Changes in Accumulated Other Comprehensive Income (Loss) by Component

9 Months Ended

Sep. 30, 2024

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

Changes in Accumulated Other Comprehensive Income (Loss) by Component

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, 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	(25)		2,459		5,464		7,898
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of (Loss) Income	(6,398)		3,225		—		(3,173)
Net current-period other comprehensive income (loss)	(6,423)		5,684		5,464		4,725
September 30, 2024	$	(20,927)	$	(95,092)	$	(74,385)	$	(190,404)

	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)

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the three month periods ended September 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 Income (Loss)
	Three Months Ended September 30, 2024		Three Months Ended September 30, 2023
Cash flow hedges
Interest rate contracts	$	2,709	$	1,146	Interest expense
Foreign exchange contracts	(59)		(278)		Net sales
	2,650		868		Total before tax
	(598)		(213)		Tax expense
	2,052		655		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	(14)	$	(91)	(A)
Amortization of actuarial losses	(448)		(365)		(A)
	(462)		(456)		Total before tax
	32		116		Tax benefit
	(430)		(340)		Net of tax
Total reclassifications in the period	$	1,622	$	315

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 13.

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the nine month periods ended September 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 Income (Loss)
	Nine Months Ended September 30, 2024		Nine Months Ended September 30, 2023
Cash flow hedges
Interest rate contracts	$	8,453	2,999		Interest expense
Foreign exchange contracts	(233)		(627)		Net sales
	8,220		2,372		Total before tax
	(1,822)		(579)		Tax expense
	6,398		1,793		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	(41)	$	(266)	(A)
Amortization of actuarial losses	(1,571)		(1,130)		(A)
Curtailment (loss) gain	(68)		241		(A)
Settlement (loss) gain	(2,730)		731		(A)
	(4,410)		(424)		Total before tax
	1,185		331		Tax benefit
	(3,225)		(93)		Net of tax
Total reclassifications in the period	$	3,173	$	1,700

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 13.