Accumulated Other Comprehensive Earnings (Loss)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Earnings (Loss)

Accumulated Other Comprehensive Earnings (Loss)

Note 8 — Accumulated Other Comprehensive Earnings (Loss)

Accumulated Other Comprehensive Earnings (Loss) consists of the following components:

											Accumulated
	Foreign				Foreign				Postretirement		Other
	Currency				Currency		Commodity		and Pension		Comprehensive
	Translation		Investments		Derivatives		Derivatives		Benefits		Earnings (Loss)
Balance at June 30, 2019	$	(23,563)	$	494	$	(13)	$	(84)	$	3,629	$	(19,537)
Other comprehensive earnings (loss) before reclassifications		(353)		278		(105)		(268)		-		(448)
Reclassifications from accumulated other comprehensive loss		-		26		25		270		(288)		33
Other comprehensive earnings (loss) net of tax		(353)		304		(80)		2		(288)		(415)
Balance at September 30, 2019	$	(23,916)	$	798	$	(93)	$	(82)	$	3,341	$	(19,952)
Balance at June 30, 2018	$	(24,324)	$	(2,027)	$	-	$	(685)	$	3,535	$	(23,501)
Other comprehensive earnings (loss) before reclassifications		1,164		158		134		(568)		-		888
Reclassifications from accumulated other comprehensive loss		-		-		-		602		(250)		352
Other comprehensive earnings (loss) net of tax		1,164		158		134		34		(250)		1,240
Adoption of ASU 2018-02		-		-		-		-		-		-
Balance at September 30, 2018	$	(23,160)	$	(1,869)	$	134	$	(651)	$	3,285	$	(22,261)
Balance at December 31, 2018	$	(24,159)	$	(1,516)	$	(309)	$	(444)	$	4,206	$	(22,222)
Other comprehensive earnings (loss) before reclassifications		243		2,288		191		(104)		-		2,618
Reclassifications from accumulated other comprehensive loss		-		26		25		466		(865)		(348)
Other comprehensive earnings (loss) net of tax		243		2,314		216		362		(865)		2,270
Balance at September 30, 2019	$	(23,916)	$	798	$	(93)	$	(82)	$	3,341	$	(19,952)
Balance at December 31, 2017	$	(24,262)	$	(889)	$	51	$	20	$	3,289	$	(21,791)
Other comprehensive earnings (loss) before reclassifications		1,102		(812)		125		(1,961)		-		(1,546)
Reclassifications from accumulated other comprehensive loss		-		-		(51)		1,286		(752)		483
Other comprehensive earnings (loss) net of tax		1,102		(812)		74		(675)		(752)		(1,063)
Adoption of ASU 2018-02		-		(168)		9		4		748		593
Balance at September 30, 2018	$	(23,160)	$	(1,869)	$	134	$	(651)	$	3,285	$	(22,261)

The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:

Details about Accumulated Other	Quarter Ended				Year to Date Ended				Location of (Gain) Loss
Comprehensive Income Components	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018		Recognized in Earnings
Investments	$	34	$	-	$	34	$	-	Other income, net
Foreign currency derivatives		33		-		33		(67)	Other income, net
Commodity derivatives		357		795		615		1,697	Product cost of goods sold
Postretirement and pension benefits		(380)		(331)		(1,141)		(993)	Other income, net
Total before tax		44		464		(459)		637
Tax (expense) benefit		(11)		(112)		111		(154)
Net of tax	$	33	$	352	$	(348)	$	483