Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Cash flow hedges
Cost of sales	—		80		$	(33)	$	143
Interest expense, net	137		137		412		412
Total before tax	137		217		379		555
Income tax provision	34		54		95		138
Net of tax	$	103	$	163	$	284	$	417
Available-for-sale securities
Financing revenue	$	(20)	$	(3)	$	(11)	$	(9)
Selling, general and administrative expense	—		64		—		86
Total before tax	(20)		61		(11)		77
Income tax (benefit) provision	(5)		15		(3)		20
Net of tax	$	(15)	$	46	$	(8)	$	57
Pension and postretirement benefit plans
Prior service costs	(67)		(49)		$	(199)	$	(159)
Actuarial losses	(3,757)		(9,811)		(12,904)		(29,997)
Settlement	(366)		(350)		(680)		(350)
Total before tax	(4,190)		(10,210)		(13,783)		(30,506)
Income tax benefit	(1,032)		(2,461)		(3,397)		(6,792)
Net of tax	$	(3,158)	$	(7,749)	$	(10,386)	$	(23,714)

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 before reclassifications	(2,719)		(4,338)		—		(5,560)		(12,617)
Reclassifications into earnings	(284)		8		10,386		—		10,110
Net other comprehensive (loss) income	(3,003)		(4,330)		10,386		(5,560)		(2,507)
Balance at September 30, 2023	$	9,500	$	(43,770)	$	(705,670)	$	(98,131)	$	(838,071)

	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	9,832		(36,091)		—		(122,122)		(148,381)
Reclassifications into earnings	(417)		(57)		23,714		—		23,240
Net other comprehensive income (loss)	9,415		(36,148)		23,714		(122,122)		(125,141)
Balance at September 30, 2022	$	13,218	$	(42,397)	$	(732,925)	$	(143,349)	$	(905,453)