Accumulated Other Comprehensive Income ("AOCI")

3 Months Ended

Mar. 31, 2026

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

Accumulated Other Comprehensive Income ("AOCI")

The table below presents changes in the components of AOCI for the period from December 31, 2025 to March 31, 2026:


(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Accumulated Other Comprehensive Income/(Loss)
December 31, 2025	$	(119,008)	$	(23,911)	$	(619)	$	(143,538)
Foreign currency translation and other adjustments	(5,206)		359		409		(4,438)
Pension settlement/curtailment, net of tax	—		—		—		—
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income/(Loss), net of tax	—		—		(83)		(83)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income/(Loss), net of tax	—		225		—		225
Net current period other comprehensive income/(loss)	(5,206)		584		326		(4,296)
March 31, 2026	$	(124,214)	$	(23,327)	$	(293)	$	(147,834)

The table below presents changes in the components of AOCI for the period from December 31, 2024 to March 31, 2025:


(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Accumulated Other Comprehensive Income/(Loss)
December 31, 2024	$	(181,555)	$	(14,328)	$	(106)	$	(195,989)
Foreign currency translation and other adjustments	17,136		(4,013)		(457)		12,666
Pension settlement expense, net of tax	—		1,178		—		1,178
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income/(Loss), net of tax	—		—		(178)		(178)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income/(Loss), net of tax	—		173		—		173
Net current period other comprehensive income/(loss)	17,136		(2,662)		(635)		13,839
March 31, 2025	$	(164,419)	$	(16,990)	$	(741)	$	(182,150)

The components of AOCI that are reclassified to the Consolidated Statements of Income/(Loss) relate to our pension and postretirement plans and interest rate swaps.

The table below presents the expense/(income) amounts reclassified from AOCI, and the line items of the Consolidated Statements of Income/(Loss) that were affected for the three months ended March 31, 2026, and the Consolidated Statements of Income/(Loss) for the three months ended March 31, 2025:


	Three months ended March 31,
(in thousands)		2026		2025
Pre-tax Derivative valuation reclassified from Accumulated Other Comprehensive Income/(Loss):
Interest (income)/expense, net related to interest rate swaps included in Income/(loss) before taxes(a)		$	(133)	$	(192)
Income tax effect		50		14
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income/(Loss)		$	(83)	$	(178)

Pre-tax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Pension settlement/curtailment		$	0	$	1,600
Amortization of prior service credit		$	(39)	$	(37)
Amortization of net actuarial loss		368		287
Total pre-tax amount reclassified(b)		329		1,850
Income tax effect		(104)		(499)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income		$	225	$	1,351

(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 15, Financial Instruments, and Note 16, 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).