| Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss The Company reports activity in Accumulated other comprehensive loss (“AOCI”) for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on designated derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the three and six months ended June 30, 2026 and 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In thousands) | | Opening balance - accumulated other comprehensive loss | $ | (54,508) | | | $ | (42,012) | | | $ | (63,190) | | | $ | (27,279) | | | Pension and other postretirement benefits: | | | | | | | | | Balance at beginning of period, net of tax | $ | 877 | | | $ | 849 | | | $ | 910 | | | $ | 898 | | | Net loss arising during period | (2) | | | (49) | | | (35) | | | (98) | | | Net loss on pension and other postretirement benefit | (2) | | | (49) | | | (35) | | | (98) | | | Balance at end of period, net of tax | $ | 875 | | | $ | 800 | | | $ | 875 | | | $ | 800 | | | Foreign currency: | | | | | | | | | Balance at beginning of period, net of tax | $ | (64,047) | | | $ | (51,876) | | | $ | (68,893) | | | $ | (46,028) | | | Cumulative translation adjustment | (6,383) | | | 71,771 | | | (8,937) | | | 105,264 | | Non-derivative net investment hedges(1) | 11,070 | | | (85,758) | | | 18,470 | | | (125,099) | | Derivative net investment hedge(1) | — | | | (1,598) | | | — | | | (1,598) | | | Reclassification of CTA to earnings upon sale of partially owned entity | — | | | 2,372 | | | — | | | 2,372 | | | Net gain (loss) on foreign currency translation | 4,687 | | | (13,213) | | | 9,533 | | | (19,061) | | | Balance at end of period, net of tax | $ | (59,360) | | | $ | (65,089) | | | $ | (59,360) | | | $ | (65,089) | | | Designated derivatives: | | | | | | | | | Balance at beginning of period, net of tax | $ | 8,662 | | | $ | 9,015 | | | $ | 4,793 | | | $ | 17,851 | | Cash flow hedge derivatives(1) | 134 | | | (6,572) | | | 4,439 | | | (14,341) | | Net amount reclassified from AOCI to earnings(1) | (4,200) | | | 3,378 | | | (4,636) | | | 2,311 | | | Net loss on designated derivatives | (4,066) | | | (3,194) | | | (197) | | | (12,030) | | | Balance at end of period, net of tax | $ | 4,596 | | | $ | 5,821 | | | $ | 4,596 | | | $ | 5,821 | | | Closing balance - accumulated other comprehensive loss | $ | (53,889) | | | $ | (58,468) | | | $ | (53,889) | | | $ | (58,468) | |
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