Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

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, 2020 and 2019:


	2020								2019
(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	$	(507,633)	$	(129,094)	$	(573)	$	(637,300)	$	(443,828)	$	(117,244)	$	(753)	$	(561,825)
Other comprehensive income (loss) before reclassifications	25,204		(3,647)		41		21,598		(30,600)		2,184		44		(28,372)
Amounts reclassified from AOCL	—		2,671		—		2,671		—		1,464		—		1,464
Net current-period other comprehensive income (loss)	25,204		(976)		41		24,269		(30,600)		3,648		44		(26,908)
Balance - September 30	$	(482,429)	$	(130,070)	$	(532)	$	(613,031)	$	(474,428)	$	(113,596)	$	(709)	$	(588,733)

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(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $5.9 million and $5.2 million at July 1, 2020 and 2019, respectively, and $5.8 million and $5.1 million at September 30, 2020 and 2019, respectively. Includes net investment hedge losses of $12.1 million and gains of $9.3 million, net of deferred taxes, at September 30, 2020 and 2019, 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	2020(1)		2019(1)












Pension and other postretirement effects
Amortization of actuarial losses(2)	Other income (expense), net	$	(2,942)	$	(1,564)
Prior service costs(2)	Other income (expense), net	(150)		(131)
	Tax benefit	421		231
	Net of tax	$	(2,671)	$	(1,464)

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(1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

(2) These AOCL 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, 2020 and 2019:


	2020								2019
(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	$	(441,407)	$	(137,161)	$	(671)	$	(579,239)	$	(447,925)	$	(120,647)	$	(858)	$	(569,430)
Other comprehensive (loss) income before reclassifications	(41,022)		(531)		139		(41,414)		(26,503)		2,576		149		(23,778)
Amounts reclassified from AOCL	—		7,622		—		7,622		—		4,475		—		4,475
Net current-period other comprehensive (loss) income	(41,022)		7,091		139		(33,792)		(26,503)		7,051		149		(19,303)
Balance - September 30	$	(482,429)	$	(130,070)	$	(532)	$	(613,031)	$	(474,428)	$	(113,596)	$	(709)	$	(588,733)

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(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $5.1 million and $4.5 million at January 1, 2020 and 2019, respectively, and $5.8 million and $5.1 million at September 30, 2020 and 2019, respectively. Includes net investment hedge losses of $24.6 million and $5.9 million, net of deferred taxes, for the nine months ended September 30, 2020 and 2019, 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	2020(1)		2019(1)
















Pension and other postretirement effects
Amortization of actuarial losses(2)	Other income (expense), net	$	(8,456)	$	(4,727)
Prior service costs(2)	Other income (expense), net	(429)		(408)
	Tax benefit	1,263		660
	Net of tax	$	(7,622)	$	(4,475)

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(1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

(2) These AOCL components are included in the computation of net periodic pension cost. See Note 12 for additional details.