The changes in the components of AOCL, net of tax and noncontrolling interest, for the six months ended June 30, 2025 and 2024 are as follows (in thousands):


	June 30, 2025
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2024	$	(1,749,040)	$	35,044	$	(1,713,996)
Other comprehensive income (loss) before reclassifications	421,994		(188,668)		233,326
Amounts reclassified from AOCL	—		(7,784)		(7,784)
Tax effect	—		52,068		52,068
Other comprehensive income (loss), net of tax	421,994		(144,384)		277,610
Balance at June 30, 2025	$	(1,327,046)	$	(109,340)	$	(1,436,386)


	June 30, 2024
	Cumulative Foreign Currency Translation		Unrealized Gains (Losses) on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2023	$	(1,258,282)	$	(30,817)	$	(1,289,099)
Other comprehensive (loss) income before reclassifications	(254,705)		85,316		(169,389)
Amounts reclassified from AOCL	—		(25,238)		(25,238)
Tax effect	—		(15,259)		(15,259)
Other comprehensive (loss) income, net of tax	(254,705)		44,819		(209,886)
Balance at June 30, 2024	$	(1,512,987)	$	14,002	$	(1,498,985)

Income tax effects are released from accumulated other comprehensive loss to retained earnings, when applicable, on an individual item basis as those items are reclassified into income. Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the tables above, for the six months ended June 30, 2025 and 2024 consisted of foreign currency translation gains of $3.5 million and foreign currency translation losses of $3.2 million, respectively.