Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2021

The following tables present the changes in accumulated other comprehensive loss (“AOCL”) by component for the six months ended June 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, 2021	$	(692,868)	$	(30,007)	$	(313,627)	$	(1,036,502)
Other comprehensive income before reclassifications	—		—		6,836		6,836
Amounts reclassified from accumulated other comprehensive loss	18,630		7,482		—		26,112
Other comprehensive income, net of income taxes	18,630		7,482		6,836		32,948
Ending balance, June 30, 2021	$	(674,238)	$	(22,525)	$	(306,791)	$	(1,003,554)


	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	—		(21,046)		(82,370)		(103,416)
Amounts reclassified from accumulated other comprehensive loss	16,292		4,704		11,356		32,352
Other comprehensive income (loss), net of income taxes	16,292		(16,342)		(71,014)		(71,064)
Ending balance, June 30, 2020	$	(688,123)	$	(37,013)	$	(487,236)	$	(1,212,372)

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 income (loss) in the same period that the related pre-tax AOCL reclassifications are recognized.