v3.26.1
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the gains (losses) on derivative instruments recognized in Comprehensive income attributable to The Andersons, Inc.:
 Three months ended March 31,
(in thousands)Classification20262025
Designated as Hedging Instruments
Interest rate
Gain in Interest expense, net (a)
$1,361 $2,074 
Gain (loss) in Other comprehensive income
1,578 (6,820)
Not Designated as Hedging Instruments
Commodity
(Loss) gain in Cost of sales and merchandising revenues
$(74,797)$49,998 
(a) The entire amount recognized within Interest expense, net was reclassified from Accumulated other comprehensive income.
The following table summarizes the changes in accumulated other comprehensive income ("AOCI") attributable to the Company:
Three months ended March 31,
(in thousands)20262025
Currency Translation Adjustment
Beginning balance$(4,334)$(13,469)
Other comprehensive (loss) income before reclassifications
(2,433)1,778 
  Tax effect— — 
Other comprehensive (loss) income, net of tax
(2,433)1,778 
Ending balance$(6,767)$(11,691)
Cash Flow Hedges
Beginning balance$11,469 $21,571 
Other comprehensive income (loss) before reclassifications
2,939 (4,746)
Amounts reclassified from AOCI (a)
(1,361)(2,074)
  Tax effect (b)
(216)1,501 
Other comprehensive income (loss), net of tax
1,362 (5,319)
Ending balance$12,831 $16,252 
Pension and Other Postretirement Adjustment
Beginning balance$4,202 $4,225 
Other comprehensive loss before reclassifications
(80)(1,467)
Amounts reclassified from AOCI (c)
— (214)
  Tax effect (b)
18 1,494 
Other comprehensive loss, net of tax
(62)(187)
Ending balance$4,140 $4,038 
Investments in Convertible Preferred Securities Adjustment
Ending balance$— $258 
Total AOCI Ending Balance$10,204 $8,857 
(a)Gains and losses on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings. Gains and losses from interest rate derivatives are recognized in Interest expense, net as interest payments are made on the Company's variable rate debt. When interest rate derivatives are settled prior to maturity the gain or loss is recognized in Other income, net. The Company expects to reclassify approximately $5.4 million into earnings over the next twelve months. See Note 7 for additional information.
(b)The Company utilizes the aggregate approach for releasing disproportionate income tax effects in AOCI.
(c)This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses.