| Schedule of Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL |
The following table presents deferred components of AOCL in equity, net of related taxes:
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| (In thousands) |
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September 2025 |
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December 2024 |
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September 2024 |
| Foreign currency translation |
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$ |
(76,673) |
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$ |
(115,505) |
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$ |
(100,996) |
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| Defined benefit pension plans |
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2,043 |
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2,119 |
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2,702 |
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| Derivative financial instruments |
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(119) |
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(3,264) |
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(11,349) |
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| Accumulated other comprehensive loss |
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$ |
(74,749) |
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$ |
(116,650) |
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$ |
(109,643) |
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The following tables present changes in AOCL, net of related tax impact:
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Three Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2025 |
$ |
(84,456) |
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$ |
2,069
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$ |
(7,213) |
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$ |
(89,600) |
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| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
7,783 |
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— |
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6,840 |
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14,623 |
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| Reclassifications to net income of previously deferred (gains) losses |
— |
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(26) |
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254 |
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228 |
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| Net other comprehensive income (loss) |
7,783 |
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(26) |
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7,094 |
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14,851 |
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| Balance, September 2025 |
$ |
(76,673) |
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$ |
2,043
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$ |
(119) |
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$ |
(74,749) |
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Three Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2024 |
$ |
(102,726) |
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$ |
2,773
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$ |
5,017
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$ |
(94,936) |
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| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
1,730 |
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— |
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(12,001) |
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(10,271) |
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| Reclassifications to net income of previously deferred (gains) losses |
— |
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(71) |
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(4,365) |
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(4,436) |
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| Net other comprehensive income (loss) |
1,730 |
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(71) |
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(16,366) |
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(14,707) |
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| Balance, September 2024 |
$ |
(100,996) |
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$ |
2,702
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$ |
(11,349) |
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$ |
(109,643) |
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Nine Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, December 2024 |
$ |
(115,505) |
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$ |
2,119
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$ |
(3,264) |
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$ |
(116,650) |
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| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
38,832 |
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— |
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1,114 |
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39,946 |
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| Reclassifications to net income of previously deferred (gains) losses |
— |
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(76) |
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2,031 |
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1,955 |
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| Net other comprehensive income (loss) |
38,832 |
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(76) |
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3,145 |
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41,901 |
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| Balance, September 2025 |
$ |
(76,673) |
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$ |
2,043
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$ |
(119) |
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$ |
(74,749) |
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Nine Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, December 2023 |
$ |
(91,057) |
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$ |
2,913
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$ |
20,293
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$ |
(67,851) |
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| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
(9,939) |
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— |
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(14,174) |
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(24,113) |
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| Reclassifications to net income of previously deferred (gains) losses |
— |
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(211) |
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(17,468) |
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(17,679) |
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| Net other comprehensive income (loss) |
(9,939) |
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(211) |
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(31,642) |
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(41,792) |
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| Balance, September 2024 |
$ |
(100,996) |
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$ |
2,702
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$ |
(11,349) |
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$ |
(109,643) |
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| Schedule of Reclassification Out of AOCL |
The following table presents reclassifications out of AOCL:
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| (In thousands) |
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Three Months Ended September |
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Nine Months Ended September |
Details About Accumulated Other Comprehensive Loss Reclassifications |
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Affected Line Item in the Financial Statements |
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2025 |
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2024 |
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2025 |
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2024 |
| Defined benefit pension plans: |
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| Net change in deferred gains (losses) during the period |
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Selling, general and administrative expenses |
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$ |
35 |
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$ |
96 |
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$ |
101 |
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$ |
281 |
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| Total before tax |
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35 |
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96 |
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101 |
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281 |
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| Income taxes |
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Income taxes |
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(9) |
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(25) |
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(25) |
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(70) |
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| Net of tax |
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26 |
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71 |
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76 |
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211 |
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| Gains (losses) on derivative financial instruments: |
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| Foreign currency exchange contracts |
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Net revenues |
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$ |
(49) |
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$ |
(402) |
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$ |
(1,037) |
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$ |
(1,564) |
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| Foreign currency exchange contracts |
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Cost of goods sold |
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(1,051) |
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4,635 |
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(2,650) |
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16,216 |
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| Foreign currency exchange contracts |
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Other (expense) income, net |
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(241) |
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71 |
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(9) |
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238 |
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| Interest rate swap agreements |
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Interest expense |
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1,544 |
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75 |
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2,725 |
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3,375 |
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| Total before tax |
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203 |
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4,379 |
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(971) |
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18,265 |
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| Income taxes |
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Income taxes |
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(457) |
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(14) |
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(1,060) |
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(797) |
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| Net of tax |
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(254) |
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4,365 |
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(2,031) |
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17,468 |
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| Total reclassifications for the period, net of tax |
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$ |
(228) |
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$ |
4,436
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$ |
(1,955) |
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$ |
17,679
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