Accumulated Other Comprehensive Earnings (Loss)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Earnings (Loss)

18. Accumulated Other Comprehensive Earnings (Loss)

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

	December 31, 2023		December 31, 2022
Cumulative foreign currency translation adjustments	$	(181,331)	$	(220,224)
Pension and other postretirement benefit plans	(58,430)		(45,258)
Changes in fair value of cash flow hedges and other	1,895		(741)
	$	(237,866)	$	(266,223)

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2023, 2022 and 2021 were as follows:

	Years Ended December 31,
	2023		2022		2021
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 (gains) losses	$	(2,551)	$	2,965	$	12,278
Amortization of prior service costs and transition obligation	1,157		1,074		1,304
Settlement and curtailment	3,633		4,282		1,482
Total before tax	2,239		8,321		15,064
Tax benefit	(538)		(1,842)		(3,423)
Net of tax	$	1,701	$	6,479	$	11,641
Cash flow hedges:
Net losses (gains) reclassified into earnings	$	2,437	$	(4,797)	$	(6,271)
Tax (benefit) expense	(483)		1,065		1,400
Net of tax	$	1,954	$	(3,732)	$	(4,871)

Foreign currency translation losses were recognized in selling, general and administrative expenses within the consolidated statement of earnings as a result of the substantial liquidation of certain businesses.

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within 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.