| Components and Activity in Accumulated Other Comprehensive (Loss) Income, Net of Deferred Income Taxes |
The components and activity in Accumulated other comprehensive loss (net of deferred income taxes) consisted of the following during the years ended December 31, 2025, 2024 and 2023 (in thousands): | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation and Other | | Cash Flow Hedge(a) | | | | Total | Balance at December 31, 2022 | $ | (562,886) | | | $ | 2,224 | | | | | $ | (560,662) | | | Other comprehensive income before reclassifications | 26,337 | | | 5,986 | | | | | 32,323 | | | Amounts reclassified from accumulated other comprehensive loss | 66 | | | (135) | | | | | (69) | | | Other comprehensive income, net of tax | 26,403 | | | 5,851 | | | | | 32,254 | | | Other comprehensive income attributable to noncontrolling interests | (118) | | | — | | | | | (118) | | Balance at December 31, 2023 | $ | (536,601) | | | $ | 8,075 | | | | | $ | (528,526) | | | Other comprehensive loss before reclassifications | (210,611) | | | (28,701) | | | | | (239,312) | | | Amounts reclassified from accumulated other comprehensive loss | 77 | | | 25,766 | | | | | 25,843 | | | Other comprehensive loss, net of tax | (210,534) | | | (2,935) | | | | | (213,469) | | | Other comprehensive income attributable to noncontrolling interests | (67) | | | — | | | | | (67) | | Balance at December 31, 2024 | $ | (747,202) | | | $ | 5,140 | | | | | $ | (742,062) | | | Other comprehensive income (loss) before reclassifications | 407,817 | | | (194) | | | | | 407,623 | | | Amounts reclassified from accumulated other comprehensive loss | 56 | | | (234) | | | | | (178) | | | Other comprehensive income (loss), net of tax | 407,873 | | | (428) | | | | | 407,445 | | | Other comprehensive income attributable to noncontrolling interests | (190) | | | — | | | | | (190) | | Balance at December 31, 2025 | $ | (339,519) | | | $ | 4,712 | | | | | $ | (334,807) | |
(a) We previously entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. During the year ended December 31, 2024, the Company dedesignated the remaining foreign currency forward contracts accounted for as cash flow hedges. The related loss was reclassified to Other income, net during the year ended December 31, 2024. The balance of the settled hedged foreign currency forward contracts will be reclassified to earnings over the life of the related assets. See Note 17, “Restructuring Charges and Asset Write-offs,” and Note 22, “Fair Value of Financial Instruments,” for additional information.
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| Amount of Income Tax (Expense) Benefit Allocated to Component of Other Comprehensive (Loss) Income |
The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the years ended December 31, 2025, 2024 and 2023 is provided in the following tables (in thousands): | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation and Other | | Cash Flow Hedge | | | | Total | | 2025 | | | | | | | | | Other comprehensive income (loss), before tax | $ | 401,689 | | | $ | (428) | | | | | $ | 401,261 | | | Income tax benefit | 6,184 | | | — | | | | | 6,184 | | | Other comprehensive income (loss), net of tax | $ | 407,873 | | | $ | (428) | | | | | $ | 407,445 | | | | | | | | | | | 2024 | | | | | | | | | Other comprehensive loss, before tax | $ | (210,522) | | | $ | (2,935) | | | | | $ | (213,457) | | | Income tax expense | (12) | | | — | | | | | (12) | | | Other comprehensive loss, net of tax | $ | (210,534) | | | $ | (2,935) | | | | | $ | (213,469) | | | | | | | | | | | 2023 | | | | | | | | | Other comprehensive income, before tax | $ | 23,964 | | | $ | 8,358 | | | | | $ | 32,322 | | | Income tax benefit (expense) | 2,439 | | | (2,507) | | | | | (68) | | | Other comprehensive income, net of tax | $ | 26,403 | | | $ | 5,851 | | | | | $ | 32,254 | |
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