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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Dec. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")
The following tables set forth the total changes in AOCI by component, net of taxes, for the years ended December 31, 2016 and 2015:
 
 
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2014
 
$
(9
)
 
$
(197,893
)
 
$
(90,720
)
 
$
(288,622
)
Other comprehensive income (loss) before reclassification
 
979

 
(1,632
)
(2) 
(106,319
)
(3) 
(106,972
)
Amounts reclassified from AOCI
 
(422
)
(1) 
99,749

(2) 
—

 
99,327

Net current-period other comprehensive income (loss)
 
557

 
98,117

 
(106,319
)
 
(7,645
)
Balance at December 31, 2015
 
$
548

 
$
(99,776
)
 
$
(197,039
)
 
$
(296,267
)
Other comprehensive income (loss) before reclassification
 
2,026

 
(1,268
)
(2) 
(36,646
)
(3) 
(35,888
)
Amounts reclassified from AOCI
 
(1,987
)
(1) 
5,105

(2) 
—

 
3,118

Net current-period other comprehensive income (loss)
 
39

 
3,837

 
(36,646
)
 
(32,770
)
Balance at December 31, 2016
 
$
587

 
$
(95,939
)
 
$
(233,685
)
 
$
(329,037
)
 
 
 
 
 
 
 
 
 

(1)
During 2016, this AOCI reclassification is a component of Net sales of $(1,580) (net of tax of $(577)) and Cost of goods sold of $(407) (net of tax of $(24)); during 2015, the reclassification is a component of Net sales of $(1,191) (net of tax of $(547)) and Cost of goods sold of $771 (net of tax of $549). See Note 13 for additional details.
(2)
This AOCI component is included in the computation of net periodic pension costs (net of tax of $4,297 and $61,538 during the years ended December 31, 2016 and 2015, respectively). See Note 11 for additional details.
(3)
The Other comprehensive income before reclassifications excludes $(106) and $(623) attributable to Non-controlling interests in the years ended December 31, 2016 and 2015, respectively. The reclassified AOCI component is included in the computation of Non-controlling interests. See Consolidated Statements of Equity for additional details.