Changes in Accumulated Other Comprehensive Income (Loss) by Component

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) by Component

The following tables set forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the six month periods ended June 30, 2023 and 2022:


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2022	$	5,941	$	(108,640)	$	(117,801)	$	(220,500)
Other comprehensive (loss) income before reclassifications	987		10,518		4,136		15,641
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of Income (Loss)	(1,138)		(247)		—		(1,385)
Net current-period other comprehensive (loss) income	(151)		10,271		4,136		14,256
June 30, 2023	$	5,790	$	(98,369)	$	(113,665)	$	(206,244)


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2021	$	160	$	(112,307)	$	(39,691)	$	(151,838)
Other comprehensive income (loss) before reclassifications	3,206		586		(81,805)		(78,013)
Amounts reclassified from accumulated other comprehensive income to the Condensed Consolidated Statements of Income (Loss)	196		5,265		—		5,461
Net current-period other comprehensive income (loss)	3,402		5,851		(81,805)		(72,552)

June 30, 2022	$	3,562	$	(106,456)	$	(121,496)	$	(224,390)

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the three month periods ended June 30, 2023 and 2022:


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended June 30, 2023		Three Months Ended June 30, 2022
Cash flow hedges
Interest rate contracts	$	988	$	(94)	Interest expense
Foreign exchange contracts	(190)		(27)		Net sales
	798		(121)		Total before tax
	(194)		28		Tax (expense) benefit
	604		(93)		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(85)	$	(108)	(A)
Amortization of actuarial losses	(373)		(3,517)		(A)
Curtailment gain	241		—		(A)
Settlement gain	731		—		(A)
	514		(3,625)		Total before tax
	106		852		Tax benefit
	620		(2,773)		Net of tax

Total reclassifications in the period	$	1,224	$	(2,866)

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 11.

The following table sets forth the reclassifications out of accumulated other comprehensive loss by component for the six month periods ended June 30, 2023 and 2022:


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Consolidated Statements of Income (Loss)
	Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Cash flow hedges
Interest rate contracts	$	1,853	(260)		Interest expense
Foreign exchange contracts	(349)		3		Net sales
	1,504		(257)		Total before tax
	(366)		61		Tax benefit
	1,138		(196)		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(175)	$	(225)	(A)
Amortization of actuarial losses	(765)		(6,656)		(A)
Curtailment gain	241		—		(A)
Settlement gain	731		—		(A)
	32		(6,881)		Total before tax
	215		1,616		Tax benefit
	247		(5,265)		Net of tax

Total reclassifications in the period	$	1,385	$	(5,461)

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 11.