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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended September 30, 2019 and 2018:
 
2019
 
2018
(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
$
(443,828
)
 
$
(117,244
)
 
$
(753
)
 
$
(561,825
)
 
$
(426,327
)
 
$
(110,248
)
 
$
(965
)
 
$
(537,540
)
Other comprehensive income (loss) before reclassifications
(30,600
)
 
2,184

 
44

 
(28,372
)
 
(19,669
)
 
771

 
52

 
(18,846
)
Amounts reclassified from AOCL
—

 
1,464

 
—

 
1,464

 
—

 
1,828

 
—

 
1,828

Net current-period other comprehensive income (loss)
(30,600
)
 
3,648

 
44

 
(26,908
)
 
(19,669
)
 
2,599

 
52

 
(17,018
)
Balance - September 30
$
(474,428
)
 
$
(113,596
)
 
$
(709
)
 
$
(588,733
)
 
$
(445,996
)
 
$
(107,649
)
 
$
(913
)
 
$
(554,558
)

_______________________________________
(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $5.2 million and $4.7 million at July 1, 2019 and 2018, respectively, and $5.1 million and $5.0 million at September 30, 2019 and 2018, respectively. Includes net investment hedge gains of $9.3 million and $1.5 million, net of deferred taxes, at September 30, 2019 and 2018, 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
 
2019(1)
 
2018(1)
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
Other income (expense), net
 
$
(1,564
)
 
$
(2,061
)
  Prior service costs(2)
 
Other income (expense), net
 
(131
)
 
(78
)


 
Tax benefit
 
231

 
311



 
Net of tax
 
$
(1,464
)
 
$
(1,828
)

_______________________________________
(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 12 for additional details.
The following table presents the changes in AOCL, net of tax for the nine months ended September 30, 2019 and 2018:
 
2019
 
2018
(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
$
(447,925
)
 
$
(120,647
)
 
$
(858
)
 
$
(569,430
)
 
$
(384,779
)
 
$
(115,755
)
 
$
(1,090
)
 
$
(501,624
)
Other comprehensive (loss) income before reclassifications
(26,503
)
 
2,576

 
149

 
(23,778
)
 
(61,217
)
 
2,536

 
177

 
(58,504
)
Amounts reclassified from AOCL
—

 
4,475

 
—

 
4,475

 
—

 
5,570

 
—

 
5,570

Net current-period other comprehensive (loss) income
(26,503
)
 
7,051

 
149

 
(19,303
)
 
(61,217
)
 
8,106

 
177

 
(52,934
)
Balance - September 30
$
(474,428
)
 
$
(113,596
)
 
$
(709
)
 
$
(588,733
)
 
$
(445,996
)
 
$
(107,649
)
 
$
(913
)
 
$
(554,558
)


(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $4.5 million and $3.8 million at January 1, 2019 and 2018, respectively, and $5.1 million and $5.0 million at September 30, 2019 and 2018, respectively. Includes net investment hedge losses of $5.9 million and $19.8 million, net of deferred taxes, for the three months ended September 30, 2019 and 2018, respectively. Amounts in parentheses indicate debits.

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
 
2019(1)
 
2018(1)
Pension and other postretirement effects
 
 
 
 
 
 
Amortization of actuarial losses(2)
 
Other income (expense), net
 
$
(4,727
)
 
$
(6,231
)
Prior service costs(2)
 
Other income (expense), net
 
(408
)
 
(237
)
 
 
Tax benefit
 
660

 
898

 
 
Net of tax
 
$
(4,475
)
 
$
(5,570
)

_______________________________________
(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 12 for additional details.