Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Net Change and Ending Balances for Various Components of Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the six months ended June 30, 2023 and 2022 are summarized below. All amounts are net of tax where applicable.

	Foreign Currency Translation			Unrecognized Employee Benefit Costs			Cash Flow Hedges			Total Accumulated Other Comprehensive Loss			Less: Noncontrolling Interest			Accumulated Other Comprehensive Loss Attributable to Ampco-Pittsburgh
Balance at January 1, 2023	$	(26,170	)	$	(32,623	)	$	152		$	(58,641	)	$	(229	)	$	(58,412	)
Net change		1,037			(629	)		(287	)		121			(478	)		599
Balance at June 30, 2023	$	(25,133	)	$	(33,252	)	$	(135	)	$	(58,520	)	$	(707	)	$	(57,813	)
Balance at January 1, 2022	$	(14,322	)	$	(40,563	)	$	277		$	(54,608	)	$	498		$	(55,106	)
Net change		(11,042	)		1,102			(817	)		(10,757	)		(439	)		(10,318	)
Balance at June 30, 2022	$	(25,364	)	$	(39,461	)	$	(540	)	$	(65,365	)	$	59		$	(65,424	)

Line Items Affected on Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Loss

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income.

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Amortization of unrecognized employee benefit costs:
Other income – net	$	(265	)	$	188		$	(447	)	$	556
Income tax provision		(33	)		(1	)		(46	)		(4	)
Net of tax	$	(298	)	$	187		$	(493	)	$	552
Settlements of cash flow hedges:
Depreciation and amortization (foreign currency purchase contracts)	$	(8	)	$	(6	)	$	(14	)	$	(13	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		(68	)		(163	)		(179	)		(254	)
Total before income tax		(76	)		(169	)		(193	)		(267	)
Income tax benefit		3			5			6			8
Net of tax	$	(73	)	$	(164	)	$	(187	)	$	(259	)

Summary of Income Tax Effect Associated With Various Components of Other Comprehensive Income

The income tax effect associated with the various components of other comprehensive (loss) income for the three and six months ended June 30, 2023 and 2022 is summarized below. Amounts in parentheses represent credits to net income when reclassified to earnings. Certain amounts 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. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Income tax effect associated with changes in:
Unrecognized employee benefit costs	$	-		$	-		$	-		$	-
Fair value of cash flow hedges		(3	)		(32	)		3			(18	)
Income tax effect associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(33	)		(1	)		(46	)		(4	)
Settlement of cash flow hedges		3			5			6			8