XML 31 R18.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 summary sets forth the components of accumulated other comprehensive loss, net of tax:
 
 
Currency
Translation
Adjustments and Other
 
Net Actuarial
Loss (1)
 
Prior Service (Cost)/
Credit (1)
 
Accumulated
Other
Comprehensive
Loss
 
 
(In thousands)
December 31, 2018
 
$
(199,713
)
 
(700,384
)
 
(11,537
)
 
(911,634
)
Amortization
 

 
11,173

 
277

 
11,450

Other current period change
 
7,999

 
(7,203
)
 

 
796

June 30, 2019
 
$
(191,714
)
 
(696,414
)
 
(11,260
)
 
(899,388
)

 
 
Currency
Translation
Adjustments and Other
 
Net Actuarial
Loss (1)
 
Prior Service
Credit (1)
 
Accumulated
Other
Comprehensive
Loss
 
 
(In thousands)
December 31, 2017
 
(143,773
)
 
(560,153
)
 
(6,910
)
 
(710,836
)
Amortization
 

 
10,587

 
169

 
10,756

Other current period change
 
(28,233
)
 
(903
)
 

 
(29,136
)
Adoption of new accounting standard (2)
 

 
(98,987
)
 
(1,580
)
 
(100,567
)
June 30, 2018
 
(172,006
)
 
(649,456
)
 
(8,321
)
 
(829,783
)
_______________________ 
(1)
These amounts are included in the computation of net pension expense. See Note 13, "Employee Benefit Plans," for additional information.
(2)
Reflects the impact of adopting ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income in 2018, which resulted in a reclassification of stranded tax effects caused by the 2017 Tax Cuts and Jobs Act from accumulated other comprehensive loss to retained earnings in the Consolidated Condensed Balance Sheet.

The gain from currency translation adjustments in the six months ended June 30, 2019 of $8 million was primarily due to the strengthening Canadian Dollar against the U.S. Dollar offset by the weakening of the British Pound against the U.S. Dollar. The loss from currency translation adjustments in the six months ended June 30, 2018 of $28 million was primarily due to the weakening of the British Pound and Canadian Dollar against the U.S. Dollar.