ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of 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, 2021	$	(99,566)	$	(90,899)	$	(190,465)
Other comprehensive income (loss) before reclassifications (1)	(61,241)		(23,447)		(84,688)
Amounts reclassified from accumulated other comprehensive loss (1)	—		16,237		16,237
Net current period other comprehensive income (loss)	(61,241)		(7,210)		(68,451)
December 31, 2022	$	(160,807)	$	(98,109)	$	(258,916)
Other comprehensive income (loss) before reclassifications (1)	14,666		(223)		14,443
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		31		31
Net current period other comprehensive income (loss)	14,666		(192)		14,474
March 31, 2023	$	(146,141)	$	(98,301)	$	(244,442)

(1) All amounts are after tax.

Reclassification out of Accumulated Other Comprehensive Income

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	$	33	Other income, net
Amortization of actuarial losses	(77)		Other income, net
	(44)		Earnings before income taxes
	13		Provision for income taxes
Total reclassifications	$	(31)	Net earnings