Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2025

The Company reports activity in Accumulated other comprehensive loss (“AOCI”) for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on designated derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the three months ended March 31, 2025 and 2024 is as follows:


	Three Months Ended March 31,
		2025		2024
		(In thousands)
Opening balance - accumulated other comprehensive loss		$	(27,279)	$	(16,640)

Pension and other postretirement benefits:
Balance at beginning of period, net of tax		$	898	$	383
Loss arising during period		(49)		(13)
Net loss on pension and other postretirement benefit		(49)		(13)
Balance at end of period, net of tax		$	849	370

Foreign currency translation adjustments:
Balance at beginning of period, net of tax		$	(46,028)	$	(31,587)
Cumulative translation adjustment		33,494		(27,506)
Non-derivative net investment hedges		(39,342)		26,925
Net loss on foreign currency translation		(5,848)		(581)
Balance at end of period, net of tax		$	(51,876)	$	(32,168)

Designated derivatives:
Balance at beginning of period, net of tax		$	17,851	$	14,564
Cash flow hedge derivatives		(7,769)		21,038
Net amount reclassified from AOCI to net loss		(1,067)		(8,338)
Net (loss) gain on designated derivatives		(8,836)		12,700
Balance at end of period, net of tax		$	9,015	$	27,264

Closing balance - accumulated other comprehensive loss		$	(42,012)	$	(4,534)