XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Comprehensive Earnings
9 Months Ended
Sep. 30, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Earnings
16. Other Comprehensive Earnings

The amounts recognized in other comprehensive (loss) earnings were as follows:
 
Three Months Ended
 
Three Months Ended
 
September 30, 2018
 
September 30, 2017
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(14,860
)
 
$
1,293

 
$
(13,567
)
 
$
72,823

 
$
20,446

 
$
93,269

Pension and other post-retirement benefit plans
1,407

 
(301
)
 
1,106

 
3,049

 
(974
)
 
2,075

Changes in fair value of cash flow hedges
(1,374
)
 
289

 
(1,085
)
 
(712
)
 
249

 
(463
)
Other

 

 

 
309

 
(37
)
 
272

Total other comprehensive (loss) earnings
$
(14,827
)
 
$
1,281

 
$
(13,546
)
 
$
75,469

 
$
19,684

 
$
95,153


 
Nine Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(24,794
)
 
$
(1,624
)
 
$
(26,418
)
 
$
119,725

 
$
43,490

 
$
163,215

Pension and other post-retirement benefit plans
7,765

 
(1,657
)
 
6,108

 
9,071

 
(2,901
)
 
6,170

Changes in fair value of cash flow hedges
2,116

 
(444
)
 
1,672

 
(3,566
)
 
1,248

 
(2,318
)
Other

 

 

 
35

 
(4
)
 
31

Total other comprehensive (loss) earnings
$
(14,913
)
 
$
(3,725
)
 
$
(18,638
)
 
$
125,265

 
$
41,833

 
$
167,098


Total comprehensive earnings were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Net earnings
$
157,305

 
$
178,912

 
$
428,698

 
$
515,217

Other comprehensive (loss) earnings
(13,546
)
 
95,153

 
(18,638
)
 
167,098

Comprehensive earnings
$
143,759

 
$
274,065

 
$
410,060

 
$
682,315



Amounts reclassified from accumulated other comprehensive (loss) to earnings during the three and nine months ended September 30, 2018 and 2017 were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018

2017
Foreign currency translation:
 
 
 
 
 
 
 
Reclassification of foreign currency translation losses to earnings from sale of subsidiary
$

 
$

 
$

 
$
3,875

Tax benefit



 

 

Net of tax
$

 
$

 
$

 
$
3,875

Pension and other postretirement benefit plans:
 
 
 
 
 
 
 
Amortization of actuarial losses
$
517

 
$
1,951

 
$
4,354

 
$
5,771

Amortization of prior service costs
890

 
1,098

 
3,411

 
3,300

Total before tax
1,407

 
3,049

 
7,765

 
9,071

Tax benefit
(301
)
 
(974
)
 
(1,657
)
 
(2,901
)
Net of tax
$
1,106

 
$
2,075

 
$
6,108

 
$
6,170

Cash flow hedges:
 
 
 
 
 
 
 
Net loss (gains) reclassified into earnings
$
460

 
$
(417
)
 
$
(439
)
 
$
(506
)
Tax (benefit) provision
(96
)
 
146

 
92

 
177

Net of tax
$
364

 
$
(271
)
 
$
(347
)
 
$
(329
)

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other (income) expense, net within the Condensed Consolidated Statements of Earnings.

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.