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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table presents the changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended September 30, 2017 and 2016:
 
2017
 
2016
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
 
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
Balance - July 1
$
(415,506
)
 
$
(137,188
)
 
$
(1,154
)
 
$
(553,848
)
 
$
(408,605
)
 
$
(114,525
)
 
$
(2,255
)
 
$
(525,385
)
Other comprehensive income (loss) before reclassifications
17,674

 
(2,004
)
 
12

 
15,682

 
(15,587
)
 
1,952

 
39

 
(13,596
)
Amounts reclassified from AOCL
—

 
1,560

 
—

 
1,560

 
—

 
1,767

 
521

 
2,288

Net current-period other comprehensive income (loss)
17,674

 
(444
)
 
12

 
17,242

 
(15,587
)
 
3,719

 
560

 
(11,308
)
Balance - September 30
$
(397,832
)
 
$
(137,632
)
 
$
(1,142
)
 
$
(536,606
)
 
$
(424,192
)
 
$
(110,806
)
 
$
(1,695
)
 
$
(536,693
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.9 million and $3.5 million at July 1, 2017 and 2016, respectively, and $3.9 million and $3.5 million for September 30, 2017 and 2016, respectively. Includes net investment hedge losses of $6.3 million and $2.2 million, net of deferred taxes, for the three months ended September 30, 2017 and 2016, respectively. Amounts in parentheses indicate debits.

The following table presents the reclassifications out of AOCL:
 
 
 
 
Three Months Ended September 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2017(1)
 
2016 (1)
 
 
 
 
 
 
 
Cash flow hedging activity
 
 
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
 
 
 
Sales
 
$
—

 
$
(717
)
 
 
Tax benefit
 
—

 
196

 
 
 Net of tax
 
$
—

 
$
(521
)
 
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
 
 
$
(2,284
)
 
$
(2,395
)
  Prior service costs(2)
 
 
 
(57
)
 
(153
)


 
Tax benefit
 
781

 
781



 
Net of tax
 
$
(1,560
)
 
$
(1,767
)

_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 11 for additional details.
The following table presents the changes in AOCL, net of tax for the nine months ended September 30, 2017 and 2016:
 
2017
 
2016
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
 
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
Balance - January 1
$
(483,609
)
 
$
(136,530
)
 
$
(1,238
)
 
$
(621,377
)
 
$
(411,615
)
 
$
(120,461
)
 
$
(3,458
)
 
$
(535,534
)
Other comprehensive income (loss) before reclassifications
85,225

 
(5,818
)
 
73

 
79,480

 
(12,577
)
 
4,330

 
633

 
(7,614
)
Amounts reclassified from AOCL
552

 
4,716

 
23

 
5,291

 
—

 
5,325

 
1,130

 
6,455

Net current-period other comprehensive income (loss)
85,777

 
(1,102
)
 
96

 
84,771

 
(12,577
)
 
9,655

 
1,763

 
(1,159
)
Balance - September 30
$
(397,832
)
 
$
(137,632
)
 
$
(1,142
)
 
$
(536,606
)
 
$
(424,192
)
 
$
(110,806
)
 
$
(1,695
)
 
$
(536,693
)


(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.4 million and $2.7 million at January 1, 2017 and 2016 and $3.9 million and $3.5 million for September 30, 2017 and 2016, respectively. Includes net investment hedge losses of $19.6 million and $10.3 million,(2) net of deferred taxes, for the nine months ended September 30, 2017 and 2016, respectively. Amounts in parentheses indicate debits.
(2) Previously disclosed as a loss of $6.1 million in 2016. No incremental impact on our consolidated financial condition or result of operations.

The following table presents the reclassifications out of AOCL:


 
 
 
Nine Months Ended September 30,
(Amounts in thousands)
 
Affected line item in the statement of income
 
2017(1)
 
2016 (1)
Foreign currency translation items
 
 
 
 
 
 
Release of cumulative translation adjustments due to sale of business(2)
 
Gain on sale of business
 
$
(552
)
 
$
—

 
 
Tax benefit
 
—

 
—

 
 
 Net of tax
 
$
(552
)
 
$
—

 
 
 
 
 
 
 
Cash flow hedging activity
 
 
 
 
 
 
   Foreign exchange contracts
 
 
 
 
 
 
 
 
Sales
 
$
(30
)
 
$
(1,531
)
 
 
Tax benefit
 
7

 
401

 
 
 Net of tax
 
$
(23
)
 
$
(1,130
)
 
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
 
 
$
(6,885
)
 
$
(7,184
)
Prior service costs(2)
 
 
 
(172
)
 
(458
)
 
 
Tax benefit
 
2,341

 
2,317

 
 
Net of tax
 
$
(4,716
)
 
$
(5,325
)


(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 11 for additional details.