XML 21 R11.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following tables present the changes in accumulated other comprehensive loss by component for the six months ended June 30:
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and Other Post-Retirement Benefits
 
Cash Flow and Net Investment Hedges
 
Foreign Currency Translation
 
Total
Beginning balance, January 1, 2019
$
(626,322
)
 
$
10,726

 
$
(499,482
)
 
$
(1,115,078
)
Other comprehensive income before reclassifications, net of tax
—

 
(835
)
 
10,944

 
10,109

Amounts reclassified from accumulated other comprehensive loss, net of tax (1)
9,665

 
(4,386
)
 
27,037

 
32,316

Other comprehensive income, net of income taxes
9,665

 
(5,221
)
 
37,981

 
42,425

Cumulative effect from adoption of ASU 2018-02
(122,526
)
 
—

 
—

 
(122,526
)
Ending balance, June 30, 2019
$
(739,183
)
 
$
5,505

 
$
(461,501
)
 
$
(1,195,179
)
(1)
Realized currency losses of $27,037 were reclassified out of foreign currency translation into earnings in connection with the March 7, 2019 sale of Grupo Auto Todo. Refer to the acquisitions and divestitures footnote for further details.
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and Other Post-Retirement Benefits
 
Cash Flow and Net Investment Hedges
 
Foreign Currency Translation
 
Total
Beginning balance, January 1, 2018
$
(568,957
)
 
$
(17,388
)
 
$
(266,247
)
 
$
(852,592
)
Other comprehensive loss before reclassifications, net of tax
—

 
16,045

 
(121,113
)
 
(105,068
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
14,309

 
—

 
—

 
14,309

Other comprehensive loss, net of income taxes
14,309

 
16,045

 
(121,113
)
 
(90,759
)
Ending balance, June 30, 2018
$
(554,648
)
 
$
(1,343
)
 
$
(387,360
)
 
$
(943,351
)

The accumulated other comprehensive loss components related to the pension benefits are included in the computation of net periodic benefit income in the employee benefit plans footnote. The nature of the cash flow and net investment hedges are discussed in the derivatives and hedging footnote. Generally, tax effects in accumulated other comprehensive loss are established at the
currently enacted tax rate and reclassified to net income in the same period that the related pre-tax accumulated other comprehensive loss reclassifications are recognized.