Changes in Accumulated Other Comprehensive Income by Component

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2020 and December 31, 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 (loss) income before reclassifications to consolidated statements of income	(1,674)		(9,673)		86,894		75,547
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income	1,032		11,601		—		12,633
Net current-period other comprehensive (loss) income	(642)		1,928		86,894		88,180
December 31, 2020	$	(757)	$	(142,119)	$	20,561	$	(122,315)


	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 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)

The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2020 and December 31, 2019:


Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Consolidated Statements of Income
	2020		2019
Gains and losses on cash flow hedges
Interest rate contracts	$	(1,321)	$	347	Interest expense
Foreign exchange contracts	(11)		(956)		Net sales
	(1,332)		(609)		Total before tax
	300		122		Tax benefit
	(1,032)		(487)		Net of tax

Pension and other postretirement benefit items
Amortization of prior-service costs	$	(386)	$	(429)	(A)
Amortization of actuarial losses	(13,661)		(8,902)		(A)
Curtailment loss	(484)		—		(A)
Settlement loss	(549)		(340)		(A)
	(15,080)		(9,671)		Total before tax
	3,479		2,285		Tax benefit
	(11,601)		(7,386)		Net of tax






Total reclassifications in the period	$	(12,633)	$	(7,873)

(A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 13.