Changes in Accumulated Other Comprehensive Income (Loss) by Component

The following tables sets forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the three-month periods ended March 31, 2018 and 2017:



	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
January 1, 2018	$	72	$	(103,844	)	$	(2,627	)	$	(106,399	)
Other comprehensive income before reclassifications	157		763			26,953			27,873
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	239		2,401			—			2,640
Net current-period other comprehensive income	396		3,164			26,953			30,513
Amounts reclassified from accumulated other comprehensive income to retained earnings ^(A)	—		(19,331		)	—			(19,331		)
March 31, 2018	$	468	$	(120,011	)	$	24,326		$	(95,217	)

(A) This amount represents the reclassification of stranded tax effects resulting from the Act, as permitted by amended guidance issued by the FASB in February 2018. See Note 2.



	Gains and Losses on Cash Flow Hedges			Pension and Other Postretirement Benefit Items			Foreign Currency Items			Total
January 1, 2017	$	(227	)	$	(114,570	)	$	(86,031	)	$	(200,828	)
Other comprehensive income (loss) before reclassifications	27			(214		)	18,609			18,422
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	56			1,479			—			1,535
Net current-period other comprehensive income	83			1,265			18,609			19,957
March 31, 2017	$	(144	)	$	(113,305	)	$	(67,422	)	$	(180,871	)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three-month periods ended March 31, 2018 and 2017:



Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Consolidated Statements of Income
	Three months ended March 31, 2018			Three months ended March 31, 2017
Gains and losses on cash flow hedges
Interest rate contracts	$	(82	)	$	(53	)	Interest expense
Foreign exchange contracts	(226		)	(30		)	Net sales
	(308		)	(83		)	Total before tax
	69			27			Tax benefit
	(239		)	(56		)	Net of tax

Pension and other postretirement benefit items
Amortization of prior-service costs, net	$	(146	)	$	(92	)	(A)
Amortization of actuarial losses	(2,971		)	(2,549		)	(A)
Settlement gain	—			261			(A)
	(3,117		)	(2,380		)	Total before tax
	716			901			Tax benefit
	(2,401		)	(1,479		)	Net of tax

Total reclassifications in the period	$	(2,640	)	$	(1,535	)

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 10.