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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Dec. 31, 2017
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")
The following tables set forth the total changes in AOCI by component, net of taxes, for the years ended December 31, 2017 and 2016:
 
 
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2015
 
$
548

 
$
(99,776
)
 
$
(197,039
)
 
$
(296,267
)
Other comprehensive income (loss) before reclassification
 
2,026

 
(1,268
)
(2) 
(36,646
)
(3) 
(35,888
)
Amounts reclassified from AOCI
 
(1,987
)
(1) 
5,105

(2) 
—

 
3,118

Net current-period other comprehensive income (loss)
 
39

 
3,837

 
(36,646
)
 
(32,770
)
Balance at December 31, 2016
 
$
587

 
$
(95,939
)
 
$
(233,685
)
 
$
(329,037
)
Other comprehensive income (loss) before reclassification
 
(2,074
)
 
2,736

(2) 
70,901

(3) 
71,563

Amounts reclassified from AOCI
 
2,362

(1) 
7,926

(2) 
—

 
10,288

Net current-period other comprehensive income (loss)
 
288

 
10,662

 
70,901

 
81,851

Balance at December 31, 2017
 
$
875

 
$
(85,277
)
 
$
(162,784
)
 
$
(247,186
)
 
 
 
 
 
 
 
 
 

(1)
During 2017, this AOCI reclassification is a component of Net sales of $1,860 (net of tax of $693) and Cost of goods sold of $502 (net of tax of $93); during 2016, the reclassification is a component of Net sales of $(1,580) (net of tax of $(577)) and Cost of goods sold of $(407) (net of tax of $(24)). Refer to Note 13 to the consolidated financial statements for additional details.
(2)
This AOCI component is included in the computation of net periodic pension costs (net of tax of $19,252 and $4,297 during the years ended December 31, 2017 and 2016, respectively). Refer to Note 11 to the consolidated financial statements for additional details.
(3)
The Other comprehensive income before reclassifications excludes $115 and $(106) attributable to Non-controlling interests in the years ended December 31, 2017 and 2016, respectively. The reclassified AOCI component is included in the computation of Non-controlling interests. Refer to Consolidated Statements of Equity for additional details.