Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2026

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, 2026 and 2025 is as follows:


	Three Months Ended March 31,
		2026		2025
		(In thousands)
Opening balance - accumulated other comprehensive loss		$	(63,190)	$	(27,279)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax		$	910	$	898
Net loss arising during period		(33)		(49)
Net loss on pension and other postretirement benefit		(33)		(49)
Balance at end of period, net of tax		$	877	$	849
Foreign currency:
Balance at beginning of period, net of tax		$	(68,893)	$	(46,028)
Cumulative translation adjustment		(2,554)		33,494
Non-derivative net investment hedges(1)		7,400		(39,342)
Net gain (loss) on foreign currency translation		4,846		(5,848)
Balance at end of period, net of tax		$	(64,047)	$	(51,876)
Designated derivatives:
Balance at beginning of period, net of tax		$	4,793	$	17,851
Cash flow hedge derivatives(1)		4,305		(7,769)
Net amount reclassified from AOCI to earnings(1)		(436)		(1,067)
Net gain (loss) on designated derivatives		3,869		(8,836)
Balance at end of period, net of tax		$	8,662	$	9,015
Closing balance - accumulated other comprehensive loss		$	(54,508)	$	(42,012)

(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.