Changes in Accumulated Other Comprehensive Income (Loss) by Component

9 Months Ended

Sep. 30, 2020

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 ComponentThe following tables set forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the nine-month periods ended September 30, 2020 and 2019:

	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
January 1, 2020	$	(115)	$	(144,047)	$	(66,333)	$	(210,495)
Other comprehensive (loss) income before reclassifications	(2,305)		(5,733)		23,774		15,736
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	858		8,400		—		9,258
Net current-period other comprehensive (loss) income	(1,447)		2,667		23,774		24,994
September 30, 2020	$	(1,562)	$	(141,380)	$	(42,559)	$	(185,501)

	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 before reclassifications	(2,300)		(18)		(44,513)		(46,831)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	340		5,666		—		6,006
Net current-period other comprehensive (loss) income	(1,960)		5,648		(44,513)		(40,825)
September 30, 2019	$	(1,126)	$	(133,042)	$	(97,157)	$	(231,325)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three-month periods ended September 30, 2020 and 2019:

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 September 30, 2020		Three Months Ended September 30, 2019
Gains and losses on cash flow hedges
Interest rate contracts	$	(449)	$	86	Interest expense
Foreign exchange contracts	237		(199)		Net sales
	(212)		(113)		Total before tax
	85		19		Tax benefit
	(127)		(94)		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	(134)	$	(107)	(A)
Amortization of actuarial losses	(3,511)		(2,218)		(A)
Settlement loss	—		(93)		(A)
	(3,645)		(2,418)		Total before tax
	844		554		Tax benefit
	(2,801)		(1,864)		Net of tax
Total reclassifications in the period	$	(2,928)	$	(1,958)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the nine month periods ended September 30, 2020 and 2019:

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
	Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
Gains and losses on cash flow hedges
Interest rate contracts	$	(866)	$	367	Interest expense
Foreign exchange contracts	(213)		(788)		Net sales
	(1,079)		(421)		Total before tax
	221		81		Tax benefit
	(858)		(340)		Net of tax
Pension and other postretirement benefit items
Amortization of prior service costs	$	(301)	$	(321)	(A)
Amortization of actuarial losses	(10,175)		(6,668)		(A)
Curtailment loss	(484)		—		(A)
Settlement loss	—		(340)		(A)
	(10,960)		(7,329)		Total before tax
	2,560		1,663		Tax benefit
	(8,400)		(5,666)		Net of tax
Total reclassifications in the period	$	(9,258)	$	(6,006)

(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.