Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2020

The following tables present the changes in accumulated other comprehensive loss (“AOCL”) 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 Hedges		Foreign Currency Translation		Total
Beginning balance, January 1, 2020	$	(704,415)	$	(20,671)	$	(416,222)	$	(1,141,308)
Other comprehensive loss before reclassifications	—		(21,046)		(82,370)		(103,416)
Amounts reclassified from accumulated other comprehensive loss	16,292		4,704		11,356		32,352
Other comprehensive income (loss), net of income taxes	16,292		(16,342)		(71,014)		(71,064)
Ending balance, June 30, 2020	$	(688,123)	$	(37,013)	$	(487,236)	$	(1,212,372)


	Changes in Accumulated Other Comprehensive Loss by Component
	Pension and Other Post-Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation		Total
Beginning balance, January 1, 2019	$	(626,322)	$	(4,631)	$	(484,125)	$	(1,115,078)
Other comprehensive income (loss) before reclassifications	—		(10,827)		20,936		10,109
Amounts reclassified from accumulated other comprehensive loss (1)	9,665		(4,386)		27,037		32,316
Other comprehensive income (loss), net of income taxes	9,665		(15,213)		47,973		42,425
Cumulative effect from adoption of ASU 2018-02	(122,526)		—		—		(122,526)
Ending balance, June 30, 2019	$	(739,183)	$	(19,844)	$	(436,152)	$	(1,195,179)

(1) Amount includes realized currency losses of $27,037 that 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, divestitures and discontinued operations footnote for further details.

The AOCL 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 hedges are discussed in the derivatives and hedging footnote. Generally, tax effects in AOCL are established at the currently enacted tax rate and reclassified to net (loss) income in the same period that the related pre-tax AOCL reclassifications are recognized.