| Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss):
The following table presents the tax effects of each component of other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
2017 |
|
2016 |
|
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 |
$ |
(33 |
) |
|
$ |
13 |
|
|
$ |
(20 |
) |
|
$ |
162 |
|
|
$ |
— |
|
|
$ |
162 |
|
Benefit plans, net |
(33 |
) |
|
13 |
|
|
(20 |
) |
|
162 |
|
|
— |
|
|
162 |
|
Net loss (gain) from hedging activities |
(486 |
) |
|
185 |
|
|
(301 |
) |
|
324 |
|
|
(123 |
) |
|
201 |
|
Foreign currency translation |
21,343 |
|
|
(2,493 |
) |
|
18,850 |
|
|
1,930 |
|
|
(644 |
) |
|
1,286 |
|
Other comprehensive income (loss) |
$ |
20,824 |
|
|
$ |
(2,295 |
) |
|
$ |
18,529 |
|
|
$ |
2,416 |
|
|
$ |
(767 |
) |
|
$ |
1,649 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, |
|
2017 |
|
2016 |
|
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 |
$ |
(261 |
) |
|
$ |
38 |
|
|
$ |
(223 |
) |
|
$ |
486 |
|
|
$ |
— |
|
|
$ |
486 |
|
Benefit plans, net |
(261 |
) |
|
38 |
|
|
(223 |
) |
|
486 |
|
|
— |
|
|
486 |
|
Net loss (gain) from hedging activities |
(5,373 |
) |
|
2,047 |
|
|
(3,326 |
) |
|
2,100 |
|
|
(798 |
) |
|
1,302 |
|
Foreign currency translation |
69,202 |
|
|
(8,710 |
) |
|
60,492 |
|
|
(9,605 |
) |
|
1,686 |
|
|
(7,919 |
) |
Other comprehensive income (loss) |
$ |
63,568 |
|
|
$ |
(6,625 |
) |
|
$ |
56,943 |
|
|
$ |
(7,019 |
) |
|
$ |
888 |
|
|
$ |
(6,131 |
) |
The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the nine months ended September 30, 2017 and 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Defined benefit
and other
postretirement
plans
|
|
Net gain (loss)
from hedging
activities |
|
Foreign
currency
translation
|
|
Total
|
December 31, 2016 |
$ |
7,513 |
|
|
$ |
4,557 |
|
|
$ |
(65,781 |
) |
|
$ |
(53,711 |
) |
Other comprehensive income (loss) before reclassifications |
(322 |
) |
|
(3,404 |
) |
|
60,238 |
|
|
56,512 |
|
Amounts reclassified from accumulated other comprehensive income(a)
|
99 |
|
|
78 |
|
|
— |
|
|
177 |
|
Net current period other comprehensive income (loss) |
(223 |
) |
|
(3,326 |
) |
|
60,238 |
|
|
56,689 |
|
September 30, 2017 |
$ |
7,290 |
|
|
$ |
1,231 |
|
|
$ |
(5,543 |
) |
|
$ |
2,978 |
|
|
|
|
|
|
|
|
|
December 31, 2015 |
$ |
648 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
648 |
|
Other comprehensive income (loss) before reclassifications |
486 |
|
|
591 |
|
|
(7,306 |
) |
|
(6,229 |
) |
Amounts reclassified from accumulated other comprehensive income(a)
|
— |
|
|
711 |
|
|
— |
|
|
711 |
|
Net current period other comprehensive income (loss) |
486 |
|
|
1,302 |
|
|
(7,306 |
) |
|
(5,518 |
) |
September 30, 2016 |
$ |
1,134 |
|
|
$ |
1,302 |
|
|
$ |
(7,306 |
) |
|
$ |
(4,870 |
) |
—————
|
|
(a) |
See the following table for details about these reclassifications. |
The following table presents the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016. Amounts in parenthesis indicate debits to profit/loss.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Details about Accumulated Other
Comprehensive Income Components
|
|
Amount Reclassified from
Accumulated Other
Comprehensive Income
|
Affected Line Item in the
Statement Where Net
Income is Presented |
|
|
Three months ended
September 30, |
|
Nine months ended
September 30, |
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
Defined benefit and other postretirement plans |
|
|
|
|
|
|
|
|
|
Amortization of prior service cost |
|
$ |
20 |
|
|
$ |
— |
|
|
$ |
60 |
|
|
$ |
— |
|
(a) |
Amortization of net gain (loss) |
|
19 |
|
|
— |
|
|
58 |
|
|
— |
|
(a) |
|
|
39 |
|
|
— |
|
|
118 |
|
|
— |
|
Total before tax |
|
|
(6 |
) |
|
— |
|
|
(19 |
) |
|
— |
|
Tax (expense) benefit |
|
|
$ |
33 |
|
|
$ |
— |
|
|
$ |
99 |
|
|
$ |
— |
|
Net of tax |
|
|
|
|
|
|
|
|
|
|
Net gain (loss) from hedging activities |
|
|
|
|
|
|
|
|
|
Interest rate caps |
|
$ |
13 |
|
|
$ |
(2 |
) |
|
$ |
22 |
|
|
$ |
(2 |
) |
Interest expense |
Natural gas swaps |
|
94 |
|
|
420 |
|
|
104 |
|
|
1,148 |
|
Cost of goods sold |
|
|
107 |
|
|
418 |
|
|
126 |
|
|
1,146 |
|
Total before tax |
|
|
(41 |
) |
|
(159 |
) |
|
(48 |
) |
|
(435 |
) |
Tax (expense) benefit |
|
|
$ |
66 |
|
|
$ |
259 |
|
|
$ |
78 |
|
|
$ |
711 |
|
Net of tax |
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period |
|
$ |
99 |
|
|
$ |
259 |
|
|
$ |
177 |
|
|
$ |
711 |
|
Net of tax |
—————
|
|
(a) |
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). |
|