Other Comprehensive Earnings

12 Months Ended

Dec. 31, 2018

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Income, Noncontrolling Interest [Text Block]

17. Other Comprehensive Earnings (Loss)

The amounts recognized in other comprehensive earnings (loss) were as follows:

Year Ended December 31, 2018	Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	(69,468)	$	9,498	$	(59,970)
Pension and other postretirement benefit plans	(14,379)		$	3,241	$	(11,138)
Changes in fair value of cash flow hedges	3,416		$	(717)	$	2,699
Total other comprehensive (loss) earnings	$	(80,431)	$	12,022	$	(68,409)

Year Ended December 31, 2017	Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	103,214	$	43,842	$	147,056
Pension and other post-retirement benefit plans	28,784		(7,397)		21,387
Changes in fair value of cash flow hedges	(3,678)		1,287		(2,391)
Other	(1,687)		202		(1,485)
Total other comprehensive earnings	$	126,633	$	37,934	$	164,567

Year Ended December 31, 2016	Pre-tax		Tax		Net of tax
Foreign currency translation adjustments	$	(86,876)	$	(18,827)	$	(105,703)
Pension and other postretirement benefit plans	5,936		(4,560)		1,376
Changes in fair value of cash flow hedges	860		(301)		559
Other	(1,119)		134		(985)
Total other comprehensive loss	$	(81,199)	$	(23,554)	$	(104,753)

The components of accumulated other comprehensive  earnings (loss) are as follows:

	December 31, 2018		December 31, 2017
Cumulative foreign currency translation adjustments	$	(142,567)	$	(93,925)
Pension and other postretirement benefit plans	(102,932)		(100,538)
Changes in fair value of cash flow hedges and other	2,403		(296)
	$	(243,096)	$	(194,759)

Total comprehensive earnings (loss) were as follows:

	Years Ended December 31,
	2018		2017		2016
Net earnings	$	570,267	$	811,665	$	508,892
Other comprehensive (loss) earnings	(68,409)		164,567		(104,753)
Comprehensive earnings	$	501,858	$	976,232	$	404,139

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2018, 2017 and 2016 were as follows:

	Years Ended December 31,
	2018		2017		2016
Pension and other postretirement benefit plans:
Amortization of actuarial losses	$	4,893	$	7,735	$	8,544
Amortization of prior service costs and transition obligation	3,631		4,424		6,609
Settlement and curtailment	12,565		(3,844)		—
Total before tax	21,089		8,315		15,153
Tax benefit	(4,459)		(2,503)		(5,073)
Net of tax	$	16,630	$	5,812	$	10,080
Cash flow hedges:
Net losses (gains) reclassified into earnings	$	1,950	$	(908)	$	638
Tax (benefit) expense	$	(409)	318		(223)
Net of tax	$	1,541	$	(590)	$	415

The Company recognizes net periodic benefit cost, which includes amortization of net actuarial losses, prior service costs and transition obligation, in both selling, general and administrative expenses and cost of goods and services in the Consolidated Statements of Earnings, depending on the functional area of the underlying employees included in the plans.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses in the Consolidated Statements of Earnings.