Changes in Accumulated Other Comprehensive Income (Loss) by Component

9 Months Ended

Sep. 30, 2023

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

Changes in Accumulated Other Comprehensive Income (Loss) by Component

The following tables set forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the nine month periods ended September 30, 2023 and 2022:


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2022	$	5,941	$	(108,640)	$	(117,801)	$	(220,500)
Other comprehensive income (loss) before reclassifications	2,456		10,717		(10,146)		3,027
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of (Loss) Income	(1,793)		93		—		(1,700)
Net current-period other comprehensive income (loss)	663		10,810		(10,146)		1,327
September 30, 2023	$	6,604	$	(97,830)	$	(127,947)	$	(219,173)


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2021	$	160	$	(112,307)	$	(39,691)	$	(151,838)
Other comprehensive income (loss) before reclassifications	5,765		(5,945)		(145,238)		(145,418)
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of (Loss) Income	28		8,059		—		8,087
Net current-period other comprehensive income (loss)	5,793		2,114		(145,238)		(137,331)

September 30, 2022	$	5,953	$	(110,193)	$	(184,929)	$	(289,169)

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the three month periods ended September 30, 2023 and 2022:


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Condensed Consolidated Statements of (Loss) Income
	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022
Cash flow hedges
Interest rate contracts	$	1,146	$	266	Interest expense
Foreign exchange contracts	(278)		(45)		Net sales
	868		221		Total before tax
	(213)		(53)		Tax expense
	655		168		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(91)	$	(106)	(A)
Amortization of actuarial losses	(365)		(3,097)		(A)
Curtailment gain	—		(450)		(A)
Settlement gain	—		—		(A)
	(456)		(3,653)		Total before tax
	116		859		Tax benefit
	(340)		(2,794)		Net of tax

Total reclassifications in the period	$	315	$	(2,626)

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

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the nine month periods ended September 30, 2023 and 2022:


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Consolidated Statements of (Loss) Income
	Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Cash flow hedges
Interest rate contracts	$	2,999	6		Interest expense
Foreign exchange contracts	(627)		(42)		Net sales
	2,372		(36)		Total before tax
	(579)		8		Tax benefit
	1,793		(28)		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(266)	$	(331)	(A)
Amortization of actuarial losses	(1,130)		(9,753)		(A)
Curtailment gain (loss)	241		(450)		(A)
Settlement gain	731		—		(A)
	(424)		(10,534)		Total before tax
	331		2,475		Tax benefit
	(93)		(8,059)		Net of tax

Total reclassifications in the period	$	1,700	$	(8,087)

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