Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2020

Components and Activity in Accumulated Other Comprehensive (Loss) Income, Net of Deferred Income Taxes

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, 2020, 2019 and 2018 (in thousands):


	Foreign Currency Translation		Pension and Post-Retirement Benefits(a)		Net Investment Hedge		Cash Flow Hedge(b)		Interest Rate Swap(c)		Total
Balance at December 31, 2017	$	(257,569)	$	(21)	$	46,551	$	—	$	(14,629)	$	(225,668)
Other comprehensive (loss) income before reclassifications	(150,258)		—		15,695		—		—		(134,563)
Amounts reclassified from accumulated other comprehensive loss(d)	—		(138)		10,091		—		(585)		9,368
Other comprehensive income (loss), net of tax	(150,258)		(138)		25,786		—		(585)		(125,195)
Other comprehensive loss attributable to noncontrolling interests	181		—		—		—		—		181
Balance at December 31, 2018	$	(407,646)	$	(159)	$	72,337	$	—	$	(15,214)	$	(350,682)
Other comprehensive (loss) income before reclassifications	(62,031)		576		8,441		4,847		—		(48,167)
Amounts reclassified from accumulated other comprehensive loss	—		56		—		—		2,591		2,647
Other comprehensive (loss) income, net of tax	(62,031)		632		8,441		4,847		2,591		(45,520)
Other comprehensive loss attributable to noncontrolling interests	467		—		—		—		—		467
Balance at December 31, 2019	$	(469,210)	$	473	$	80,778	$	4,847	$	(12,623)	$	(395,735)
Other comprehensive income (loss) before reclassifications	100,389		(580)		(34,185)		1,602		—		67,226
Amounts reclassified from accumulated other comprehensive loss	—		23		—		—		2,601		2,624
Other comprehensive income (loss), net of tax	100,389		(557)		(34,185)		1,602		2,601		69,850
Other comprehensive income attributable to noncontrolling interests	(247)		—		—		—		—		(247)
Balance at December 31, 2020	$	(369,068)	$	(84)	$	46,593	$	6,449	$	(10,022)	$	(326,132)

(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 15, “Pension Plans and Other Postretirement Benefits,” for additional information.

(b)We entered into a foreign currency forward contract in the fourth quarter of 2019, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 22, “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.

(d)Amounts reclassified from accumulated other comprehensive loss include a net benefit of $6.9 million, which was reclassified to Retained earnings for stranded tax effects caused by the TCJA.

Amount of Income Tax (Expense) Benefit Allocated to Component of Other Comprehensive (Loss) Income

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018 is provided in the following tables (in thousands):


	Foreign Currency Translation		Pension and Postretirement Benefits		Net Investment Hedge		Cash Flow Hedge		Interest Rate Swap
2020
Other comprehensive income (loss), before tax	$	100,389	$	(679)	$	(43,826)	$	1,602	$	3,336
Income tax benefit (expense)	—		122		9,641		—		(735)
Other comprehensive income (loss), net of tax	$	100,389	$	(557)	$	(34,185)	$	1,602	$	2,601

2019
Other comprehensive (loss) income, before tax	$	(62,030)	$	633	$	10,867	$	4,847	$	3,336
Income tax expense	(1)		(1)		(2,426)		—		(745)
Other comprehensive (loss) income, net of tax	$	(62,031)	$	632	$	8,441	$	4,847	$	2,591

2018
Other comprehensive (loss) income, before tax	$	(150,262)	$	(128)	$	20,424	$	—	$	3,336
Income tax benefit (expense)	4		(10)		5,362		—		(3,921)
Other comprehensive (loss) income, net of tax	$	(150,258)	$	(138)	$	25,786	$	—	$	(585)