Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Reclassifications out of AOCL were as follows:

	Gain (Loss) Reclassified from AOCL
	Three Months Ended March 31,
	2023		2022
Cash flow hedges
Cost of sales	$	1	$	14
Interest expense, net	137		137
Total before tax	138		151
Income tax provision	34		37
Net of tax	$	104	$	114
Available-for-sale securities
Financing revenue	$	10	$	(2)
Selling, general and administrative expense	—		(13)
Total before tax	10		(15)
Income tax provision (benefit)	2		(3)
Net of tax	$	8	$	(12)
Pension and postretirement benefit plans
Prior service costs	$	(65)	$	(57)
Actuarial losses	(4,566)		(10,140)
Total before tax	(4,631)		(10,197)
Income tax benefit	(1,142)		(2,461)
Net of tax	$	(3,489)	$	(7,736)

Changes in AOCL, net of tax were as follows:

	Cash flow hedges		Available for sale securities		Pension and postretirement benefit plans		Foreign currency adjustments		Total
Balance at January 1, 2023	$	12,503	$	(39,440)	$	(716,056)	$	(92,571)	$	(835,564)
Other comprehensive (loss) income before reclassifications	(1,958)		3,280		—		10,887		12,209
Reclassifications into earnings	(104)		(8)		3,489		—		3,377
Net other comprehensive (loss) income	(2,062)		3,272		3,489		10,887		15,586
Balance at March 31, 2023	$	10,441	$	(36,168)	$	(712,567)	$	(81,684)	$	(819,978)

	Cash flow hedges		Available for sale securities		Pension and postretirement benefit plans		Foreign currency adjustments		Total
Balance at January 1, 2022	$	3,803	$	(6,249)	$	(756,639)	$	(21,227)	$	(780,312)
Other comprehensive income (loss) before reclassifications	5,447		(15,534)		—		(17,565)		(27,652)
Reclassifications into earnings	(114)		12		7,736		—		7,634
Net other comprehensive income (loss)	5,333		(15,522)		7,736		(17,565)		(20,018)
Balance at March 31, 2022	$	9,136	$	(21,771)	$	(748,903)	$	(38,792)	$	(800,330)