| Other Comprehensive Income |
Other Comprehensive Income Changes in accumulated other comprehensive income(1) were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Currency Translation Adjustment | | Pension Benefit Costs | | Unrealized Gain/(Loss) Interest Rate Swap | | Unrealized Loss Certain Investments | | Total | | 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 Ended | | Nine Months Ended | | | Sep 30, 2023 | | Oct 1, 2022 | | Sep 30, 2023 | | Oct 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 tax | 4,436 | | | 17,928 | | | (544) | | | 44,127 | | | Unrealized gain (loss) on interest rate swaps, net of tax | 20 | | | 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 | |
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