| Accumulated Other Comprehensive Income (Loss) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The other comprehensive income (loss) consists of the following components: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 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 | $ | 3,309 | | | $ | — | | | $ | 3,309 | | | $ | (8,227) | | | $ | — | | | $ | (8,227) | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension and other postretirement plans: | | | | | | | | | | | | | Actuarial gain | 45,115 | | | (11,736) | | | 33,379 | | | — | | | — | | | — | | | Amortization of net prior service credit included in net income | (496) | | | 129 | | | (367) | | | (520) | | | 133 | | | (387) | | Amortization of net actuarial gain included in net income | (258) | | | 67 | | | (191) | | | (378) | | | 96 | | | (282) | | | Settlement gain included in net income | (14,950) | | | 3,889 | | | (11,061) | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | 29,411 | | | (7,651) | | | 21,760 | | | (898) | | | 229 | | | (669) | | | Cash flow hedges: | | | | | | | | | | | | | Gain for the period | 970 | | | (251) | | | 719 | | | 64 | | | (17) | | | 47 | | | Other Comprehensive Income (Loss) | $ | 33,690 | | | $ | (7,902) | | | $ | 25,788 | | | $ | (9,061) | | | $ | 212 | | | $ | (8,849) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 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 | $ | (2,814) | | | $ | — | | | $ | (2,814) | | | $ | 38,323 | | | $ | — | | | $ | 38,323 | | | Adjustment for sales of businesses with foreign operations | 6,175 | | | — | | | 6,175 | | | 646 | | | — | | | 646 | | | 3,361 | | | — | | | 3,361 | | | 38,969 | | | — | | | 38,969 | | | Pension and other postretirement plans: | | | | | | | | | | | | | Actuarial loss | (44,813) | | | 11,657 | | | (33,156) | | | — | | | — | | | — | | | Amortization of net prior service credit included in net income | (1,489) | | | 388 | | | (1,101) | | | (1,560) | | | 399 | | | (1,161) | | Amortization of net actuarial gain included in net income | (774) | | | 201 | | | (573) | | | (1,137) | | | 291 | | | (846) | | | Settlement gain included in net income | (151,905) | | | 39,514 | | | (112,391) | | | — | | | — | | | — | | | | | | | | | | | | | | | | (198,981) | | | 51,760 | | | (147,221) | | | (2,697) | | | 690 | | | (2,007) | | | Cash flow hedges: | | | | | | | | | | | | | Gain (loss) for the period | 2,236 | | | (579) | | | 1,657 | | | (979) | | | 254 | | | (725) | | | Other Comprehensive (Loss) Income | $ | (193,384) | | | $ | 51,181 | | | $ | (142,203) | | | $ | 35,293 | | | $ | 944 | | | $ | 36,237 | |
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 | (2,814) | | | (33,156) | | | 1,159 | | | (34,811) | | Net amount reclassified from accumulated other comprehensive income (loss) | 6,175 | | | (114,065) | | | 498 | | | (107,392) | | | Net other comprehensive (loss) income | 3,361 | | | (147,221) | | | 1,657 | | | (142,203) | | | As of September 30, 2026 | $ | (8,901) | | | $ | 453,843 | | | $ | (65) | | | $ | 444,877 | |
The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30 | | Nine Months Ended
September 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 | | | Other (expense) income, net | | | | | | | | | | | | Pension and Other Postretirement Plans: | | | | | | | | | | | Amortization of net prior service credit | (496) | | | (520) | | | (1,489) | | | (1,560) | | | (1) | | Amortization of net actuarial gain | (258) | | | (378) | | | (774) | | | (1,137) | | | (1) | | Settlement gain | (14,950) | | | — | | | (151,905) | | | — | | | (1) | | | (15,704) | | | (898) | | | (154,168) | | | (2,697) | | | Before tax | | | 4,085 | | | 229 | | | 40,103 | | | 690 | | | Provision for Income Taxes | | | (11,619) | | | (669) | | | (114,065) | | | (2,007) | | | Net of Tax | | | | | | | | | | | | Cash Flow Hedges | 164 | | | 61 | | | 498 | | | 182 | | | Interest expense | | | | | | | | | | | | | | | | | | | | | | Total reclassification for the period | $ | (11,455) | | | $ | (608) | | | $ | (107,392) | | | $ | (1,179) | | | 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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