The following table sets forth the changes in Accumulated other comprehensive income/(loss) (“AOCI”) during the nine months ended September 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	(29,790)		(45,759)		(1,177)		(76,726)

Reclassification to net income(1)	—		21,843		1,145		22,988
Income tax effects(2)	—		4,564		(130)		4,434
Balance as of September 30, 2026	$	(186,338)	$	(34,842)	$	(8,851)	$	(230,031)

Balance as of December 31, 2024	$	(146,998)	$	(7,548)	$	(176)	$	(154,722)
Loss recognized during the period	(10,053)		(10,392)		—		(20,445)

Reclassification to net income(1)	—		2,680		(341)		2,339
Income tax effects(2)	2,146		1,744		(39)		3,851
Balance as of September 30, 2025	$	(154,905)	$	(13,516)	$	(556)	$	(168,977)

(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.