Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income:


(DOLLARS IN THOUSANDS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive loss, net of tax, as of December 31, 2019	$	(373,043)	$	2,068	$	(345,919)	$	(716,894)
OCI before reclassifications	88,132		(5,076)		(73,735)		9,321
Amounts reclassified from AOCI	—		(3,862)		13,894		10,032
Net current period other comprehensive income (loss)	88,132		(8,938)		(59,841)		19,353
Accumulated other comprehensive loss, net of tax, as of December 31, 2020	$	(284,911)	$	(6,870)	$	(405,760)	$	(697,541)


(DOLLARS IN THOUSANDS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2018	$	(396,996)	$	4,746	$	(309,977)	$	(702,227)
OCI before reclassifications	23,953		4,969		(45,599)		(16,677)
Amounts reclassified from AOCI	—		(7,647)		9,657		2,010
Net current period other comprehensive income (loss)	23,953		(2,678)		(35,942)		(14,667)
Accumulated other comprehensive loss, net of tax, as of December 31, 2019	$	(373,043)	$	2,068	$	(345,919)	$	(716,894)


(DOLLARS IN THOUSANDS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2017	$	(297,416)	$	(10,332)	$	(329,734)	$	(637,482)
OCI before reclassifications	(99,580)		8,011		9,717		(81,852)
Amounts reclassified from AOCI	—		7,067		10,040		17,107
Net current period other comprehensive income (loss)	(99,580)		15,078		19,757		(64,745)
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2018	$	(396,996)	$	4,746	$	(309,977)	$	(702,227)

Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income

The following table provides details about reclassifications out of AOCI to the Consolidated Statement of Comprehensive Income:


	Year Ended December 31,
(DOLLARS IN THOUSANDS)	2020		2019		2018		Affected Line Item in the Consolidated Statement of Comprehensive Income
(Losses) gains on derivatives qualifying as hedges

Foreign currency contracts	$	5,394	$	9,719	$	(7,089)	Cost of goods sold
Interest rate swaps	(858)		(857)		(864)		Interest expense
Tax	(674)		(1,215)		886		Provision for income taxes
Total	$	3,862	$	7,647	$	(7,067)	Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments

Prior service cost	$	6,550	$	6,644	$	7,752	(a)
Actuarial losses	(29,629)		(19,032)		(20,645)		(a)
Tax	9,185		2,731		2,853		Provision for income taxes
Total	$	(13,894)	$	(9,657)	$	(10,040)	Total, net of income taxes

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(a)The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 16 to the Consolidated Financial Statements for additional information regarding net periodic benefit cost.