ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents changes in accumulated other comprehensive income by component for the nine months ended September 30, 2018 and 2017:



	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2017	$	(31,340	)	$	(1,081	)	$	(232,985	)	$	(265,406	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) cash flow hedging arrangements	—			6,523			—			6,523
Foreign currency translation adjustment	(32,206		)	—			(749		)	(32,955		)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			(2,528		)	10,837			8,309
Net change in other comprehensive income (loss), net of tax	(32,206		)	3,995			10,088			(18,123		)
Balance at September 30, 2018	$	(63,546	)	$	2,914		$	(222,897	)	$	(283,529	)



	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2016	$	(115,322	)	$	(2,232	)	$	(237,444	)	$	(354,998	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) cash flow hedging arrangements	—			(578		)	—			(578		)
Foreign currency translation adjustment	78,447			—			(12,054		)	66,393
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			365			11,181			11,546
Net change in other comprehensive income (loss), net of tax	78,447			(213		)	(873		)	77,361
Balance at September 30, 2017	$	(36,875	)	$	(2,445	)	$	(238,317	)	$	(277,637	)

The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and nine month periods ended September 30:



	Three months ended September 30,
	2018			2017			Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
Interest rate swap agreements	$	97		$	424		Interest expense
Cross currency swap agreement	(3,559		)	(1,866		)	(a)
Total before taxes	(3,462		)	(1,442		)
Provision for taxes	(252		)	18			Provision for taxes
Total, net of taxes	$	(3,210	)	$	(1,460	)

Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses and prior service cost, before taxes	$	4,651		$	5,053		(b)
Provision for taxes	1,064			1,319			Provision for taxes
Total, net of taxes	$	3,587		$	3,716

(a) The cross currency swap reflects an unrealized gain of $2.9 million recorded in other charges (income) that was offset by the underlying unrealized loss on the hedged debt. The cross currency swap also reflects a realized gain of $0.8 million recorded in interest expense.

(b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three months ended September 30, 2018 and 2017.



	Nine months ended September 30,
	2018			2017			Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
Interest rate swap agreements	$	531		$	1,273		Interest expense
Cross currency swap agreement	(3,171		)	(454		)	(a)
Total before taxes	(2,640		)	819
Provision for taxes	(112		)	454			Provision for taxes
Total, net of taxes	$	(2,528	)	$	365

Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses and prior service cost, before taxes	$	14,150		$	15,128		(b)
Provision for taxes	3,313			3,947			Provision for taxes
Total, net of taxes	$	10,837		$	11,181

(a) The cross currency swap reflects an unrealized gain of $1.0 million recorded in other charges (income) that was offset by the underlying unrealized loss on the hedged debt. The cross currency swap also reflects a realized gain of $2.2 million recorded in interest expense.

(b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 12 for additional details for the nine months ended September 30, 2018 and 2017.

Comprehensive income (loss), net of tax consisted of the following as of September 30:



	Three Months Ended					Nine Months Ended
	2018			2017		2018			2017
Net earnings	$	126,653		$	104,950	$	331,425		$	298,996
Other comprehensive income (loss), net of tax	(17,808		)	20,749		(18,123		)	77,361
Comprehensive income, net of tax	$	108,845		$	125,699	$	313,302		$	376,357