Accumulated Other Comprehensive (Loss) Income:

The components and activity in Accumulated other comprehensive (loss) income (net of deferred income taxes) consisted of the following during the years ended December 31, 2017, 2016 and 2015 (in thousands):



	Foreign Currency Translation^(a)			Pension and Post-Retirement Benefits^(b)			Net Investment Hedge			Interest Rate Swap^(c)			Total
Accumulated other comprehensive (loss) income - balance at December 31, 2014	$	(52,835	)	$	—		$	11,384		$	(20,962	)	$	(62,413	)
Other comprehensive (loss) income before reclassifications	(412,997		)	(774		)	50,861			—			(362,910		)
Amounts reclassified from accumulated other comprehensive loss	27			16			—			2,101			2,144
Other comprehensive (loss) income, net of tax	(412,970		)	(758		)	50,861			2,101			(360,766		)
Other comprehensive loss attributable to noncontrolling interests	1,891			—			—			—			1,891
Accumulated other comprehensive (loss) income - balance at December 31, 2015	$	(463,914	)	$	(758	)	$	62,245		$	(18,861	)	$	(421,288	)
Other comprehensive (loss) income before reclassifications	(102,246		)	—			26,133			—			(76,113		)
Amounts reclassified from accumulated other comprehensive loss	81,421			834			—			2,116			84,371
Other comprehensive (loss) income, net of tax	(20,825		)	834			26,133			2,116			8,258
Other comprehensive loss attributable to noncontrolling interests	618			—			—			—			618
Accumulated other comprehensive (loss) income - balance at December 31, 2016	$	(484,121	)	$	76		$	88,378		$	(16,745	)	$	(412,412	)
Other comprehensive income (loss) before reclassifications	227,439			—			(41,827		)	—			185,612
Amounts reclassified from accumulated other comprehensive loss	—			(97		)	—			2,116			2,019
Other comprehensive income (loss), net of tax	227,439			(97		)	(41,827		)	2,116			187,631
Other comprehensive income attributable to noncontrolling interests	(887		)	—			—			—			(887		)
Accumulated other comprehensive (loss) income - balance at December 31, 2017	$	(257,569	)	$	(21	)	$	46,551		$	(14,629	)	$	(225,668	)

(a)

Amount reclassified from accumulated other comprehensive loss for the year ended December 31, 2016 is included in Income from discontinued operations (net of tax) for the year ended December 31, 2016 and resulted from the release of cumulative foreign currency translation adjustments into earnings upon the sale of our Chemetall Surface Treatment business which closed on December 14, 2016. See Note 3, “Divestitures,” for additional information.


(b)	The pre-tax portion of amounts reclassified from accumulated other comprehensive loss consists of amortization of prior service benefit, which is a component of pension and postretirement benefits (credit) cost. See Note 15, “Pension Plans and Other Postretirement Benefits,” for additional information.


(c)	The pre-tax portion of amounts reclassified from accumulated other comprehensive loss is included in interest expense.

The amount of income tax (expense) benefit allocated to each component of Other comprehensive income (loss) for the years ended December 31, 2017, 2016 and 2015 is provided in the following tables (in thousands):



	Foreign Currency Translation			Pension and Postretirement Benefits			Net Investment Hedge			Interest Rate Swap
2017
Other comprehensive income (loss), before tax	$	228,508		$	(96	)	$	(65,958	)	$	3,336
Income tax (expense) benefit	(1,069		)	(1		)	24,131			(1,220		)
Other comprehensive income (loss), net of tax	$	227,439		$	(97	)	$	(41,827	)	$	2,116

2016
Other comprehensive (loss) income, before tax	$	(20,849	)	$	839		$	41,209		$	3,336
Income tax benefit (expense)	24			(5		)	(15,076		)	(1,220		)
Other comprehensive (loss) income, net of tax	$	(20,825	)	$	834		$	26,133		$	2,116

2015
Other comprehensive (loss) income, before tax	$	(451,762	)	$	(751	)	$	80,746		$	3,336
Income tax benefit (expense)	38,792			(7		)	(29,885		)	(1,235		)
Other comprehensive (loss) income, net of tax	$	(412,970	)	$	(758	)	$	50,861		$	2,101