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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table presents the changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended June 30, 2018 and 2017:
 
2018
 
2017
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
 
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
Balance - April 1
$
(365,330
)
 
$
(116,065
)
 
$
(1,062
)
 
$
(482,457
)
 
$
(449,823
)
 
$
(136,046
)
 
$
(1,135
)
 
$
(587,004
)
Other comprehensive (loss) income before reclassifications
(60,997
)
 
3,788

 
97

 
(57,112
)
 
33,765

 
(2,661
)
 
(19
)
 
31,085

Amounts reclassified from AOCL
—

 
2,029

 
—

 
2,029

 
552

 
1,519

 
—

 
2,071

Net current-period other comprehensive (loss) income
(60,997
)
 
5,817

 
97

 
(55,083
)
 
34,317

 
(1,142
)
 
(19
)
 
33,156

Balance - June 30
$
(426,327
)
 
$
(110,248
)
 
$
(965
)
 
$
(537,540
)
 
$
(415,506
)
 
$
(137,188
)
 
$
(1,154
)
 
$
(553,848
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.9 million for April 1, 2018 and 2017, and $4.7 million and $3.9 million at June 30, 2018 and 2017, respectively. Includes net investment hedge gains of $12.5 million and losses of $12.5 million, net of deferred taxes, for the three months ended June 30, 2018 and 2017, respectively. Amounts in parentheses indicate debits.

The following table presents the reclassifications out of AOCL:
 
 
 
 
Three Months Ended June 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2018(1)
 
2017(1)
Foreign currency translation items
 
 
 
 
 
 
Release of cumulative translation adjustments due to
sale of business
 
Gain on sale of business
 
$
—

 
$
(552
)
 
 
Tax benefit
 
—

 
—

 
 
Net of tax
 
$
—

 
$
(552
)
 
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
Other expense, net
 
$
(1,975
)
 
$
(2,204
)
  Prior service costs(2)
 
Other expense, net
 
(78
)
 
(57
)


 
Tax benefit
 
24

 
742



 
Net of tax
 
$
(2,029
)
 
$
(1,519
)

_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 11 for additional details.
The following table presents the changes in AOCL, net of tax for the six months ended June 30, 2018 and 2017:
 
2018
 
2017
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
 
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
Balance - January 1
$
(384,779
)
 
$
(115,755
)
 
$
(1,090
)
 
$
(501,624
)
 
$
(483,609
)
 
$
(136,530
)
 
$
(1,238
)
 
$
(621,377
)
Other comprehensive (loss) income before reclassifications
(41,548
)
 
1,765

 
125

 
(39,658
)
 
67,551

 
(3,814
)
 
61

 
63,798

Amounts reclassified from AOCL
—

 
3,742

 
—

 
3,742

 
552

 
3,156

 
23

 
3,731

Net current-period other comprehensive (loss) income
(41,548
)
 
5,507

 
125

 
(35,916
)
 
68,103

 
(658
)
 
84

 
67,529

Balance - June 30
$
(426,327
)
 
$
(110,248
)
 
$
(965
)
 
$
(537,540
)
 
$
(415,506
)
 
$
(137,188
)
 
$
(1,154
)
 
$
(553,848
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.8 million and $3.4 million at January 1, 2018 and 2017, respectively, and $4.7 million and $3.9 million at June 30, 2018 and 2017, respectively. Includes net investment hedge losses of $21.3 million and $13.3 million, net of deferred taxes, for the six months ended June 30, 2018 and 2017, respectively. Amounts in parentheses indicate debits.
The following table presents the reclassifications out of AOCL:


 
 
 
Six Months Ended June 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2018(1)
 
2017(1)
Foreign currency translation items
 
 
 
 
 
 
Release of cumulative translation adjustments due to sale of business(2)
 
Gain on sale of business
 
$
—

 
$
(552
)
 
 
Tax benefit
 
—

 
—

 
 
 Net of tax
 
$
—

 
$
(552
)
 
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
Other expense, net
 
$
(4,170
)
 
$
(4,601
)
Prior service costs(2)
 
Other expense, net
 
(159
)
 
(115
)
 
 
Tax benefit
 
587

 
1,560

 
 
Net of tax
 
$
(3,742
)
 
$
(3,156
)

_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 11 for additional details.