| Schedule of Accumulated Other Comprehensive Loss |
The activity in AOCI for the years ended December 31, 2025, 2024 and 2023 is as follows: | | | | | | | | | | | | | | | | | | | Years Ended December 31, |
| 2025 | | 2024 | | 2023 | | (In thousands) | | Opening balance - accumulated other comprehensive loss | $ | (27,279) | | | $ | (16,640) | | | $ | (6,050) | | | Pension and other postretirement benefits: | | | | | | | Balance at beginning of period, net of tax | $ | 898 | | | $ | 383 | | | $ | 2,682 | | | Net gain (loss) arising during period | 12 | | | 515 | | | (2,299) | | | Net gain (loss) on pension and other postretirement benefit | 12 | | | 515 | | | (2,299) | | | Balance at end of period, net of tax | $ | 910 | | | $ | 898 | | | $ | 383 | | | Foreign currency: | | | | | | | Balance at beginning of period, net of tax | $ | (46,028) | | | $ | (31,587) | | | $ | (26,650) | | | Cumulative translation adjustment | 100,489 | | | (71,343) | | | 26,956 | | Non-derivative net investment hedges(1) | (124,147) | | | 67,312 | | | (31,893) | | | Removal of hedge designation | — | | | (10,410) | | | — | | Derivative net investment hedge(1) | (1,493) | | | — | | | — | | Reclassification of derivative net investment hedge to earnings(1) | 1,493 | | | — | | | — | | | Reclassification of accumulated CTA on SuperFrio sale proceeds | (1,579) | | | — | | | — | | | Reclassification of CTA to earnings upon sale of partially owned entity | 2,372 | | | — | | | — | | | Net loss on foreign currency translation | (22,865) | | | (14,441) | | | (4,937) | | | Balance at end of period, net of tax | $ | (68,893) | | | $ | (46,028) | | | $ | (31,587) | | | Designated derivatives: | | | | | | | Balance at beginning of period, net of tax | $ | 17,851 | | | $ | 14,564 | | | $ | 17,918 | | Cash flow hedge derivatives(1) | (14,234) | | | 27,765 | | | 8,532 | | Net amount reclassified from AOCI to earnings(1) | 1,176 | | | (24,478) | | | (11,886) | | | Net (loss) gain on designated derivatives | (13,058) | | | 3,287 | | | (3,354) | | | Balance at end of period, net of tax | 4,793 | | | $ | 17,851 | | | $ | 14,564 | | | Closing balance - accumulated other comprehensive loss | $ | (63,190) | | | $ | (27,279) | | | $ | (16,640) | |
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