XML 32 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and 2016:
 
2017
 
2016
(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
$
(485,568
)
 
$
(136,530
)
 
$
(1,238
)
 
$
(623,336
)
 
$
(413,422
)
 
$
(120,461
)
 
$
(3,458
)
 
$
(537,341
)
Other comprehensive income (loss) before reclassifications
36,171

 
(1,152
)
 
80

 
35,099

 
33,757

 
1,060

 
529

 
35,346

Amounts reclassified from AOCL
—

 
1,636

 
23

 
1,659

 
—

 
1,726

 
114

 
1,840

Net current-period other comprehensive income
36,171

 
484

 
103

 
36,758

 
33,757

 
2,786

 
643

 
37,186

Balance - March 31
$
(449,397
)
 
$
(136,046
)
 
$
(1,135
)
 
$
(586,578
)
 
$
(379,665
)
 
$
(117,675
)
 
$
(2,815
)
 
$
(500,155
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.4 million and $2.7 million at January 1, 2017 and 2016, respectively, and $3.9 million and $3.5 million at March 31, 2017 and 2016, respectively. Includes net investment hedge losses of $0.8 million and $12.5 million, net of deferred taxes, for the three months ended March 31, 2017 and 2016, respectively. Amounts in parentheses indicate debits.

The following table presents the reclassifications out of AOCL:
 
 
Three Months Ended March 31,
(Amounts in thousands)
Affected line item in the statement of income
2017(1)
 
2016
Cash flow hedging activity
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
Sales
$
(30
)
 
$
(154
)
 
Tax benefit
7

 
40

 
 Net of tax
$
(23
)
 
$
(114
)
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
Amortization of actuarial losses(2)
 
$
(2,397
)
 
$
(2,313
)
  Prior service costs(2)
 
(57
)
 
(152
)


Tax benefit
818

 
739



Net of tax
$
(1,636
)
 
$
(1,726
)

_______________________________________
(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 9 for additional details.