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Derivative Instruments (Tables)

9 Months Ended

Sep. 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 September 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 September 30, 2025		Beginning of the Period				Recognized				Reclassified				End of the Period
Foreign currency purchase contracts		$	40			$	—			$	6			$	34
Futures contracts – copper and aluminum			316				22				238				100
		$	356			$	22			$	244			$	134
Three Months Ended September 30, 2024
Foreign currency purchase contracts		$	67			$	—			$	6			$	61
Futures contracts – copper and aluminum			62				174				7				229
		$	129			$	174			$	13			$	290
Nine Months Ended September 30, 2025
Foreign currency purchase contracts		$	54			$	—			$	20			$	34
Futures contracts – copper and aluminum			(156	)			820				564				100
		$	(102	)		$	820			$	584			$	134
Nine Months Ended September 30, 2024
Foreign currency purchase contracts		$	81			$	—			$	20			$	61
Futures contracts – copper and aluminum			105				384				260				229
		$	186			$	384			$	280			$	290

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 September 30,								Nine Months Ended September 30,
		of Operations						2025				2024				2025				2024
Foreign currency purchase contracts		Depreciation and amortization		$	28			$	6			$	6			$	20			$	20
Futures contracts – copper and aluminum		Costs of products sold (excluding depreciation and amortization)		$	102			$	242			$	7			$	578			$	267