Changes in Accumulated Other Comprehensive Income by Component

12 Months Ended

Dec. 31, 2022

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

Changes in Accumulated Other Comprehensive Income by Component

The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021:


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
January 1, 2022	$	160	$	(112,307)	$	(39,691)	$	(151,838)
Other comprehensive income (loss) before reclassifications to consolidated statements of income	6,155		(6,212)		(78,110)		(78,167)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	(374)		9,879		—		9,505
Net current-period other comprehensive income (loss)	5,781		3,667		(78,110)		(68,662)
December 31, 2022	$	5,941	$	(108,640)	$	(117,801)	$	(220,500)


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total

January 1, 2021	$	(757)	$	(142,119)	$	20,561	$	(122,315)
Other comprehensive income (loss) before reclassifications to consolidated statements of income	73		17,025		(60,252)		(43,154)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	844		12,787		—		13,631
Net current-period other comprehensive income (loss)	917		29,812		(60,252)		(29,523)

December 31, 2021	$	160	$	(112,307)	$	(39,691)	$	(151,838)

The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021:


Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Consolidated Statements of Income
	2022		2021
Gains and losses on cash flow hedges
Interest rate contracts	$	647	$	(1,846)	Interest expense
Foreign exchange contracts	(152)		716		Net sales
	495		(1,130)		Total before tax
	(121)		286		Tax (expense) benefit
	374		(844)		Net of tax

Pension and other postretirement benefit items
Amortization of prior-service costs	$	(423)	$	(361)	(A)
Amortization of actuarial losses	(12,708)		(16,264)		(A)
Curtailment (loss)/gain	(450)		133		(A)
Settlement gain/(loss)	605		(205)		(A)
	(12,976)		(16,697)		Total before tax
	3,097		3,910		Tax benefit
	(9,879)		(12,787)		Net of tax






Total reclassifications in the period	$	(9,505)	$	(13,631)

(A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.