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Other Comprehensive Income
9 Months Ended
Sep. 30, 2023
Disclosure Other Comprehensive Income Additional Information [Abstract]  
Other Comprehensive Income Other Comprehensive Income
Changes in accumulated other comprehensive income(1) were as follows (in thousands):
 Currency Translation AdjustmentPension Benefit CostsUnrealized Gain/(Loss) Interest Rate SwapUnrealized Loss Certain InvestmentsTotal
Balance as of December 31, 2022$(205,345)$(121,701)$48,574 $— $(278,472)
Other comprehensive income before reclassification(4,751)(2,131)21,872 — 14,990 
Amounts reclassified from accumulated other comprehensive income— 1,587 (23,963)— (22,376)
Net current-period other comprehensive income$(4,751)$(544)$(2,091)— $(7,386)
Balance as of September 30, 2023$(210,096)$(122,245)$46,483 — $(285,858)
Balance as of January 1, 2022$(97,654)$(249,696)$(13,064)$1,330 $(359,084)
Other comprehensive income before reclassification(201,176)44,127 55,958 (1,330)(102,421)
Amounts reclassified from accumulated other comprehensive income— — 7,646 — 7,646 
Net current-period other comprehensive income$(201,176)$44,127 $63,604 $(1,330)$(94,775)
Balance as of October 1, 2022$(298,830)$(205,569)$50,540 $— $(453,859)
(1) As of September 30, 2023, pension and interest rate swap are net of tax of $(1.5) million and $16.1 million, respectively. During the nine months ended September 30, 2023, the adjustments to pension and interest rate swap were net of tax of $0.5 million and $(0.7) million, respectively. As of October 1, 2022, pension, interest rate swap, and gain on investment amounts are net of tax of $(32.6) million and $17.9 million, respectively. During the nine months ended October 1, 2022, the adjustments to pension, unrealized gain/(loss) interest rate swap, and loss on investments were net of tax of $6.9 million, $22.4 million, and $(0.4) million, respectively.
Components of other comprehensive income were as follows (in thousands):
 Three Months EndedNine Months Ended
 Sep 30, 2023Oct 1, 2022Sep 30, 2023Oct 1, 2022
Net earnings$108,650 $104,369 $324,589 $303,372 
Currency translation adjustment(36,602)(81,774)(4,751)(201,176)
Pension liability adjustment, net of tax4,436 17,928 (544)44,127 
Unrealized gain (loss) on interest rate swaps, net of tax20 24,360 (2,091)63,604 
Unrealized loss on certain investments, net of tax— — — (1,330)
Comprehensive income$76,504 $64,883 $317,203 $208,597