Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

The following tables present the changes in accumulated other comprehensive loss (“AOCL”) by component:


	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 income (loss) before reclassifications	(17,343)		(21,509)		91,239		52,387
Amounts reclassified from accumulated other comprehensive loss	28,890		12,173		11,356		52,419
Net current period other comprehensive income (loss)	11,547		(9,336)		102,595		104,806
Ending balance, December 31, 2020	$	(692,868)	$	(30,007)	$	(313,627)	$	(1,036,502)


	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)	$	(4,632)	$	(484,124)	$	(1,115,078)
Other comprehensive income (loss) before reclassifications	22,120		(18,419)		33,201		36,902
Amounts reclassified from accumulated other comprehensive loss (1)	22,313		2,380		34,701		59,394
Net current period other comprehensive income (loss)	44,433		(16,039)		67,902		96,296
Cumulative effect from adoption of ASU 2018-02	(122,526)		—		—		(122,526)
Ending balance, December 31, 2019	$	(704,415)	$	(20,671)	$	(416,222)	$	(1,141,308)

(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.