Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss were as follows (in thousands):

	Three months ended September 30, 2023
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(89,787)	$	(13,196)	$	(253,141)	$	(356,124)
Other comprehensive loss, before reclassifications	(12,355)		(29,508)		—		(41,863)
Income tax benefit	803		6,927		—		7,730
	(11,552)		(22,581)		—		(34,133)
Reclassifications:
Net loss on derivative financial instruments	—		45,059		—		45,059
Prior service credits(a)	—		—		22		22
Actuarial gains(a)	—		—		(1,278)		(1,278)
Reclassifications before tax	—		45,059		(1,256)		43,803
Income tax (expense) benefit	—		(10,580)		295		(10,285)
	—		34,479		(961)		33,518
Other comprehensive (loss) income	(11,552)		11,898		(961)		(615)
Balance, end of period	$	(101,339)	$	(1,298)	$	(254,102)	$	(356,739)
	Three months ended September 25, 2022
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(79,543)	$	20,775	$	(183,508)	$	(242,276)
Other comprehensive loss, before reclassifications	(47,333)		(68,167)		—		(115,500)
Income tax benefit	1,088		14,803		—		15,891
	(46,245)		(53,364)		—		(99,609)
Reclassifications:
Net loss on derivative financial instruments	—		79,852		—		79,852
Prior service credits(a)	—		—		(909)		(909)
Actuarial losses(a)	—		—		8,100		8,100
Reclassifications before tax	—		79,852		7,191		87,043
Income tax expense	—		(17,457)		(1,688)		(19,145)
	—		62,395		5,503		67,898
Other comprehensive (loss) income	(46,245)		9,031		5,503		(31,711)
Balance, end of period	$	(125,788)	$	29,806	$	(178,005)	$	(273,987)

(a)    Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.

	Nine months ended September 30, 2023
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(80,271)	$	(10,440)	$	(251,218)	$	(341,929)
Other comprehensive loss, before reclassifications	(24,675)		(5,054)		—		(29,729)
Income tax benefit	3,607		1,272		—		4,879
	(21,068)		(3,782)		—		(24,850)
Reclassifications:
Net loss on derivative financial instruments	—		16,891		—		16,891
Prior service credits(a)	—		—		66		66
Actuarial gains(a)	—		—		(3,834)		(3,834)
Reclassifications before tax	—		16,891		(3,768)		13,123
Income tax (expense) benefit	—		(3,967)		884		(3,083)
	—		12,924		(2,884)		10,040
Other comprehensive (loss) income	(21,068)		9,142		(2,884)		(14,810)
Balance, end of period	$	(101,339)	$	(1,298)	$	(254,102)	$	(356,739)

	Nine months ended September 25, 2022
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(44,401)	$	(2,005)	$	(194,513)	$	(240,919)
Other comprehensive loss, before reclassifications	(82,737)		(129,306)		—		(212,043)
Income tax benefit	1,350		28,025		—		29,375
	(81,387)		(101,281)		—		(182,668)
Reclassifications:
Net loss on derivative financial instruments	—		170,601		—		170,601
Prior service credits(a)	—		—		(2,727)		(2,727)
Actuarial losses(a)	—		—		24,300		24,300
Reclassifications before tax	—		170,601		21,573		192,174
Income tax expense	—		(37,509)		(5,065)		(42,574)
	—		133,092		16,508		149,600
Other comprehensive (loss) income	(81,387)		31,811		16,508		(33,068)
Balance, end of period	$	(125,788)	$	29,806	$	(178,005)	$	(273,987)

(a)Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15