Changes in Accumulated Other Comprehensive Income (Loss) by Component

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) by Component

The following tables set forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the six-month periods ended June 30, 2021 and 2020:


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2020	$	(757)	$	(142,119)	$	20,561	$	(122,315)
Other comprehensive (loss) income before reclassifications	(1,003)		145		(26,286)		(27,144)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	453		6,380		—		6,833
Net current-period other comprehensive (loss) income	(550)		6,525		(26,286)		(20,311)
June 30, 2021	$	(1,307)	$	(135,594)	$	(5,725)	$	(142,626)


	Gains and Losses on Cash Flow Hedges		Pension and Other Postretirement Benefit Items		Foreign Currency Items		Total
December 31, 2019	$	(115)	$	(144,047)	$	(66,333)	$	(210,495)
Other comprehensive (loss) income before reclassifications	(2,255)		(5,141)		(16,077)		(23,473)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	729		5,599		—		6,328
Net current-period other comprehensive (loss) income	(1,526)		458		(16,077)		(17,145)

June 30, 2020	$	(1,641)	$	(143,589)	$	(82,410)	$	(227,640)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three-month periods ended June 30, 2021 and 2020:


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 June 30, 2021		Three Months Ended June 30, 2020
Gains and losses on cash flow hedges
Interest rate contracts	$	(460)	$	(356)	Interest expense
Foreign exchange contracts	171		74		Net sales
	(289)		(282)		Total before tax
	73		95		Tax benefit
	(216)		(187)		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(88)	$	(80)	(A)
Amortization of actuarial losses	(4,150)		(3,302)		(A)
Curtailment loss	—		(484)		(A)

	(4,238)		(3,866)		Total before tax
	992		906		Tax benefit
	(3,246)		(2,960)		Net of tax

Total reclassifications in the period	$	(3,462)	$	(3,147)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the six-month periods ended June 30, 2021 and 2020:


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
	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
Gains and losses on cash flow hedges
Interest rate contracts	$	(909)	(417)		Interest expense
Foreign exchange contracts	298		(449)		Net sales
	(611)		(866)		Total before tax
	158		137		Tax benefit
	(453)		(729)		Net of tax

Pension and other postretirement benefit items
Amortization of prior service costs	$	(180)	$	(167)	(A)
Amortization of actuarial losses	(8,146)		(6,664)		(A)
Curtailment loss	—		(484)		(A)

	(8,326)		(7,315)		Total before tax
	1,946		1,716		Tax benefit
	(6,380)		(5,599)		Net of tax

Total reclassifications in the period	$	(6,833)	$	(6,328)

(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.