Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2022

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

Accumulated Other Comprehensive Loss

Note M – Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss on the Consolidated Balance Sheets at December 31, 2021 and June 30, 2022 and the changes during the six-month period ended June 30, 2022, are presented net of taxes in the following table.

(Thousands of dollars)	Foreign Currency Translation Gains (Losses)		Retirement and Postretirement Benefit Plan Adjustments		Total
Balance at December 31, 2021	$	(311,895)	(215,816)		(527,711)
Components of other comprehensive income (loss):
Before reclassifications to income and retained earnings	(33,525)		—		(33,525)
Reclassifications to income	—		6,509	¹	6,509
Net other comprehensive income (loss)	(33,525)		6,509		(27,016)
Balance at June 30, 2022	$	(345,420)	(209,307)		(554,727)

1 Reclassifications before taxes of $8,256 are included in the computation of net periodic benefit expense for the six-month period ended June 30, 2022.  See Note H for additional information.  Related income taxes of $1,747 are included in Income tax expense (benefit) for the six-month period ended June 30, 2022.