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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
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 and nine months ended September 30, 2025 and 2024 is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Opening balance - accumulated other comprehensive loss$(58,468)$(14,313)$(27,279)$(16,640)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax$800 $279 $898 $383 
Loss arising during period(49)(13)(147)(117)
Net loss on pension and other postretirement benefit(49)(13)(147)(117)
Balance at end of period, net of tax$751 $266 $751 $266 
Foreign currency:
Balance at beginning of period, net of tax$(65,089)$(42,792)$(46,028)$(31,587)
Cumulative translation adjustment(8,368)41,282 96,896 3,983 
Non-derivative net investment hedges(1)
2,992 (37,262)(122,107)(11,168)
Derivative net investment hedge(1)
105 — (1,493)
Reclassification of derivative net investment hedge to earnings(1)
1,493 — 1,493 — 
Reclassification of accumulated CTA on SuperFrio sale proceeds(1,579)— (1,579)— 
Reclassification of CTA to earnings upon sale of partially owned entity— — 2,372 — 
Net (loss) gain on foreign currency translation(5,357)4,020 (24,418)(7,185)
Balance at end of period, net of tax$(70,446)$(38,772)$(70,446)$(38,772)
Designated derivatives:
Balance at beginning of period, net of tax$5,821 $28,200 $17,851 $14,564 
Cash flow hedge derivatives(1)
437 (22,228)(13,904)1,414 
Net amount reclassified from AOCI to earnings(1)
(1,367)(252)944 (10,258)
Net loss on designated derivatives(930)(22,480)(12,960)(8,844)
Balance at end of period, net of tax$4,891 $5,720 $4,891 $5,720 
Closing balance - accumulated other comprehensive loss$(64,804)$(32,786)$(64,804)$(32,786)
(1)Refer to Note 5 - Derivative Financial Instruments for details of our derivative and designated non-derivative financial instruments, including the classification on the Condensed Consolidated Statements of Operations for items reclassified from AOCI to Net loss.