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Changes in Accumulated Other Comprehensive Income by Component (Tables)
12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2019 and December 31, 2018:

 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2019
$
834

 
$
(138,690
)
 
$
(52,644
)
 
$
(190,500
)
Other comprehensive (loss) income before reclassifications to consolidated statements of income
(1,436
)
 
(12,743
)
 
(13,689
)
 
(27,868
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
487

 
7,386

 

 
7,873

Net current-period other comprehensive loss
(949
)
 
(5,357
)
 
(13,689
)
 
(19,995
)
December 31, 2019
$
(115
)
 
$
(144,047
)
 
$
(66,333
)
 
$
(210,495
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2018
$
72

 
$
(103,844
)
 
$
(2,627
)
 
$
(106,399
)
Other comprehensive loss before reclassifications to consolidated statements of income
(410
)
 
(25,170
)
 
(50,017
)
 
(75,597
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
1,083

 
9,744

 

 
10,827

Net current-period other comprehensive income (loss)
673

 
(15,426
)
 
(50,017
)
 
(64,770
)
Amounts reclassified from accumulated other comprehensive income to retained earnings (A)
89

 
(19,420
)
 

 
(19,331
)
December 31, 2018
$
834

 
$
(138,690
)
 
$
(52,644
)
 
$
(190,500
)
 
 
 
 
 
 
 
 
(A) This amount represents the reclassification of stranded tax effects resulting from the Act, as permitted by amended guidance issued by the FASB in February 2018. See Note 1.


Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income to the Consolidated Statements of Income
The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2019 and December 31, 2018:
Details about Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Affected Line Item in the Consolidated Statements of Income
 
 
2019
 
2018
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
     Interest rate contracts
 
$
347

 
$
(277
)
 
Interest expense
     Foreign exchange contracts
 
(956
)
 
(1,116
)
 
Net sales
 
 
(609
)
 
(1,393
)
 
Total before tax
 
 
122

 
310

 
Tax benefit
 
 
(487
)
 
(1,083
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
     Amortization of prior-service costs, net
 
$
(429
)
 
$
(580
)
 
(A)
Amortization of actuarial losses
 
(8,902
)
 
(12,189
)
 
(A)
     Settlement loss
 
(340
)
 

 
(A)
 
 
(9,671
)
 
(12,769
)
 
Total before tax
 
 
2,285

 
3,025

 
Tax benefit
 
 
(7,386
)
 
(9,744
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(7,873
)
 
$
(10,827
)
 
 
(A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 13.