Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2025

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


	Three months ended September 30, 2025
	Foreign currency translation adjustments		Derivative financial instruments		Available for sale securities		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(37,441)	$	(10,282)	$	—	$	(250,699)	$	(298,422)
Other comprehensive (loss) income, before reclassifications	(1,137)		(12,579)		718		—		(12,998)
Income tax (expense) benefit	(505)		3,016		—		—		2,511
	(1,642)		(9,563)		718		—		(10,487)
Reclassifications:

Net loss on derivative financial instruments	—		4,435		—		—		4,435
Prior service credits(a)	—		—		—		529		529
Actuarial gains(a)	—		—		—		(1,543)		(1,543)
Reclassifications before tax	—		4,435		—		(1,014)		3,421
Income tax (expense) benefit	—		(1,035)		—		238		(797)
	—		3,400		—		(776)		2,624
Other comprehensive (loss) income	(1,642)		(6,163)		718		(776)		(7,863)
Balance, end of period	$	(39,083)	$	(16,445)	$	718	$	(251,475)	$	(306,285)

	Three months ended September 30, 2024
	Foreign currency translation adjustments		Derivative financial instruments		Available for sale securities		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(106,928)	$	323	$	—	$	(231,269)	$	(337,874)
Other comprehensive income, before reclassifications	63,922		33,662		—		—		97,584
Income tax expense	—		(8,078)		—		—		(8,078)
	63,922		25,584		—		—		89,506
Reclassifications:

Net gain on derivative financial instruments	—		(64,997)		—		—		(64,997)
Prior service credits(a)	—		—		—		337		337
Actuarial gains(a)	—		—		—		(1,413)		(1,413)
Reclassifications before tax	—		(64,997)		—		(1,076)		(66,073)
Income tax benefit	—		15,473		—		255		15,728
	—		(49,524)		—		(821)		(50,345)
Other comprehensive income (loss)	63,922		(23,940)		—		(821)		39,161
Balance, end of period	$	(43,006)	$	(23,617)	$	—	$	(232,090)	$	(298,713)

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


	Nine months ended September 30, 2025
	Foreign currency translation adjustments		Derivative financial instruments		Available for sale securities		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(91,102)	$	7,542	$	—	$	(249,146)	$	(332,706)
Other comprehensive income, before reclassifications	54,531		123,684		718		—		178,933
Income tax expense	(2,512)		(29,587)		—		—		(32,099)
	52,019		94,097		718		—		146,834
Reclassifications:

Net gain on derivative financial instruments	—		(155,044)		—		—		(155,044)
Prior service credits(a)	—		—		—		1,587		1,587
Actuarial gains(a)	—		—		—		(4,629)		(4,629)
Reclassifications before tax	—		(155,044)		—		(3,042)		(158,086)
Income tax benefit	—		36,960		—		713		37,673
	—		(118,084)		—		(2,329)		(120,413)
Other comprehensive income (loss)	52,019		(23,987)		718		(2,329)		26,421
Balance, end of period	$	(39,083)	$	(16,445)	$	718	$	(251,475)	$	(306,285)


	Nine months ended September 30, 2024
	Foreign currency translation adjustments		Derivative financial instruments		Available for sale securities		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(68,739)	$	(6,601)	$	—	$	(229,622)	$	(304,962)
Other comprehensive income, before reclassifications	25,722		6,911		—		—		32,633
Income tax benefit (expense)	11		(1,659)		—		—		(1,648)
	25,733		5,252		—		—		30,985
Reclassifications:

Net gain on derivative financial instruments	—		(29,243)		—		—		(29,243)
Prior service credits(a)	—		—		—		1,011		1,011
Actuarial gains(a)	—		—		—		(4,239)		(4,239)
Reclassifications before tax	—		(29,243)		—		(3,228)		(32,471)
Income tax benefit	—		6,975		—		760		7,735
	—		(22,268)		—		(2,468)		(24,736)
Other comprehensive income (loss)	25,733		(17,016)		—		(2,468)		6,249
Balance, end of period	$	(43,006)	$	(23,617)	$	—	$	(232,090)	$	(298,713)

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