XML 138 R49.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income: 
(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive loss, net of tax, as of December 31, 2018
$
(396,996
)
 
$
4,746

 
$
(309,977
)
 
$
(702,227
)
OCI before reclassifications
23,953

 
4,969

 
(45,599
)
 
(16,677
)
Amounts reclassified from AOCI

 
(7,647
)
 
9,657

 
2,010

Net current period other comprehensive income (loss)
23,953

 
(2,678
)
 
(35,942
)
 
(14,667
)
Accumulated other comprehensive loss, net of tax, as of December 31, 2019
$
(373,043
)
 
$
2,068

 
$
(345,919
)
 
$
(716,894
)
(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2017
$
(297,416
)
 
$
(10,332
)
 
$
(329,734
)
 
$
(637,482
)
OCI before reclassifications
(99,580
)
 
8,011

 
9,717

 
(81,852
)
Amounts reclassified from AOCI

 
7,067

 
10,040

 
17,107

Net current period other comprehensive income (loss)
(99,580
)
 
15,078

 
19,757

 
(64,745
)
Accumulated other comprehensive loss, net of tax, as of December 31, 2018
$
(396,996
)
 
$
4,746

 
$
(309,977
)
 
$
(702,227
)

(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2016
$
(352,025
)
 
$
7,604

 
$
(335,674
)
 
$
(680,095
)
OCI before reclassifications
66,826

 
(14,782
)
 
(7,941
)
 
44,103

Amounts reclassified from AOCI
(12,217
)
(a) 
(3,154
)
 
13,881

 
(1,490
)
Net current period other comprehensive income (loss)
54,609

 
(17,936
)
 
5,940

 
42,613

Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2017
$
(297,416
)
 
$
(10,332
)
 
$
(329,734
)
 
$
(637,482
)

Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income
The following table provides details about reclassifications out of AOCI to the Consolidated Statement of Comprehensive Income: 
 
Year Ended December 31,
 
 
(DOLLARS IN THOUSANDS)
2019
 
2018
 
2017
 
Affected Line Item in the Consolidated Statement of Comprehensive Income
(Losses) gains on derivatives qualifying as hedges
 
 
 
 
 
 
 
Foreign currency contracts
$
9,719

 
$
(7,089
)
 
$
4,506

 
Cost of goods sold
Interest rate swaps
(857
)
 
(864
)
 
(789
)
 
Interest expense
Tax
(1,215
)
 
886

 
(563
)
 
Provision for income taxes
Total
$
7,647

 
$
(7,067
)
 
$
3,154

 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
 
 
Prior service cost
$
6,644

 
$
7,752

 
$
7,040

 
(a) 
Actuarial losses
(19,032
)
 
(20,645
)
 
(24,699
)
 
(a) 
Tax
2,731

 
2,853

 
3,778

 
Provision for income taxes
Total
$
(9,657
)
 
$
(10,040
)
 
$
(13,881
)
 
Total, net of income taxes
_______________________
(a)
The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 16 to the Consolidated Financial Statements for additional information regarding net periodic benefit cost.