Page 124 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)
The components of the changes in accumulated other comprehensive loss and related cumulative noncurrent deferred tax assets
are as follows:
Pension and
Postretirement Foreign
years ended December 31 Benefit Plans Currency Total
(in millions) 2023
Accumulated other comprehensive loss at beginning of period $ (36.5) $ (2.0) $ (38.5)
Other comprehensive (loss) earnings before
reclassifications, net of tax (15.7) 0.8 (14.9)
Amounts reclassified from accumulated other
comprehensive loss, net of tax 4.2 — 4.2
Other comprehensive (loss) earnings, net of tax (11.5) 0.8 (10.7)
Accumulated other comprehensive loss at end of period $ (48.0) $ (1.2) $ (49.2)
Cumulative noncurrent deferred tax assets at end of period $ 53.8 $ — $ 53.8

2022
Accumulated other comprehensive loss at beginning of period $ (97.6) $ — $ (97.6)
Other comprehensive earnings (loss) before
reclassifications, net of tax 51.6 (2.0) 49.6
Amounts reclassified from accumulated other
comprehensive loss, net of tax 9.5 — 9.5
Other comprehensive earnings (loss), net of tax 61.1 (2.0) 59.1
Accumulated other comprehensive loss at end of period $ (36.5) $ (2.0) $ (38.5)
Cumulative noncurrent deferred tax assets at end of period $ 50.1 $ — $ 50.1

2021
Accumulated other comprehensive loss at beginning of period $ (158.1) $ (0.3) $ (158.4)
Other comprehensive earnings before reclassifications,
net of tax 51.3 0.3 51.6
Amounts reclassified from accumulated other
comprehensive loss, net of tax 9.2 — 9.2
Other comprehensive earnings, net of tax 60.5 0.3 60.8
Accumulated other comprehensive loss at end of period $ (97.6) $ — $ (97.6)
Cumulative noncurrent deferred tax assets at end of period $ 69.7 $ — $ 69.7

Reclassifications out of accumulated other comprehensive loss are as follows:
Affected line items in the
years ended December 31 consolidated statements of
(in millions) 2023 2022 2021 earnings
nsion and postretirement benefit plans:
Settlement charge $ — $ 4.6 $ —
Amortization of:
Prior service cost 5.6 4.0 —
Actuarial loss — 3.7 12.1
6 12.3 12.1 Other nonoperating income, net
Tax effect (1.4) (2.8) (2.9) Income tax expense
Total $ 4.2 $ 9.5 $ 9.2

ge 22 ♦ 2023 Annual Report