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Accumulated Other Comprehensive (Loss) Income
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income 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 periods indicated below (in thousands):
Foreign Currency Translation
Pension and Post-Retirement Benefits(a)
Net Investment Hedge
Cash Flow Hedge(b)
Interest Rate Swap(c)
Total
Three months ended June 30, 2020
Balance at March 31, 2020$(551,242) $482  $82,859  $(46,613) $(11,975) $(526,489) 
Other comprehensive income (loss) before reclassifications62,847  —  (5,756) 37,645  —  94,736  
Amounts reclassified from accumulated other comprehensive loss—   —  —  648  656  
Other comprehensive income (loss), net of tax62,847   (5,756) 37,645  648  95,392  
Other comprehensive income attributable to noncontrolling interests(34) —  —  —  —  (34) 
Balance at June 30, 2020$(488,429) $490  $77,103  $(8,968) $(11,327) $(431,131) 
Three months ended June 30, 2019
Balance at March 31, 2019$(418,454) $(152) $75,641  $—  $(14,573) $(357,538) 
Other comprehensive income (loss) before reclassifications10,544  —  (3,037) —  —  7,507  
Amounts reclassified from accumulated other comprehensive loss—   —  —  641  647  
Other comprehensive income (loss), net of tax10,544   (3,037) —  641  8,154  
Other comprehensive income attributable to noncontrolling interests(27) —  —  —  —  (27) 
Balance at June 30, 2019$(407,937) $(146) $72,604  $—  $(13,932) $(349,411) 
Six months ended June 30, 2020
Balance at December 31, 2019$(469,210) $473  $80,778  $4,847  $(12,623) $(395,735) 
Other comprehensive loss before reclassifications(19,139) —  (3,675) (13,815) —  (36,629) 
Amounts reclassified from accumulated other comprehensive loss—  17  —  —  1,296  1,313  
Other comprehensive (loss) income, net of tax(19,139) 17  (3,675) (13,815) 1,296  (35,316) 
Other comprehensive income attributable to noncontrolling interests(80) —  —  —  —  (80) 
Balance at June 30, 2020$(488,429) $490  $77,103  $(8,968) $(11,327) $(431,131) 
Six months ended June 30, 2019
Balance at December 31, 2018$(407,646) $(159) $72,337  $—  $(15,214) $(350,682) 
Other comprehensive (loss) income before reclassifications(311) —  267  —  —  (44) 
Amounts reclassified from accumulated other comprehensive loss—  13  —  —  1,282  1,295  
Other comprehensive (loss) income, net of tax(311) 13  267  —  1,282  1,251  
Other comprehensive loss attributable to noncontrolling interests20  —  —  —  —  20  
Balance at June 30, 2019$(407,937) $(146) $72,604  $—  $(13,932) $(349,411) 
(a)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 cost (credit). See Note 12, “Pension Plans and Other Postretirement Benefits,” for additional information.
(b)We entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 13, “Fair Value of Financial Instruments,” 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 three-month and six-month periods ended June 30, 2020 and 2019 is provided in the following tables (in thousands):
Foreign Currency TranslationPension and Postretirement BenefitsNet Investment HedgeCash Flow HedgeInterest Rate Swap
Three months ended June 30, 2020
Other comprehensive income (loss), before tax$62,847  $ $(7,401) $37,645  $834  
Income tax (expense) benefit—  (1) 1,645  —  (186) 
Other comprehensive income (loss), net of tax$62,847  $ $(5,756) $37,645  $648  
Three months ended June 30, 2019
Other comprehensive income (loss), before tax$10,544  $ $(3,951) $—  $834  
Income tax benefit (expense)—  —  914  —  (193) 
Other comprehensive income (loss), net of tax$10,544  $ $(3,037) $—  $641  
Six months ended June 30, 2020
Other comprehensive (loss) income, before tax$(19,142) $18  $(4,726) $(13,815) $1,668  
Income tax benefit (expense) (1) 1,051  —  (372) 
Other comprehensive (loss) income, net of tax$(19,139) $17  $(3,675) $(13,815) $1,296  
Six months ended June 30, 2019
Other comprehensive (loss) income, before tax$(310) $13  $348  $—  $1,668  
Income tax (expense) benefit(1) —  (81) —  (386) 
Other comprehensive (loss) income, net of tax$(311) $13  $267  $—  $1,282