Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2024

Changes in Accumulated other comprehensive loss were as follows (in thousands):


	Three months ended September 30, 2024
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(106,928)	$	323	$	(231,269)	$	(337,874)
Other comprehensive income, before reclassifications	63,922		33,662		—		97,584
Income tax expense	—		(8,078)		—		(8,078)
	63,922		25,584		—		89,506
Reclassifications:

Net gain on derivative financial instruments	—		(64,997)		—		(64,997)
Prior service credits(a)	—		—		337		337
Actuarial gains(a)	—		—		(1,413)		(1,413)
Reclassifications before tax	—		(64,997)		(1,076)		(66,073)
Income tax benefit	—		15,473		255		15,728
	—		(49,524)		(821)		(50,345)
Other comprehensive income (loss)	63,922		(23,940)		(821)		39,161
Balance, end of period	$	(43,006)	$	(23,617)	$	(232,090)	$	(298,713)

	Three months ended September 30, 2023
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(89,787)	$	(13,196)	$	(253,141)	$	(356,124)
Other comprehensive loss, before reclassifications	(12,355)		(29,508)		—		(41,863)
Income tax benefit	803		6,927		—		7,730
	(11,552)		(22,581)		—		(34,133)
Reclassifications:

Net loss on derivative financial instruments	—		45,059		—		45,059
Prior service credits(a)	—		—		22		22
Actuarial gains(a)	—		—		(1,278)		(1,278)
Reclassifications before tax	—		45,059		(1,256)		43,803
Income tax (expense) benefit	—		(10,580)		295		(10,285)
	—		34,479		(961)		33,518
Other comprehensive (loss) income	(11,552)		11,898		(961)		(615)
Balance, end of period	$	(101,339)	$	(1,298)	$	(254,102)	$	(356,739)

(a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.


	Nine months ended September 30, 2024
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(68,739)	$	(6,601)	$	(229,622)	$	(304,962)
Other comprehensive income, before reclassifications	25,722		6,911		—		32,633
Income tax benefit (expense)	11		(1,659)		—		(1,648)
	25,733		5,252		—		30,985
Reclassifications:

Net gain on derivative financial instruments	—		(29,243)		—		(29,243)
Prior service credits(a)	—		—		1,011		1,011
Actuarial gains(a)	—		—		(4,239)		(4,239)
Reclassifications before tax	—		(29,243)		(3,228)		(32,471)
Income tax benefit	—		6,975		760		7,735
	—		(22,268)		(2,468)		(24,736)
Other comprehensive income (loss)	25,733		(17,016)		(2,468)		6,249
Balance, end of period	$	(43,006)	$	(23,617)	$	(232,090)	$	(298,713)


	Nine months ended September 30, 2023
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(80,271)	$	(10,440)	$	(251,218)	$	(341,929)
Other comprehensive loss, before reclassifications	(24,675)		(5,054)		—		(29,729)
Income tax benefit	3,607		1,272		—		4,879
	(21,068)		(3,782)		—		(24,850)
Reclassifications:

Net loss on derivative financial instruments	—		16,891		—		16,891
Prior service credits(a)	—		—		66		66
Actuarial gains(a)	—		—		(3,834)		(3,834)
Reclassifications before tax	—		16,891		(3,768)		13,123
Income tax (expense) benefit	—		(3,967)		884		(3,083)
	—		12,924		(2,884)		10,040
Other comprehensive (loss) income	(21,068)		9,142		(2,884)		(14,810)
Balance, end of period	$	(101,339)	$	(1,298)	$	(254,102)	$	(356,739)

(a)Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15