Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

he following table presents changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2024 and 2023:

	Currency Translation Adjustment		Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax		Pension and Post-Retirement Benefit Related Items, Net of Tax		Total
Balance at December 31, 2023	$	(117,230)	$	120	$	(202,705)	$	(319,815)
Other comprehensive income (loss), net of tax:
Unrealized gains from cash flow hedging arrangements	—		16,074		—		16,074
Foreign currency translation adjustment	8,519		—		11,841		20,360
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—		(17,169)		2,476		(14,693)
Net change in other comprehensive income (loss), net of tax	8,519		(1,095)		14,317		21,741
Balance at March 31, 2024	$	(108,711)	$	(975)	$	(188,388)	$	(298,074)

	Currency Translation Adjustment		Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax		Pension and Post-Retirement Benefit Related Items, Net of Tax		Total
Balance at December 31, 2022	$	(82,864)	$	4,256	$	(148,625)	$	(227,233)
Other comprehensive income (loss), net of tax:
Unrealized gains from cash flow hedging arrangements	—		19		—		19
Foreign currency translation adjustment	(893)		—		(728)		(1,621)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—		(1,259)		1,578		319
Net change in other comprehensive income (loss), net of tax	(893)		(1,240)		850		(1,283)
Balance at March 31, 2023	$	(83,757)	$	3,016	$	(147,775)	$	(228,516)

Disclosure of Reclassification Amount [Text Block]

The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three months ended March 31:

	2024		2023		Location of Amounts Recognized in Earnings
Effective portion of (gains) losses on cash flow hedging arrangements:
Cross currency swap	(21,196)		(1,554)		(a)
Provision for taxes	(4,027)		(295)		Provision for taxes
Total, net of taxes	$	(17,169)	$	(1,259)
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial (gains) losses, plan amendments and prior service cost, before taxes	$	3,108	$	2,002	(b)
Provision for taxes	632		424		Provision for taxes
Total, net of taxes	$	2,476	$	1,578

Schedule of Comprehensive Income (Loss) [Table Text Block]

ACCUMULATED COMPREHENSIVE AND OTHER COMPREHENSIVE INCOME

    Comprehensive income (loss), net of tax consisted of the following:

	March 31, 2024		March 31, 2023
Net earnings	$	177,509	$	188,426
Other comprehensive income (loss), net of tax	21,741		$	(1,283)
Comprehensive income, net of tax	$	199,250	$	187,143

The following table presents changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2024 and 2023:

	Currency Translation Adjustment		Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax		Pension and Post-Retirement Benefit Related Items, Net of Tax		Total
Balance at December 31, 2023	$	(117,230)	$	120	$	(202,705)	$	(319,815)
Other comprehensive income (loss), net of tax:
Unrealized gains from cash flow hedging arrangements	—		16,074		—		16,074
Foreign currency translation adjustment	8,519		—		11,841		20,360
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—		(17,169)		2,476		(14,693)
Net change in other comprehensive income (loss), net of tax	8,519		(1,095)		14,317		21,741
Balance at March 31, 2024	$	(108,711)	$	(975)	$	(188,388)	$	(298,074)

	Currency Translation Adjustment		Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax		Pension and Post-Retirement Benefit Related Items, Net of Tax		Total
Balance at December 31, 2022	$	(82,864)	$	4,256	$	(148,625)	$	(227,233)
Other comprehensive income (loss), net of tax:
Unrealized gains from cash flow hedging arrangements	—		19		—		19
Foreign currency translation adjustment	(893)		—		(728)		(1,621)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—		(1,259)		1,578		319
Net change in other comprehensive income (loss), net of tax	(893)		(1,240)		850		(1,283)
Balance at March 31, 2023	$	(83,757)	$	3,016	$	(147,775)	$	(228,516)

    The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three months ended March 31:

	2024		2023		Location of Amounts Recognized in Earnings
Effective portion of (gains) losses on cash flow hedging arrangements:
Cross currency swap	(21,196)		(1,554)		(a)
Provision for taxes	(4,027)		(295)		Provision for taxes
Total, net of taxes	$	(17,169)	$	(1,259)
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial (gains) losses, plan amendments and prior service cost, before taxes	$	3,108	$	2,002	(b)
Provision for taxes	632		424		Provision for taxes
Total, net of taxes	$	2,476	$	1,578

(a)The cross currency swap reflects an unrealized gain of $18.2 million recorded in other charges (income) that was offset by the underlying unrealized loss in the hedged debt for the three months ended March 31, 2024. The cross currency swap also reflects a realized gain of $3.0 million recorded in interest expense for the three months ended March 31, 2024.

(b)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 12 for additional details for the three months ended March 31, 2024 and 2023.