| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables present the tax effects of each component of other comprehensive income for the three and six months ended June 30, 2019 and 2018:
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Three months ended June 30, |
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2019 |
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2018 |
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Pre-tax amount |
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Tax benefit/(expense) |
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After-tax amount |
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Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans: |
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Amortization of net gains and (losses) |
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$ |
(8 |
) |
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$ |
2 |
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|
$ |
(6 |
) |
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$ |
1,853 |
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|
$ |
(463 |
) |
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$ |
1,390 |
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Amortization of prior service cost |
|
(33 |
) |
|
8 |
|
|
(25 |
) |
|
(20 |
) |
|
5 |
|
|
(15 |
) |
Benefit plans, net |
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(41 |
) |
|
10 |
|
|
(31 |
) |
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1,833 |
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|
(458 |
) |
|
1,375 |
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Net (loss) gain from hedging activities |
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(1,556 |
) |
|
389 |
|
|
(1,167 |
) |
|
737 |
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|
(184 |
) |
|
553 |
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Foreign currency translation |
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5,469 |
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|
616 |
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|
6,085 |
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(29,947 |
) |
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454 |
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(29,493 |
) |
Other comprehensive income (loss) |
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$ |
3,872 |
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$ |
1,015 |
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$ |
4,887 |
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|
$ |
(27,377 |
) |
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$ |
(188 |
) |
|
$ |
(27,565 |
) |
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Six months ended June 30, |
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2019 |
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2018 |
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Pre-tax amount |
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Tax benefit/(expense) |
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After-tax amount |
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Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans: |
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Amortization of net gains and (losses) |
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$ |
(16 |
) |
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$ |
4 |
|
|
$ |
(12 |
) |
|
$ |
1,848 |
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|
$ |
(462 |
) |
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$ |
1,386 |
|
Amortization of prior service cost |
|
(65 |
) |
|
16 |
|
|
(49 |
) |
|
(39 |
) |
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10 |
|
|
(29 |
) |
Benefit plans, net |
|
(81 |
) |
|
20 |
|
|
(61 |
) |
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1,809 |
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(452 |
) |
|
1,357 |
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Net (loss) gain from hedging activities |
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(3,625 |
) |
|
906 |
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(2,719 |
) |
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3,649 |
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(913 |
) |
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2,736 |
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Foreign currency translation |
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14,751 |
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(1,499 |
) |
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13,252 |
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(19,833 |
) |
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(989 |
) |
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(20,822 |
) |
Other comprehensive income (loss) |
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$ |
11,045 |
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$ |
(573 |
) |
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$ |
10,472 |
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|
$ |
(14,375 |
) |
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$ |
(2,354 |
) |
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$ |
(16,729 |
) |
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The following table presents the changes in accumulated other comprehensive income (loss), net of tax, by component for the six months ended June 30, 2019 and 2018:
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Defined benefit
and other
postretirement
plans |
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Net gain (loss)
from hedging
activities
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Foreign
currency
translation |
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Total |
December 31, 2018 |
|
$ |
(546 |
) |
|
$ |
637 |
|
|
$ |
(39,195 |
) |
|
$ |
(39,104 |
) |
Other comprehensive income (loss) before reclassifications |
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2 |
|
|
(2,861 |
) |
|
12,797 |
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|
9,938 |
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Amounts reclassified from accumulated other comprehensive income(1)
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|
(63 |
) |
|
142 |
|
|
— |
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|
79 |
|
Net current period other comprehensive income (loss) |
|
(61 |
) |
|
(2,719 |
) |
|
12,797 |
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|
10,017 |
|
Tax Cuts and Jobs Act, reclassification from AOCI to retained earnings |
|
1,684 |
|
|
190 |
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— |
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|
1,874 |
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June 30, 2019 |
|
$ |
1,077 |
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|
$ |
(1,892 |
) |
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$ |
(26,398 |
) |
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$ |
(27,213 |
) |
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December 31, 2017 |
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$ |
7,412 |
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|
$ |
967 |
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$ |
(4,068 |
) |
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$ |
4,311 |
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Other comprehensive income (loss) before reclassifications |
|
1,387 |
|
|
2,613 |
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|
(20,582 |
) |
|
(16,582 |
) |
Amounts reclassified from accumulated other comprehensive income(1)
|
|
(30 |
) |
|
123 |
|
|
— |
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|
93 |
|
Net current period other comprehensive income (loss) |
|
1,357 |
|
|
2,736 |
|
|
(20,582 |
) |
|
(16,489 |
) |
June 30, 2018 |
|
$ |
8,769 |
|
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$ |
3,703 |
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$ |
(24,650 |
) |
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$ |
(12,178 |
) |
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(1)
See the following table for details about these reclassifications. Amounts in parentheses indicate debits.
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