4 % (1) 528 1,889 239 Notes payable to banks (5) 6.3 % (1) 492,326 384,230 378,612 Total debt $ 1,086,244 $ 1,033,013 $ 1,066,945 Short-term (5) $ 492,326 $ 384,230 $ 378,612 Long-term: Current portion of long-term debt $ 97,282 $ 107,687 $ 107,856 Long-term debt 496,636 541,096 580,477 Total $ 593,918 $ 648,783 $ 688,333 Letters of credit $ 14,337 $ 9,543 $ 9,038 (1) Weighted average rate for the trailing twelve months ended December 31, 2022. As the ABL Credit Facility and the DDTL Term Loan Facility have not been outstanding for a trailing twelve-month period, the interest rate is the weighted average rate from inception through December 31, 2022. (2) Balance of $97,177 is net of original issue discount of $2,823. Total repayment will be $100,000, subject to a 2.0% exit fee payable upon repayment occurring after July 28, 2023. (3) Balance of $273,593 is net of original issue discount of $7,251. Total repayment will be $280,844. (4) The aggregate balance of the Exit Term Loan Credit Facility of $222,620 includes $3,718 accrued paid-in-kind interest and $5,484 original issue premium. (5) Primarily foreign seasonal lines of credit.

Securitized Receivables (Tables

Securitized Receivables (Tables)	9 Months Ended
	Dec. 31, 2022
Transfers and Servicing [Abstract]
Schedule of Accounts Receivable Securitization Information	The following summarizes the Company's accounts receivable outstanding in the securitization facilities, which represents trade receivables sold into the program that have not been collected from the customer, and related beneficial interests, which represents the Company's residual interest in receivables sold that have not been collected from the customer: December 31, 2022 December 31, 2021 March 31, 2022 Receivables outstanding in facility $ 270,042 $ 105,175 $ 131,092 Beneficial interests 37,650 21,573 28,072 Cash proceeds from the sale of trade receivables is comprised of a combination of cash and a deferred purchase price receivable. Deferred purchase price receivable is realized after the collection of the underlying trade receivables sold by the purchasers. The following summarizes the Company's cash purchase price and deferred purchase price: Nine Months Ended December 31, 2022 2021 Cash proceeds for the period ended: Cash purchase price $ 574,977 $ 317,677 Deferred purchase price 122,638 155,226 Total $ 697,615 $ 472,903

Guarantees (Tables)

Guarantees (Tables)	9 Months Ended
	Dec. 31, 2022
Guarantees [Abstract]
Schedule of Guarantees and Associated Fair Values	The following summarizes amounts guaranteed and the fair value of those guarantees: December 31, 2022 December 31, 2021 March 31, 2022 Amounts guaranteed (not to exceed) $ 129,837 $ 94,462 $ 114,208 Amounts outstanding under guarantee (1) 48,376 26,609 49,413 Fair value of guarantees 1,752 747 2,956 Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing 113 — 15,781 (1) Most of the guarantees outstanding at December 31, 2022 expire within one year.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Recurring Fair Value Measurements	The following summarizes the financial assets and liabilities measured at fair value on a recurring basis: December 31, 2022 December 31, 2021 March 31, 2022 Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total Financial Assets: Derivative financial instruments $ 678 $ — $ 678 $ 603 $ — $ 603 $ 9,867 $ — $ 9,867 Securitized beneficial interests — 37,650 37,650 — 21,573 21,573 — 28,072 28,072 Total assets $ 678 $ 37,650 $ 38,328 $ 603 $ 21,573 $ 22,176 $ 9,867 $ 28,072 $ 37,939 Financial Liabilities: Derivative financial instruments $ — $ — $ — $ 1,280 $ — $ 1,280 $ — $ — $ — Long-term debt 419,020 532 419,552 448,903 2,057 450,960 447,843 246 448,089 Guarantees — 1,752 1,752 — 747 747 — 2,956 2,956 Total liabilities $ 419,020 $ 2,284 $ 421,304 $ 450,183 $ 2,804 $ 452,987 $ 447,843 $ 3,202 $ 451,045
Schedule of Assets Measured on Recurring Basis	The following summarizes the reconciliation of changes in Level 3 instruments measured on a recurring basis: Three Months Ended December 31, 2022 December 31, 2021 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 22,842 $ 577 $ 1,206 $ 26,056 $ 3,127 $ 343 Issuances of sales of receivables/guarantees — — 1,549 70,323 — 452 Settlements (40,002) — (79) (73,977) (1,070) (5) Additions 60,310 — — — — Losses recognized in earnings (5,500) (45) (924) (829) — (43) Ending balance $ 37,650 $ 532 $ 1,752 $ 21,573 $ 2,057 $ 747 Nine Months Ended December 31, 2022 December 31, 2021 Securitized Beneficial Interests Long-Term Debt Guarantees Securitized Beneficial Interests Long-Term Debt Guarantees Beginning balance $ 28,072 $ 246 $ 2,956 $ 19,370 $ 3,162 $ 1,740 Issuances of sales of receivables/guarantees — — 2,236 162,065 — 948 Settlements (112,758) — (1,422) (156,651) (1,107) (1,708) Additions 131,392 325 — — 2 — Losses recognized in earnings (9,056) (39) (2,018) (3,211) — (233) Ending balance $ 37,650 $ 532 $ 1,752 $ 21,573 $ 2,057 $ 747

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following summarizes sales and purchases transactions with related parties: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Sales $ 630 $ 1,955 $ 21,180 $ 20,768 Purchases 56,661 39,447 133,057 87,120
Schedule of Related Party Balances in Condensed Consolidated Balance Sheets	The Company included the following related party balances in its condensed consolidated balance sheets: December 31, 2022 December 31, 2021 March 31, 2022 Location in the Condensed Consolidated Balance Sheets Accounts receivable, related parties $ 770 $ 1,283 $ 1,896 Other receivables Notes receivable, related parties — 2,579 1,431 Other receivables Accounts payable, related parties 39,640 12,232 41,747 Accounts payable Advances from related parties 3,494 13,804 15,240 Advances from customers

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	The following summarizes segment information, with the All Other category being included for purposes of reconciliation of the respective balances below of the Leaf segment (the Company's sole reportable segment) to the condensed consolidated financial statements: Three Months Ended Nine Months Ended December 31, December 31, 2022 2021 2022 2021 Sales and other operating revenues: Leaf $ 652,257 $ 426,124 $ 1,498,824 $ 1,146,937 All Other 3,296 2,818 8,912 9,496 Consolidated sales and other operating revenues $ 655,553 $ 428,942 $ 1,507,736 $ 1,156,433 Segment operating income: Leaf $ 47,268 $ 36,617 $ 94,696 $ 71,011 All Other (5,626) (5,463) (14,621) (19,107) Segment operating income 41,642 31,154 80,075 51,904 Restructuring and asset impairment charges 35 560 4,380 7,652 Goodwill impairment — 372 — 372 Consolidated operating income $ 41,607 $ 30,222 $ 75,695 $ 43,880 December 31, 2022 December 31, 2021 March 31, 2022 Segment assets: Leaf $ 1,587,806 $ 1,539,210 $ 1,641,552 All Other 42,851 61,487 56,975 Total assets $ 1,630,657 $ 1,600,697 $ 1,698,527

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Dec. 31, 2022 segment
Segment Reporting Information [Line Items]
Number of operating segments	8
Number of reportable segments	1
Leaf Tobacco - Other Regions Segment
Segment Reporting Information [Line Items]
Number of operating segments	5
Product Other Than Leaf
Segment Reporting Information [Line Items]
Number of operating segments	3

Revenue Recognition - Revenue D

Revenue Recognition - Revenue Disaggregated by Product or Service (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	$ 655,553	$ 428,942	$ 1,507,736	$ 1,156,433
Leaf
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	652,257	426,124	1,498,824	1,146,937
Leaf | Product revenue
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	625,129	394,823	1,423,612	1,064,280
Leaf | Processing and other revenues
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	27,128	31,301	75,212	82,657
All Other
Disaggregation of Revenue [Line Items]
Consolidated sales and other operating revenues	$ 3,296	$ 2,818	$ 8,912	$ 9,496

Revenue Recognition - Allowance

Revenue Recognition - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of period	$ (23,698)	$ (23,641)	$ (24,541)	$ (20,900)
Additions	(593)	(251)	(1,618)	(3,139)
Write-offs	201	0	2,069	147
Balance, end of period	(24,090)	(23,892)	(24,090)	(23,892)
Trade receivables	230,081	213,103	230,081	213,103
Trade receivables, net	$ 205,991	$ 189,211	$ 205,991	$ 189,211

Restructuring and Asset Impai_3

Restructuring and Asset Impairment Charges - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Employee separation charges	$ 35	$ 510	$ 345	$ 1,913
Asset impairment and other non-cash charges	0	50	4,035	5,739
Restructuring and asset impairment charges	$ 35	$ 560	$ 4,380	$ 7,652

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	(119.90%)	(19.10%)

Loss Per Share - Schedule of Ba

Loss Per Share - Schedule of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Basic and diluted loss per share:
Net loss attributable to Pyxus International, Inc.	$ (2,333)	$ (30,100)	$ (18,533)	$ (51,289)
Weighted average number of shares outstanding - basic (in shares)	25,000	25,000	25,000	25,000
Weighted average number of shares outstanding - diluted (in shares)	25,000	25,000	25,000	25,000
Basic loss per share (in USD per share)	$ (0.09)	$ (1.20)	$ (0.74)	$ (2.05)
Diluted loss per share (in USD per share)	$ (0.09)	$ (1.20)	$ (0.74)	$ (2.05)

Inventories, Net - Summary (Det

Inventories, Net - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Processed tobacco	$ 571,909	$ 517,613	$ 650,373
Unprocessed tobacco	86,487	193,406	64,191
Other tobacco related	30,018	29,694	19,397
All Other	8,169	8,714	11,278
Total	$ 696,583	$ 749,427	$ 745,239

CCAA Proceeding and Deconsoli_2

CCAA Proceeding and Deconsolidation of Subsidiaries (Details) $ in Thousands, $ in Thousands	Jan. 28, 2022 CAD ($)	Jan. 28, 2021 CAD ($)	Jun. 30, 2022 USD ($)
DIP Financing Facility | Canadian DIP Facility
Debt Instrument [Line Items]
Settlement amount received			$ 2,011
Disposal Group, Disposed of by Sale, Not Discontinued Operations | FIGR Norfolk
Debt Instrument [Line Items]
Proceeds from divestiture of businesses	$ 5
Disposal Group, Disposed of by Sale, Not Discontinued Operations | FIGR East and Intangible Assets of FIGR Brands
Debt Instrument [Line Items]
Proceeds from divestiture of businesses		$ 24,750

Equity Method Investments - Sum

Equity Method Investments - Summary (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Operations statement:
Gross profit	$ 87,801			$ 65,226			$ 195,875	$ 159,400
Net income	(2,237)	$ (1,550)	$ (14,505)	(30,057)	$ (10,023)	$ (11,628)	(18,292)	(51,708)
Company's dividends received	0			0			11,523	8,666
Balance sheet:
Current assets	1,271,160			1,211,215			1,271,160	1,211,215	$ 1,327,647
Current liabilities	866,600			739,235			866,600	739,235	814,374
Equity Method Investment
Operations statement:
Sales	165,621			122,710			297,278	186,654
Gross profit	25,340			28,995			45,195	35,109
Net income	11,625			13,421			23,867	13,727
Balance sheet:
Current assets	395,381			284,803			395,381	284,803	375,015
Property, plant, and equipment and other assets	41,000			36,394			41,000	36,394	42,841
Current liabilities	308,221			200,636			308,221	200,636	289,816
Long-term obligations and other liabilities	$ 2,767			$ 2,378			$ 2,767	$ 2,378	$ 2,999
Adams International Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (4,526)						$ (4,526)
Alliance One Industries India Private Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (5,770)						$ (5,770)
China Brasil Tobacos Exportadora SA
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ 44,500						$ 44,500
Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş.
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	50%						50%
Basis difference	$ (416)						$ (416)
Purilum, LLC
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	50%						50%
Basis difference	$ 4,589						$ 4,589
Siam Tobacco Export Company
Schedule of Equity Method Investments [Line Items]
Ownership in equity method investment (as a percent)	49%						49%
Basis difference	$ (6,098)						$ (6,098)

Variable Interest Entities - Su

Variable Interest Entities - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investments in variable interest entities	$ 94,099	$ 95,420	$ 92,459
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in variable interest entities	87,381	88,118	85,263
Receivables with variable interest entities	145	2,211	2,599
Guaranteed amounts to variable interest entities (not to exceed)	$ 68,193	$ 55,884	$ 55,973

Other Intangible Assets, Net -

Other Intangible Assets, Net - Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Schedule of Intangible Assets [Line Items]
Beginning Carrying Amount, Net			$ 45,061
Beginning Carrying Amount, Net						$ 88,270
Additions					$ 840
Amortization Expense	$ (5,329)		(5,329)		(5,461)
Disposition of Humble Juice					(6,402)
Ending Intangible Assets, Net	39,732		39,732		45,061
Goodwill [Roll Forward]
Goodwill at beginning of period			0	$ 36,853	36,853
Additions					0
Disposition of Humble Juice					(4,667)
Impairment	0	$ (372)	0	(372)	(32,186)
Goodwill at end of period	0	$ 31,814	$ 0	$ 31,814	$ 0
Customer relationships
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life			9 years 8 months 12 days		10 years 3 months 18 days
Beginning Carrying Amount, Net			$ 23,568
Beginning Carrying Amount, Net						27,730
Additions					$ 0
Amortization Expense	(2,543)		(2,543)		(2,427)
Disposition of Humble Juice					(1,735)
Ending Intangible Assets, Net	21,025		$ 21,025		$ 23,568
Technology
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life			5 years 4 months 24 days		5 years 9 months 18 days
Beginning Carrying Amount, Net			$ 11,471
Beginning Carrying Amount, Net						12,858
Additions					$ 840
Amortization Expense	(2,181)		(2,181)		(2,227)
Disposition of Humble Juice					0
Ending Intangible Assets, Net	9,290		$ 9,290		$ 11,471
Trade names
Schedule of Intangible Assets [Line Items]
Weighted Average Remaining Useful Life			11 years 8 months 12 days		12 years 4 months 24 days
Beginning Carrying Amount, Net			$ 10,022
Beginning Carrying Amount, Net						$ 10,829
Additions					$ 0
Amortization Expense	(605)		(605)		(807)
Disposition of Humble Juice					0
Ending Intangible Assets, Net	$ 9,417		$ 9,417		$ 10,022

Debt Arrangements - Summary (De

Debt Arrangements - Summary (Details) - USD ($)		9 Months Ended
	Jul. 28, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt		$ 1,086,244,000	$ 1,066,945,000	$ 1,033,013,000
Short-term		492,326,000	378,612,000	384,230,000
Current portion of long-term debt		97,282,000	107,856,000	107,687,000
Long-term debt		496,636,000	580,477,000	541,096,000
Long-term debt including current maturities		593,918,000	688,333,000	648,783,000
Lines and Letters Available
Letters of credit		14,337,000	9,038,000	9,543,000
Interest Rate
Issue premium		5,484,000
Credit Facility | ABL Credit Facility
Debt Instrument [Line Items]
Total debt		$ 0	90,000,000	0
Interest Rate
Interest rate (as a percent)		4.80%
Credit Facility | Exit ABL Credit Facility
Debt Instrument [Line Items]
Total debt		$ 0	0	52,500,000
Interest Rate
Interest rate (as a percent)		5.80%
Credit Facility | Delayed Draw Term Loan Facility Credit Agreement
Debt Instrument [Line Items]
Total debt		$ 0	107,832,000	106,013,000
Interest Rate
Interest rate (as a percent)		10.70%
Original issue discount		$ 2,823,000
Repayments of debt		97,177,000
Exit fee payable		0.02
Credit Facility | Delayed Draw Term Loan Facility Credit Agreement | Forecast
Interest Rate
Repayments of debt	$ 100,000,000
Term Loan Facility
Debt Instrument [Line Items]
Total debt		$ 97,177,000	0	0
Interest Rate
Interest rate (as a percent)		11.60%
Senior Notes | 10.0% senior secured first lien notes
Debt Instrument [Line Items]
Total debt		$ 273,593,000	270,762,000	269,872,000
Interest Rate
Interest rate (as a percent)		10%
Original issue discount		$ 280,844,000
Repayments of debt		273,593,000
Repayments of debt, net of original issue discount		7,251,000
Term Loans
Debt Instrument [Line Items]
Total debt		$ 222,620,000	219,500,000	218,509,000
Interest Rate
Weighted-average interest rate (as a percent)		10.30%
Accrued paid-in-kind interest		$ 3,718,000
Other long-term debt
Debt Instrument [Line Items]
Total debt		$ 528,000	239,000	1,889,000
Interest Rate
Weighted-average interest rate (as a percent)		4.40%
Notes payable to banks
Debt Instrument [Line Items]
Total debt		$ 492,326,000	$ 378,612,000	$ 384,230,000
Interest Rate
Weighted-average interest rate (as a percent)		6.30%

Debt Arrangements - Narrative (

Debt Arrangements - Narrative (Details) - USD ($)			9 Months Ended
	Jun. 02, 2022	Feb. 08, 2022	Dec. 31, 2022	Mar. 31, 2022	Feb. 10, 2022	Dec. 31, 2021	Apr. 23, 2021	Sep. 03, 2020	Aug. 24, 2020
Debt Instrument [Line Items]
Total debt			$ 1,086,244,000	$ 1,066,945,000		$ 1,033,013,000
Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 218,900,000
Credit Facility | Minimum
Debt Instrument [Line Items]
Term of debt instrument			180 days
Credit Facility | Maximum
Debt Instrument [Line Items]
Term of debt instrument			365 days
Equity Method Investee | Glendon Capital Management LP
Debt Instrument [Line Items]
Number of common stock owned by related party ( in shares)								7,939
Proportion of common stock outstanding owned by related party (as a percent)								31.80%
Equity Method Investee | Monarch Alternative Capital LP
Debt Instrument [Line Items]
Number of common stock owned by related party ( in shares)								6,140
Proportion of common stock outstanding owned by related party (as a percent)								24.60%
Equity Method Investee | Owl Creek Asset Management, LP
Debt Instrument [Line Items]
Number of common stock owned by related party ( in shares)					2,405
Proportion of common stock outstanding owned by related party (as a percent)						9.60%
Alliance One Brazil | Alliance One International Tabak B.V.
Debt Instrument [Line Items]
Ownership interest (as a percent)							0.001%
Delayed Draw Term Loan Facility Credit Agreement
Debt Instrument [Line Items]
Outstanding loan percentage (as a percent)			99.70%
Exit Term Loan Credit Agreement
Debt Instrument [Line Items]
Outstanding loan percentage (as a percent)			68.10%
Existing Notes Indenture
Debt Instrument [Line Items]
Outstanding loan percentage (as a percent)			64.10%
Senior Notes | Senior Secured First Lien Notes due 2024
Debt Instrument [Line Items]
Repayments of debt			$ 273,593,000
Interest rate (as a percent)			10%
Face amount of debt instrument									$ 280,844,000
Total debt			$ 273,593,000	$ 270,762,000		$ 269,872,000
PNC ABL Credit Facility | Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 100,000
Repayments of debt		56,500,000
PNC ABL Credit Facility | Revolving Loans Facilities
Debt Instrument [Line Items]
Maximum borrowing capacity		120,000
Additional borrowing capacity		$ 20,000
ABL Credit Facility | Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity									75,000,000
Credit Facility | Delayed Draw Term Loan Facility Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 120,000,000
Term Loan Credit Facility | Term Loan Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000								$ 213,418,000
Interest rate (as a percent)	2%
Commitment fee percentage (in basis points)	3%
Closing fee percentage	1%
Term Loan Credit Facility | Term Loan Credit Agreement | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	7.50%
Term Loan Credit Facility | Term Loan Credit Agreement | SOFR | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	1%
Term Loan Credit Facility | Term Loan Credit Agreement | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	6.50%
TDB Facility | Credit Facility
Debt Instrument [Line Items]
Total debt			$ 128,630,000

Securitized Receivables - Narra

Securitized Receivables - Narrative (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($) program	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Number of accounts receivable securitization programs | program	3
Receivables sold, face value discounted (as a percent)	100%
Reductions of trade and other receivables due to settlements	$ 12,280	$ 2,730	$ 1,872
Accounts Receivable Securitization, Program One
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Trade receivables, maximum amount	100,000
Accounts Receivable Securitization, Program Two
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Trade receivables, maximum amount	$ 110,000

Securitized Receivables - Summa

Securitized Receivables - Summary (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Transfers and Servicing [Abstract]
Receivables outstanding in facility	$ 270,042	$ 105,175	$ 131,092
Beneficial interests	37,650	21,573	$ 28,072
Cash proceeds for the period ended:
Cash purchase price	574,977	317,677
Deferred purchase price	122,638	155,226
Total	$ 697,615	$ 472,903

Guarantees - Summary (Details)

Guarantees - Summary (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Guarantees [Abstract]
Amounts guaranteed (not to exceed)	$ 129,837	$ 114,208	$ 94,462
Amounts outstanding under guarantee	48,376	49,413	26,609
Fair value of guarantees	1,752	2,956	747
Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing	$ 113	$ 15,781	$ 0
Number of years before expiring guarantees	1 year

Derivative Financial Instrume_2

Derivative Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on derivatives	$ 1,966,000	$ 663,000	$ 4,676,000	$ 1,725,000
Current derivative asset	678,000	603,000	678,000	603,000
Current derivative liabilities	0	1,280,000	0	1,280,000
Notional amount of derivative contracts outstanding	$ 32,000,000	$ 72,522,000	$ 32,000,000	$ 72,522,000
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods and services sold	Cost of goods and services sold	Cost of goods and services sold	Cost of goods and services sold

Fair Value Measurements - Input

Fair Value Measurements - Input Hierarchy of Items Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financial Liabilities:
Derivative financial instruments	$ 0		$ 1,280
Total Assets / Liabilities at Fair Value
Financial Assets:
Derivative financial instruments	678	$ 9,867	603
Securitized beneficial interests	37,650	28,072	21,573
Total assets	38,328	37,939	22,176
Financial Liabilities:
Derivative financial instruments	0	0	1,280
Long-term debt	419,552	448,089	450,960
Guarantees	1,752	2,956	747
Total liabilities	421,304	451,045	452,987
Level 2
Financial Assets:
Derivative financial instruments	678	9,867	603
Securitized beneficial interests	0	0	0
Total assets	678	9,867	603
Financial Liabilities:
Derivative financial instruments	0	0
Long-term debt	419,020	447,843	448,903
Guarantees	0	0	0
Total liabilities	419,020	447,843	450,183
Level 3
Financial Assets:
Derivative financial instruments	0	0	0
Securitized beneficial interests	37,650	28,072	21,573
Total assets	37,650	28,072	21,573
Financial Liabilities:
Derivative financial instruments	0	0	0
Long-term debt	532	246	2,057
Guarantees	1,752	2,956	747
Total liabilities	$ 2,284	$ 3,202	$ 2,804

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Change in Recurring Level 3 Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Long-Term Debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 577	$ 3,127	$ 246	$ 3,162
Settlements		(1,070)		(1,107)
Additions			325	2
Losses recognized in earnings	(45)		(39)
Ending balance	532	2,057	532	2,057
Securitized Beneficial Interests
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	22,842	26,056	28,072	19,370
Issuances of sales of receivables/guarantees	0	70,323	0	162,065
Settlements	(40,002)	(73,977)	(112,758)	(156,651)
Additions	60,310		131,392
Losses recognized in earnings	(5,500)	(829)	(9,056)	(3,211)
Ending balance	37,650	21,573	37,650	21,573
Guarantees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,206	343	2,956	1,740
Issuances of sales of receivables/guarantees	1,549	452	2,236	948
Settlements	(79)	(5)	(1,422)	(1,708)
Losses recognized in earnings	(924)	(43)	(2,018)	(233)
Ending balance	$ 1,752	$ 747	$ 1,752	$ 747

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Securitized Beneficial Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Unrealized losses for securitized beneficial interests	$ 2,252	$ 640

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Loss on pension settlement	$ 0		$ 0	$ 2,588	$ 0
Defined Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to fully fund liabilities upon termination		$ 5,300

Contingencies and Other Infor_2

Contingencies and Other Information - Narrative (Details) - Tax Assessment - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 18, 2014	Oct. 26, 2007
Brazilian State of Parana
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 9,689		$ 2,524
Brazilian State of Santa Catarina
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	6,151	$ 2,184
Brazil State of Rio Grande do Sul and the State of Santa Catarina
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 13,535

Related Party Transactions - Su

Related Party Transactions - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Sales	$ 630	$ 1,955	$ 21,180	$ 20,768
Purchases	$ 56,661	$ 39,447	$ 133,057	$ 87,120

Related Party Transactions - Ba

Related Party Transactions - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Other receivables
Related Party Transaction [Line Items]
Accounts receivable, related parties	$ 770	$ 1,896	$ 1,283
Notes receivable, related parties	0	1,431	2,579
Accounts payable
Related Party Transaction [Line Items]
Accounts payable, related parties	39,640	41,747	12,232
Advances from customers
Related Party Transaction [Line Items]
Advances from related parties	$ 3,494	$ 15,240	$ 13,804

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)			3 Months Ended		9 Months Ended
	Jul. 28, 2022	Dec. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022	Apr. 23, 2021
Related Party Transaction [Line Items]
Repayments of long-term lines of credit					$ 110,250,000	$ 15,375,000
Interest expense to related parties			$ 9,264,000	$ 8,530,000	25,494,000	24,566,000
Equity Method Investee
Related Party Transaction [Line Items]
Interest payable, related parties			$ 7,649,000	$ 6,039,000	$ 7,649,000	$ 6,039,000	$ 3,984,000
Delayed Draw Term Loan Facility Credit Agreement | Intabex | Credit Facility | Owl Creek Asset Management, LP
Related Party Transaction [Line Items]
Proceeds from related party	$ 5,119,000
Delayed Draw Term Loan Facility Credit Agreement | Intabex | Credit Facility | DDTL Facility
Related Party Transaction [Line Items]
Proceeds from related party	5,250,000
Delayed Draw Term Loan Facility Credit Agreement | Credit Facility
Related Party Transaction [Line Items]
Maximum borrowing capacity								$ 120,000,000
Repayments of long-term lines of credit		$ 15,375,000
Term Loan Credit Agreement | Credit Facility | Intabex
Related Party Transaction [Line Items]
Repayments of debt	97,500,000
Face amount of debt instrument	100,000,000
Term Loan Credit Agreement | Intabex | Credit Facility
Related Party Transaction [Line Items]
Repayment of credit agreement, aggregate amount receivable	3,900,000
Repayment of credit agreement, payment received	$ 4,000,000

Segment Information - Summary (

Segment Information - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	$ 655,553	$ 428,942	$ 1,507,736	$ 1,156,433
Operating income	41,607	30,222	75,695	43,880
Total assets	1,630,657	1,600,697	1,630,657	1,600,697	$ 1,698,527
Operating Segments
Segment Reporting Information [Line Items]
Operating income	41,642	31,154	80,075	51,904
Leaf
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	652,257	426,124	1,498,824	1,146,937
Restructuring and asset impairment charges	35	560	4,380	7,652
Total assets	1,587,806	1,539,210	1,587,806	1,539,210	1,641,552
Leaf | Operating Segments
Segment Reporting Information [Line Items]
Operating income	47,268	36,617	94,696	71,011
All Other
Segment Reporting Information [Line Items]
Consolidated sales and other operating revenues	3,296	2,818	8,912	9,496
Total assets	42,851	61,487	42,851	61,487	$ 56,975
All Other | Operating Segments
Segment Reporting Information [Line Items]
Operating income	$ (5,626)	$ (5,463)	$ (14,621)	$ (19,107)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Feb. 06, 2023	Jun. 02, 2022	Jan. 05, 2023
Term Loan Credit Facility | Term Loan Credit Agreement
Subsequent Event [Line Items]
Interest rate (as a percent)		2%
Term Loan Credit Facility | Term Loan Credit Agreement | SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)		7.50%
Term Loan Credit Facility | Term Loan Credit Agreement | SOFR | Minimum
Subsequent Event [Line Items]
Interest rate (as a percent)		1%
Term Loan Credit Facility | Term Loan Credit Agreement | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)		6.50%
Subsequent Event | DDTL Facility Loans | Term Loan Credit Agreement
Subsequent Event [Line Items]
Shareholder election percent	100%
Subsequent Event | DDTL Facility Loans | New Intabex Loans
Subsequent Event [Line Items]
Exit fee (as a percent)			2%
Exit facility loans, exchange percent			40%
Subsequent Event | DDTL Facility Loans | New Senior Secured Term Loans
Subsequent Event [Line Items]
Exit facility loans, exchange percent			60%
Subsequent Event | DDTL Facility Loans | New Notes
Subsequent Event [Line Items]
Interest rate (as a percent)			8.50%
Subsequent Event | DDTL Facility Loans | Existing Notes
Subsequent Event [Line Items]
Shareholder election percent	92.70%
Subsequent Event | Term Loan Credit Facility | Term Loan Credit Agreement
Subsequent Event [Line Items]
Face amount	$ 100
Subsequent Event | New Intabex Credit Facility
Subsequent Event [Line Items]
Redemption price (as a percent)	40%
Subsequent Event | New Intabex Credit Facility | Term Loan Credit Agreement
Subsequent Event [Line Items]
Face amount	$ 189
Exit fee payment	$ 2
Subsequent Event | New Intabex Credit Facility | Term Loan Credit Agreement | SOFR | Maximum
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	8%
Subsequent Event | New Intabex Credit Facility | Term Loan Credit Agreement | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	7%
Subsequent Event | New Intabex Credit Facility | Term Loan Credit Agreement | Base Rate | Minimum
Subsequent Event [Line Items]
Interest rate (as a percent)	1.50%
Subsequent Event | New Intabex Credit Facility | Existing Notes
Subsequent Event [Line Items]
Face amount	$ 87
Subsequent Event | New Pyxus Credit Facility | Term Loan Credit Agreement
Subsequent Event [Line Items]
Face amount	$ 130.5
Subsequent Event | New Pyxus Credit Facility | Term Loan Credit Agreement | SOFR | Maximum
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	8%
Subsequent Event | New Pyxus Credit Facility | Term Loan Credit Agreement | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	7%
Subsequent Event | New Pyxus Credit Facility | Term Loan Credit Agreement | Base Rate | Minimum
Subsequent Event [Line Items]
Interest rate (as a percent)	1.50%
Subsequent Event | New Pyxus Credit Facility | Existing Notes
Subsequent Event [Line Items]
Redemption price (as a percent)	60%
Subsequent Event | New Pyxus Credit Facility | 8.50% Senior Secured Notes Due 2027
Subsequent Event [Line Items]
Interest rate (as a percent)	8.50%
Face amount	$ 260.5
Redemption price (as a percent)	100%