Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 101

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 101
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 Amount is subject to a letter of credit backstopping the payments and contains customary confidentiality and non-disparagement provisions. The remaining amount to be paid is accrued and reflected in Other accrued liabilities in the Consolidated Balance Sheets at December 31, 2024.Russian Invasion of UkraineWe utilize a restricted party screening process completed by a third party to monitor compliance with applicable trade restrictions, including those trade restrictions implemented in response to the Russian invasion of Ukraine.OtherDue to the nature of our business, from time to time, we are involved in routine litigation or subject to disputes or claims related to our business activities, including, among other things: performance or warranty-related matters under our customer and supplier contracts and other business arrangements; and workers' compensation, premises liability and other claims. Based on prior experience, except as disclosed above, we do not expect that any of these other litigation proceedings, disputes and claims will have a material adverse effect on our consolidated financial position, results of operations or cash flows.

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NOTE 21 – ACCUMULATED OTHER COMPREHENSIVE LOSS

Gains and losses deferred in AOCI are generally reclassified and recognized in the Consolidated Statements of Operations once they are realized. The changes in the components of AOCI, net of tax, for December 31, 2024, 2023, and 2022 were as follows:(in thousands)Currency translation lossNet unrecognized loss related to benefit plans (net of tax)TotalBalance at December 31, 2021$(55,499)$(3,323)$(58,822)Other comprehensive income before reclassifications(14,834)— (14,834)Amounts reclassified from AOCI to net income— 870 870 Net other comprehensive income (14,834)870 (13,964)Balance at December 31, 2022$(70,333)$(2,453)$(72,786)Other comprehensive loss before reclassifications5,555 — 5,555 Amounts reclassified from AOCI to net income— 870 870 Net other comprehensive income (loss)5,555 870 6,425 Balance at December 31, 2023$(64,778)$(1,583)$(66,361)Other comprehensive income before reclassifications(9,459)— (9,459)Amounts reclassified from AOCI to net income (11,250)410 (10,840)Net other comprehensive income