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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive loss were as follows (in thousands):
| Three months ended June 30, 2025
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (83,737) |  |  |  |  | $ | (4,523) |  |  | $ | (249,923) |  |  | $ | (338,183) |
Other comprehensive income, before reclassifications | 46,296 |  |  |  |  | 114,628 |  |  | — |  |  | 160,924 |
Income tax expense | — |  |  |  |  | (27,412) |  |  | — |  |  | (27,412) |
| 46,296 |  |  |  |  | 87,216 |  |  | — |  |  | 133,512 |
Reclassifications: |  |  |  |  |  |  |  |  |
Net gain on derivative financial instruments | — |  |  |  |  | (122,059) |  |  | — |  |  | (122,059) |
Prior service credits(a) | — |  |  |  |  | — |  |  | 529 |  |  | 529 |
Actuarial gains(a) | — |  |  |  |  | — |  |  | (1,543) |  |  | (1,543) |
Reclassifications before tax | — |  |  |  |  | (122,059) |  |  | (1,014) |  |  | (123,073) |
Income tax benefit | — |  |  |  |  | 29,084 |  |  | 238 |  |  | 29,322 |
| — |  |  |  |  | (92,975) |  |  | (776) |  |  | (93,751) |
Other comprehensive income (loss) | 46,296 |  |  |  |  | (5,759) |  |  | (776) |  |  | 39,761 |
Balance, end of period | $ | (37,441) |  |  |  |  | $ | (10,282) |  |  | $ | (250,699) |  |  | $ | (298,422) |
| Three months ended June 30, 2024
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (100,033) |  |  |  |  | $ | (2,080) |  |  | $ | (230,445) |  |  | $ | (332,558) |
Other comprehensive loss, before reclassifications | (6,895) |  |  |  |  | (4,110) |  |  | — |  |  | (11,005) |
Income tax benefit | — |  |  |  |  | 1,006 |  |  | — |  |  | 1,006 |
| (6,895) |  |  |  |  | (3,104) |  |  | — |  |  | (9,999) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 7,247 |  |  | — |  |  | 7,247 |
Prior service credits(a) | — |  |  |  |  | — |  |  | 337 |  |  | 337 |
Actuarial gains(a) | — |  |  |  |  | — |  |  | (1,413) |  |  | (1,413) |
Reclassifications before tax | — |  |  |  |  | 7,247 |  |  | (1,076) |  |  | 6,171 |
Income tax (expense) benefit | — |  |  |  |  | (1,740) |  |  | 252 |  |  | (1,488) |
| — |  |  |  |  | 5,507 |  |  | (824) |  |  | 4,683 |
Other comprehensive (loss) income | (6,895) |  |  |  |  | 2,403 |  |  | (824) |  |  | (5,316) |
Balance, end of period | $ | (106,928) |  |  |  |  | $ | 323 |  |  | $ | (231,269) |  |  | $ | (337,874) |
(a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.
| Six months ended June 30, 2025
| Foreign currency translation adjustments |  |  |  | Derivative financial instruments |  | Pension and postretirement benefit plans |  | Total
Balance, beginning of period | $ | (91,102) |  |  |  |  | $ | 7,542 |  |  | $ | (249,146) |  |  | $ | (332,706) |
Other comprehensive income, before reclassifications | 55,668 |  |  |  |  | 136,263 |  |  | — |  |  | 191,931 |
Income tax benefit (expense) | (2,007) |  |  |  |  | (32,602) |  |  | — |  |  | (34,609) |
| 53,661 |  |  |  |  | 103,661 |  |  | — |  |  | 157,322 |
Reclassifications: |  |  |  |  |  |  |  |  |
Net gain on derivative financial instruments | — |  |  |  |  | (159,479) |  |  | — |  |  | (159,479) |
Prior service credits(a) | — |  |  |  |  | — |  |  | 1,058 |  |  | 1,058 |
Actuarial gains(a) | — |  |  |  |  | — |  |  | (3,086) |  |  | (3,086) |
Reclassifications before tax | — |  |  |  |  | (159,479) |  |  | (2,028) |  |  | (161,507) |
Income tax benefit | — |  |  |  |  | 37,994 |  |  | 475 |  |  | 38,469 |
| — |  |  |  |  | (121,485) |  |  | (1,553) |  |  | (123,038) |
Other comprehensive income (loss) | 53,661 |  |  |  |  | (17,824) |  |  | (1,553) |  |  | 34,284 |
Balance, end of period | $ | (37,441) |  |  |  |  | $ | (10,282) |  |  | $ | (250,699) |  |  | $ | (298,422) |
| Six months ended June 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 loss, before reclassifications | (38,200) |  |  |  |  | (26,751) |  |  | — |  |  | (64,951) |
Income tax benefit | 11 |  |  |  |  | 6,419 |  |  | — |  |  | 6,430 |
| (38,189) |  |  |  |  | (20,332) |  |  | — |  |  | (58,521) |
Reclassifications: |  |  |  |  |  |  |  |  |
Net loss on derivative financial instruments | — |  |  |  |  | 35,753 |  |  | — |  |  | 35,753 |
Prior service credits(a) | — |  |  |  |  | — |  |  | 674 |  |  | 674 |
Actuarial gains(a) | — |  |  |  |  | — |  |  | (2,826) |  |  | (2,826) |
Reclassifications before tax | — |  |  |  |  | 35,753 |  |  | (2,152) |  |  | 33,601 |
Income tax (expense) benefit | — |  |  |  |  | (8,497) |  |  | 505 |  |  | (7,992) |
| — |  |  |  |  | 27,256 |  |  | (1,647) |  |  | 25,609 |
Other comprehensive (loss) income | (38,189) |  |  |  |  | 6,924 |  |  | (1,647) |  |  | (32,912) |
Balance, end of period | $ | (106,928) |  |  |  |  | $ | 323 |  |  | $ | (231,269) |  |  | $ | (337,874) |
(a)Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15

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