| Pre-tax and After-tax Components of Other Comprehensive Income (Loss) |
The following tables present the tax effects of each component of other comprehensive income (loss) for the three and nine months ended September 30, 2026 and 2025, respectively:
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Three months ended September 30, |
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2026 |
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2025 |
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Pre-tax amount |
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Tax benefit/(expense) |
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After-tax amount |
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Pre-tax amount |
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Tax benefit/(expense) |
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After-tax amount |
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| Net loss from defined benefit and postretirement plans |
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$ |
(1) |
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$ |
— |
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$ |
(1) |
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$ |
(1) |
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$ |
— |
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$ |
(1) |
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| Net gain (loss) from hedging activities |
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1,807 |
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(452) |
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1,355 |
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(1,817) |
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454 |
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(1,363) |
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| Foreign currency translation |
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75 |
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— |
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|
75 |
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(1,669) |
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— |
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(1,669) |
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| Other comprehensive income (loss) |
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$ |
1,881 |
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$ |
(452) |
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$ |
1,429 |
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$ |
(3,487) |
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$ |
454 |
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$ |
(3,033) |
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Nine months ended September 30, |
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2026 |
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2025 |
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Pre-tax
amount |
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Tax benefit/
(expense) |
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After-tax amount |
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Pre-tax
amount |
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Tax benefit/
(expense) |
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After-tax amount |
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| Net gain from defined benefit and postretirement plans |
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$ |
327 |
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$ |
(82) |
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$ |
245 |
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$ |
224 |
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$ |
(55) |
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$ |
169 |
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| Net gain (loss) from hedging activities |
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4,448 |
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(1,112) |
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3,336 |
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(10,769) |
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2,692 |
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(8,077) |
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| Foreign currency translation |
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75 |
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— |
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75 |
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11,444 |
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— |
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11,444 |
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| Other comprehensive income |
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$ |
4,850 |
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$ |
(1,194) |
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$ |
3,656 |
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$ |
899 |
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$ |
2,637 |
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$ |
3,536 |
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The following tables present the changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax, by component for the nine months ended September 30, 2026 and 2025, respectively:
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Defined benefit
and other
postretirement
plans |
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Net gain (loss) from hedging activities |
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Foreign
currency
translation |
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Total |
| December 31, 2025 |
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$ |
2,450 |
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$ |
821 |
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$ |
— |
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$ |
3,271 |
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| Other comprehensive income before reclassifications |
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267 |
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4,257 |
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75 |
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4,599 |
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Amounts reclassified from AOCI(1)
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(22) |
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(921) |
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— |
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(943) |
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| Net current period other comprehensive income |
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245 |
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3,336 |
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|
75 |
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3,656 |
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| September 30, 2026 |
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$ |
2,695 |
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$ |
4,157 |
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$ |
75 |
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$ |
6,927 |
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| December 31, 2024 |
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$ |
1,467 |
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$ |
9,902 |
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$ |
(18,776) |
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$ |
(7,407) |
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| Other comprehensive income (loss) before reclassifications |
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172 |
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(3,378) |
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11,444 |
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8,238 |
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Amounts reclassified from AOCI(1)
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(3) |
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(4,699) |
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— |
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(4,702) |
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| Net current period other comprehensive income (loss) |
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169 |
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(8,077) |
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11,444 |
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3,536 |
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| September 30, 2025 |
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$ |
1,636 |
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$ |
1,825 |
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$ |
(7,332) |
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$ |
(3,871) |
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(1)See the following table for details about these reclassifications. Amounts in parentheses indicate debits.
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| Reclassifications out of Accumulated Other Comprehensive Income (Loss) |
The following table presents the reclassifications out of AOCI for the three and nine months ended September 30, 2026 and 2025, respectively:
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| Details about AOCI Components |
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Amounts reclassified from AOCI(1)
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Affected line item where
income is presented |
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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| Amortization of defined benefit and other postretirement items: |
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| Net loss |
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$ |
— |
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$ |
1 |
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$ |
30 |
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$ |
4 |
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Other expense, net(2)
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| Tax benefit |
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— |
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— |
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(8) |
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(1) |
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Provision for income taxes |
| Net of tax |
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$ |
— |
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$ |
1 |
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$ |
22 |
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$ |
3 |
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| Gains and losses on cash flow hedges: |
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| Interest rate caps |
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$ |
553 |
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$ |
2,041 |
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$ |
1,228 |
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$ |
6,266 |
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Interest expense |
| Tax benefit |
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(138) |
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(510) |
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(307) |
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(1,567) |
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Provision for income taxes |
| Net of tax |
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$ |
415 |
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$ |
1,531 |
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$ |
921 |
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$ |
4,699 |
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| Total reclassifications for the period, net of tax |
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$ |
415 |
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$ |
1,532 |
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$ |
943 |
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$ |
4,702 |
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(1)Amounts in parentheses indicate debits to profit/loss.
(2)These AOCI components are components of net periodic pension and other postretirement cost (see Note 14 to these condensed consolidated financial statements for additional details).
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