Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in Accumulated Other Comprehensive Loss ("AOCL"), net of tax for the three months ended June 30, 2025 and 2024:


	2025								2024
(Amounts in thousands)	Foreign currency translation items(1)		Pension and other postretirement effects		Cash flow hedging activity (2)		Total (1)		Foreign currency translation items(1) (4)		Pension and other postretirement effects		Cash flow hedging activity (2)		Total (1)
Balance - April 1	$	(584,526)	$	(115,564)	$	(723)	$	(700,813)	$	(552,117)	$	(120,506)	$	(818)	$	(673,441)
Other comprehensive income (loss) before reclassifications (3)	111,659		(3,148)		—		108,511		(27,997)		16		—		(27,981)
Amounts reclassified from AOCL	—		1,849		24		1,873		3,566		803		24		4,393
Net current-period other comprehensive income (loss) (3)	111,659		(1,299)		24		110,384		(24,431)		819		24		(23,588)
Balance - June 30	$	(472,867)	$	(116,863)	$	(699)	$	(590,429)	$	(576,548)	$	(119,687)	$	(794)	$	(697,029)

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(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $(7.3) million and $(7.2) million at April 1, 2025 and 2024, respectively, and $(7.2) million and $(7.3) million at June 30, 2025 and 2024, respectively.

(2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges.

(3) Amounts in parentheses indicate an increase to AOCL.

(4) Amounts reclassified from AOCL within foreign currency translation items had no associated tax benefit (expense) and are included within loss on sale of business in our condensed consolidated statements of income.

The following table presents the changes in AOCL, net of tax for the six months ended June 30, 2025 and 2024:


	2025								2024
(Amounts in thousands)	Foreign currency translation items(1)		Pension and other postretirement effects		Cash flow hedging activity (2)		Total (1)		Foreign currency translation items(1) (4)		Pension and other postretirement effects		Cash flow hedging activity (2)		Total (1)
Balance - January 1	$	(632,097)	$	(115,898)	$	(747)	$	(748,742)	$	(523,873)	$	(121,882)	$	(813)	$	(646,568)
Other comprehensive income (loss) before reclassifications (3)	159,230		(4,682)		—		154,548		(56,241)		531		—		(55,710)
Amounts reclassified from AOCL	—		3,717		48		3,765		3,566		1,664		19		5,249
Net current-period other comprehensive income (loss) (3)	159,230		(965)		48		158,313		(52,675)		2,195		19		(50,461)
Balance - June 30	$	(472,867)	$	(116,863)	$	(699)	$	(590,429)	$	(576,548)	$	(119,687)	$	(794)	$	(697,029)

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(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $(7.3) million and $(7.0) million at January 1, 2025 and 2024, respectively, and $(7.2) million and $(7.3) million at June 30, 2025 and 2024, respectively.

(2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges.

(3) Amounts in parentheses indicate an increase to AOCL.

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table presents the reclassifications out of AOCL:


		Three Months Ended June 30,
(Amounts in thousands)	Affected line item in the statement of income	2025(1)		2024(1)












Pension and other postretirement effects
Amortization of actuarial losses(2)	Other expense, net	$	(547)	$	(678)
Prior service costs(2)	Other expense, net	(161)		(153)
Settlements and other(2)	Other expense, net	(1,500)		—
	Tax benefit (expense)	359		28
	Net of tax	$	(1,849)	$	(803)

Cash flow hedging activity
Amortization of Treasury rate lock	Interest income (expense)	$	(31)	$	(31)
	Tax benefit (expense)	7		7
	Net of tax	$	(24)	$	(24)

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(1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

(2) These AOCL components are included in the computation of net periodic pension cost. See Note 14, "Pension and Postretirement Benefits," for additional details.

The following table presents the reclassifications out of AOCL:


		Six Months Ended June 30,
(Amounts in thousands)	Affected line item in the statement of income	2025(1)		2024(1)












Pension and other postretirement effects
Amortization of actuarial losses(2)	Other expense, net	(1,150)		(1,309)
Prior service costs(2)	Other expense, net	(313)		(306)
Settlements and other(2)	Other expense, net	(3,000)		—
	Tax benefit (expense)	746		(49)
	Net of tax	$	(3,717)	$	(1,664)

Cash flow hedging activity
Amortization of Treasury rate lock	Interest income (expense)	$	(62)	$	(62)
	Tax benefit (expense)	14		43
	Net of tax	$	(48)	$	(19)

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(1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

(2) These AOCL components are included in the computation of net periodic pension cost. See Note 14, "Pension and Postretirement Benefits," for additional details.

FLOWSERVE CORP 10-Q