The following table sets forth the changes in Accumulated other comprehensive income/(loss) (“AOCI”) during the six months ended June 30, 2026 and 2025:


	Accumulated Other Comprehensive Income/(Loss)
	Currency translation adjustments		Unrealized gain/(loss) on cash flow hedges		Retirement benefits		Total
Balance as of December 31, 2025	$	(156,548)	$	(15,490)	$	(8,689)	$	(180,727)
Loss recognized during the period	(23,091)		(37,047)		(1,177)		(61,315)

Reclassification to net income(1)	—		12,729		743		13,472
Income tax effects(2)	—		4,873		15		4,888
Balance as of June 30, 2026	$	(179,639)	$	(34,935)	$	(9,108)	$	(223,682)

Balance as of December 31, 2024	$	(146,998)	$	(7,548)	$	(176)	$	(154,722)
Gain recognized during the period	7,933		15,424		—		23,357

Reclassification to net income(1)	—		1,044		(228)		816
Income tax effects(2)	(1,012)		(2,847)		(26)		(3,885)
Balance as of June 30, 2025	$	(140,077)	$	6,073	$	(430)	$	(134,434)

(1) Refer to Note 17 - Derivatives and Hedge Accounting and Note 20 - Employee Benefit Plans to the unaudited consolidated financial statements for reclassification to net income.

(2) These are income tax effects recognized on currency translation adjustments, cash flow hedges and retirement benefits. Refer to Note 22 - Income Taxes to the unaudited consolidated financial statements.