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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)
 6 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) By Component

The following tables set forth the changes in accumulated other comprehensive income (loss), net of tax, by component for the six month periods ended June 30, 2020 and 2019:
 
Gains and Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefit Items
 
Foreign Currency Items
 
Total
January 1, 2020
$
(115
)
 
$
(144,047
)
 
$
(66,333
)
 
$
(210,495
)
Other comprehensive income (loss) before reclassifications
(2,255
)
 
(5,141
)
 
(16,077
)
 
(23,473
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
729

 
5,599

 
—

 
6,328

Net current-period other comprehensive income (loss)
(1,526
)
 
458

 
(16,077
)
 
(17,145
)
June 30, 2020
$
(1,641
)
 
$
(143,589
)
 
$
(82,410
)
 
$
(227,640
)


 
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 income (loss) before reclassifications
(2,038
)
 
(265
)
 
(5,224
)
 
(7,527
)
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income
245

 
3,802

 
—

 
4,047

Net current-period other comprehensive income (loss)
(1,793
)
 
3,537

 
(5,224
)
 
(3,480
)
June 30, 2019
$
(959
)
 
$
(135,153
)
 
$
(57,868
)
 
$
(193,980
)
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 June 30, 2020 and 2019:
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
June 30, 2020
 
Three Months Ended
June 30, 2019
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
Interest rate contracts
 
$
(356
)
 
$
139

 
Interest expense
Foreign exchange contracts
 
74

 
(252
)
 
Net sales
 
 
(282
)
 
(113
)
 
Total before tax
 
 
95

 
22

 
Tax benefit
 
 
(187
)
 
(91
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
 Amortization of prior service costs
 
$
(80
)
 
$
(105
)
 
(A)
Amortization of actuarial losses
 
(3,302
)
 
(2,282
)
 
(A)
Curtailment loss
 
(484
)
 
—

 
(A)
Settlement loss
 
—

 
(247
)
 
(A)
 
 
(3,866
)
 
(2,634
)
 
Total before tax
 
 
906

 
569

 
Tax benefit
 
 
(2,960
)
 
(2,065
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(3,147
)
 
$
(2,156
)
 
 


The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) by component for the six month periods ended June 30, 2020 and 2019:

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
 
 
Six Months Ended
June 30, 2020
 
Six Months Ended
June 30, 2019
 
 
Gains and losses on cash flow hedges
 
 
 
 
 
 
Interest rate contracts
 
$
(417
)
 
$
281

 
Interest expense
Foreign exchange contracts
 
(449
)
 
(589
)
 
Net sales
 
 
(866
)
 
(308
)
 
Total before tax
 
 
137

 
63

 
Tax benefit
 
 
(729
)
 
(245
)
 
Net of tax
 
 
 
 
 
 
 
Pension and other postretirement benefit items
 
 
 
 
 
 
 Amortization of prior service costs
 
$
(167
)
 
$
(214
)
 
(A)
Amortization of actuarial losses
 
(6,664
)
 
(4,450
)
 
(A)
Curtailment loss
 
(484
)
 
—

 
(A)
Settlement loss
 
—

 
(247
)
 
(A)
 
 
(7,315
)
 
(4,911
)
 
Total before tax
 
 
1,716

 
1,109

 
Tax benefit
 
 
(5,599
)
 
(3,802
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications in the period
 
$
(6,328
)
 
$
(4,047
)
 
 


(A) These accumulated other comprehensive income (loss) components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.