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Accumulated Other Comprehensive Income/( Loss) (Tables)
 12 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income/( Loss) The following table sets forth the changes in AOCI during the years ended December 31, 2023, 2022 and 2021:
Accumulated Other Comprehensive Income/(Loss)
Foreign currency translation gain/(loss)Unrealized gain/(loss) on cash flow hedgesRetirement benefitsTotal
Balance as of January 1, 2021$(86,185)$13,799 $(2,598)$(74,984)
Gains / (losses) recognized during the year(11,134)4,663 (558)(7,029)
Losses on net investment hedges(1,134)— — (1,134)
Reclassification to net income (1)
— (9,264)709 (8,555)
Income tax effects (2)
3,016 (778)(10)2,228 
Accumulated other comprehensive income/(loss) as of December 31, 2021$(95,437)$8,420 $(2,457)$(89,474)
Gains / (losses) recognized during the year(47,734)(27,333)2,574 (72,493)
Reclassification to net income (1)
— 1,295 592 1,887 
Income tax effects (2)
10,032 6,315 (410)15,937 
Accumulated other comprehensive income/(loss) as of December 31, 2022$(133,139)$(11,303)$299 $(144,143)
Gains recognized during the year652 14,403 1,337 16,392 
Reclassification to net income (1)
— 5,208 (94)5,114 
Income tax effects (2)
(156)(4,110)(137)(4,403)
Accumulated other comprehensive income/(loss) as of December 31, 2023$(132,643)$4,198 $1,405 $(127,040)

(1)    Refer to Note 17 - Derivatives and Hedge Accounting and Note 20 - Employee Benefit Plans to the consolidated financial statements for reclassification to net income.

(2)    These are income tax effects recognized on cash flow hedges, retirement benefits and foreign currency translation gain/(loss). Refer to Note 22 - Income Taxes to the consolidated financial statements.