Accumulated Other Comprehensive Earnings (Loss)

6 Months Ended

Jun. 30, 2021

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 March 31, 2021	$	(24,978)	$	1,116	$	572	$	508	$	1,205	$	(21,577)
Other comprehensive earnings (loss) before reclassifications		590		(283)		70		568		-		945
Reclassifications from accumulated other comprehensive loss		-		(40)		(99)		(504)		(266)		(909)
Other comprehensive earnings (loss) net of tax		590		(323)		(29)		64		(266)		36
Balance at June 30, 2021	$	(24,388)	$	793	$	543	$	572	$	939	$	(21,541)
Balance at March 31, 2020	$	(27,042)	$	55	$	(71)	$	(364)	$	1,883	$	(25,539)
Other comprehensive earnings (loss) before reclassifications		610		2,592		267		294		-		3,763
Reclassifications from accumulated other comprehensive loss		-		-		128		-		(256)		(128)
Other comprehensive earnings (loss) net of tax		610		2,592		395		294		(256)		3,635
Balance at June 30, 2020	$	(26,432)	$	2,647	$	324	$	(70)	$	1,627	$	(21,904)
Balance at December 31, 2020	$	(24,581)	$	1,992	$	589	$	713	$	1,472	$	(19,815)
Other comprehensive earnings (loss) before reclassifications		193		(1,159)		131		869		-		34
Reclassifications from accumulated other comprehensive loss		-		(40)		(177)		(1,010)		(533)		(1,760)
Other comprehensive earnings (loss) net of tax		193		(1,199)		(46)		(141)		(533)		(1,726)
Balance at June 30, 2021	$	(24,388)	$	793	$	543	$	572	$	939	$	(21,541)
Balance at December 31, 2019	$	(23,368)	$	882	$	10	$	92	$	2,139	$	(20,245)
Other comprehensive earnings (loss) before reclassifications		(3,064)		1,765		112		(280)		-		(1,467)
Reclassifications from accumulated other comprehensive loss		-		-		202		118		(512)		(192)
Other comprehensive earnings (loss) net of tax		(3,064)		1,765		314		(162)		(512)		(1,659)
Balance at June 30, 2020	$	(26,432)	$	2,647	$	324	$	(70)	$	1,627	$	(21,904)

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	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020		Recognized in Earnings
Investments	$	(53)	$	-	$	(53)	$	-	Other income, net
Foreign currency derivatives		(131)		169		(234)		267	Other income, net
Commodity derivatives		(663)		-		(1,331)		155	Product cost of goods sold
Postretirement and pension benefits		(352)		(337)		(703)		(675)	Other income, net
Total before tax		(1,199)		(168)		(2,321)		(253)
Tax (expense) benefit		290		40		561		61
Net of tax	$	(909)	$	(128)	$	(1,760)	$	(192)