| Summary of Other Comprehensive Income (Loss) |
The other comprehensive income (loss) consists of the following components: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | | 2026 | | 2025 | | | Before-Tax | | Income | | After-Tax | | Before-Tax | | Income | | After-Tax | | (in thousands) | Amount | | Tax | | Amount | | Amount | | Tax | | Amount | | Foreign currency translation adjustments: | | | | | | | | | | | | | Translation adjustments arising during the period | $ | 125 | | | $ | — | | | $ | 125 | | | $ | 32,283 | | | $ | — | | | $ | 32,283 | | | Adjustment for sales of businesses with foreign operations | 6,175 | | | — | | | 6,175 | | | 646 | | | — | | | 646 | | | 6,300 | | | — | | | 6,300 | | | 32,929 | | | — | | | 32,929 | | | Pension and other postretirement plans: | | | | | | | | | | | | | Actuarial loss | (89,928) | | | 23,393 | | | (66,535) | | | — | | | — | | | — | | | Amortization of net prior service credit included in net income | (497) | | | 129 | | | (368) | | | (521) | | | 133 | | | (388) | | Amortization of net actuarial gain included in net income | (258) | | | 67 | | | (191) | | | (380) | | | 98 | | | (282) | | | Settlement gain included in net income | (136,955) | | | 35,625 | | | (101,330) | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | (227,638) | | | 59,214 | | | (168,424) | | | (901) | | | 231 | | | (670) | | | Cash flow hedges: | | | | | | | | | | | | | Gain (loss) for the period | 640 | | | (165) | | | 475 | | | (364) | | | 95 | | | (269) | | | Other Comprehensive (Loss) Income | $ | (220,698) | | | $ | 59,049 | | | $ | (161,649) | | | $ | 31,664 | | | $ | 326 | | | $ | 31,990 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30 | | | 2026 | | 2025 | | | Before-Tax | | Income | | After-Tax | | Before-Tax | | Income | | After-Tax | | (in thousands) | Amount | | Tax | | Amount | | Amount | | Tax | | Amount | | Foreign currency translation adjustments: | | | | | | | | | | | | | Translation adjustments arising during the period | $ | (6,123) | | | $ | — | | | $ | (6,123) | | | $ | 46,550 | | | $ | — | | | $ | 46,550 | | | Adjustment for sales of businesses with foreign operations | 6,175 | | | — | | | 6,175 | | | 646 | | | — | | | 646 | | | 52 | | | — | | | 52 | | | 47,196 | | | — | | | 47,196 | | | Pension and other postretirement plans: | | | | | | | | | | | | | Actuarial loss | (89,928) | | | 23,393 | | | (66,535) | | | — | | | — | | | — | | | Amortization of net prior service credit included in net income | (993) | | | 259 | | | (734) | | | (1,040) | | | 266 | | | (774) | | Amortization of net actuarial gain included in net income | (516) | | | 134 | | | (382) | | | (759) | | | 195 | | | (564) | | | Settlement gain included in net income | (136,955) | | | 35,625 | | | (101,330) | | | — | | | — | | | — | | | | | | | | | | | | | | | | (228,392) | | | 59,411 | | | (168,981) | | | (1,799) | | | 461 | | | (1,338) | | | Cash flow hedges: | | | | | | | | | | | | | Gain (loss) for the period | 1,266 | | | (328) | | | 938 | | | (1,043) | | | 271 | | | (772) | | | Other Comprehensive (Loss) Income | $ | (227,074) | | | $ | 59,083 | | | $ | (167,991) | | | $ | 44,354 | | | $ | 732 | | | $ | 45,086 | |
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| Summary of Changes in Accumulated Other Comprehensive Income (Loss) |
The accumulated balances related to each component of other comprehensive income (loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands, net of taxes) | Cumulative
Foreign
Currency
Translation
Adjustment | | Unrealized Gain
on Pensions
and Other
Postretirement
Plans | | Cash Flow
Hedges | | Accumulated
Other
Comprehensive
Income | | As of December 31, 2025 | $ | (12,262) | | | $ | 601,064 | | | $ | (1,722) | | | $ | 587,080 | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (6,123) | | | (66,535) | | | 604 | | | (72,054) | | Net amount reclassified from accumulated other comprehensive income (loss) | 6,175 | | | (102,446) | | | 334 | | | (95,937) | | | Net other comprehensive (loss) income | 52 | | | (168,981) | | | 938 | | | (167,991) | | | As of June 30, 2026 | $ | (12,210) | | | $ | 432,083 | | | $ | (784) | | | $ | 419,089 | |
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| Summary of Amounts and Line Items of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30 | | Six Months Ended
June 30 | | Affected Line Item in the Condensed Consolidated Statements of Operations | | | | | | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | | Foreign Currency Translation Adjustments: | | | | | | | | | | | Adjustment for sales of businesses with foreign operations | $ | 6,175 | | | $ | 646 | | | $ | 6,175 | | | $ | 646 | | | Other expense, net | | | | | | | | | | | | Pension and Other Postretirement Plans: | | | | | | | | | | | Amortization of net prior service credit | (497) | | | (521) | | | (993) | | | (1,040) | | | (1) | | Amortization of net actuarial gain | (258) | | | (380) | | | (516) | | | (759) | | | (1) | | Settlement gain | (136,955) | | | — | | | (136,955) | | | — | | | (1) | | | (137,710) | | | (901) | | | (138,464) | | | (1,799) | | | Before tax | | | 35,821 | | | 231 | | | 36,018 | | | 461 | | | Provision for Income Taxes | | | (101,889) | | | (670) | | | (102,446) | | | (1,338) | | | Net of Tax | | | | | | | | | | | | Cash Flow Hedges | 170 | | | 61 | | | 334 | | | 121 | | | Interest expense | | | | | | | | | | | | | | | | | | | | | | Total reclassification for the period | $ | (95,544) | | | $ | 37 | | | $ | (95,937) | | | $ | (571) | | | Net of Tax |
____________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and postretirement plan cost (see Note 12) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.
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