Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

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

	Three months ended March 31, 2024
	Foreign currency translation adjustments		Derivative financial instruments		Pension and postretirement benefit plans		Total
Balance, beginning of period	$	(68,739)	$	(6,601)	$	(229,622)	$	(304,962)
Other comprehensive loss, before reclassifications	(31,305)		(22,641)		—		(53,946)
Income tax benefit	11		5,413		—		5,424
	(31,294)		(17,228)		—		(48,522)
Reclassifications:
Net loss on derivative financial instruments	—		28,506		—		28,506
Prior service credits(a)	—		—		337		337
Actuarial gains(a)	—		—		(1,413)		(1,413)
Reclassifications before tax	—		28,506		(1,076)		27,430
Income tax (expense) benefit	—		(6,757)		253		(6,504)
	—		21,749		(823)		20,926
Other comprehensive (loss) income	(31,294)		4,521		(823)		(27,596)
Balance, end of period	$	(100,033)	$	(2,080)	$	(230,445)	$	(332,558)
	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 income (loss)	10,121		(21,882)		(962)		(12,723)
Balance, end of period	$	(70,150)	$	(32,322)	$	(252,180)	$	(354,652)

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