XML 32 R22.htm IDEA: XBRL DOCUMENT v3.23.2
Other Comprehensive Earnings
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Other Comprehensive Earnings
14. Other Comprehensive Earnings

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings during the three and six months ended June 30, 2023 and 2022 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings for the substantial liquidation of businesses$— $— $— $5,915 
Tax benefit— — — — 
Net of tax$— $— $— $5,915 
Pension plans:
Amortization of actuarial (gain) loss $(639)$499 $(1,280)$1,020 
Amortization of prior service costs283 274 572 542 
Total before tax(356)773 (708)1,562 
Tax provision (benefit)83 (202)165 (410)
Net of tax$(273)$571 $(543)$1,152 
Cash flow hedges:
Net loss (gain) reclassified into earnings$1,045 $(1,345)$2,118 $(3,374)
Tax (benefit) provision (193)300 (420)753 
Net of tax$852 $(1,045)$1,698 $(2,621)

Foreign currency translation losses were recognized in selling, general and administrative expenses within the condensed consolidated statement of earnings as a result of the substantial liquidation of certain businesses.

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within the condensed consolidated statements of earnings.
Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses.