Changes in Accumulated Other Comprehensive Income by Component (Tables)

12 Months Ended

Dec. 31, 2023

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

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2023 and December 31, 2022:

	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
January 1, 2023	$	5,941	$	(108,640)	$	(117,801)	$	(220,500)
Other comprehensive (loss) income before reclassifications to consolidated statements of income	(16,637)		7,230		37,952		28,545
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	(3,808)		634		—		(3,174)
Net current-period other comprehensive (loss) income	(20,445)		7,864		37,952		25,371
December 31, 2023	$	(14,504)	$	(100,776)	$	(79,849)	$	(195,129)
	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
January 1, 2022	$	160	$	(112,307)	$	(39,691)	$	(151,838)
Other comprehensive income (loss) before reclassifications to consolidated statements of income	6,155		(6,212)		(78,110)		(78,167)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	(374)		9,879		—		9,505
Net current-period other comprehensive income (loss)	5,781		3,667		(78,110)		(68,662)
December 31, 2022	$	5,941	$	(108,640)	$	(117,801)	$	(220,500)

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income to the Consolidated Statements of Income

The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2023 and December 31, 2022:

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Consolidated Statements of Income
	2023		2022
Gains and losses on cash flow hedges
Interest rate contracts	$	5,825	$	647	Interest expense
Foreign exchange contracts	(788)		(152)		Net sales
	5,037		495		Total before tax
	(1,229)		(121)		Tax expense
	3,808		374		Net of tax
Pension and other postretirement benefit items
Amortization of prior-service costs	$	(364)	$	(423)	(A)
Amortization of actuarial losses	(1,497)		(12,708)		(A)
Curtailment gain/(loss)	241		(450)		(A)
Settlement gain	656		605		(A)
	(964)		(12,976)		Total before tax
	330		3,097		Tax (expense) benefit
	(634)		(9,879)		Net of tax
Total reclassifications in the period	$	3,174	$	(9,505)

(A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.