Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2019

The following table summarizes the components of accumulated other comprehensive loss and the changes in the balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the three months ended March 31, 2019 and April 1, 2018:


	Foreign Currency Items		Defined Benefit Pension Items		Gains and Losses on Cash Flow Hedges		Accumulated Other Comprehensive Loss
Balance at December 31, 2017	$	(198,495)	$	(467,136)	$	(641)	$	(666,272)
Other comprehensive income/(loss) before reclassifications	22,553		(1,145)		1,182		22,590
Amounts reclassified from accumulated other comprehensive loss to net income	—		6,962		(180)		6,782
Amounts reclassified from accumulated other comprehensive loss to fixed assets	—		—		45		45
Other comprehensive income	22,553		5,817		1,047		29,417
Amounts reclassified from retained earnings to accumulated other comprehensive loss	—		—		(176)		(176)
Balance at April 1, 2018	$	(175,942)	$	(461,319)	$	230	$	(637,031)

Balance at December 31, 2018	$	(251,102)	$	(487,380)	$	(2,431)	$	(740,913)
Other comprehensive income/(loss) before reclassifications	(2,852)		(508)		2,256		(1,104)
Amounts reclassified from accumulated other comprehensive loss to net income	—		7,664		(347)		7,317
Amounts reclassified from accumulated other comprehensive loss to fixed assets	—		—		(45)		(45)
Other comprehensive income/(loss)	(2,852)		7,156		1,864		6,168

Balance at March 31, 2019	$	(253,954)	$	(480,224)	$	(567)	$	(734,745)

The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three month periods ended March 31, 2019 and April 1, 2018:


	Amount Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended
Details about Accumulated Other Comprehensive Loss Components	March 31, 2019		April 1, 2018		Affected Line Item in the Condensed Consolidated Statements of Income
Gains and losses on cash flow hedges
Foreign exchange contracts	$	317	$	810	Net sales
Foreign exchange contracts	(288)		(527)		Cost of sales
Commodity contracts	435		(58)		Cost of sales
	$	464	$	225	Income before income taxes
	(117)		(45)		Provision for income taxes
	$	347	$	180	Net income
Defined benefit pension items

Effect of settlement loss^(a)	$	(1,322)	$	—	Non-operating pension (costs)/income
Amortization of defined benefit pension items^(a)	(8,932)		(9,301)		Non-operating pension (costs)/income
	$	(10,254)	$	(9,301)	Income before income taxes
	2,590		2,339		Provision for income taxes
	$	(7,664)	$	(6,962)	Net income
Total reclassifications for the period	$	(7,317)	$	(6,782)	Net income

^(a)See Note 10 for additional details.

The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended March 31, 2019 and April 1, 2018:


		Three months ended March 31, 2019												Three months ended April 1, 2018
		Before Tax Amount		Tax (Expense) Benefit		After Tax Amount				Before Tax Amount		Tax (Expense) Benefit		After Tax Amount
Foreign currency items:
	Net other comprehensive income/(loss) from foreign currency items	$	(2,852)	$	—	$	(2,852)			$	22,553	$	—	$	22,553
Defined benefit pension items:
	Other comprehensive income/(loss) before reclassifications	(681)		173		(508)				(1,145)		—		(1,145)
	Amounts reclassified from accumulated other comprehensive income/(loss) to net income	10,254		(2,590)		7,664				9,301		(2,339)		6,962
	Net other comprehensive income/(loss) from defined benefit pension items	9,573		(2,417)		7,156				8,156		(2,339)		5,817
Gains and losses on cash flow hedges:
	Other comprehensive income/(loss) before reclassifications	3,022		(766)		2,256				1,475		(293)		1,182
	Amounts reclassified from accumulated other comprehensive income/(loss) to net income	(464)		117		(347)				(225)		45		(180)
	Amounts reclassified from accumulated other comprehensive income/(loss) to fixed assets	(45)		—		(45)				45		—		45
	Net other comprehensive income/(loss) from cash flow hedges	2,513		(649)		1,864				1,295		(248)		1,047
Other comprehensive income/(loss):				$	9,234	$	(3,066)	$	6,168			$	32,004	$	(2,587)	$	29,417