| Schedule of Accumulated Other Comprehensive (Loss) Income |
The activity in AOCI for the three and nine months ended September 30, 2026 and 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In thousands) | | Opening balance - accumulated other comprehensive loss | $ | (53,889) | | | $ | (58,468) | | | $ | (63,190) | | | $ | (27,279) | | | Pension and other postretirement benefits: | | | | | | | | | Balance at beginning of period, net of tax | $ | 875 | | | $ | 800 | | | $ | 910 | | | $ | 898 | | Net loss on pension and other postretirement benefit (2) | (2,559) | | | (49) | | | (2,594) | | | (147) | | | Balance at end of period, net of tax | $ | (1,684) | | | $ | 751 | | | $ | (1,684) | | | $ | 751 | | | Foreign currency: | | | | | | | | | Balance at beginning of period, net of tax | $ | (59,360) | | | $ | (65,089) | | | $ | (68,893) | | | $ | (46,028) | | | Cumulative translation adjustment | (5,691) | | | (8,368) | | | (11,051) | | | 96,896 | | Non-derivative net investment hedges(1) | 11,070 | | | 2,992 | | | 25,963 | | | (122,107) | | Derivative net investment hedge(1) | — | | | 105 | | | — | | | (1,493) | | Reclassification of derivative net investment hedge to earnings(1) | — | | | 1,493 | | | — | | | 1,493 | | | Reclassification of accumulated CTA on SuperFrio sale proceeds | — | | | (1,579) | | | — | | | (1,579) | | | Reclassification of CTA to earnings upon sale of partially owned entity | — | | | — | | | — | | | 2,372 | | | Net gain (loss) on foreign currency translation | 5,379 | | | (5,357) | | | 14,912 | | | (24,418) | | | Balance at end of period, net of tax | $ | (53,981) | | | $ | (70,446) | | | $ | (53,981) | | | $ | (70,446) | | | Designated derivatives: | | | | | | | | | Balance at beginning of period, net of tax | $ | 4,596 | | | $ | 5,821 | | | $ | 4,793 | | | $ | 17,851 | | Cash flow hedge derivatives(1) | 935 | | | 437 | | | 5,374 | | | (13,904) | | Net amount reclassified from AOCI to earnings(1) | 132 | | | (1,367) | | | (4,504) | | | 944 | | | Net gain (loss) on designated derivatives | 1,067 | | | (930) | | | 870 | | | (12,960) | | | Balance at end of period, net of tax | $ | 5,663 | | | $ | 4,891 | | | $ | 5,663 | | | $ | 4,891 | | | Closing balance - accumulated other comprehensive loss | $ | (50,002) | | | $ | (64,804) | | | $ | (50,002) | | | $ | (64,804) | |
(1)Refer to Note 5 - Derivative Financial Instruments for details of our derivative and designated non-derivative financial instruments, including the classification on the Condensed Consolidated Statements of Operations for items reclassified from AOCI to Net income (loss). (2)Losses during the three months ended September 30, 2026 include a $0.7 million reclassification from accumulated other comprehensive income related to a pension settlement during the period.
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