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Changes in Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss)
Note 15. Changes in Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive loss by component for the years ended December 31, 2021, 2020 and 2019 (in thousands):
Changes related to cash flow derivative hedgesChanges in defined
benefit plans
Foreign currency translation adjustmentsAccumulated other comprehensive (loss) income
Accumulated comprehensive loss at January 1, 2019$(537,216)$(26,023)$(64,495)$(627,734)
Other comprehensive income (loss) before reclassifications(146,108)(20,314)869 (165,553)
Amounts reclassified from accumulated other comprehensive loss(5,205)779 — (4,426)
Net current-period other comprehensive income (loss)(151,313)(19,535)869 (169,979)
Accumulated comprehensive loss at January 1, 2020(688,529)(45,558)(63,626)(797,713)
Other comprehensive income (loss) before reclassifications(41,109)(22,051)(28,698)(91,858)
Amounts reclassified from accumulated other comprehensive loss79,119 2,067 69,044 150,230 
Net current-period other comprehensive (loss) income38,010 (19,984)40,346 58,372 
Accumulated comprehensive loss at January 1, 2021(650,519)(65,542)(23,280)(739,341)
Other comprehensive (loss) income before reclassifications(16,667)4,790 15,703 3,826 
Amounts reclassified from accumulated other comprehensive loss20,713 3,917 — 24,630 
Net current-period other comprehensive (loss) income4,046 8,707 15,703 28,456 
Accumulated comprehensive loss at December 31, 2021$(646,473)$(56,835)$(7,577)$(710,885)
The following table presents reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2021, 2020 and 2019 (in thousands):
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into (Loss) Income
Details about Accumulated Other Comprehensive Loss ComponentsYear Ended December 31, 2021Year Ended December 31, 2020Year Ended December 31, 2019Affected Line Item in Statements of Comprehensive Income (Loss)
Gain (loss) on cash flow derivative hedges:
Interest rate swaps(43,185)(25,267)(4,289)Interest expense, net of interest capitalized
Foreign currency forward contracts(15,359)(14,679)(14,063)Depreciation and amortization expenses
Foreign currency forward contracts(2,797)(7,315)(5,080)Other income (expense)
Fuel swaps(409)3,549 (1,292)Other income (expense)
Fuel swaps41,037 (35,407)29,929 Fuel
(20,713)(79,119)5,205 
Amortization of defined benefit plans:
Actuarial loss(3,917)(2,067)(779)Payroll and related
(3,917)(2,067)(779)
Release of foreign cumulative translation due to sale or liquidation of businesses:
Foreign cumulative translation— (69,044)— Other operating
Total reclassifications for the period$(24,630)$(150,230)$4,426 
During the year ended December 31, 2020, a $69.0 million net loss was recorded within Other expense in our consolidated statements of comprehensive (loss) income, consisting of a $92.6 million loss resulting from the recognition of a currency translation adjustment, partially offset by the recognition of a deferred $23.6 million foreign exchange gain related to the Pullmantur net investment hedge. In connection with the Pullmantur reorganization in 2020, we no longer have significant involvement in the Pullmantur operations and these amounts previously deferred in Accumulated other comprehensive loss were recognized in earnings.