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Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in AOCL, net of tax for the nine months ended September 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
(61,217
)
 
2,536

 
177

 
(58,504
)
 
85,225

 
(5,818
)
 
73

 
79,480

Amounts reclassified from AOCL
—

 
5,570

 
—

 
5,570

 
552

 
4,716

 
23

 
5,291

Net current-period other comprehensive (loss) income
(61,217
)
 
8,106

 
177

 
(52,934
)
 
85,777

 
(1,102
)
 
96

 
84,771

Balance - September 30
$
(445,996
)
 
$
(107,649
)
 
$
(913
)
 
$
(554,558
)
 
$
(397,832
)
 
$
(137,632
)
 
$
(1,142
)
 
$
(536,606
)

_______________________________________
(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 $5.0 million and $3.9 million at September 30, 2018 and 2017, respectively. Includes net investment hedge losses of $19.8 million and $19.6 million, net of deferred taxes, for the nine months ended September 30, 2018 and 2017, respectively. Amounts in parentheses indicate debits.
The following table presents the changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended September 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 - July 1
$
(426,327
)
 
$
(110,248
)
 
$
(965
)
 
$
(537,540
)
 
$
(415,506
)
 
$
(137,188
)
 
$
(1,154
)
 
$
(553,848
)
Other comprehensive (loss) income before reclassifications
(19,669
)
 
771

 
52

 
(18,846
)
 
17,674

 
(2,004
)
 
12

 
15,682

Amounts reclassified from AOCL
—

 
1,828

 
—

 
1,828

 
—

 
1,560

 
—

 
1,560

Net current-period other comprehensive (loss) income
(19,669
)
 
2,599

 
52

 
(17,018
)
 
17,674

 
(444
)
 
12

 
17,242

Balance - September 30
$
(445,996
)
 
$
(107,649
)
 
$
(913
)
 
$
(554,558
)
 
$
(397,832
)
 
$
(137,632
)
 
$
(1,142
)
 
$
(536,606
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $4.7 million and $3.9 million for July 1, 2018 and 2017, respectively, and $5.0 million and $3.9 million at September 30, 2018 and 2017, respectively. Includes net investment hedge gains of $1.5 million and losses of $6.3 million, net of deferred taxes, for the three months ended September 30, 2018 and 2017, respectively. Amounts in parentheses indicate debits.
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
The following table presents the reclassifications out of AOCL:
 
 
 
 
Three Months Ended September 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2018(1)
 
2017(1)
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
Other (expense) income, net
 
$
(2,061
)
 
$
(2,284
)
  Prior service costs(2)
 
Other (expense) income, net
 
(78
)
 
(57
)


 
Tax benefit
 
311

 
781



 
Net of tax
 
$
(1,828
)
 
$
(1,560
)

_______________________________________
(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 reclassifications out of AOCL:


 
 
 
Nine Months Ended September 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2018(1)
 
2017(1)
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
 
$
(6,231
)
 
$
(6,885
)
Prior service costs(2)
 
Other expense, net
 
(237
)
 
(172
)
 
 
Tax benefit
 
898

 
2,341

 
 
Net of tax
 
$
(5,570
)
 
$
(4,716
)

_______________________________________
(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.