Accumulated Other Comprehensive Earnings (Loss)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Earnings (Loss)

Accumulated Other Comprehensive Earnings (Loss)

Note 8 — Accumulated Other Comprehensive Earnings (Loss)

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

											Accumulated
	Foreign				Foreign				Postretirement		Other
	Currency				Currency		Commodity		and Pension		Comprehensive
	Translation		Investments		Derivatives		Derivatives		Benefits		Earnings (Loss)
Balance at December 31, 2023	$	(21,050)	$	(2,359)	$	228	$	(1,915)	$	1,883	$	(23,213)
Other comprehensive earnings (loss) before reclassifications		320		119		(271)		1,179		—		1,347
Reclassifications from accumulated other comprehensive loss		—		—		20		311		(121)		210
Other comprehensive earnings (loss) net of tax		320		119		(251)		1,490		(121)		1,557
Balance at March 31, 2024	$	(20,730)	$	(2,240)	$	(23)	$	(425)	$	1,762	$	(21,656)
Balance at December 31, 2022	$	(23,795)	$	(8,809)	$	(215)	$	8	$	2,642	$	(30,169)
Other comprehensive earnings (loss) before reclassifications		1,296		1,890		(29)		101		—		3,258
Reclassifications from accumulated other comprehensive loss		—		—		66		(70)		(144)		(148)
Other comprehensive earnings (loss) net of tax		1,296		1,890		37		31		(144)		3,110
Balance at March 31, 2023	$	(22,499)	$	(6,919)	$	(178)	$	39	$	2,498	$	(27,059)

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

Details about Accumulated Other	Quarter Ended				Location of (Gain) Loss
Comprehensive Income Components	March 31, 2024		March 31, 2023		Recognized in Earnings
Investments	$	—	$	(1)	Other income, net
Foreign currency derivatives		26		88	Other income, net
Commodity derivatives		409		(93)	Product cost of goods sold
Postretirement and pension benefits		(160)		(190)	Other income, net
Total before tax		275		(196)
Tax (expense) benefit		(65)		48
Net of tax	$	210	$	(148)