Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

The following tables present the changes in accumulated other comprehensive loss (“AOCL”) by component for the nine months ended September 30:


	Changes in Accumulated Other Comprehensive Loss by Component
	Pension and Other Post-Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation		Total
Beginning balance, January 1, 2020	$	(704,415)	$	(20,671)	$	(416,222)	$	(1,141,308)
Other comprehensive loss before reclassifications	—		(21,248)		(48,307)		(69,555)
Amounts reclassified from accumulated other comprehensive loss	24,479		8,456		11,356		44,291
Other comprehensive income (loss), net of income taxes	24,479		(12,792)		(36,951)		(25,264)
Ending balance, September 30, 2020	$	(679,936)	$	(33,463)	$	(453,173)	$	(1,166,572)


	Changes in Accumulated Other Comprehensive Loss by Component
	Pension and Other Post-Retirement Benefits		Cash Flow Hedges		Foreign Currency Translation		Total
Beginning balance, January 1, 2019	$	(626,322)	$	(4,631)	$	(484,125)	$	(1,115,078)
Other comprehensive loss before reclassifications	—		(18,494)		(65,026)		(83,520)
Amounts reclassified from accumulated other comprehensive loss (1)	16,689		1,154		34,701		52,544
Other comprehensive income (loss), net of income taxes	16,689		(17,340)		(30,325)		(30,976)
Cumulative effect from adoption of ASU 2018-02	(122,526)		—		—		(122,526)
Ending balance, September 30, 2019	$	(732,159)	$	(21,971)	$	(514,450)	$	(1,268,580)

(1) Amount includes realized currency losses of $34,701 that were reclassified out of foreign currency translation into earnings in connection with the March 7, 2019 sale of Grupo Auto Todo and the September 30, 2019 sale of EIS. Refer to the acquisitions, divestitures and discontinued operations footnote for further details.

The AOCL components related to the pension benefits are included in the computation of net periodic benefit income in the employee benefit plans footnote. The nature of the cash flow hedges are discussed in the derivatives and hedging footnote. Generally, tax effects in AOCL are established at the currently enacted tax rate and reclassified to net (loss) income in the same period that the related pre-tax AOCL reclassifications are recognized.