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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of June 30, 2025 and 2024 and the amounts recognized as and reclassified from accumulated other comprehensive loss for each of the periods are summarized below. Amounts are after tax where applicable. Certain amounts recognized as comprehensive (loss) income or reclassified from accumulated other comprehensive loss have no tax effect due to the Corporation having a valuation allowance recorded against the deferred income tax assets for the jurisdiction where the income or expense is recognized.


Three Months Ended June 30, 2025		Beginning of the Period				Recognized				Reclassified				End of the Period
Foreign currency purchase contracts		$	48			$	—			$	8			$	40
Futures contracts – copper and aluminum			571				18				273				316
		$	619			$	18			$	281			$	356
Three Months Ended June 30, 2024
Foreign currency purchase contracts		$	75			$	—			$	8			$	67
Futures contracts – copper and aluminum			174				158				270				62
		$	249			$	158			$	278			$	129
Six Months Ended June 30, 2025
Foreign currency purchase contracts		$	54			$	—			$	14			$	40
Futures contracts – copper and aluminum			(156	)			798				326				316
		$	(102	)		$	798			$	340			$	356
Six Months Ended June 30, 2024
Foreign currency purchase contracts		$	81			$	—			$	14			$	67
Futures contracts – copper and aluminum			105				210				253				62
		$	186			$	210			$	267			$	129

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Loss to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.


		Location of Gain in Statements		Estimated to be Reclassified in the Next 12 Months				Three Months Ended June 30,								Six Months Ended June 30,
		of Operations						2025				2024				2025				2024
Foreign currency purchase contracts		Depreciation and amortization		$	28			$	8			$	8			$	14			$	14
Futures contracts – copper and aluminum		Costs of products sold (excluding depreciation and amortization)		$	323			$	281			$	278			$	336			$	260