Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

9. Accumulated Other Comprehensive Income

The following table summarizes the changes in OCI during the three- and six-month periods ended June 30, 2017:

(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of March 31, 2017	$	222		$	(2,565	)	$	(187,043	)	$	(189,386	)
Other comprehensive income before reclassifications		64			-			26,792			26,856
Amounts reclassified from OCI		(125	)		1,420			258			1,553
Balance as of June 30, 2017	$	161		$	(1,145	)	$	(159,993	)	$	(160,977	)

(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of December 31, 2016	$	(85	)	$	(2,537	)	$	(210,843	)	$	(213,465	)
Other comprehensive income before reclassifications		391			-			44,068			44,459
Amounts reclassified from OCI		(145	)		1,392			6,782			8,029
Balance as of June 30, 2017	$	161		$	(1,145	)	$	(159,993	)	$	(160,977	)

(a) Cash Flow Hedges and Pension Items are net of tax.

In 2017, the Company completed the divestiture of a facility and certain related business lines in the Flavors & Fragrances segment (See Note 13, Divestiture, for additional information), resulting in the reclassification of the cumulative translation loss of $2.8 million into net earnings. In addition, the Company completed the sale of its European Natural Ingredient business (See Note 11, Restructuring, for additional information), resulting in the reclassification of the cumulative translation loss of $4.0 million into net earnings. During the three months ended June 30, 2017, one of the Company’s pension plans was terminated resulting in the reclassification of the cumulative translation loss of $1.5 million into net earnings (See Note 5, Retirement Plans, for additional information).