Equity (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accumulated Other Comprehensive Loss

The following table presents the changes in the balances of each component of AOCL including reclassifications out of AOCL for the years ended December 31, 2024, 2023 and 2022. All amounts are net of tax and noncontrolling interest, if any.


	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension and Other Post-Retirement Benefit Cost		Foreign Currency Translation Adjustment		Net Investment Hedges		Cash Flow Hedges		Total
	(In thousands)
Balance at January 1, 2022	$	(21,196)	$	(439,692)	$	—	$	—	$	(460,888)
Other comprehensive (loss) income before reclassifications:
Amounts contributed by Former Parent(2)	(50,504)		(8,759)		—		—		(59,263)
Net actuarial gain	113		—		—		—		113
Foreign currency translation adjustment	1,712		(82,351)		(8,336)		—		(88,975)
Loss on long-term intra-entity foreign currency transactions	—		(83,105)		—		—		(83,105)
Unrealized gain on cash flow hedges	—		—		—		10,782		10,782
Other comprehensive (loss) income before reclassifications	(48,679)		(174,215)		(8,336)		10,782		(220,448)
Amounts reclassified from Accumulated other comprehensive loss((1)(3)	6,028		—		—		320		6,348
Net current period Other comprehensive (loss) income	(42,651)		(174,215)		(8,336)		11,102		(214,100)
Balance at December 31, 2022	(63,847)		(613,907)		(8,336)		11,102		(674,988)
Other comprehensive income (loss) before reclassifications:
Net actuarial gain	8,969		—		—		—		8,969
Foreign currency translation adjustment	(3,285)		(11,143)		(8,879)		—		(23,307)
Gain on long-term intra-entity foreign currency transactions	—		70,428		—		—		70,428
Unrealized gain on cash flow hedges	—		—		—		4,834		4,834
Other comprehensive income (loss) before reclassifications	5,684		59,285		(8,879)		4,834		60,924
Amounts reclassified from Accumulated other comprehensive loss(1)(3)	(1,642)		—		—		(8,566)		(10,208)
Net current period Other comprehensive income (loss)	4,042		59,285		(8,879)		(3,732)		50,716
Balance at December 31, 2023	(59,805)		(554,622)		(17,215)		7,370		(624,272)
Other comprehensive income (loss) before reclassifications:
Net actuarial gain	9,069		—		—		—		9,069
Foreign currency translation adjustment	530		(137,599)		15,968		—		(121,101)
Gain on long-term intra-entity foreign currency transactions	—		14,136		—		—		14,136
Unrealized gain on cash flow hedges	—		—		—		4,426		4,426
Other comprehensive income (loss) before reclassifications	9,599		(123,463)		15,968		4,426		(93,470)
Amounts reclassified from Accumulated other comprehensive loss(1)(3)	(146)		—		—		(9,980)		(10,126)
Purchase related to noncontrolling interest	—		(1,706)		—		—		(1,706)
Net current period Other comprehensive income (loss)	9,453		(125,169)		15,968		(5,554)		(105,302)
Balance at December 31, 2024	$	(50,352)	$	(679,791)	$	(1,247)	$	1,816	$	(729,574)

(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost. See Note 14, “Benefit Plans” for additional details.

(2) Includes unrecognized pension and other post-retirement costs and accumulated currency translation adjustments of certain entities that were part of the Corporate segment of the Former Parent and were transferred to ESAB Corporation in anticipation of the Separation.

(3) The amounts on this line within the Cash Flow Hedges column are a component of Interest expense and other, net. See Note 16, “Derivatives,” for additional details.

Schedule of Nonvested Share Activity

The activity of the Company’s PRSUs and RSUs is included in the table below.


	PRSUs			RSUs
	Number of Units	Weighted- Average Grant-Date Fair Value		Number of Units	Weighted-Average Grant-Date Fair Value
Balance at December 31, 2023	143,875	$	55.86	464,730	$	55.21
Granted	56,767	100.33		122,155	95.23
Vested	—	—		(191,802)	56.54
Forfeited and expired	—	—		(21,463)	65.79
Balance at December 31, 2024	200,642	$	68.44	373,620	$	67.02