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Accumulated Other Comprehensive Earnings (Loss)
6 Months Ended
Jun. 30, 2023
Accumulated Other Comprehensive Earnings (Loss)  
Accumulated Other Comprehensive Earnings (Loss)

Note 8 — Accumulated Other Comprehensive Earnings (Loss)

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Accumulated Other Comprehensive Earnings (Loss) consists of the following components:

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Accumulated

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Foreign

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Foreign

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Postretirement

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Other

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Currency

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Currency

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Commodity

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and Pension

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Comprehensive

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Translation

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Investments

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Derivatives

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Derivatives

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Benefits

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Earnings (Loss)

Balance at March 31, 2023

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$

(22,499)

    

$

(6,919)

    

$

(178)

    

$

39

    

$

2,498

    

$

(27,059)

Other comprehensive earnings (loss) before reclassifications

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1,142

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​

(247)

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221

​

​

(648)

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​

-

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468

Reclassifications from accumulated other comprehensive loss

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-

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-

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36

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-

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(143)

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​

(107)

Other comprehensive earnings (loss) net of tax

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1,142

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​

(247)

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257

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​

(648)

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​

(143)

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​

361

Balance at June 30, 2023

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$

(21,357)

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$

(7,166)

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$

79

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$

(609)

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$

2,355

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$

(26,698)

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Balance at March 31, 2022

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$

(24,313)

    

$

(5,722)

    

$

302

    

$

184

    

$

582

    

$

(28,967)

Other comprehensive earnings (loss) before reclassifications

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​

(106)

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​

(1,849)

​

​

(113)

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​

(61)

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​

-

​

​

(2,129)

Reclassifications from accumulated other comprehensive loss

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-

​

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(4)

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​

(65)

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​

(47)

​

​

(156)

​

​

(272)

Other comprehensive earnings (loss) net of tax

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​

(106)

​

​

(1,853)

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​

(178)

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​

(108)

​

​

(156)

​

​

(2,401)

Balance at June 30, 2022

​

$

(24,419)

​

$

(7,575)

​

$

124

​

$

76

​

$

426

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$

(31,368)

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Balance at December 31, 2022

    

$

(23,795)

​

$

(8,809)

​

$

(215)

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$

8

​

$

2,642

​

$

(30,169)

Other comprehensive earnings (loss) before reclassifications

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​

2,438

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​

1,643

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​

192

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​

(547)

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​

-

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​

3,726

Reclassifications from accumulated other comprehensive loss

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-

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-

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​

102

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​

(70)

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​

(287)

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​

(255)

Other comprehensive earnings (loss) net of tax

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​

2,438

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​

1,643

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​

294

​

​

(617)

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​

(287)

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​

3,471

Balance at June 30, 2023

​

$

(21,357)

​

$

(7,166)

​

$

79

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$

(609)

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$

2,355

​

$

(26,698)

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​

​

​

​

​

​

​

​

​

​

​

​

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Balance at December 31, 2021

​

$

(24,882)

​

$

(1,286)

​

$

322

​

$

94

​

$

739

​

$

(25,013)

Other comprehensive earnings (loss) before reclassifications

​

​

463

​

​

(6,281)

​

​

(56)

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50

​

​

-

​

​

(5,824)

Reclassifications from accumulated other comprehensive loss

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​

-

​

​

(8)

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​

(142)

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​

(68)

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​

(313)

​

​

(531)

Other comprehensive earnings (loss) net of tax

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​

463

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​

(6,289)

​

​

(198)

​

​

(18)

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​

(313)

​

​

(6,355)

Balance at June 30, 2022

​

$

(24,419)

​

$

(7,575)

​

$

124

​

$

76

​

$

426

​

$

(31,368)

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The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:

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Details about Accumulated Other

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Quarter Ended

​

Year to Date Ended

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Location of (Gain) Loss

Comprehensive Income Components

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June 30, 2023

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June 30, 2022

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June 30, 2023

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June 30, 2022

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Recognized in Earnings

Investments

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$

-

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$

(5)

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$

(1)

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$

(10)

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Other income, net

Foreign currency derivatives

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​

48

​

​

(86)

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136

​

​

(188)

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Other income, net

Commodity derivatives

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​

-

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​

(62)

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​

(93)

​

​

(89)

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Product cost of goods sold

Postretirement and pension benefits

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​

(189)

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​

(206)

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​

(379)

​

​

(413)

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Other income, net

Total before tax

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​

(141)

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​

(359)

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​

(337)

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​

(700)

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Tax (expense) benefit

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34

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​

87

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​

82

​

​

169

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Net of tax

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$

(107)

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$

(272)

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$

(255)

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$

(531)

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