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Accumulated Other Comprehensive Earnings (Loss)
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Earnings (Loss)  
Accumulated Other Comprehensive Earnings (Loss)

Note 8 — 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, 2018

    

$

(24,159)

    

$

(1,516)

    

$

(309)

    

$

(444)

    

$

4,206

    

$

(22,222)

Other comprehensive earnings (loss) before reclassifications

 

 

391

 

 

1,112

 

 

159

 

 

258

 

 

 -

 

 

1,920

Reclassifications from accumulated other comprehensive loss

 

 

 -

 

 

 -

 

 

 -

 

 

72

 

 

(288)

 

 

(216)

Other comprehensive earnings (loss) net of tax

 

 

391

 

 

1,112

 

 

159

 

 

330

 

 

(288)

 

 

1,704

Balance at March 31, 2019

 

$

(23,768)

 

$

(404)

 

$

(150)

 

$

(114)

 

$

3,918

 

$

(20,518)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

Accumulated

 

 

Foreign

 

 

 

Foreign

 

 

 

Postretirement

 

Other

 

 

Currency

 

 

 

Currency

 

Commodity

 

and Pension

 

Comprehensive

 

 

Translation

 

Investments

 

Derivatives

 

Derivatives

 

Benefits

 

Earnings (Loss)

Balance at December 31, 2017

 

$

(24,262)

    

$

(889)

    

$

51

    

$

20

    

$

3,289

    

$

(21,791)

Other comprehensive earnings (loss) before reclassifications

 

 

1,612

 

 

(948)

 

 

(8)

 

 

(1,107)

 

 

 -

 

 

(451)

Reclassifications from accumulated other comprehensive loss

 

 

 -

 

 

 -

 

 

(36)

 

 

253

 

 

(251)

 

 

(34)

Other comprehensive earnings (loss) net of tax

 

 

1,612

 

 

(948)

 

 

(44)

 

 

(854)

 

 

(251)

 

 

(485)

Adoption of ASU 2018-02 (See Note 1)

 

 

 -

 

 

(168)

 

 

 9

 

 

 4

 

 

748

 

 

593

Balance at March 31, 2018

 

$

(22,650)

 

$

(2,005)

 

$

16

 

$

(830)

 

$

3,786

 

$

(21,683)

 

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

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other

 

Quarter Ended

 

Location of (Gain) Loss

Comprehensive Income Components

 

March 31, 2019

 

March 31, 2018

 

Recognized in Earnings

Foreign currency derivatives

 

$

 -

 

$

(47)

 

Other income, net

Commodity derivatives

 

 

96

 

 

334

 

Product cost of goods sold

Postretirement and pension benefits

 

 

(381)

 

 

(331)

 

Other income, net

Total before tax

 

 

(285)

 

 

(44)

 

 

Tax (expense) benefit

 

 

69

 

 

10

 

 

Net of tax

 

$

(216)

 

$

(34)