| Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss The following tables present the changes in AOCL by component for the six months ended June 30: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Changes in Accumulated Other Comprehensive Loss by Component | | (in thousands) | | Pension and Other Post-Retirement Benefits | | Cash Flow Hedges | | Foreign Currency Translation | | Total | | Beginning balance, January 1, 2024 | | $ | (517,941) | | | $ | — | | | $ | (458,931) | | | $ | (976,872) | | | Other comprehensive income (loss) before reclassifications | | — | | | — | | | (64,642) | | | (64,642) | | | Amounts reclassified from accumulated other comprehensive loss | | 5,775 | | | — | | | — | | | 5,775 | | | Other comprehensive income (loss), net of income taxes | | 5,775 | | | — | | | (64,642) | | | (58,867) | | | Ending balance, June 30, 2024 | | $ | (512,166) | | | $ | — | | | $ | (523,573) | | | $ | (1,035,739) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Changes in Accumulated Other Comprehensive Loss by Component | | (in thousands) | | Pension and Other Post-Retirement Benefits | | Cash Flow Hedges | | Foreign Currency Translation | | Total | | Beginning balance, January 1, 2023 | | $ | (506,610) | | | $ | (2,572) | | | $ | (523,360) | | | $ | (1,032,542) | | | Other comprehensive income (loss) before reclassifications | | — | | | 2,765 | | | 14,287 | | | 17,052 | | | Amounts reclassified from accumulated other comprehensive loss | | 3,826 | | | (193) | | | — | | | 3,633 | | | Other comprehensive income (loss), net of income taxes | | 3,826 | | | 2,572 | | | 14,287 | | | 20,685 | | | Ending balance, June 30, 2023 | | $ | (502,784) | | | $ | — | | | $ | (509,073) | | | $ | (1,011,857) | |
The AOCL components related to the pension benefits are included in the computation of net periodic benefit income in the Employee Benefit Plans Footnote. Generally, tax effects in AOCL are established at the currently enacted tax rate and reclassified to net income in the same period that the related pre-tax AOCL reclassifications are recognized.
|