XML 49 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Accumulated Other Comprehensive Earnings (Loss)
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023
Cumulative foreign currency translation adjustments$(265,815)$(181,331)
Pension and other postretirement benefit plans(64,238)(58,430)
Changes in fair value of cash flow hedges and other2,277 1,895 
 $(327,776)$(237,866)

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings from continuing operations during the years ended December 31, 2024, 2023 and 2022 were as follows:
Years Ended December 31,
202420232022
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings$13,931 $— $5,915 
Tax benefit— — — 
Net of tax$13,931 $— $5,915 
Pension and other postretirement benefit plans:
Amortization of actuarial (gains) losses$(1,890)$(2,551)$2,965 
Amortization of prior service (credit) costs and transition obligation
(760)1,157 1,074 
Settlement and curtailment113 3,633 4,282 
Total before tax(2,537)2,239 8,321 
Tax expense (benefit)
522 (538)(1,842)
Net of tax$(2,015)$1,701 $6,479 
Cash flow hedges:
Net (gains) losses reclassified into earnings
$(1,480)$2,437 $(4,797)
Tax expense (benefit)
290 (483)1,065 
Net of tax$(1,190)$1,954 $(3,732)

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.