Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Tables)

v3.10.0.1
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables present the tax effects of each component of other comprehensive income (loss) for the three and six months ended June 30, 2018 and 2017:
 
 
Three months ended June 30,
 
 
2018
 
2017
 
 
Pre-tax amount
 
Tax benefit/(expense)
 
After-tax amount
 
Pre-tax amount
 
Tax benefit/(expense)
 
After-tax amount
Defined benefit and other postretirement plans:
 
 
 
 
 
 
 
 
 
 
 
 
Amortization and unrealized losses
 
$
1,833

 
$
(458
)
 
$
1,375

 
$
(34
)
 
$
12

 
$
(22
)
Benefit plans, net
 
1,833

 
(458
)
 
1,375

 
(34
)
 
12

 
(22
)
Net gain (loss) from hedging activities
 
737

 
(184
)
 
553

 
(2,025
)
 
769

 
(1,256
)
Foreign currency translation
 
(29,947
)
 
454

 
(29,493
)
 
30,612

 
(4,307
)
 
26,305

Other comprehensive income (loss)
 
$
(27,377
)
 
$
(188
)
 
$
(27,565
)
 
$
28,553

 
$
(3,526
)
 
$
25,027

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
2018
 
2017
 
 
Pre-tax amount
 
Tax benefit/(expense)
 
After-tax amount
 
Pre-tax amount
 
Tax benefit/(expense)
 
After-tax amount
Defined benefit and other postretirement plans:
 
 
 
 
 
 
 
 
 
 
 
 
Amortization and unrealized losses
 
$
1,809

 
$
(452
)
 
$
1,357

 
$
(228
)
 
$
25

 
$
(203
)
Benefit plans, net
 
1,809

 
(452
)
 
1,357

 
(228
)
 
25

 
(203
)
Net gain (loss) from hedging activities
 
3,649

 
(913
)
 
2,736

 
(4,887
)
 
1,862

 
(3,025
)
Foreign currency translation
 
(19,833
)
 
(989
)
 
(20,822
)
 
47,859

 
(6,217
)
 
41,642

Other comprehensive income (loss)
 
$
(14,375
)
 
$
(2,354
)
 
$
(16,729
)
 
$
42,744

 
$
(4,330
)
 
$
38,414

 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the change in accumulated other comprehensive income, net of tax, by component for the six months ended June 30, 2018 and 2017: 
 
 
Defined benefit
and other
postretirement
plans 
 
Net gain (loss) from hedging activities
 
Foreign
currency
translation 
 
Total 
December 31, 2017
 
$
7,412

 
$
967

 
$
(4,068
)
 
$
4,311

Other comprehensive income (loss) before reclassifications
 
1,387

 
2,613

 
(20,582
)
 
(16,582
)
Amounts reclassified from accumulated other comprehensive income(1)
 
(30
)
 
123

 

 
93

Net current period other comprehensive income (loss)
 
1,357

 
2,736

 
(20,582
)
 
(16,489
)
June 30, 2018
 
$
8,769

 
$
3,703

 
$
(24,650
)
 
$
(12,178
)
 
 
 
 
 
 
 
 
 
December 31, 2016
 
$
7,513

 
$
4,557

 
$
(65,781
)
 
$
(53,711
)
Other comprehensive income (loss) before reclassifications
 
(137
)
 
(3,038
)
 
41,141

 
37,966

Amounts reclassified from accumulated other comprehensive income(1)  
 
(66
)
 
13

 

 
(53
)
Net current period other comprehensive income (loss)
 
(203
)
 
(3,025
)
 
41,141

 
37,913

June 30, 2017
 
$
7,310

 
$
1,532

 
$
(24,640
)
 
$
(15,798
)
 
 
 
 
 
 
 
 
 
 
(1) 
See the following table for details about these reclassifications. Amounts in parentheses indicate debits.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the reclassifications out of accumulated other comprehensive income for the three and six months ended June 30, 2018 and 2017.
Details about Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income(a)
 
Affected Line Item in the Statements of Operations
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
Defined benefit and other postretirement plans
 
 
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
$
(20
)
 
$
(20
)
 
$
(39
)
 
$
(39
)
 
(b)
Amortization of net (gain) loss
 
1

 
(19
)
 
3

 
(38
)
 
(b)
 
 
(19
)
 
(39
)
 
(36
)
 
(77
)
 
Total before tax
 
 
3

 
6

 
6

 
11

 
Tax expense (benefit)
 
 
$
(16
)
 
$
(33
)
 
$
(30
)
 
$
(66
)
 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Net (gain) loss from hedging activities
 
 
 
 
 
 
 
 
 
 
Interest rate caps
 
$
58

 
$
9

 
$
93

 
$
11

 
Interest expense
Natural gas swaps
 
99

 
28

 
71

 
10

 
Cost of goods sold
 
 
157

 
37

 
164

 
21

 
Total before tax
 
 
(39
)
 
(8
)
 
(41
)
 
(8
)
 
Tax expense (benefit)
 
 
$
118

 
$
29

 
$
123

 
$
13

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
102

 
$
(4
)
 
$
93

 
$
(53
)
 
Net of tax
 
(a) 
Amounts in parentheses indicate credits to profit/loss.
(b) 
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost (see Note 15 to these condensed consolidated financial statements for additional details).