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Changes in Accumulated Other Comprehensive Income (Loss) by Component
 3 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss) by Component
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, 2017 and 2016:
 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2017
$
(227
)
 
$
(114,570
)
 
$
(86,031
)
 
$
(200,828
)
Other comprehensive income (loss) before reclassifications to consolidated statements of income
27

 
(214
)
 
18,609

 
18,422

Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
56

 
1,479

 
—

 
1,535

Net current-period other comprehensive income
83

 
1,265

 
18,609

 
19,957

March 31, 2017
$
(144
)
 
$
(113,305
)
 
$
(67,422
)
 
$
(180,871
)


 
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
)


The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2017 and 2016:

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, 2017
 
Three months ended March 31, 2016
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
     Interest rate contracts
 
$
(53
)
 
$
(151
)
 
Interest expense
     Foreign exchange contracts
 
(30
)
 
5

 
Net sales
 
 
(83
)
 
(146
)
 
Total before tax
 
 
27

 
55

 
Tax benefit
 
 
(56
)
 
(91
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
     Amortization of prior-service (costs) credits, net
 
$
(92
)
 
$
43

 
(A)
Amortization of actuarial losses
 
(2,549
)
 
(2,732
)
 
(A)
Settlement gain
 
261

 
—

 
(A)
 
 
(2,380
)
 
(2,689
)
 
Total before tax
 
 
901

 
935

 
Tax benefit
 
 
(1,479
)
 
(1,754
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(1,535
)
 
$
(1,845
)
 
 

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