FRANKLIN ELECTRIC CO INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Accumulated Other Comprehensive Income/(Loss)
- ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
Changes in accumulated other comprehensive income/(loss), net of tax, by component are summarized below:
| (In millions) | Foreign Currency Translation Adjustments | Pension and Post-Retirement Plan Benefit Adjustments | Total |
|---|---|---|---|
| Balance, December 31, 2022 | $(191.3) | $(40.1) | $(231.4) |
| Other comprehensive income/(loss) before reclassifications(1) | 12.0 | (3.3) | 8.7 |
| Amounts reclassified from accumulated other comprehensive income/(loss) (2)(3) | — | 1.6 | 1.6 |
| Net other comprehensive income/(loss) | 12.0 | (1.7) | 10.3 |
| Balance, December 31, 2023 | $(179.3) | $(41.8) | $(221.1) |
| Other comprehensive income/(loss) before reclassifications(1) | (35.7) | 1.1 | (34.6) |
| Amounts reclassified from accumulated other comprehensive income/(loss) (2)(3) | — | 1.7 | 1.7 |
| Net other comprehensive income/(loss) | (35.7) | 2.8 | (32.9) |
| Balance, December 31, 2024 | $(215.0) | $(39.0) | $(254.0) |
| Other comprehensive income/(loss) before reclassifications(1) | 48.8 | 5.6 | 54.4 |
| Amounts reclassified from accumulated other comprehensive income/(loss) (2)(3) | — | 0.6 | 0.6 |
| Pension settlement, net of tax(4) | — | 41.5 | 41.5 |
| Net other comprehensive income/(loss) | 48.8 | 47.7 | 96.5 |
| Balance, December 31, 2025 | $(166.2) | $8.7 | $(157.5) |
(1) Net of tax (benefit)/expense of $2.0 million, $0.3 million and $(1.1) million for 2025, 2024, and 2022, respectively.
(2) This accumulated other comprehensive income/(loss) component is included in the computation of net periodic pension cost (refer to Note 10 - Employee Benefit Plans for additional details) and is included in the “Other income, net” line of the Company’s consolidated statements of income.
(3) Net of tax expense of $0.2 million, $0.6 million and $0.5 million for 2025, 2024, and 2023, respectively
(4) Net of tax expense of $13.5 million for 2025.
Amounts related to noncontrolling interests were not material.
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