Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Note M – Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss on the Consolidated Balance Sheets at December 31, 2020 and September 30, 2021 and the changes during the nine-month period ended September 30, 2021, are presented net of taxes in the following table.


(Thousands of dollars)	Foreign Currency Translation Gains (Losses)		Retirement and Postretirement Benefit Plan Adjustments		Deferred Loss on Interest Rate Derivative Hedges		Total
Balance at December 31, 2020	$	(324,011)	(275,632)		(1,690)		(601,333)
Components of other comprehensive income (loss):
Before reclassifications to income and retained earnings	6,534		—		—		6,534
Reclassifications to income	—		12,935	¹	1,690	²	14,625
Net other comprehensive income (loss)	6,534		12,935		1,690		21,159
Balance at September 30, 2021	$	(317,477)	(262,697)		—		(580,174)

1 Reclassifications before taxes of $16,282 are included in the computation of net periodic benefit expense for the nine-month period ended September 30, 2021. See Note H for additional information. Related income taxes of $3,347 are included in Income tax expense (benefit) for the nine-month period ended September 30, 2021.

2 Reclassifications before taxes of $2,140 are included in Interest expense, net, for the nine-month period ended September 30, 2021. Related income taxes of $450 are included in Income tax expense (benefit) for the nine-month period ended September 30, 2021. See Note L for additional information.