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Accumulated Other Comprehensive Earnings (Loss)
6 Months Ended
Jun. 30, 2024
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, 2024

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$

(20,730)

    

$

(2,240)

    

$

(23)

    

$

(425)

    

$

1,762

    

$

(21,656)

Other comprehensive earnings (loss) before reclassifications

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​

(2,009)

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627

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​

(86)

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​

(1,214)

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—

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(2,682)

Reclassifications from accumulated other comprehensive loss

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—

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(2)

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75

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512

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(121)

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464

Other comprehensive earnings (loss) net of tax

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(2,009)

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625

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(11)

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(702)

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(121)

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​

(2,218)

Balance at June 30, 2024

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$

(22,739)

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$

(1,615)

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$

(34)

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$

(1,127)

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$

1,641

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$

(23,874)

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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

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(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 December 31, 2023

    

$

(21,050)

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$

(2,359)

​

$

228

​

$

(1,915)

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$

1,883

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$

(23,213)

Other comprehensive earnings (loss) before reclassifications

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​

(1,689)

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​

746

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(357)

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(35)

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—

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(1,335)

Reclassifications from accumulated other comprehensive loss

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—

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(2)

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95

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823

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(242)

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674

Other comprehensive earnings (loss) net of tax

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​

(1,689)

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​

744

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(262)

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788

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(242)

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​

(661)

Balance at June 30, 2024

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$

(22,739)

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$

(1,615)

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$

(34)

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$

(1,127)

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$

1,641

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$

(23,874)

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Balance at December 31, 2022

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$

(23,795)

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$

(8,809)

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$

(215)

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$

8

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$

2,642

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$

(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

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(617)

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​

(287)

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​

3,471

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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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

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Year to Date Ended

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Location of (Gain) Loss

Comprehensive Income Components

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June 30, 2024

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June 30, 2023

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June 30, 2024

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June 30, 2023

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Recognized in Earnings

Investments

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$

(2)

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$

—

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$

(2)

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$

(1)

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Other income, net

Foreign currency derivatives

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​

100

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48

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126

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136

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Other income, net

Commodity derivatives

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678

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—

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1,087

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(93)

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Product cost of goods sold

Postretirement and pension benefits

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​

(159)

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​

(189)

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​

(319)

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(379)

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Other income, net

Total before tax

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617

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(141)

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892

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(337)

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Tax (expense) benefit

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(153)

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34

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(218)

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82

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Net of tax

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$

464

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$

(107)

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$

674

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$

(255)

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