Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of March 31, 2022, and 2021, and the amounts recognized as and reclassified from accumulated other comprehensive loss for each of the periods are summarized below. Amounts are after tax where applicable. Certain amounts recognized as comprehensive income (loss) or reclassified from accumulated other comprehensive loss have no tax effect due to the Corporation having a valuation allowance recorded against the deferred income tax assets for the jurisdiction where the income or expense is recognized.

Three Months Ended March 31, 2022	Beginning of the Period		Recognized		Reclassified		End of the Period
Foreign currency purchase contracts	$	135	$	0	$	7	$	128
Futures contracts – copper and aluminum		142		443		88		497
	$	277	$	443	$	95	$	625
Three Months Ended March 31, 2021
Foreign currency purchase contracts	$	162	$	0	$	7	$	155
Futures contracts – copper and aluminum		427		310		324		413
	$	589	$	310	$	331	$	568

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Loss to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the Next		Three Months Ended March 31,
	of Operations	12 Months		2022		2021
Foreign currency purchase contracts	Depreciation and amortization	$	28	$	7	$	7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation and amortization)	$	497	$	88	$	324