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Accumulated Other Comprehensive Income ("AOCI") | 12 Months Ended
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Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income ("AOCI") | Accumulated Other Comprehensive Income ("AOCI") The table below presents changes in the components of AOCI from January 1, 2022 to December 31, 2024:
(in thousands) |  | Translation adjustments |  | Pension and postretirement liability adjustments |  | Derivative valuation adjustment |  | Total Other Comprehensive Income
January 1, 2022 |  | $ | (105,880) |  |  | $ | (38,490) |  |  | $ | (1,614) |  |  | $ | (145,984) |
Other comprehensive income/(loss) before reclassifications |  | (40,971) |  |  | — |  |  | 18,971 |  |  | (22,000) |
Pension/postretirement settlements and curtailments, net of tax |  | — |  |  | 26,198 |  |  | — |  |  | 26,198 |
Pension/postretirement plan remeasurement, net of tax |  | — |  |  | (2,663) |  |  | — |  |  | (2,663) |
Interest expense related to swaps reclassified to the Statements of Income, net of tax |  | — |  |  | — |  |  | 350 |  |  | 350 |
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax |  | — |  |  | (828) |  |  | — |  |  | (828) |
Net current period other comprehensive income |  | (40,971) |  |  | 22,707 |  |  | 19,321 |  |  | 1,057 |
December 31, 2022 |  | $ | (146,851) |  |  | $ | (15,783) |  |  | $ | 17,707 |  |  | $ | (144,927) |
Other comprehensive income/(loss) before reclassifications |  | 21,950 |  |  | (3,357) |  |  | 2,623 |  |  | 21,216 |
Pension settlement expense, net of tax |  | — |  |  | — |  |  | — |  |  | — |
Pension/postretirement plan remeasurement, net of tax |  | — |  |  | 3,629 |  |  | — |  |  | 3,629 |
Interest expense related to swaps reclassified to the Statements of Income, net of tax |  | — |  |  | — |  |  | (11,251) |  |  | (11,251) |
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax |  | — |  |  | (1,835) |  |  | — |  |  | (1,835) |
Net current period other comprehensive income |  | 21,950 |  |  | (1,563) |  |  | (8,628) |  |  | 11,759 |
December 31, 2023 |  | $ | (124,901) |  |  | $ | (17,346) |  |  | $ | 9,079 |  |  | $ | (133,168) |
Other comprehensive income/(loss) before reclassifications |  | (56,654) |  |  | 103 |  |  | 943 |  |  | (55,608) |
Pension/postretirement plan remeasurement, net of tax |  | — |  |  | 2,605 |  |  | — |  |  | 2,605 |
Interest expense related to swaps reclassified to the Statements of Income, net of tax |  | — |  |  | — |  |  | (10,128) |  |  | (10,128) |
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax |  | — |  |  | 310 |  |  | — |  |  | 310 |
Net current period other comprehensive income |  | (56,654) |  |  | 3,018 |  |  | (9,185) |  |  | (62,821) |
December 31, 2024 |  | $ | (181,555) |  |  | $ | (14,328) |  |  | $ | (106) |  |  | $ | (195,989) |
The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the years ended December 31, 2024, 2023, and 2022.
(in thousands) |  | 2024 |  | 2023 |  | 2022
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |  |  |  |
(Income)/Expense related to interest rate swaps included in Income before taxes(a) |  | $ | (13,547) |  |  | $ | (15,062) |  |  | $ | 468 |
Income tax effect |  | 3,419 |  |  | 3,811 |  |  | (118) |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $ | (10,128) |  |  | $ | (11,251) |  |  | $ | 350 |
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |  |  |  |
Pension/postretirement settlements and curtailments |  | $ | — |  |  | $ | — |  |  | $ | 42,657 |
Amortization of prior service credit |  | (150) |  |  | (4,122) |  |  | (4,497) |
Amortization of net actuarial loss |  | 613 |  |  | 1,383 |  |  | 3,260 |
Total pretax amount reclassified(b) |  | 463 |  |  | (2,739) |  |  | 41,420 |
Income tax effect |  | (153) |  |  | 904 |  |  | (16,051) |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $ | 310 |  |  | $ | (1,835) |  |  | $ | 25,369 |
________________________ (a)Reported as Interest expense, net in our Consolidated Statements of Income, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 17, Financial Instruments, and Note 18, Fair-Value Measurements, of the Notes to the Consolidated Financial Statements). (b)Reported as Other (income)/expense, net in our Consolidated Statements of Income, the accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4, Pension, Postretirement, and Other Benefit Plans, of the Notes to the Consolidated Financial Statements).

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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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