Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022, and 2021, 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 income (loss) 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, 2022	Beginning of the Period			Recognized			Reclassified			End of the Period
Foreign currency purchase contracts	$	122		$	0		$	7		$	115
Futures contracts – copper and aluminum		(662	)		(251	)		(374	)		(539	)
	$	(540	)	$	(251	)	$	(367	)	$	(424	)
Three Months Ended September 30, 2021
Foreign currency purchase contracts	$	148		$	0		$	6		$	142
Futures contracts – copper and aluminum		276			(8	)		298			(30	)
	$	424		$	(8	)	$	304		$	112
Nine Months Ended September 30, 2022
Foreign currency purchase contracts	$	135		$	0		$	20		$	115
Futures contracts – copper and aluminum		142			(809	)		(128	)		(539	)
	$	277		$	(809	)	$	(108	)	$	(424	)
Nine Months Ended September 30, 2021
Foreign currency purchase contracts	$	162		$	0		$	20		$	142
Futures contracts – copper and aluminum		427			547			1,004			(30	)
	$	589		$	547		$	1,024		$	112

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 (Loss) in Statements	Estimated to be Reclassified in the Next Twelve Months			Three Months Ended September 30,					Nine Months Ended September 30,
	of Operations	12 Months			2022			2021		2022			2021
Foreign currency purchase contracts	Depreciation and amortization	$	28		$	7		$	6	$	20		$	20
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation and amortization)	$	(557	)	$	(386	)	$	298	$	(132	)	$	1,004