Accumulated Other Comprehensive Earnings (Loss)

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Earnings (Loss)

18. Accumulated Other Comprehensive Earnings (Loss)

The components of accumulated other comprehensive earnings (loss) are as follows:


	December 31, 2022		December 31, 2021
Cumulative foreign currency translation adjustments	$	(220,224)	$	(107,130)
Pension and other postretirement benefit plans	(45,258)		(50,448)
Changes in fair value of cash flow hedges and other	(741)		3,526
	$	(266,223)	$	(154,052)

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2022, 2021 and 2020 were as follows:


	Years Ended December 31,
	2022		2021		2020
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings	$	5,915	$	—	$	—
Tax benefit	—		—		—
Net of tax	$	5,915	$	—	$	—
Pension and other postretirement benefit plans:
Amortization of actuarial losses	$	2,965	$	12,278	$	8,583
Amortization of prior service costs and transition obligation	1,074		1,304		1,442
Settlement and curtailment	4,282		1,482		25
Total before tax	8,321		15,064		10,050
Tax benefit	(1,842)		(3,423)		(2,184)
Net of tax	$	6,479	$	11,641	$	7,866
Cash flow hedges:
Net gains reclassified into earnings	$	(4,797)	$	(6,271)	$	(817)
Tax expense	1,065		1,400		185
Net of tax	$	(3,732)	$	(4,871)	$	(632)

The Company recognizes the amortization of net actuarial losses, prior service costs and transition obligation as well as settlements and curtailments, in other income, net in the consolidated statements of earnings.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses in the consolidated statements of earnings.