Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

The Company reports activity in AOCI for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on cash flow hedge derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the three and nine months ended September 30, 2022 and 2021 is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Pension and other postretirement benefits:
Gain arising during the period	$	61	$	382	$	4	$	1,144
Amortization of prior service cost (1)	5		7		16		22
Total pension and other postretirement benefits, net of tax	$	66	$	389	$	20	$	1,166
Foreign currency translation adjustments:
Cumulative translation adjustment	$	(91,178)	$	(9,485)	$	(187,853)	$	(13,141)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture	—		—		4,970		—
Derivative net investment hedges	66,140		—		145,163		—
Total foreign currency translation loss	$	(25,038)	$	(9,485)	$	(37,720)	$	(13,141)
Designated derivatives:
Cash flow hedge derivatives	$	17,775	$	5,094	$	25,913	$	10,116
Net amount reclassified from AOCI to net loss	(9,501)		(4,847)		(15,929)		(7,239)
Total unrealized gains on derivative contracts	$	8,274	$	247	$	9,984	$	2,877
Total change in other comprehensive loss	$	(16,698)	$	(8,849)	$	(27,716)	$	(9,098)

(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying condensed consolidated statements of operations.