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Accumulated Other Comprehensive Earnings (Loss)
3 Months Ended
Mar. 31, 2016
Accumulated Other Comprehensive Earnings (Loss)  
Accumulated Other Comprehensive Earnings (Loss)

Note 7 — Accumulated Other Comprehensive Earnings (Loss)

 

Accumulated Other Comprehensive Earnings (Loss) consists of the following components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

Accumulated

 

 

Foreign

 

 

 

Foreign

 

 

 

Postretirement

 

Other

 

 

Currency

 

 

 

Currency

 

Commodity

 

and Pension

 

Comprehensive

 

 

Translation

 

Investments

 

Derivatives

 

Derivatives

 

Benefits

 

Earnings (Loss)

Balance at December 31, 2015

    

$

(21,644)

    

$

(605)

    

$

(1,675)

    

$

173

    

$

6,387

    

$

(17,364)

Other comprehensive earnings (loss) before reclassifications

 

 

205

 

 

312

 

 

427

 

 

187

 

 

 -

 

 

1,131

Reclassifications from accumulated other comprehensive loss

 

 

 -

 

 

3

 

 

387

 

 

4

 

 

(262)

 

 

132

Other comprehensive earnings (loss) net of tax

 

 

205

 

 

315

 

 

814

 

 

191

 

 

(262)

 

 

1,263

Balance at March 31, 2016

 

$

(21,439)

 

$

(290)

 

$

(861)

 

$

364

 

$

6,125

 

$

(16,101)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

Accumulated

 

 

Foreign

 

 

 

Foreign

 

 

 

Postretirement

 

Other

 

 

Currency

 

 

 

Currency

 

Commodity

 

and Pension

 

Comprehensive

 

 

Translation

 

Investments

 

Derivatives

 

Derivatives

 

Benefits

 

Earnings (Loss)

Balance at December 31, 2014

 

$

(17,499)

    

$

(332)

    

$

(1,236)

    

$

(470)

    

$

6,439

 

$

(13,098)

Other comprehensive earnings (loss) before reclassifications

 

 

(1,159)

 

 

237

 

 

(1,214)

 

 

(722)

 

 

 -

 

 

(2,858)

Reclassifications from accumulated other comprehensive loss

 

 

 -

 

 

 -

 

 

327

 

 

103

 

 

(232)

 

 

198

Other comprehensive earnings (loss) net of tax

 

 

(1,159)

 

 

237

 

 

(887)

 

 

(619)

 

 

(232)

 

 

(2,660)

Balance at March 31, 2015

 

$

(18,658)

 

$

(95)

 

$

(2,123)

 

$

(1,089)

 

$

6,207

 

$

(15,758)

 

The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other

 

Quarter Ended

 

 

Comprehensive Income Components

 

March 31, 2016

 

March 31, 2015

 

Location of (Gain) Loss Recognized in Earnings

Investments

 

$

4

 

$

 -

 

Other income, net

Foreign currency derivatives

 

 

606

 

 

513

 

Other income, net

Commodity derivatives

 

 

7

 

 

162

 

Product cost of goods sold

Postretirement and pension benefits

 

 

(210)

 

 

(185)

 

Selling, marketing and administrative expenses

Postretirement and pension benefits

 

 

(201)

 

 

(178)

 

Product cost of goods sold

Total before tax

 

 

206

 

 

312

 

 

Tax (expense) benefit

 

 

(74)

 

 

(114)

 

 

Net of tax

 

$

132

 

$

198