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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2017
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following presents the components of accumulated other comprehensive loss (AOCL), net of related tax effects:
 
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
98,308

 
12,557

 
125

 
110,990

 
(71,994
)
 
(23,939
)
 
1,064

 
(94,869
)
Amounts
reclassified
from AOCL
522

 
8,218

 
23

 
8,763

 
—

 
7,870

 
1,156

 
9,026

Net current-period other comprehensive income (loss)
98,830

 
20,775

 
148

 
119,753


(71,994
)

(16,069
)

2,220

 
(85,843
)
Balance - December 31
$
(384,779
)
 
$
(115,755
)
 
$
(1,090
)
 
$
(501,624
)
 
$
(483,609
)

$
(136,530
)

$
(1,238
)

$
(621,377
)
_______________________________________
(1)
Includes foreign currency translation adjustments attributable to noncontrolling interests of $3.8 million, $3.4 million and $2.7 million for December 31, 2017, 2016 and 2015, respectively. For the year ended December 31, 2017, foreign currency translation impacts primarily represented the strengthening of the Euro, British pound and Indian rupee exchange rates versus the U.S. dollar for the period. For the year ended December 31, 2016, foreign currency translation impacts primarily represented the weakening of the British pound, Euro and Mexican peso exchange rates versus the U.S. dollar for the period. Includes net investment hedge loss of $22.5 million and a gain of $1.4 million, net of deferred taxes, for the year ended December 31, 2017 and 2016, respectively. Amounts in parentheses indicate debits.


The following table presents the reclassifications out of AOCL:

(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
 
Gain on sale of businesses
$
(522
)
 
$
—

 
 
Tax benefit
—

 
—

 
 
 Net of tax
$
(522
)

$
—

 
 
 
 
 
 
Cash flow hedging activity
 
 
 
 
 
Foreign exchange contracts

 
Sales
(30
)
 
(1,531
)
 
 
Tax benefit
7

 
375

 
 
 Net of tax
$
(23
)

$
(1,156
)
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
  Amortization of actuarial losses(2)
 
 
$
(9,761
)
 
$
(9,750
)
  Prior service costs(2)
 
 
(108
)
 
(492
)
  Settlements and other(2)
 
 
(2,113
)
 
(871
)
 
 
Tax benefit
3,764

 
3,243

 
 
Net of tax
$
(8,218
)

$
(7,870
)
______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclassification 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.