ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")

6 Months Ended

Jun. 30, 2021

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")

NOTE 7 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")

The following tables set forth the total changes in accumulated other comprehensive income (loss) ("AOCI") by component, net of taxes:


	Three Months Ended June 30, 2021
	Unrealized gain
	(loss) on derivatives
	designated and			Defined benefit			Currency
	qualifying as cash			pension plan			translation
	flow hedges			activity			adjustment			Total
Balance at March 31, 2021	$	9,777		$	(96,710)		$	(225,491)		$	(312,424)
Other comprehensive income (loss) before reclassification		(5,089)			(2,587)			13,689	³		6,013
Amounts reclassified from AOCI		335	¹		885	²		—			1,220
Net current-period other comprehensive income (loss)		(4,754)			(1,702)			13,689			7,233
Balance at June 30, 2021	$	5,023		$	(98,412)		$	(211,802)		$	(305,191)


	Three Months Ended June 30, 2020
	Unrealized gain
	(loss) on derivatives
	designated and			Defined benefit			Currency
	qualifying as cash			pension plan			translation
	flow hedges			activity			adjustment			Total
Balance at March 31, 2020	$	(743)		$	(69,937)		$	(277,497)		$	(348,177)
Other comprehensive income (loss) before reclassification		112			(26,127)			14,485	³		(11,530)
Amounts reclassified from AOCI		996	¹		3,091	²		—			4,087
Net current-period other comprehensive income (loss)		1,108			(23,036)			14,485			(7,443)
Balance at June 30, 2020	$	365		$	(92,973)		$	(263,012)		$	(355,620)

(1)

During the three months ended June 30, 2021, the AOCI reclassification is a component of Net sales of $70 (net of tax of $27) and Cost of goods sold of $405 (net of tax of $90); during the three months ended June 30, 2020, the reclassification is a component of Net sales of $(1,065) (net of tax of $(398)) and Cost of goods sold of $(69) (net of tax of $(77)). See Note 16 to the consolidated financial statements for additional details.

(2)

This AOCI component is included in the computation of net periodic pension costs (net of tax of $1,445 and $1,002) during the three months ended June 30, 2021 and 2020, respectively. See Note 13 to the consolidated financial statements for additional details.

(3)

The Other comprehensive income (loss) before reclassifications excludes $(110) and $(17) attributable to Non-controlling interests in the three months ended June 30, 2021 and 2020, respectively.


	Six Months Ended June 30, 2021
	Unrealized gain
	(loss) on derivatives
	designated and			Defined benefit			Currency
	qualifying as cash			pension plan			translation
	flow hedges			activity			adjustment			Total
Balance at December 31, 2020	$	2,487		$	(101,770)		$	(202,907)		$	(302,190)
Other comprehensive income (loss) before reclassification		1,977			(1,985)			(8,895)	³		(8,903)
Amounts reclassified from AOCI		559	¹		5,343	²		—			5,902
Net current-period other comprehensive income (loss)		2,536			3,358			(8,895)			(3,001)
Balance at June 30, 2021	$	5,023		$	(98,412)		$	(211,802)		$	(305,191)


	Six Months Ended June 30, 2020
	Unrealized gain
	(loss) on derivatives
	designated and			Defined benefit			Currency
	qualifying as cash			pension plan			translation
	flow hedges			activity			adjustment			Total
Balance at December 31, 2019	$	1,626		$	(70,546)		$	(206,930)		$	(275,850)
Other comprehensive income (loss) before reclassification		(2,200)			(26,127)			(56,082)	³		(84,409)
Amounts reclassified from AOCI		939	¹		3,700	²		—			4,639
Net current-period other comprehensive income (loss)		(1,261)			(22,427)			(56,082)			(79,770)
Balance at June 30, 2020	$	365		$	(92,973)		$	(263,012)		$	(355,620)

(1)

During the six months ended June 30, 2021, the AOCI reclassification is a component of Net sales of $172 (net of tax of $69) and Cost of goods sold of $731 (net of tax of $243); during the six months ended June 30, 2020, the reclassification is a component of Net sales of $(1,106) (net of tax of $(419)) and Cost of goods sold of $(167) (net of tax of $(101)). See Note 16 to the consolidated financial statements for additional details.

(2)

This AOCI component is included in the computation of net periodic pension costs (net of tax of $2,901 and $1,166) during the six months ended June 30, 2021 and 2020, respectively. See Note 13 to the consolidated financial statements for additional details.

(3)

The Other comprehensive income (loss) before reclassifications excludes $(269) and $(58) attributable to Non-controlling interests in the six months ended June 30, 2021 and 2020, respectively.