Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive (Loss) Income

Changes in the components of accumulated other comprehensive (loss) income, including amounts reclassified out, for 2021, 2020, and 2019, and the balances in accumulated other comprehensive (loss) income as of December 31, 2021, 2020, and 2019 are as follows:


	Gains and Losses On Cash Flow Hedges								Pension and Post- Employment Benefits		Foreign Currency Translation
(Thousands)	Foreign Currency		Precious Metals		Copper		Total						Total
Balance at December 31, 2018	$	1,263	$	79	$	(441)	$	901	$	(54,543)	$	(4,592)	$	(58,234)
Other comprehensive income (loss) before reclassifications	108		(1,285)		209		(968)		9,085		(421)		7,696
Amounts reclassified from accumulated other comprehensive income	(29)		595		393		959		8,853		—		9,812
Other comprehensive income (loss) before tax	79		(690)		602		(9)		17,938		(421)		17,508
Deferred taxes on current period activity	18		(159)		136		(5)		4,741		—		4,736
Other comprehensive income (loss) after tax	61		(531)		466		(4)		13,197		(421)		12,772
Balance at December 31, 2019	$	1,324	$	(452)	$	25	$	897	$	(41,346)	$	(5,013)	$	(45,462)

Balance at December 31, 2019	$	1,324	$	(452)	$	25	$	897	$	(41,346)	$	(5,013)	$	(45,462)
Other comprehensive income (loss) before reclassifications	(1,268)		(1,675)		218		(2,725)		(2,721)		9,030		3,584
Amounts reclassified from accumulated other comprehensive income	222		2,041		354		2,617		(57)		—		2,560
Other comprehensive income (loss) before tax	(1,046)		366		572		(108)		(2,778)		9,030		6,144
Deferred taxes on current period activity	(241)		84		129		(28)		(651)		—		(679)
Other comprehensive income (loss) after tax	(805)		282		443		(80)		(2,127)		9,030		6,823
Balance at December 31, 2020	$	519	$	(170)	$	468	$	817	$	(43,473)	$	4,017	$	(38,639)

Balance at December 31, 2020	$	519	$	(170)	$	468	$	817	$	(43,473)	$	4,017	$	(38,639)
Other comprehensive income (loss) before reclassifications	2,252		508		2,444		5,204		4,428		(6,904)		2,728
Amounts reclassified from accumulated other comprehensive income	123		(193)		(3,049)		(3,119)		437		—		(2,682)
Other comprehensive income (loss) before tax	2,375		315		(605)		2,085		4,865		(6,904)		46
Deferred taxes on current period activity	546		73		(137)		482		1,094		—		1,576
Other comprehensive income (loss) after tax	1,829		242		(468)		1,603		3,771		(6,904)		(1,530)
Balance at December 31, 2021	$	2,348	$	72	$	—	$	2,420	$	(39,702)	$	(2,887)	$	(40,169)

Reclassifications of gains and losses on foreign currency cash flow hedges from accumulated other comprehensive income are recorded in Net sales in the Consolidated Statements of Income while gains and losses on precious metal cash flow hedges are recorded in Cost of sales in the Consolidated Statements of Income. Refer to Note S for additional details on cash flow hedges.

Reclassifications from accumulated other comprehensive income for pension and post-employment benefits are included in the computation of the net periodic pension and post-employment benefit expense. Refer to Note P for additional details on pension and other post-employment expenses.