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v3.23.3

Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2023
Disclosure Other Comprehensive Income Additional Information [Abstract] |
Other Comprehensive Income | Other Comprehensive Income Changes in accumulated other comprehensive income(1) were as follows (in thousands):
| Currency Translation Adjustment |  | Pension Benefit Costs |  | Unrealized Gain/(Loss) Interest Rate Swap |  | Unrealized Loss Certain Investments |  | Total
Balance as of December 31, 2022 | $ | (205,345) |  |  | $ | (121,701) |  |  | $ | 48,574 |  |  | $ | — |  |  | $ | (278,472) |
Other comprehensive income before reclassification | (4,751) |  |  | (2,131) |  |  | 21,872 |  |  | — |  |  | 14,990 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | 1,587 |  |  | (23,963) |  |  | — |  |  | (22,376) |
Net current-period other comprehensive income | $ | (4,751) |  |  | $ | (544) |  |  | $ | (2,091) |  |  | — |  |  | $ | (7,386) |
Balance as of September 30, 2023 | $ | (210,096) |  |  | $ | (122,245) |  |  | $ | 46,483 |  |  | — |  |  | $ | (285,858) |
Balance as of January 1, 2022 | $ | (97,654) |  |  | $ | (249,696) |  |  | $ | (13,064) |  |  | $ | 1,330 |  |  | $ | (359,084) |
Other comprehensive income before reclassification | (201,176) |  |  | 44,127 |  |  | 55,958 |  |  | (1,330) |  |  | (102,421) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 7,646 |  |  | — |  |  | 7,646 |
Net current-period other comprehensive income | $ | (201,176) |  |  | $ | 44,127 |  |  | $ | 63,604 |  |  | $ | (1,330) |  |  | $ | (94,775) |
Balance as of October 1, 2022 | $ | (298,830) |  |  | $ | (205,569) |  |  | $ | 50,540 |  |  | $ | — |  |  | $ | (453,859) |
(1) As of September 30, 2023, pension and interest rate swap are net of tax of $(1.5) million and $16.1 million, respectively. During the nine months ended September 30, 2023, the adjustments to pension and interest rate swap were net of tax of $0.5 million and $(0.7) million, respectively. As of October 1, 2022, pension, interest rate swap, and gain on investment amounts are net of tax of $(32.6) million and $17.9 million, respectively. During the nine months ended October 1, 2022, the adjustments to pension, unrealized gain/(loss) interest rate swap, and loss on investments were net of tax of $6.9 million, $22.4 million, and $(0.4) million, respectively. Components of other comprehensive income were as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| Sep 30, 2023 |  | Oct 1, 2022 |  | Sep 30, 2023 |  | Oct 1, 2022
Net earnings | $ | 108,650 |  |  | $ | 104,369 |  |  | $ | 324,589 |  |  | $ | 303,372 |
Currency translation adjustment | (36,602) |  |  | (81,774) |  |  | (4,751) |  |  | (201,176) |
Pension liability adjustment, net of tax | 4,436 |  |  | 17,928 |  |  | (544) |  |  | 44,127 |
Unrealized gain (loss) on interest rate swaps, net of tax | 20 |  |  | 24,360 |  |  | (2,091) |  |  | 63,604 |
Unrealized loss on certain investments, net of tax | — |  |  | — |  |  | — |  |  | (1,330) |
Comprehensive income | $ | 76,504 |  |  | $ | 64,883 |  |  | $ | 317,203 |  |  | $ | 208,597 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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