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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The following tables show the reclassifications from and resulting balances of accumulated other comprehensive income (“AOCI”):
Currency
Translation
Adjustments (1)
Defined
Benefit
Pension
Plans
Unrealized Gain
(Loss) in
Available-for-
Sale Securities
Derivative
Instruments
Total
Balance as of March 31, 2025$(165,716)$(10,578)$(17)$656 $(175,655)
Other comprehensive income (loss) before Reclassifications62,129 (1,601)(267)(130)60,131 
Amounts reclassified from AOCI— 131 — 135 
Related tax amounts(244)366 56 30 208 
Balance as of June 30, 2025$(103,831)$(11,682)$(224)$556 $(115,181)
Balance as of March 31, 2024$(140,733)$(10,384)$378 $3,752 $(146,987)
Other comprehensive (loss) income before Reclassifications(18,841)113 (58)(19)(18,805)
Amounts reclassified from AOCI— 59 — 62 
Related tax amounts— (47)11 (32)
Balance as of June 30, 2024$(159,574)$(10,259)$334 $3,737 $(165,762)
(1) Includes mark-to-market impacts associated with net investment hedges. See Note 17, Hedging Activities, for more information.
Currency
Translation
Adjustments1
Defined
Benefit
Pension
Plans
Unrealized Gain
(Loss) in
Available-for-
Sale Securities
Derivative
Instruments
Total
Balance as of December 31, 2024$(192,841)$(10,313)$287 $1,248 $(201,619)
Other comprehensive income (loss) before reclassifications89,254 (2,073)(658)(899)85,624 
Amounts reclassified from AOCI— 252 11 — 263 
Related tax amounts(244)452 136 207 551 
Balance as of June 30, 2025$(103,831)$(11,682)$(224)$556 $(115,181)
Balance as of December 31, 2023$(115,417)$(10,738)$333 $1,407 $(124,415)
Other comprehensive (loss) income before reclassifications(44,157)433 3,026 (40,693)
Amounts reclassified from AOCI— 209 (4)— 205 
Related tax amounts— (163)— (696)(859)
Balance as of June 30, 2024$(159,574)$(10,259)$334 $3,737 $(165,762)
(1) Includes mark-to-market impacts associated with net investment hedges. See Note 17, Hedging Activities, for more information.
All reclassifications related to unrealized gain (loss) in available-for-sale securities relate to the Company’s equity interest in Primex, a captive insurance company, and are recorded in equity in net income of associated companies. The amounts reported in other comprehensive income for noncontrolling interest are related to currency translation adjustments.