Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

The after-tax changes in accumulated other comprehensive income (loss), are as follows:


	Foreign currency translation adjustment		Pension and post-retirement benefits plans		Derivative instruments		Accumulated other comprehensive income (loss)
Balance - December 31, 2024	$	(30,662)	$	(11,459)	$	(1,222)	$	(43,343)
Net current period change	8,511		8		5,416		13,935
Amounts reclassified into earnings	—		108		356		464

Balance - September 30, 2025	$	(22,151)	$	(11,343)	$	4,550	$	(28,944)


	Foreign currency translation adjustment		Pension and post-retirement benefit plans		Derivative instruments		Accumulated other comprehensive income (loss)
Balance - December 31, 2023	$	(23,227)	$	(11,896)	$	4,839	$	(30,284)
Net current period change	(1,157)		(1,006)		(4,442)		(6,605)
Amounts reclassified into earnings	—		324		(1,159)		(835)

Balance - September 30, 2024	$	(24,384)	$	(12,578)	$	(762)	$	(37,724)

The related tax effects allocated to each component of other comprehensive income (loss) are as follows:



	Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
	Before Tax Amount		Tax Expense		After Tax Amount		Before Tax Amount		Tax Expense		After Tax Amount
Net current period change
Cumulative translation adjustment	$	145	$	—	$	145	$	8,511	$	—	$	8,511
Net actuarial gain (loss) and prior service credit	84		—		84		8		—		8
Derivative instruments	1,242		—		1,242		6,220		(804)		5,416
Net unrealized gain (loss)	1,471		—		1,471		$	14,739	$	(804)	$	13,935
Amounts reclassified into earnings:
Actuarial gain and prior service cost	(1)		—		(1)		$	108	$	—	$	108
Derivative instruments	(1,445)		—		(1,445)		356		—		356
Net realized gain	(1,446)		—		(1,446)		$	464	$	—	$	464
Total other comprehensive income (loss)	$	25	$	—	$	25	$	15,203	$	(804)	$	14,399


	Three Months Ended September 30, 2024						Nine Months Ended September 30, 2024
	Before Tax Amount		Tax Expense		After Tax Amount		Before Tax Amount		Tax Expense		After Tax Amount
Net current period change
Cumulative translation adjustment	$	2,699	$	—	$	2,699	$	(1,157)	$	—	$	(1,157)
Net actuarial gain (loss) and prior service credit	64		1		65		(1,009)		3		(1,006)
Derivative instruments	(5,807)		1,510		(4,297)		(5,939)		1,497		(4,442)
Net unrealized gain (loss)	(3,044)		1,511		(1,533)		$	(8,105)	$	1,500	$	(6,605)
Amounts reclassified into earnings:
Actuarial gain and prior service cost	111		—		111		$	324	$	—	$	324
Derivative instruments	867		(228)		639		(1,503)		344		(1,159)
Net realized gain (loss)	978		(228)		750		(1,179)		344		(835)
Total other comprehensive income (loss)	$	(2,066)	$	1,283	$	(783)	$	(9,284)	$	1,844	$	(7,440)

As of September 30, 2025, the Company estimates that net pre-tax derivative income of $2.7 million included in accumulated other comprehensive income (loss) will be reclassified into earnings within the next 12 months.

Commercial Vehicle Group, Inc. 10-Q