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Accumulated Other Comprehensive Earnings (Loss)
6 Months Ended
Jun. 30, 2023
Accumulated Other Comprehensive Earnings (Loss)  
Accumulated Other Comprehensive Earnings (Loss)

Note 8 — Accumulated Other Comprehensive Earnings (Loss)

Accumulated Other Comprehensive Earnings (Loss) consists of the following components:

    

    

    

    

    

Accumulated

Foreign

Foreign

Postretirement

Other

Currency

Currency

Commodity

and Pension

Comprehensive

Translation

Investments

Derivatives

Derivatives

Benefits

Earnings (Loss)

Balance at March 31, 2023

$

(22,499)

    

$

(6,919)

    

$

(178)

    

$

39

    

$

2,498

    

$

(27,059)

Other comprehensive earnings (loss) before reclassifications

1,142

(247)

221

(648)

-

468

Reclassifications from accumulated other comprehensive loss

-

-

36

-

(143)

(107)

Other comprehensive earnings (loss) net of tax

1,142

(247)

257

(648)

(143)

361

Balance at June 30, 2023

$

(21,357)

$

(7,166)

$

79

$

(609)

$

2,355

$

(26,698)

Balance at March 31, 2022

$

(24,313)

    

$

(5,722)

    

$

302

    

$

184

    

$

582

    

$

(28,967)

Other comprehensive earnings (loss) before reclassifications

(106)

(1,849)

(113)

(61)

-

(2,129)

Reclassifications from accumulated other comprehensive loss

-

(4)

(65)

(47)

(156)

(272)

Other comprehensive earnings (loss) net of tax

(106)

(1,853)

(178)

(108)

(156)

(2,401)

Balance at June 30, 2022

$

(24,419)

$

(7,575)

$

124

$

76

$

426

$

(31,368)

Balance at December 31, 2022

    

$

(23,795)

$

(8,809)

$

(215)

$

8

$

2,642

$

(30,169)

Other comprehensive earnings (loss) before reclassifications

2,438

1,643

192

(547)

-

3,726

Reclassifications from accumulated other comprehensive loss

-

-

102

(70)

(287)

(255)

Other comprehensive earnings (loss) net of tax

2,438

1,643

294

(617)

(287)

3,471

Balance at June 30, 2023

$

(21,357)

$

(7,166)

$

79

$

(609)

$

2,355

$

(26,698)

Balance at December 31, 2021

$

(24,882)

$

(1,286)

$

322

$

94

$

739

$

(25,013)

Other comprehensive earnings (loss) before reclassifications

463

(6,281)

(56)

50

-

(5,824)

Reclassifications from accumulated other comprehensive loss

-

(8)

(142)

(68)

(313)

(531)

Other comprehensive earnings (loss) net of tax

463

(6,289)

(198)

(18)

(313)

(6,355)

Balance at June 30, 2022

$

(24,419)

$

(7,575)

$

124

$

76

$

426

$

(31,368)

The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:

Details about Accumulated Other

Quarter Ended

Year to Date Ended

Location of (Gain) Loss

Comprehensive Income Components

June 30, 2023

June 30, 2022

June 30, 2023

June 30, 2022

Recognized in Earnings

Investments

$

-

$

(5)

$

(1)

$

(10)

Other income, net

Foreign currency derivatives

48

(86)

136

(188)

Other income, net

Commodity derivatives

-

(62)

(93)

(89)

Product cost of goods sold

Postretirement and pension benefits

(189)

(206)

(379)

(413)

Other income, net

Total before tax

(141)

(359)

(337)

(700)

Tax (expense) benefit

34

87

82

169

Net of tax

$

(107)

$

(272)

$

(255)

$

(531)