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Accumulated Other Comprehensive Income ("AOCI")
 12 Months Ended
Dec. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income ("AOCI") Accumulated Other Comprehensive Income ("AOCI")
The table below presents changes in the components of AOCI from January 1, 2023 to December 31, 2025:
(in thousands)
Translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Total Other Comprehensive Income
January 1, 2023$(146,851)$(15,783)$17,707 $(144,927)
Other comprehensive income/(loss) before reclassifications21,950 (3,357)2,623 21,216 
Pension/postretirement plan remeasurement, net of tax— 3,629 — 3,629 
Interest expense related to swaps reclassified to the Statements of Income, net of tax— — (11,251)(11,251)
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax— (1,835)— (1,835)
Net current period other comprehensive income21,950 (1,563)(8,628)11,759 
December 31, 2023
$(124,901)$(17,346)$9,079 $(133,168)
Other comprehensive income/(loss) before reclassifications(56,654)103 943 (55,608)
Pension/postretirement plan remeasurement, net of tax— 2,605 — 2,605 
Interest expense related to swaps reclassified to the Statements of Income, net of tax— (10,128)(10,128)
Adjustment related to prior period change in opening valuation allowance— 310 — 310 
Net current period other comprehensive income(56,654)3,018 (9,185)(62,821)
December 31, 2024
$(181,555)$(14,328)$(106)$(195,989)
Other comprehensive income/(loss) before reclassifications62,547 (2,195)(307)60,045 
Pension/postretirement settlements and curtailments, net of tax— (1,580)— (1,580)
Pension/postretirement plan remeasurement, net of tax— (6,598)— (6,598)
Interest expense related to swaps reclassified to the Statements of Income, net of tax— — (207)(207)
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax— 791 — 791 
Net current period other comprehensive income/(loss)62,547 (9,582)(514)52,451 
December 31, 2025
$(119,008)$(23,910)$(620)$(143,538)
The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps.
The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the years ended December 31, 2025, 2024, and 2023.
(in thousands)
202520242023
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
(Income)/Expense related to interest rate swaps included in Income before taxes(a)
$(269)$(13,547)$(15,062)
Income tax effect
62 3,419 3,811 
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income$(207)$(10,128)$(11,251)
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service credit
$(150)$(150)$(4,122)
Amortization of net actuarial loss
1,151 613 1,383 
Total pretax amount reclassified(b)
1,001 463 (2,739)
Income tax effect
(210)(153)904 
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income$791 $310 $(1,835)
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(a)Reported as Interest expense, net in our Consolidated Statements of Income, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 17, Financial Instruments, and Note 18, Fair-Value Measurements, of the Notes to the Consolidated Financial Statements).
(b)Reported as Other (income)/expense, net in our Consolidated Statements of Income, the accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4, Pension, Postretirement, and Other Benefit Plans, of the Notes to the Consolidated Financial Statements).