Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Changes in Accumulated other comprehensive loss were as follows (in thousands):


	Three months ended March 31, 2023
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(80,271)	$	(10,440)	$	(251,218)	$	(341,929)
Other comprehensive income (loss), before reclassifications	10,976		(1,240)		—		9,736
Income tax (expense) benefit	(855)		374		—		(481)
	10,121		(866)		—		9,255
Reclassifications:

Net gain on derivative financial instruments	—		(27,465)		—		(27,465)
Prior service credits(a)	—		—		22		22
Actuarial gains(a)	—		—		(1,278)		(1,278)
Reclassifications before tax	—		(27,465)		(1,256)		(28,721)
Income tax benefit	—		6,449		294		6,743
	—		(21,016)		(962)		(21,978)
Other comprehensive (loss) income	10,121		(21,882)		(962)		(12,723)
Balance, end of period	$	(70,150)	$	(32,322)	$	(252,180)	$	(354,652)

	Three months ended March 27, 2022
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(44,401)	$	(2,005)	$	(194,513)	$	(240,919)
Other comprehensive loss, before reclassifications	(3,804)		(7,230)		—		(11,034)
Income tax (expense) benefit	(317)		1,493		—		1,176
	(4,121)		(5,737)		—		(9,858)
Reclassifications:

Net loss on derivative financial instruments	—		20,046		—		20,046
Prior service credits(a)	—		—		(909)		(909)
Actuarial losses(a)	—		—		8,100		8,100
Reclassifications before tax	—		20,046		7,191		27,237
Income tax expense	—		(4,381)		(1,689)		(6,070)
	—		15,665		5,502		21,167
Other comprehensive (loss) income	(4,121)		9,928		5,502		11,309
Balance, end of period	$	(48,522)	$	7,923	$	(189,011)	$	(229,610)

(a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.