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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)
3 Months Ended
Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) By Component
The following table sets forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the three month periods ended March 31, 2016 and 2015:
 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2016
$
115

 
$
(105,703
)
 
$
(37,664
)
 
$
(143,252
)
Other comprehensive (loss) income before reclassifications to consolidated statements of income
(239
)
 
(436
)
 
20,713

 
20,038

Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
91

 
1,754

 

 
1,845

Net current-period other comprehensive (loss) income
(148
)
 
1,318

 
20,713

 
21,883

March 31, 2016
$
(33
)
 
$
(104,385
)
 
$
(16,951
)
 
$
(121,369
)


 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2015
$
(732
)
 
$
(115,289
)
 
$
16,568

 
$
(99,453
)
Other comprehensive (loss) income before reclassifications to consolidated statements of income
(201
)
 
1,330

 
(39,757
)
 
(38,628
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
313

 
2,331

 

 
2,644

Net current-period other comprehensive income (loss)
112

 
3,661

 
(39,757
)
 
(35,984
)
March 31, 2015
$
(620
)
 
$
(111,628
)
 
$
(23,189
)
 
$
(135,437
)
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) to the Consolidated Statements of Income
The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2016 and 2015:

Details about Accumulated Other Comprehensive Income (Loss) Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Affected Line Item in the Consolidated Statements of Income
 
 
Three months ended March 31, 2016
 
Three months ended March 31, 2015
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
     Interest rate contracts
 
$
(151
)
 
$
(196
)
 
Interest expense
     Foreign exchange contracts
 
5

 
(244
)
 
Net sales
 
 
(146
)
 
(440
)
 
Total before tax
 
 
55

 
127

 
Tax benefit
 
 
(91
)
 
(313
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
     Amortization of prior-service credits, net
 
$
43

 
$
63

 
(A)
Amortization of actuarial losses
 
(2,732
)
 
(3,690
)
 
(A)
 
 
(2,689
)
 
(3,627
)
 
Total before tax
 
 
935

 
1,296

 
Tax benefit
 
 
(1,754
)
 
(2,331
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(1,845
)
 
$
(2,644
)
 
 

(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic pension cost. See Note 8.