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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents the changes in Accumulated Other Comprehensive Loss ("AOCL"), net of tax for the three months ended September 30, 2024 and 2023:
| 2024 |  | 2023
(Amounts in thousands) | Foreign currency translation items(1) |  | Pension and other post-retirement effects |  | Cash flow hedging activity (2) |  | Total |  | Foreign currency translation items(1) |  | Pension and other post-retirement effects |  | Cash flow hedging activity (2) |  | Total
Balance - July 1 | $ | (576,548) |  |  | $ | (119,687) |  |  | $ | (794) |  |  | $ | (697,029) |  |  | $ | (532,276) |  |  | $ | (87,638) |  |  | $ | (873) |  |  | $ | (620,787) |
Other comprehensive income (loss) before reclassifications (3) | 52,872 |  |  | (3,080) |  |  | — |  |  | 49,792 |  |  | (43,012) |  |  | 2,697 |  |  | — |  |  | (40,315) |
Amounts reclassified from AOCL | — |  |  | 859 |  |  | 23 |  |  | 882 |  |  | — |  |  | (492) |  |  | 30 |  |  | (462) |
Net current-period other comprehensive income (loss) (3) | 52,872 |  |  | (2,221) |  |  | 23 |  |  | 50,674 |  |  | (43,012) |  |  | 2,205 |  |  | 30 |  |  | (40,777) |
Balance - September 30 | $ | (523,676) |  |  | $ | (121,908) |  |  | $ | (771) |  |  | $ | (646,355) |  |  | $ | (575,288) |  |  | $ | (85,433) |  |  | $ | (843) |  |  | $ | (661,564) |
________________________________ (1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $(7.3) million and $2.9 million at July 1, 2024 and 2023, respectively, and $(7.3) million and $(1.9) million at September 30, 2024 and 2023, respectively. (2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges. (3) Amounts in parentheses indicate an increase to AOCL. The following table presents the changes in AOCL, net of tax for the nine months ended September 30, 2024 and 2023:
| 2024 |  | 2023
(Amounts in thousands) | Foreign currency translation items(1)(4) |  | Pension and other post-retirement effects |  | Cash flow hedging activity (2) |  | Total |  | Foreign currency translation items(1) |  | Pension and other post-retirement effects |  | Cash flow hedging activity (2) |  | Total
Balance - January 1 | $ | (523,873) |  |  | $ | (121,882) |  |  | $ | (813) |  |  | $ | (646,568) |  |  | $ | (554,683) |  |  | $ | (86,356) |  |  | $ | (933) |  |  | $ | (641,972) |
Other comprehensive income (loss) before reclassifications (3) | (3,369) |  |  | (2,549) |  |  | — |  |  | (5,918) |  |  | (20,605) |  |  | 2,425 |  |  | — |  |  | (18,180) |
Amounts reclassified from AOCL | 3,566 |  |  | 2,523 |  |  | 42 |  |  | 6,131 |  |  | — |  |  | (1,502) |  |  | 90 |  |  | (1,412) |
Net current-period other comprehensive income (loss) (3) | 197 |  |  | (26) |  |  | 42 |  |  | 213 |  |  | (20,605) |  |  | 923 |  |  | 90 |  |  | (19,592) |
Balance - September 30 | $ | (523,676) |  |  | $ | (121,908) |  |  | $ | (771) |  |  | $ | (646,355) |  |  | $ | (575,288) |  |  | $ | (85,433) |  |  | $ | (843) |  |  | $ | (661,564) |
________________________________ (1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $(7.0) million and $5.8 million at January 1, 2024 and 2023, respectively, and $(7.3) million and $(1.9) million at September 30, 2024 and 2023, respectively. (2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges. (3) Amounts in parentheses indicate an increase to AOCL. (4) Amounts reclassified from AOCL within foreign currency translation items had no associated tax benefit (expense) and are included within loss on sale of business in our condensed consolidated statements of income.
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table presents the reclassifications out of AOCL:
|  |  |  | Three Months Ended September 30,
(Amounts in thousands) |  | Affected line item in the statement of income |  | 2024(1) |  | 2023(1)
Pension and other postretirement effects |  |  |  |  |  |
Amortization of actuarial losses(2) |  | Other income (expense), net |  | $ | (724) |  |  | $ | 321 |
Prior service costs(2) |  | Other income (expense), net |  | (158) |  |  | 151 |
|  | Tax benefit (expense) |  | 23 |  |  | 20 |
|  | Net of tax |  | $ | (859) |  |  | $ | 492 |
Cash flow hedging activity |  |  |  |  |  |
Amortization of Treasury rate lock |  | Interest income (expense) |  | $ | (30) |  |  | $ | (37) |
|  | Tax benefit (expense) |  | 7 |  |  | 7 |
|  | Net of tax |  | $ | (23) |  |  | $ | (30) |
__________________________________ (1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component. (2) These AOCL components are included in the computation of net periodic pension cost. See Note 11, "Pension and Postretirement Benefits," for additional details. The following table presents the reclassifications out of AOCL:
|  |  |  | Nine Months Ended September 30,
(Amounts in thousands) |  | Affected line item in the statement of income |  | 2024(1) |  | 2023(1)
Pension and other postretirement effects |  |  |  |  |  |
Amortization of actuarial losses(2) |  | Other income (expense), net |  | $ | (2,033) |  |  | $ | 985 |
Prior service costs(2) |  | Other income (expense), net |  | (464) |  |  | 455 |
|  | Tax benefit (expense) |  | (26) |  |  | 62 |
|  | Net of tax |  | $ | (2,523) |  |  | $ | 1,502 |
Cash flow hedging activity |  |  |  |  |  |
Amortization of Treasury rate lock |  | Interest income (expense) |  | $ | (92) |  |  | $ | (111) |
|  | Tax benefit (expense) |  | 50 |  |  | 21 |
|  | Net of tax |  | $ | (42) |  |  | $ | (90) |
__________________________________ (1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component. (2) These AOCL components are included in the computation of net periodic pension cost. See Note 11, "Pension and Postretirement Benefits," for additional details.

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