Components of Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

The components of AOCI, net of the effect of income taxes, and activity for the nine months ended September 30, 2019 and 2020 was as follows:


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2018	$	(159,810)		$	1,389		$	(408,655)		$	(31)	$	(567,107)
Adoption of new accounting standard	—			—			(21,429)		(a)	—		(21,429)
OCI before reclassifications	(20,513)		(b)	(5,889)		(c)	11,630		(b)	19		(14,753)
Amounts reclassified from AOCI, net of tax	(1,763)			1,404			14,021			—		13,662



Total OCI	(22,276)			(4,485)			25,651			19		(1,091)
OCI attributable to noncontrolling interests	1,868			—			—			—		1,868
OCI attributable to Harsco Corporation	(20,408)			(4,485)			25,651			19		777
Balance at September 30, 2019	$	(180,218)		$	(3,096)		$	(404,433)		$	(12)	$	(587,759)


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2019	$	(143,340)		$	(3,717)		$	(440,562)		$	(3)	$	(587,622)

OCI before reclassifications	(48,150)		(b)	(2,226)		(c)	9,905		(b)	(22)		(40,493)
Amounts reclassified from AOCI, net of tax	12,906			604			18,132			—		31,642



Total OCI	(35,244)			(1,622)			28,037			(22)		(8,851)
OCI attributable to noncontrolling interests	(579)			—			—			—		(579)
OCI attributable to Harsco Corporation	(35,823)			(1,622)			28,037			(22)		(9,430)
Balance at September 30, 2020	$	(179,163)		$	(5,339)		$	(412,525)		$	(25)	$	(597,052)

(a) Represents the adoption of the new accounting standard on January 1, 2019 related to stranded tax effects from the Tax Cuts and Jobs Act.

(b) Principally foreign currency fluctuation.

Amounts reclassified from AOCI were as follows:


(In thousands)	Three Months Ended				Nine Months Ended				Location on the Condensed Consolidated Statements of Operations
	September 30				September 30
	2020		2019		2020		2019
Recognition of cumulative foreign currency translation adjustments:
Gain on substantial liquidation of subsidiaries (d)	$	—	$	(154)	$	12,906	$	(2,425)	Other expenses, net
Loss on substantial liquidation of subsidiaries (d)	—		662		—		662		Gain on sale of discontinued businesses
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	174	$	(512)	$	(1,562)	$	(977)	Product revenues
Foreign currency exchange forward contracts	—		—		—		44		Cost of services sold

CCIRs	312		291		912		908		Interest expense
Interest rate swaps	739		(76)		1,849		(648)		Interest expense
Interest rate swaps	—		—		—		2,741		Income from discontinued businesses
Total before taxes	1,225		(297)		1,199		2,068
Income taxes	(408)		(21)		(595)		(664)
Total reclassification of cash flow hedging instruments, net of tax	$	817	$	(318)	$	604	$	1,404

Amortization of defined benefit pension items (e):
Recognized losses	$	4,962	$	4,721	$	14,799	$	14,761	Defined benefit pension income (expense)
Recognized prior service costs	113		61		326		192		Defined benefit pension income (expense)

Settlement/curtailment losses	—		—		—		129		Defined benefit pension income (expense)
Pension liability transfer - discontinued business	—		—		5,363		—		Gain on sale of discontinued businesses
Total before taxes	5,075		4,782		20,488		15,082
Income taxes	(323)		(340)		(2,356)		(1,061)
Total reclassification of defined benefit pension items, net of tax	$	4,752	$	4,442	$	18,132	$	14,021

(d) No tax impact.

(e) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.