ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows:

 

(In thousands)	Foreign currency translation adjustments, net		Total pension and postretirement adjustments, net		Accumulated other comprehensive income (loss)
December 31, 2020	$	(88,737)	$	(222,119)	$	(310,856)
Other comprehensive income (loss) before reclassifications (1)	(10,829)		107,211		96,382
Amounts reclassified from accumulated other comprehensive loss (1)	—		24,009		24,009
Net current period other comprehensive income (loss)	(10,829)		131,220		120,391
December 31, 2021	$	(99,566)	$	(90,899)	$	(190,465)
Other comprehensive income (loss) before reclassifications (1)	(6,825)		1,393		(5,432)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		4,373		4,373
Net current period other comprehensive income (loss)	(6,825)		5,766		(1,059)
March 31, 2022	$	(106,391)	$	(85,133)	$	(191,524)

(1) All amounts are after tax.

Details of amounts reclassified from accumulated other comprehensive income (loss) are below:

 

(In thousands)	Amount reclassified from AOCI		Affected line item in the statement where net earnings is presented
Defined benefit pension and other postretirement benefit plans
Amortization of prior service costs	$	86	Other income, net
Amortization of actuarial losses	(4,006)		Other income, net
Settlements	(1,842)		Other income, net
	(5,762)		Earnings before income taxes
	1,389		Provision for income taxes
Total reclassifications	$	(4,373)	Net earnings