Derivatives (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The table below shows the effects of designated cash flow hedges on the Company’s Consolidated and Combined Statements of Operations.

		Year Ended December 31,
Derivative type	(Gain) recognized in the Consolidated and Combined Statements of Operations	2024		2023
		(In thousands)
Interest rate swap agreement(s)	Interest expense and other, net	$	(9,104)	$	(11,053)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below shows the fair value of the derivatives recognized in the Company’s Consolidated Balance Sheets.

		December 31, 2024				December 31, 2023
Designated as hedging instruments		Other Liabilities		Other Assets		Other Liabilities		Other Assets
	(In thousands)
Cross-currency swap agreements		$	1,830	$	—	$	22,232	$	—
Interest rate swap agreement(s)		—		842		—		9,522
Total		$	1,830	$	842	$	22,232	$	9,522

Derivatives Not Designated as Hedging Instruments

The table below shows the fair value of derivative instruments not designated in a hedging relationship recognized in the Company’s Consolidated Balance Sheets.

	December 31, 2024				December 31, 2023
Not designated as hedging instruments	Accrued Liabilities		Other Current Assets		Accrued Liabilities		Other Current Assets
	(In thousands)
Foreign currency contracts	$	379	$	255	$	596	$	1,088

Schedule of Derivative Instruments

The Company recognized the following in its Consolidated and Combined Financial Statements related to its derivative instruments not designated in a hedging relationship:

	Year Ended December 31,
Foreign currency contracts	2024		2023		2022
	(In thousands)
Change in unrealized (loss) gain	$	(616)	$	(1,023)	$	1,338
Realized gain (loss)(1)	$	1,490	$	(2,928)	$	(17,601)

(1) The year ended December 31, 2022 includes realized losses relating to certain corporate entities contributed to ESAB Corporation that are reflected within Interest expense and other, net, in the Consolidated and Combined Statements of Operations. These realized losses are offset by unrealized gains which are also reflected within Interest expense and other, net, in the Consolidated and Combined Statements of Operations

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The table below shows the effects of the excluded components of designated net investment hedges on the Company’s Consolidated and Combined Statements of Operations.

		Year Ended December 31,
Derivative type	(Gain) recognized in the Consolidated and Combined Statements of Operations	2024		2023
Cross currency-swap agreements	Interest expense and other, net	$	(4,687)	$	(4,779)