Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

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

Accumulated Other Comprehensive Loss

Note L – Accumulated Other Comprehensive Loss

The components of “Accumulated other comprehensive loss” on the Consolidated Balance Sheets at December 31, 2022 and March 31, 2023 and the changes during the three-month period ended March 31, 2023, 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, 2022	$	(418,230)	$	(116,456)	$	(534,686)
Components of other comprehensive income (loss):
Before reclassifications to income	3,669		–		3,669
Reclassifications to income ¹	–		1,098		1,098
Net other comprehensive income (loss)	3,669		1,098		4,767
Balance at March 31, 2023	$	(414,561)	$	(115,358)	$	(529,919)

1  Reclassifications before taxes of $1,334 thousand are included in the computation of net periodic benefit expense for the three-month period ended March 31, 2023. See Note G for additional information. Related income taxes of $236 thousand are included in Income tax expense (benefit) for the three-month period ended March 31, 2023.