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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The changes in AOCIL, net of tax, by component for the six months ended March 31, 2018 are as follows:
 
 
Accumulated foreign currency translation (1)
 
Accumulated retirement liability
 
Accumulated gain (loss) on derivatives
 
Total
AOCIL at September 30, 2017
 
$
(83,166
)
 
$
(251,865
)
 
$
(460
)
 
$
(335,491
)
Other comprehensive income (loss) before reclassifications
 
30,661

 
(1,222
)
 
136

 
29,575

Amounts reclassified from AOCIL
 
—

 
10,160

 
519

 
10,679

Other comprehensive income (loss)
 
30,661

 
8,938

 
655

 
40,254

Tax Cuts and Jobs Act, reclassification from AOCIL to retained earnings (2)
 
—

 
(47,209
)
 
132

 
(47,077
)
AOCIL at March 31, 2018
 
$
(52,505
)
 
$
(290,136
)
 
$
327

 
$
(342,314
)

(1) Net gains and losses on net investment hedges are recorded as cumulative translation adjustments in AOCIL to the extent that the instruments are effective in hedging the designated risk.
(2) In the second quarter of 2018, we early adopted ASU 2018-02 and reclassified the stranded deferred tax effects resulting from the Tax Cuts and Jobs Act to retained earnings.
The amounts reclassified from AOCIL into earnings are as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
Statement of earnings classification
 
March 31,
2018
 
April 1,
2017
 
March 31,
2018
 
April 1,
2017
Retirement liability:
 
 
 
 
 
 
 
 
 
 
Prior service cost (credit)
 
 
 
$
(86
)
 
$
20

 
$
(171
)
 
$
39

Actuarial losses
 
 
 
7,423

 
9,406

 
14,819

 
18,823

Reclassification from AOCIL into earnings (1)
 
7,337

 
9,426

 
14,648

 
18,862

Tax effect
 
 
 
(1,796
)
 
(3,424
)
 
(4,488
)
 
(6,851
)
Net reclassification from AOCIL into earnings
 
$
5,541

 
$
6,002

 
$
10,160

 
$
12,011

Derivatives:
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
 
Sales
 
$
(138
)
 
$
1,157

 
$
(256
)
 
$
2,454

Foreign currency contracts
 
Cost of sales
 
502

 
664

 
1,198

 
1,131

Interest rate swaps
 
Interest
 
(102
)
 
63

 
(116
)
 
178

Reclassification from AOCIL into earnings
 
262

 
1,884

 
826

 
3,763

Tax effect
 
 
 
(72
)
 
(500
)
 
(307
)
 
(973
)
Net reclassification from AOCIL into earnings
 
$
190

 
$
1,384

 
$
519

 
$
2,790


(1) The reclassifications are included in the computation of net periodic pension cost and postretirement benefit cost.
The amounts deferred in AOCIL are as follows:
 
 
Net deferral in AOCIL - effective portion
 
 
Three Months Ended
 
Six Months Ended
 
 
March 31,
2018
 
April 1,
2017
 
March 31,
2018
 
April 1,
2017
Foreign currency contracts
 
$
(1,655
)
 
$
(323
)
 
$
(827
)
 
$
(2,109
)
Interest rate swaps
 
630

 
69

 
1,247

 
763

Net gain (loss)
 
(1,025
)
 
(254
)
 
420

 
(1,346
)
Tax effect
 
256

 
116

 
(284
)
 
376

Net deferral in AOCIL of derivatives
 
$
(769
)
 
$
(138
)
 
$
136

 
$
(970
)