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Changes in Accumulated Other Comprehensive Income (Loss) by Component
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss) by Component
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, 2019 and 2018:
 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2019
$
834

 
$
(138,690
)
 
$
(52,644
)
 
$
(190,500
)
Other comprehensive (loss) income before reclassifications
(723
)
 
(122
)
 
(9,225
)
 
(10,070
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
155

 
1,737

 

 
1,892

Net current-period other comprehensive income
(568
)
 
1,615

 
(9,225
)
 
(8,178
)
March 31, 2019
$
266

 
$
(137,075
)
 
$
(61,869
)
 
$
(198,678
)


 
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 3 of the Consolidated Financial Statements.

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three-month periods ended March 31, 2019 and 2018:

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, 2019
 
Three months ended March 31, 2018
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
     Interest rate contracts
 
$
142

 
$
(82
)
 
Interest expense
     Foreign exchange contracts
 
(337
)
 
(226
)
 
Net sales
 
 
(195
)
 
(308
)
 
Total before tax
 
 
40

 
69

 
Tax benefit
 
 
(155
)
 
(239
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
     Amortization of prior-service costs
 
$
(109
)
 
$
(146
)
 
(A)
Amortization of actuarial losses
 
(2,168
)
 
(2,971
)
 
(A)
 
 
(2,277
)
 
(3,117
)
 
Total before tax
 
 
540

 
716

 
Tax benefit
 
 
(1,737
)
 
(2,401
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(1,892
)
 
$
(2,640
)
 
 

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12 of the Consolidated Financial Statements.