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Changes in Accumulated Other Comprehensive Income by Component (Tables)
12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)
The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2018 and December 31, 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 (loss) income before reclassifications to consolidated statements of income
(410
)
 
(25,170
)
 
(50,017
)
 
(75,597
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
1,083

 
9,744

 

 
10,827

Net current-period other comprehensive income (loss)
673

 
(15,426
)
 
(50,017
)
 
(64,770
)
Amounts reclassified from accumulated other comprehensive income to retained earnings (A)

89

 
(19,420
)
 

 
(19,331
)
December 31, 2018
$
834

 
$
(138,690
)
 
$
(52,644
)
 
$
(190,500
)
 
 
 
 
 
 
 
 
(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 1.

 
 
 
 
 
 
 
 
 
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 (loss) income before reclassifications to consolidated statements of income
(231
)
 
3,342

 
83,404

 
86,515

Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
530

 
7,384

 

 
7,914

Net current-period other comprehensive income
299

 
10,726

 
83,404

 
94,429

December 31, 2017
$
72

 
$
(103,844
)
 
$
(2,627
)
 
$
(106,399
)
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income to the Consolidated Statements of Income
The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2018 and December 31, 2017:
Details about Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Affected Line Item in the Consolidated Statements of Income
 
 
2018
 
2017
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
     Interest rate contracts
 
$
(277
)
 
$
(545
)
 
Interest expense
     Foreign exchange contracts
 
(1,116
)
 
(242
)
 
Net sales
 
 
(1,393
)
 
(787
)
 
Total before tax
 
 
310

 
257

 
Tax benefit
 
 
(1,083
)
 
(530
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
     Amortization of prior-service costs, net
 
$
(580
)
 
$
(378
)
 
(A)
Amortization of actuarial losses
 
(12,189
)
 
(10,833
)
 
(A)
Curtailment gain
 

 
187

 
(A)
     Settlement loss
 

 
(142
)
 
(A)
 
 
(12,769
)
 
(11,166
)
 
Total before tax
 
 
3,025

 
3,782

 
Tax benefit
 
 
(9,744
)
 
(7,384
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(10,827
)
 
$
(7,914
)
 
 
(A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.