Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table sets forth details of the changes in accumulated other comprehensive income (losses) for the three years ended December 31, 2023, 2022 and 2021.


In thousands	Currency translation adjustments		Unrealized gain (loss) on cash flow hedges		Change in pensions		Change in other postretirement defined benefit plans		Total
Balance at January 1, 2023	$	(106,242)	$	11,176	$	(3,247)	$	418	$	(97,895)
Other comprehensive income (loss) before reclassifications (net of tax)	15,509		735		(163)		(27)		16,054
Amounts reclassified from accumulated other comprehensive income (net of tax)	—		(1,356)		718		(30)		(668)
Net current period other comprehensive income (loss)	15,509		(621)		555		(57)		15,386
Balance at December 31, 2023	$	(90,733)	$	10,555	$	(2,692)	$	361	$	(82,509)

Balance at January 1, 2022	$	(69,757)	$	1,988	$	(11,482)	$	(1,053)	$	(80,304)
Other comprehensive income (loss) before reclassifications (net of tax)	(36,485)		16,716		7,613		1,367		(10,789)
Amounts reclassified from accumulated other comprehensive income (net of tax)	—		(7,528)		622		104		(6,802)
Net current period other comprehensive income (loss)	(36,485)		9,188		8,235		1,471		(17,591)
Balance at December 31, 2022	$	(106,242)	$	11,176	$	(3,247)	$	418	$	(97,895)

Balance at January 1, 2021	$	(42,525)	$	(2,496)	$	(12,844)	$	(788)	$	(58,653)
Other comprehensive income (loss) before reclassifications (net of tax)	(27,232)		4,759		611		(79)		(21,941)
Amounts reclassified from accumulated other comprehensive income (net of tax)	—		(275)		751		(186)		290
Net current period other comprehensive income (loss)	(27,232)		4,484		1,362		(265)		(21,651)
Balance at December 31, 2021	$	(69,757)	$	1,988	$	(11,482)	$	(1,053)	$	(80,304)

The following table sets forth the amounts reclassified from accumulated other comprehensive income (losses) for the years indicated.


	Year ended December 31,
In thousands	2023		2022		2021
Description							Line Item in Statements of Income
Cash flow hedges (Note 22)
Gains on cash flow hedges	$	(1,785)	$	(7,896)	$	(382)	Costs of products sold
Tax expense (benefit)	429		703		22		Income tax provision (benefit)
Net of tax	(1,356)		(7,193)		(360)

Loss (gain) on interest rate swaps	—		(335)		85		Interest expense
Tax expense	—		—		—		Income tax provision (benefit)
Net of tax	—		(335)		85
Total cash flow hedges	(1,356)		(7,528)		(275)

Retirement plan obligations (Note 13)
Amortization of defined benefit pension plan items
Prior service costs	23		43		47		Other, net
Actuarial losses	81		653		792		Other, net
Pension settlement	633		—		—
	737		696		839
Tax benefit	(19)		(74)		(88)		Income tax provision (benefit)
Net of tax	718		622		751
Amortization of defined benefit other plan items
Prior service costs	21		104		(233)		Other, net
Actuarial loss (gains)	(51)		—		47		Other, net
	(30)		104		(186)
Tax expense	—		—		—		Income tax provision (benefit)
Net of tax	(30)		104		(186)
Total reclassifications, net of tax	$	(668)	$	(6,802)	$	290