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Accumulated Other Comprehensive Earnings (Loss)
9 Months Ended
Sep. 30, 2024
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 June 30, 2024

$

(22,739)

    

$

(1,615)

    

$

(34)

    

$

(1,127)

    

$

1,641

    

$

(23,874)

Other comprehensive earnings (loss) before reclassifications

(1,370)

4,904

156

609

4,299

Reclassifications from accumulated other comprehensive loss

(4)

19

346

(122)

239

Other comprehensive earnings (loss) net of tax

(1,370)

4,900

175

955

(122)

4,538

Balance at September 30, 2024

$

(24,109)

$

3,285

$

141

$

(172)

$

1,519

$

(19,336)

Balance at June 30, 2023

$

(21,357)

    

$

(7,166)

    

$

79

    

$

(609)

    

$

2,355

    

$

(26,698)

Other comprehensive earnings (loss) before reclassifications

(543)

567

(209)

1,783

1,598

Reclassifications from accumulated other comprehensive loss

22

4

(144)

(118)

Other comprehensive earnings (loss) net of tax

(543)

567

(187)

1,787

(144)

1,480

Balance at September 30, 2023

$

(21,900)

$

(6,599)

$

(108)

$

1,178

$

2,211

$

(25,218)

Balance at December 31, 2023

    

$

(21,050)

$

(2,359)

$

228

$

(1,915)

$

1,883

$

(23,213)

Other comprehensive earnings (loss) before reclassifications

(3,059)

5,650

(201)

574

2,964

Reclassifications from accumulated other comprehensive loss

(6)

114

1,169

(364)

913

Other comprehensive earnings (loss) net of tax

(3,059)

5,644

(87)

1,743

(364)

3,877

Balance at September 30, 2024

$

(24,109)

$

3,285

$

141

$

(172)

$

1,519

$

(19,336)

Balance at December 31, 2022

$

(23,795)

$

(8,809)

$

(215)

$

8

$

2,642

$

(30,169)

Other comprehensive earnings (loss) before reclassifications

1,895

2,210

(17)

1,236

5,324

Reclassifications from accumulated other comprehensive loss

124

(66)

(431)

(373)

Other comprehensive earnings (loss) net of tax

1,895

2,210

107

1,170

(431)

4,951

Balance at September 30, 2023

$

(21,900)

$

(6,599)

$

(108)

$

1,178

$

2,211

$

(25,218)

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

September 30, 2024

September 30, 2023

September 30, 2024

September 30, 2023

Recognized in Earnings

Investments

$

(8)

$

$

(10)

$

(1)

Other income, net

Foreign currency derivatives

25

27

151

163

Other income, net

Commodity derivatives

456

6

1,543

(87)

Product cost of goods sold

Postretirement and pension benefits

(160)

(188)

(479)

(567)

Other income, net

Total before tax

313

(155)

1,205

(492)

Tax (expense) benefit

(74)

37

(292)

119

Net of tax

$

239

$

(118)

$

913

$

(373)