Other Comprehensive Earnings

12 Months Ended

Dec. 31, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Income, Noncontrolling Interest [Text Block]

19. Accumulated Other Comprehensive Earnings (Loss)

The components of accumulated other comprehensive earnings (loss) are as follows:


	December 31, 2020		December 31, 2019
Cumulative foreign currency translation adjustments	$	(66,802)	$	(122,252)
Pension and other postretirement benefit plans	(88,126)		(97,525)
Changes in fair value of cash flow hedges and other	1,674		3,751
	$	(153,254)	$	(216,026)

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2020, 2019 and 2018 were as follows:


	Years Ended December 31,
	2020		2019		2018
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings	$	—	$	25,339	$	—
Tax benefit	—		—		—
Net of tax	$	—	$	25,339	$	—
Pension and other postretirement benefit plans:
Amortization of actuarial losses	$	8,583	$	759	$	4,893
Amortization of prior service costs and transition obligation	1,442		2,729		3,631
Settlement and curtailment	25		961		12,565
Total before tax	10,050		4,449		21,089
Tax benefit	(2,184)		(906)		(4,459)
Net of tax	$	7,866	$	3,543	$	16,630
Cash flow hedges:
Net (gains) losses reclassified into earnings	$	(817)	$	(186)	$	1,950
Tax expense (benefit)	185		39		(409)
Net of tax	$	(632)	$	(147)	$	1,541

The Company recognizes the amortization of net actuarial losses, prior service costs and transition obligation as well as settlements and curtailments, in other income, net in the Consolidated Statements of Earnings.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses in the Consolidated Statements of Earnings.