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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Reclassifications out of AOCL were as follows:
| Gain (Loss) Reclassified from AOCL
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Cash flow hedges |  |  |  |  |  |  |
Cost of sales | $ | — |  |  | $ | (34) |  |  | $ | — |  |  | $ | (33) |
Interest expense, net | 2,584 |  |  | 138 |  |  | 5,175 |  |  | 275 |
Total before tax | 2,584 |  |  | 104 |  |  | 5,175 |  |  | 242 |
Income tax provision | 646 |  |  | 26 |  |  | 1,294 |  |  | 61 |
Net of tax | $ | 1,938 |  |  | $ | 78 |  |  | $ | 3,881 |  |  | $ | 181 |
Available-for-sale securities |  |  |  |  |  |  |
Financing revenue | $ | (487) |  |  | $ | (1) |  |  | $ | (1,135) |  |  | $ | 9 |
Income tax (benefit) provision | (122) |  |  | — |  |  | (284) |  |  | 2 |
Net of tax | $ | (365) |  |  | $ | (1) |  |  | $ | (851) |  |  | $ | 7 |
Pension and postretirement benefit plans |  |  |  |  |  |  |
Prior service costs | $ | (68) |  |  | $ | (67) |  |  | $ | (137) |  |  | $ | (132) |
Actuarial losses | (6,593) |  |  | (4,581) |  |  | (13,193) |  |  | (9,147) |
Settlement | — |  |  | (314) |  |  | — |  |  | (314) |
Total before tax | (6,661) |  |  | (4,962) |  |  | (13,330) |  |  | (9,593) |
Income tax benefit | (1,654) |  |  | (1,223) |  |  | (3,282) |  |  | (2,365) |
Net of tax | $ | (5,007) |  |  | $ | (3,739) |  |  | $ | (10,048) |  |  | $ | (7,228) |
Changes in AOCL, net of tax were as follows:
| Cash flow hedges |  | Available for sale securities |  | Pension and postretirement benefit plans |  | Foreign currency adjustments |  | Total
Balance at January 1, 2024 | $ | 6,962 |  |  | $ | (33,463) |  |  | $ | (757,452) |  |  | $ | (67,292) |  |  | $ | (851,245) |
Other comprehensive income (loss) before reclassifications | 964 |  |  | (1,843) |  |  | — |  |  | (20,417) |  |  | (21,296) |
Reclassifications into earnings | (3,881) |  |  | 851 |  |  | 10,048 |  |  | — |  |  | 7,018 |
Net other comprehensive (loss) income | (2,917) |  |  | (992) |  |  | 10,048 |  |  | (20,417) |  |  | (14,278) |
Balance at June 30, 2024 | $ | 4,045 |  |  | $ | (34,455) |  |  | $ | (747,404) |  |  | $ | (87,709) |  |  | $ | (865,523) |
| Cash flow hedges |  | Available for sale securities |  | Pension and postretirement benefit plans |  | Foreign currency adjustments |  | Total
Balance at January 1, 2023 | $ | 12,503 |  |  | $ | (39,440) |  |  | $ | (716,056) |  |  | $ | (92,571) |  |  | $ | (835,564) |
Other comprehensive (loss) income before reclassifications | (1,506) |  |  | 1,957 |  |  | — |  |  | 20,080 |  |  | 20,531 |
Reclassifications into earnings | (181) |  |  | (7) |  |  | 7,228 |  |  | — |  |  | 7,040 |
Net other comprehensive (loss) income | (1,687) |  |  | 1,950 |  |  | 7,228 |  |  | 20,080 |  |  | 27,571 |
Balance at June 30, 2023 | $ | 10,816 |  |  | $ | (37,490) |  |  | $ | (708,828) |  |  | $ | (72,491) |  |  | $ | (807,993) |

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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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