Accumulated other comprehensive loss (Tables)

12 Months Ended

Dec. 31, 2019

Accumulated other comprehensive income Loss and Changes in Accumulated other comprehensive loss, net of tax

The following table summarizes the components of accumulated other comprehensive loss and the changes in accumulated other comprehensive loss, net of tax as applicable, for the years ended December 31, 2019 and 2018:


	Foreign Currency Items		Defined Benefit Pension Items		Gains and Losses on Cash Flow Hedges		Accumulated Other Comprehensive Loss
Balance at December 31, 2017	$	(198,495)	$	(467,136)	$	(641)	$	(666,272)
Other comprehensive income/(loss) before reclassifications	(53,504)		(50,232)		(1,380)		(105,116)
Amounts reclassified from accumulated other comprehensive loss to net income	897		29,988		71		30,956
Amounts reclassified from accumulated other comprehensive loss to fixed assets	—		—		(305)		(305)
Other comprehensive income/(loss)	(52,607)		(20,244)		(1,614)		(74,465)
Amounts reclassified from accumulated other comprehensive loss to retained earnings	—		—		(176)		(176)
Balance at December 31, 2018	$	(251,102)	$	(487,380)	$	(2,431)	$	(740,913)
Other comprehensive income/(loss) before reclassifications	9,108		(111,493)		2,061		(100,324)
Amounts reclassified from accumulated other comprehensive loss to net income	—		24,460		81		24,541
Amounts reclassified from accumulated other comprehensive loss to fixed assets	—		—		(107)		(107)
Other comprehensive income/(loss)	9,108		(87,033)		2,035		(75,890)

Balance at December 31, 2019	$	(241,994)	$	(574,413)	$	(396)	$	(816,803)

Reclassification out of accumulated other comprehensive income

The following table summarizes the amounts reclassified from accumulated other comprehensive loss and the affected line items in the consolidated statements of net income for the years ended December 31, 2019 and 2018:



Details about Accumulated Other Comprehensive Loss Components	Twelve Months Ended December 31, 2019		Twelve Months Ended December 31, 2018		Affected Line Item in the Consolidated Statements of Net Income
Foreign currency items
Amounts reclassified to net income	$	—	$	(897)	Selling, general and administrative expenses
	—		(897)

Defined benefit pension items (see Note 13)
Effect of settlement loss	(2,377)		(730)		Non-operating pension cost
Effect of curtailment loss	—		(256)		Non-operating pension cost
Amortization of defined benefit pension items	(30,382)		(36,689)		Non-operating pension cost
	(32,759)		(37,675)
	8,299		7,687		Provision for income taxes
	(24,460)		(29,988)		Net income

Gains and losses on cash flow hedges (see Note 10)
Foreign exchange contracts	1,381		(203)		Net Sales
Foreign exchange contracts	(1,758)		(20)		Cost of sales
Commodity contracts	270		115		Cost of sales
	(107)		(108)		Income before income taxes
	26		37		Provision for income taxes
	(81)		(71)		Net income

Total reclassifications for the period	$	(24,541)	$	(30,956)	Net income

Schedule of other comprehensive loss components

The following table summarizes the tax (expense) benefit amounts for the other comprehensive loss components for the years ended December 31, 2019 and 2018:


	For the year ended December 31, 2019										For the year ended December 31, 2018
	Before Tax Amount		Tax (Expense) Benefit		After Tax Amount		Before Tax Amount		Tax (Expense) Benefit		After Tax Amount
Foreign currency items:
Other comprehensive income/(loss) before reclassifications	$	9,108	$	—	$	9,108	$	(53,504)	$	—	$	(53,504)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income	—		—		—		897		—		897
Gains and losses on foreign currency items:	9,108		—		9,108		(52,607)		—		(52,607)
Defined benefit pension items:
Other comprehensive income/(loss) before reclassifications	(147,948)		36,455		(111,493)		(63,259)		13,027		(50,232)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income	32,759		(8,299)		24,460		37,675		(7,687)		29,988
Net other comprehensive income/(loss) from defined benefit pension items	(115,189)		28,156		(87,033)		(25,584)		5,340		(20,244)
Gains and losses on cash flow hedges:
Other comprehensive income/(loss) before reclassifications	2,711		(650)		2,061		(2,096)		716		(1,380)
Amounts reclassified from accumulated other comprehensive income/(loss) to net income	107		(26)		81		108		(37)		71
Amounts reclassified from accumulated other comprehensive income/(loss) to fixed assets	(107)		—		(107)		(305)		—		(305)
Net other comprehensive income/(loss) from cash flow hedges	2,711		(676)		2,035		(2,293)		679		(1,614)
Other comprehensive income/(loss)	$	(103,370)	$	27,480	$	(75,890)	$	(80,484)	$	6,019	$	(74,465)

The change in defined benefit plans includes pretax changes of $(781) and $(71) during the years ended December 31, 2019 and 2018, related to one of the Company’s equity method investments.