Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.10.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the components of accumulated other comprehensive income (loss), net of tax, as of December 31, 2018 and 2017:
 
 
December 31,
 
 
2018
 
2017
Amortization and unrealized gains (losses) on pension and postretirement plans, net of tax of ($2,362) and ($4,761)
 
$
(546
)
 
$
7,412

Net changes in fair values of derivatives, net of tax of ($474) and ($584)
 
637

 
967

Foreign currency translation adjustments, net of tax of $5,154 and $790
 
(39,195
)
 
(4,068
)
Accumulated other comprehensive income (loss)
 
$
(39,104
)
 
$
4,311

 
 
 
 
 
The following table presents the tax effects of each component of other comprehensive income (loss) for the years ended December 31, 2018, 2017 and 2016:
 
 
Years ended
December 31,
 
 
2018
 
2017
 
2016
 
 
Pre-tax amount
 
Tax benefit/
(expense)
 
After-tax amount
 
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 gains (losses)
 
$
(10,357
)
 
$
2,399

 
$
(7,958
)
 
$
(139
)
 
$
38

 
$
(101
)
 
$
11,664

 
$
(4,799
)
 
$
6,865

Benefit plans, net
 
(10,357
)
 
2,399

 
(7,958
)
 
(139
)
 
38

 
(101
)
 
11,664

 
(4,799
)
 
6,865

Net gain (loss) from hedging activities
 
(441
)
 
110

 
(331
)
 
(5,799
)
 
2,209

 
(3,590
)
 
7,350

 
(2,793
)
 
4,557

Foreign currency translation
 
(39,419
)
 
4,364

 
(35,055
)
 
66,438

 
(5,837
)
 
60,601

 
(73,461
)
 
6,627

 
(66,834
)
Other comprehensive income (loss)
 
$
(50,217
)
 
$
6,873

 
$
(43,344
)
 
$
60,500

 
$
(3,590
)
 
$
56,910

 
$
(54,447
)
 
$
(965
)
 
$
(55,412
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the years ended December 31, 2018 and 2017: 
 
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
6

 
(3,797)

 
61,713

 
57,922

Amounts reclassified from accumulated other comprehensive income (loss)(1)   
(107)

 
207

 

 
100

Net current period other comprehensive income (loss)
(101)

 
(3,590)

 
61,713

 
58,022

December 31, 2017
$
7,412

 
$
967

 
$
(4,068
)
 
$
4,311

Other comprehensive loss before reclassifications
(7,874)

 
(257)

 
(35,127)

 
(43,258)

Amounts reclassified from accumulated other comprehensive income (loss)(1)  
(84)

 
(73)

 

 
(157)

Net current period other comprehensive loss
(7,958)

 
(330)

 
(35,127)

 
(43,415)

December 31, 2018
(546)
 
637
 
(39,195)
 
(39,104)
 
 
 
 
 
 
 
 
 
(1) 
See the following table for details about these reclassifications. Amounts in parentheses indicate credits to profit/loss.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2018 and 2017.
Details about Accumulated Other
Comprehensive Income (Loss) Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)(a)
 
Affected Line Item in the
Statements of Operations
 
 
Years ended
December 31,
 
 
 
 
2018
 
2017
 
 
Defined benefit and other postretirement plans:
 
 
 
 
 
 
Amortization of prior service credit
 
$
(112
)
 
$
(78
)
 
(b)
Amortization of net (gain) loss
 
12

 
(54
)
 
(b)
 
 
(100
)
 
(132
)
 
Total before tax
 
 
16

 
25

 
Tax expense (benefit)
 
 
$
(84
)
 
$
(107
)
 
Net of tax
 
 
 
 
 
 
 
Net (gain) loss from hedging activities:
 
 
 
 
 
 
Interest rate caps
 
$
256

 
$
40

 
Interest expense
Natural gas swaps
 
(353
)
 
222

 
Cost of goods sold
 
 
(97
)
 
262

 
Total before tax
 
 
24

 
(55
)
 
Tax expense (benefit)
 
 
$
(73
)
 
$
207

 
Net of tax
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(157
)
 
$
100

 
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 20 to these consolidated financial statements for additional details).