ACCUMULATED OTHER COMPREHENSIVE LOSS |
NOTE 12—ACCUMULATED OTHER COMPREHENSIVE LOSS:
The following table sets forth information with respect to accumulated other comprehensive earnings (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
(4,145)
|
|
|
(273)
|
|
|
(2,041)
|
|
|
(392)
|
|
|
874
|
|
|
(5,977)
|
Reclassifications from accumulated other comprehensive loss
|
|
|
—
|
|
|
—
|
|
|
1,602
|
|
|
1,035
|
|
|
(926)
|
|
|
1,711
|
Other comprehensive earnings (loss) net of tax
|
|
|
(4,145)
|
|
|
(273)
|
|
|
(439)
|
|
|
643
|
|
|
(52)
|
|
|
(4,266)
|
Balance at December 31, 2015
|
|
$
|
(21,644)
|
|
$
|
(605)
|
|
$
|
(1,675)
|
|
$
|
173
|
|
$
|
6,387
|
|
$
|
(17,364)
|
Other comprehensive earnings (loss) before reclassifications
|
|
|
(3,816)
|
|
|
(95)
|
|
|
325
|
|
|
1,481
|
|
|
(466)
|
|
|
(2,571)
|
Reclassifications from accumulated other comprehensive loss
|
|
|
—
|
|
|
3
|
|
|
1,274
|
|
|
(540)
|
|
|
(1,048)
|
|
|
(311)
|
Other comprehensive earnings (loss) net of tax
|
|
|
(3,816)
|
|
|
(92)
|
|
|
1,599
|
|
|
941
|
|
|
(1,514)
|
|
|
(2,882)
|
Balance at December 31, 2016
|
|
$
|
(25,460)
|
|
$
|
(697)
|
|
$
|
(76)
|
|
$
|
1,114
|
|
$
|
4,873
|
|
$
|
(20,246)
|
The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:
|
|
|
|
|
|
|
|
|
|
Details about Accumulated Other
|
|
Year to Date Ended
|
|
|
|
Comprehensive Income Components
|
|
December 31, 2016
|
|
December 31, 2015
|
|
Location of (Gain) Loss Recognized in Earnings
|
|
Investments
|
|
$
|
5
|
|
$
|
-
|
|
Other income, net
|
|
Foreign currency derivatives
|
|
|
1,997
|
|
|
2,510
|
|
Other income, net
|
|
Commodity derivatives
|
|
|
(847)
|
|
|
1,623
|
|
Product cost of goods sold
|
|
Postretirement and pension benefits
|
|
|
(838)
|
|
|
(740)
|
|
Selling, marketing and administrative expenses
|
|
Postretirement and pension benefits
|
|
|
(804)
|
|
|
(711)
|
|
Product cost of goods sold
|
|
Total before tax
|
|
|
(487)
|
|
|
2,682
|
|
|
|
Tax expense (benefit)
|
|
|
176
|
|
|
(971)
|
|
|
|
Net of tax
|
|
$
|
(311)
|
|
$
|
1,711
|
|
|
|
|