XML 46 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Other Comprehensive Earnings
3 Months Ended
Mar. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Earnings
16. Other Comprehensive Earnings

Amounts reclassified from accumulated other comprehensive loss to earnings during the three months ended March 31, 2021 and 2020 were as follows:
Three Months Ended March 31,
20212020
Pension and other postretirement benefit plans:
Amortization of actuarial losses$3,085 $2,158 
Amortization of prior service costs270 365 
Total before tax3,355 2,523 
Tax benefit(773)(568)
Net of tax$2,582 $1,955 
Cash flow hedges:
Net (gains) losses reclassified into earnings$(1,833)$1,420 
Tax provision (benefit)422 (299)
Net of tax$(1,411)$1,121 

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within the Condensed 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.