Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)

6 Months Ended

Jun. 30, 2024

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

Schedule of 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 six month periods ended June 30, 2024 and 2023:

	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2023	$	(14,504)	$	(100,776)	$	(79,849)	$	(195,129)
Other comprehensive income (loss) before reclassifications	16,438		3,052		(48,742)		(29,252)
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of (Loss) Income	(4,346)		2,795		—		(1,551)
Net current-period other comprehensive income (loss)	12,092		5,847		(48,742)		(30,803)
June 30, 2024	$	(2,412)	$	(94,929)	$	(128,591)	$	(225,932)

	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	987		10,518		4,136		15,641
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of (Loss) Income	(1,138)		(247)		—		(1,385)
Net current-period other comprehensive income (loss)	(151)		10,271		4,136		14,256
June 30, 2023	$	5,790	$	(98,369)	$	(113,665)	$	(206,244)

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) to the Consolidated Statements of Income

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the three month periods ended June 30, 2024 and 2023:

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 June 30, 2024		Three Months Ended June 30, 2023
Cash flow hedges
Interest rate contracts	$	2,900	$	988	Interest expense
Foreign exchange contracts	(110)		(190)		Net sales
	2,790		798		Total before tax
	(615)		(194)		Tax expense
	2,175		604		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	—	$	(85)	(A)
Amortization of actuarial losses	(561)		(373)		(A)
Curtailment gain	1,302		241		(A)
Settlement (loss) gain	(2,730)		731		(A)
	(1,989)		514		Total before tax
	678		106		Tax benefit
	(1,311)		620		Net of tax
Total reclassifications in the period	$	864	$	1,224

(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 six month periods ended June 30, 2024 and 2023:

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
	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Cash flow hedges
Interest rate contracts	$	5,744	1,853		Interest expense
Foreign exchange contracts	(174)		(349)		Net sales
	5,570		1,504		Total before tax
	(1,224)		(366)		Tax benefit
	4,346		1,138		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	(27)	$	(175)	(A)
Amortization of actuarial losses	(1,123)		(765)		(A)
Curtailment (loss) gain	(68)		241		(A)
Settlement (loss) gain	(2,730)		731		(A)
	(3,948)		32		Total before tax
	1,153		215		Tax benefit
	(2,795)		247		Net of tax
Total reclassifications in the period	$	1,551	$	1,385

(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.