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ACCUMULATED OTHER COMPREHENSIVE LOSS | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE LOSS | ACCUMULATED O THER C OMPREHENSIVE L OSS Accumulated other comprehensive loss is reported in our Consolidated Statements of Stockholders’ Equity. Amounts included in accumulated other comprehensive loss, net of tax, were as follows:
| Unrecognized Net Defined Benefit Plan Costs |  | Change in Fair Value of Derivatives |  | Foreign Currency Translation |  | Total
| (Dollars in thousands)
Balance at January 1, 2022 | $ | (119,474) |  |  | $ | (2,327) |  |  | $ | (138,027) |  |  | $ | (259,828) |
Other comprehensive loss before reclassifications | (39,174) |  |  | 2,195 |  |  | (49,778) |  |  | (86,757) |
Amounts reclassified from accumulated other comprehensive loss | 1,915 |  |  | (640) |  |  | — |  |  | 1,275 |
Other comprehensive loss | (37,259) |  |  | 1,555 |  |  | (49,778) |  |  | (85,482) |
Balance at December 31, 2022 | (156,733) |  |  | (772) |  |  | (187,805) |  |  | (345,310) |
Other comprehensive income before reclassifications | 15,556 |  |  | 852 |  |  | 46,149 |  |  | 62,557 |
Amounts reclassified from accumulated other comprehensive loss | 7,654 |  |  | (296) |  |  | 24,034 |  |  | 31,392 |
Other comprehensive income | 23,210 |  |  | 556 |  |  | 70,183 |  |  | 93,949 |
Balance at December 31, 2023 | (133,523) |  |  | (216) |  |  | (117,622) |  |  | (251,361) |
Other comprehensive loss before reclassifications | (2,279) |  |  | (1,684) |  |  | (100,708) |  |  | (104,671) |
Amounts reclassified from accumulated other comprehensive loss | 5,814 |  |  | (3,139) |  |  | — |  |  | 2,675 |
Other comprehensive loss | 3,535 |  |  | (4,823) |  |  | (100,708) |  |  | (101,996) |
Balance at December 31, 2024 | $ | (129,988) |  |  | $ | (5,039) |  |  | $ | (218,330) |  |  | $ | (353,357) |
The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the years ended December 31, 2024, 2023 and 2022 were net (losses) of $(7.6) million, $(10.2) million and $(2.9) million, respectively, excluding income tax benefits of $1.8 million, $2.5 million and $1.0 million, respectively. These net losses included amortization of net actuarial (losses) of $(7.5) million, $(11.0) million and $(4.3) million for the years ended December 31, 2024, 2023 and 2022, respectively, and amortization of net prior service (cost) credit of $(0.1) million, $0.8 million and $1.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization of net actuarial (losses) and net prior service (cost) credit is a component of net periodic benefit (cost) credit. See Note 13 for further discussion. The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the years ended December 31, 2024, 2023 and 2022 were not significant. See Note 10 which includes a discussion of derivative instruments and hedging activities. The foreign currency translation component of accumulated other comprehensive loss includes: (i) foreign currency (losses) gains related to translation of year-end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. Dollar; (ii) foreign currency gains related to intra-entity foreign currency transactions that are of a long-term investment nature; and (iii) foreign currency gains (losses) related to our net investment hedges, net of tax. Foreign currency (losses) gains related to translation of year-end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. Dollar for the years ended December 31, 2024, 2023 and 2022 were $(147.6) million, $57.7 million and $(76.3) million, respectively. Foreign currency gains related to intra-entity foreign currency transactions that are of a long-term investment nature for the years ended December 31, 2024, 2023 and 2022 were $0.1 million, $2.0 million and $2.0 million, respectively. Foreign currency gains (losses) related to our net investment hedges for the years ended December 31, 2024, 2023 and 2022 were $61.3 million, $(17.3) million and $32.1 million, respectively, excluding an income tax (provision) benefit of $(14.5) million, $3.8 million and $(7.6) million, respectively. See Note 10 for further discussion. Foreign currency translation losses reclassified from accumulated other comprehensive loss in 2023 were due to the shutdown of the two metal container manufacturing facilities in Russia.

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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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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