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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands):
 
 
Three Months Ended
 
 
March 31, 2019
 
 
Foreign
Currency
Translation
 
Unrealized Gain (Loss)
on Cash Flow Hedges
 
Unrealized (Loss) Gain
on Pension Plans
 
Other Comprehensive Loss from Unconsolidated Subsidiaries
 
Accumulated
Other
Comprehensive
(Loss) Income
Beginning balance
 
$
(177,597
)
 
$
14,374

 
$
(8,075
)
 
$
(3,652
)
 
$
(174,950
)
Pretax (loss) income
 
(9,895
)
 
15,593

 
—

 
—

 
5,698

Income tax effect
 
—

 
(3,654
)
 
—

 
—

 
(3,654
)
Reclassification of unrealized (gain) loss
 
—

 
(19,188
)
 
253

 
—

 
(18,935
)
Reclassification of deferred income taxes
 
—

 
4,512

 
(62
)
 
—

 
4,450

Other comprehensive loss from unconsolidated subsidiaries
 
—

 
—

 
—

 
(3,463
)
 
(3,463
)
Ending balance
 
$
(187,492
)
 
$
11,637

 
$
(7,884
)
 
$
(7,115
)
 
$
(190,854
)


 
 
Three Months Ended
 
 
March 31, 2018
 
 
Foreign
Currency
Translation
 
Unrealized Gain (Loss)
on Cash Flow Hedges
 
Unrealized (Loss) Gain
on Pension Plans
 
Other Comprehensive Loss from Unconsolidated Subsidiaries
 
Accumulated
Other
Comprehensive
(Loss) Income
Beginning balance
 
$
(71,933
)
 
$
11,538

 
$
(8,772
)
 
$
(1,309
)
 
$
(70,476
)
Pretax income (loss)
 
48,435

 
(4,501
)
 
(629
)
 
—

 
43,305

Income tax effect
 
50

 
1,053

 
8

 
—

 
1,111

Reclassification of unrealized loss
 
—

 
8,747

 
—

 
—

 
8,747

Reclassification of deferred income taxes
 
—

 
(2,045
)
 
—

 
—

 
(2,045
)
Other comprehensive loss from unconsolidated subsidiaries
 
—

 
—

 
—

 
(605
)
 
(605
)
Adoption of ASU 2018-02
 
2,859

 
2,486

 
—

 
—

 
5,345

Ending balance
 
$
(20,589
)
 
$
17,278

 
$
(9,393
)
 
$
(1,914
)
 
$
(14,618
)
Net unrealized gains on our interest rate swaps, inclusive of our interest rate swap agreements and the interest rate swap component of our cross currency swaps, totaling $2 million were reclassified to Interest expense, net of interest income in our Unaudited Condensed Consolidated Statements of Income during each of the three months ended March 31, 2019 and 2018. We also reclassified gains of $4 million and $1 million to Interest expense, net of interest income related to the foreign currency forward component of our cross currency swaps during the three months ended March 31, 2019 and 2018, respectively. Also related to our cross currency swaps, we reclassified gains of $13 million and losses of $12 million to Other income, net in our Unaudited Condensed Consolidated Statements of Income during the three months ended March 31, 2019 and 2018, respectively; these gains and losses offset the impact of the remeasurement of the underlying contracts. Net unrealized losses related to our pension plans were reclassified to Other income, net in our Unaudited Condensed Consolidated Statements of Income during the three months ended March 31, 2019. Our policy is to reclassify the income tax effect from Accumulated other comprehensive income (loss) to the Provision for income taxes when the related gains and losses are released to the Unaudited Condensed Consolidated Statements of Income.
During the first quarter of 2018, we adopted ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"), which allowed a reclassification from Accumulated other comprehensive income (loss) to Retained earnings for stranded tax effects resulting from the reduction of the U.S. federal statutory income tax rate to 21% from 35% due to the enactment of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). As a result of the adoption of ASU 2018-02 in the first quarter of 2018, we recorded a $5 million reclassification to increase Accumulated other comprehensive income (loss) and decrease Retained earnings.
The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands):
 
 
Three Months Ended
 
 
March 31, 2019
 
 
Foreign
Currency
Translation
 
Unrealized Gain (Loss)
on Cash Flow Hedges
 
Unrealized (Loss) Gain
on Pension Plans
 
Other Comprehensive Loss from Unconsolidated Subsidiaries
 
Accumulated
Other
Comprehensive
(Loss) Income
Beginning balance
 
$
(177,597
)
 
$
14,374

 
$
(8,075
)
 
$
(3,652
)
 
$
(174,950
)
Pretax (loss) income
 
(9,895
)
 
15,593

 
—

 
—

 
5,698

Income tax effect
 
—

 
(3,654
)
 
—

 
—

 
(3,654
)
Reclassification of unrealized (gain) loss
 
—

 
(19,188
)
 
253

 
—

 
(18,935
)
Reclassification of deferred income taxes
 
—

 
4,512

 
(62
)
 
—

 
4,450

Other comprehensive loss from unconsolidated subsidiaries
 
—

 
—

 
—

 
(3,463
)
 
(3,463
)
Ending balance
 
$
(187,492
)
 
$
11,637

 
$
(7,884
)
 
$
(7,115
)
 
$
(190,854
)


 
 
Three Months Ended
 
 
March 31, 2018
 
 
Foreign
Currency
Translation
 
Unrealized Gain (Loss)
on Cash Flow Hedges
 
Unrealized (Loss) Gain
on Pension Plans
 
Other Comprehensive Loss from Unconsolidated Subsidiaries
 
Accumulated
Other
Comprehensive
(Loss) Income
Beginning balance
 
$
(71,933
)
 
$
11,538

 
$
(8,772
)
 
$
(1,309
)
 
$
(70,476
)
Pretax income (loss)
 
48,435

 
(4,501
)
 
(629
)
 
—

 
43,305

Income tax effect
 
50

 
1,053

 
8

 
—

 
1,111

Reclassification of unrealized loss
 
—

 
8,747

 
—

 
—

 
8,747

Reclassification of deferred income taxes
 
—

 
(2,045
)
 
—

 
—

 
(2,045
)
Other comprehensive loss from unconsolidated subsidiaries
 
—

 
—

 
—

 
(605
)
 
(605
)
Adoption of ASU 2018-02
 
2,859

 
2,486

 
—

 
—

 
5,345

Ending balance
 
$
(20,589
)
 
$
17,278

 
$
(9,393
)
 
$
(1,914
)
 
$
(14,618
)