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Other Comprehensive Earnings
12 Months Ended
Dec. 31, 2017
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income, Noncontrolling Interest [Text Block]
16. Other Comprehensive Earnings (Loss)

The amounts recognized in Other comprehensive earnings (loss) were as follows:
Year Ended December 31, 2017
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
103,214

 
$
43,842

 
$
147,056

Pension and other postretirement benefit plans
28,784

 
(7,397
)
 
21,387

Changes in fair value of cash flow hedges
(3,678
)
 
1,287

 
(2,391
)
Other
(1,687
)
 
202

 
(1,485
)
Total other comprehensive earnings (loss)
$
126,633

 
$
37,934

 
$
164,567



Year Ended December 31, 2016
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(86,876
)
 
$
(18,827
)
 
$
(105,703
)
Pension and other post-retirement benefit plans
5,936

 
(4,560
)
 
1,376

Changes in fair value of cash flow hedges
860

 
(301
)
 
559

Other
(1,119
)
 
134

 
(985
)
Total other comprehensive loss
$
(81,199
)
 
$
(23,554
)
 
$
(104,753
)

Year Ended December 31, 2015
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(108,748
)
 
$
(11,646
)
 
$
(120,394
)
Pension and other postretirement benefit plans
35,727

 
(11,791
)
 
23,936

Changes in fair value of cash flow hedges
(671
)
 
235

 
(436
)
Other
1,423

 
(171
)
 
1,252

Total other comprehensive loss
$
(72,269
)
 
$
(23,373
)
 
$
(95,642
)


The components of Accumulated other comprehensive earnings (loss) are as follows:
 
December 31, 2017
 
December 31, 2016
Cumulative foreign currency translation adjustments
$
(93,925
)
 
$
(240,981
)
Pension and other postretirement benefit plans
(100,538
)
 
(121,925
)
Changes in fair value of cash flow hedges and other
(296
)
 
3,580

 
$
(194,759
)
 
$
(359,326
)


Total comprehensive earnings (loss) were as follows:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Net earnings
$
811,665

 
$
508,892

 
$
869,829

Other comprehensive earnings (loss)
164,567

 
(104,753
)
 
(95,642
)
Comprehensive earnings
$
976,232

 
$
404,139

 
$
774,187



Amounts reclassified from Accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2017, 2016 and 2015 were as follows:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Pension and other postretirement benefit plans:
 
 
 
 
 
Amortization of actuarial losses
$
7,735

 
$
8,544

 
$
15,527

Amortization of prior service costs and transition obligation
4,424

 
6,609

 
7,541

Settlement and curtailment
(3,844
)
 

 

Total before tax
8,315

 
15,153

 
23,068

Tax benefit
(2,503
)
 
(5,073
)
 
(7,768
)
Net of tax
$
5,812

 
$
10,080

 
$
15,300

Cash flow hedges:
 
 
 
 
 
Net (gains) losses reclassified into earnings
$
(908
)
 
$
638

 
$
(166
)
Tax expense (benefit)
318

 
(223
)
 
58

Net of tax
$
(590
)
 
$
415

 
$
(108
)


The Company recognizes net periodic benefit cost, which includes amortization of net actuarial losses, prior service costs and transition obligation, in both Selling, general and administrative expenses and Cost of goods and services in the Consolidated Statements of Earnings, depending on the functional area of the underlying employees included in the plans.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as Revenue, Cost of goods and services, or Selling, general and administrative expenses in the Consolidated Statements of Earnings.