Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended March 31, 2021 and 2020:


	2021								2020
(Amounts in thousands)	Foreign currency translation items(1)		Pension and other post-retirement effects		Cash flow hedging activity		Total(1)		Foreign currency translation items(1)		Pension and other post-retirement effects		Cash flow hedging activity		Total(1)
Balance - January 1	$	(456,437)	$	(146,723)	$	(488)	$	(603,648)	$	(441,364)	$	(137,161)	$	(671)	$	(579,196)
Other comprehensive income (loss) before reclassifications	(10,889)		1,518		202		(9,169)		(96,061)		3,909		54		(92,098)
Amounts reclassified from AOCL	—		2,741		—		2,741		—		2,400		—		2,400
Net current-period other comprehensive income (loss)	(10,889)		4,259		202		(6,428)		(96,061)		6,309		54		(89,698)
Balance - March 31	$	(467,326)	$	(142,464)	$	(286)	$	(610,076)	$	(537,425)	$	(130,852)	$	(617)	$	(668,894)

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(1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $5.9 million and $5.1 million at January 1, 2021 and 2020, respectively, and $6.1 million and $5.9 million at March 31, 2021 and 2020, respectively. Includes net investment hedges losses of $29.6 million and $8.5 million, net of deferred taxes, at March 31, 2021 and 2020, respectively. Amounts in parentheses indicate debits.

The following table presents the reclassifications out of AOCL:


		Three Months Ended March 31,
(Amounts in thousands)	Affected line item in the statement of income	2021(1)		2020(1)












Pension and other postretirement effects
Amortization of actuarial losses(2)	Other income (expense), net	$	(3,059)	$	(2,657)
Prior service costs(2)	Other income (expense), net	(153)		(141)
	Tax benefit	471		398
	Net of tax	$	(2,741)	$	(2,400)

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(1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

(2) These AOCL components are included in the computation of net periodic pension cost. See Note 12 for additional details.