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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities |
Summary of the Company's outstanding derivative contracts and their effects on the Consolidated Statements of Financial Position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2019
​ | ​ | Notional |  |  |  |
​ | ​ | Amounts | ​ | Assets | ​ | Liabilities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 8,294 | ​ | $ | - | ​ | $ | (122)
Commodity futures contracts | ​ | ​ | 4,726 | ​ | ​ | 26 | ​ | ​ | (134)
Total derivatives | ​ | ​ | ​ | ​ | $ | 26 | ​ | $ | (256)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2018
​ | ​ | Notional |  |  |  |
​ | ​ | Amounts | ​ | Assets | ​ | Liabilities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 11,050 | ​ | $ | - | ​ | $ | (407)
Commodity futures contracts | ​ | ​ | 9,580 | ​ | ​ | 92 | ​ | ​ | (679)
Total derivatives | ​ | ​ | ​ | ​ | $ | 92 | ​ | $ | (1,086)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2018
​ | ​ | Notional |  |  |  |
​ | ​ | Amounts | ​ | Assets | ​ | Liabilities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 11,050 | ​ | $ | 177 | ​ | $ | -
Commodity futures contracts | ​ | ​ | 8,285 | ​ | ​ | 3 | ​ | ​ | (862)
Total derivatives | ​ | ​ | ​ | ​ | $ | 180 | ​ | $ | (862)
Effects of derivative instruments on the Consolidated Statement of Earnings and Retained Earnings, and the Condensed Consolidated Statement of Comprehensive Earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Quarter Ended September 30, 2019
​ | ​ |  |  |  |  | Gain (Loss)
​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | (138) | ​ | $ | (33) | ​ | $ | -
Commodity futures contracts | ​ | ​ | (354) | ​ | ​ | (357) | ​ | ​ | -
Total | ​ | $ | (492) | ​ | $ | (390) | ​ | $ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Quarter Ended September 30, 2018
​ | ​ |  |  |  |  | Gain (Loss)
​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 177 | ​ | $ | - | ​ | $ | -
Commodity futures contracts | ​ | ​ | (750) | ​ | ​ | (795) | ​ | ​ | -
Total | ​ | $ | (573) | ​ | $ | (795) | ​ | $ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Year to Date Ended September 30, 2019
​ | ​ |  |  |  |  | Gain (Loss)
​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 252 | ​ | $ | (33) | ​ | $ | -
Commodity futures contracts | ​ | ​ | (137) | ​ | ​ | (615) | ​ | ​ | -
Total | ​ | $ | 115 | ​ | $ | (648) | ​ | $ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Year to Date Ended September 30, 2018
​ | ​ |  |  |  |  | Gain (Loss)
​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency forward contracts | ​ | $ | 166 | ​ | $ | 67 | ​ | $ | -
Commodity futures contracts | ​ | ​ | (2,588) | ​ | ​ | (1,697) | ​ | ​ | -
Total | ​ | $ | (2,422) | ​ | $ | (1,630) | ​ | $ | -

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