Changes in Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Changes in Accumulated Other Comprehensive Loss

Note 11. Changes in Accumulated Other Comprehensive Loss

The following table presents the changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2021 and 2020 (in thousands):

	Accumulated Other Comprehensive Loss for the Nine Months Ended September 30, 2021								Accumulated Other Comprehensive Loss for the Nine Months Ended September 30, 2020
	Changes related to cash flow derivative hedges		Changes in defined benefit plans		Foreign currency translation adjustments		Accumulated other comprehensive loss		Changes related to cash flow derivative hedges		Changes in defined benefit plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Accumulated comprehensive loss at beginning of the year	$	(650,519)	$	(65,542)	$	(23,280)	$	(739,341)	$	(688,529)	$	(45,558)	$	(63,626)	$	(797,713)
Other comprehensive income (loss) before reclassifications	23,752		313		11,255		35,320		(172,323)		(18,503)		(13,346)		(204,172)
Amounts reclassified from accumulated other comprehensive loss	24,762		3,435		—		28,197		62,184		1,550		69,044		132,778
Net current-period other comprehensive income (loss)	48,514		3,748		11,255		63,517		(110,139)		(16,953)		55,698		(71,394)
Ending balance	$	(602,005)	$	(61,794)	$	(12,025)	$	(675,824)	$	(798,668)	$	(62,511)	$	(7,928)	$	(869,107)

The following table presents reclassifications out of accumulated other comprehensive loss for the quarters and nine months ended September 30, 2021 and 2020 (in thousands):

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income
Details About Accumulated Other Comprehensive Loss Components	Quarter Ended September 30, 2021		Quarter Ended September 30, 2020		Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020		Affected Line Item in Statements of Comprehensive Loss
Gain (loss) on cash flow derivative hedges:
Interest rate swaps	$	(11,418)	$	(6,532)	$	(32,376)	$	(15,939)	Interest expense, net of interest capitalized
Foreign currency forward contracts	(3,905)		(3,782)		(11,541)		(10,899)		Depreciation and amortization expenses
Foreign currency forward contracts	(505)		(1,511)		(2,311)		(5,855)		Other income (expense)
Fuel swaps	(2)		536		(416)		3,029		Other income (expense)
Fuel swaps	10,600		(5,598)		21,882		(32,520)		Fuel
	(5,230)		(16,887)		(24,762)		(62,184)
Amortization of defined benefit plans:
Actuarial loss	(1,145)		(517)		(3,435)		(1,550)		Payroll and related
	(1,145)		(517)		(3,435)		(1,550)
Release of net foreign cumulative translation due to sale or liquidation of businesses:
Foreign cumulative translation	—		(34,697)		—		(69,044)		Other operating
Total reclassifications for the period	$	(6,375)	$	(52,101)	$	(28,197)	$	(132,778)

During the nine months ended September 30, 2020, a $69.0 million loss was recorded within Other expense in our consolidated statements of comprehensive (loss) income, consisting of a $92.6 million loss resulting from the recognition of a currency translation adjustment, partially offset by the recognition of a deferred $23.6 million foreign exchange gain related to the Pullmantur net investment hedge. In connection with the Pullmantur reorganization in 2020, we no longer have significant involvement in the Pullmantur operations and these amounts previously deferred in Accumulated other comprehensive loss were recognized in earnings. Of the $69.0 million loss, $34.3 million and $34.7 million was released from Accumulated other comprehensive loss during the quarters ended June 30, 2020 and September 30, 2020, respectively.