XML 72 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the components of accumulated other comprehensive income (loss), net of tax, as of December 31, 2021 and 2020:
December 31,
20212020
Amortization and unrealized gains (losses) on pension and postretirement plans, net of tax of $(3,567) and $(1,649)
$11,072 $5,278 
Net changes in fair values of derivatives, net of tax of $(422) and $549
2,254 (660)
Foreign currency translation adjustments, net of tax of $8,177 and $1,223
(19,118)(19,883)
Accumulated other comprehensive loss$(5,792)$(15,265)

The following table presents the tax effects of each component of other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019:
Years ended
December 31,
202120202019
Pre-tax amountTax benefit/
(expense)
After-tax amountPre-tax amountTax benefit/
(expense)
After-tax amountPre-tax amountTax benefit/
(expense)
After-tax amount
Defined benefit and other postretirement plans:
Amortization of net gains and (losses)$5,885 $(1,461)$4,424 $2,760 $(696)$2,064 $2,970 $(423)$2,547 
Amortization of prior service cost(232)58 (174)(232)58 (174)(156)39 (117)
Settlement gain (loss)2,059 (515)1,544 64 (16)48 — — — 
Benefit plans, net7,712 (1,918)5,794 2,592 (654)1,938 2,814 (384)2,430 
Net (loss) gain from hedging activities3,885 (971)2,914 221 (55)166 (3,553)888 (2,665)
Foreign currency translation(1)
3,657 6,954 10,611 (11,268)(6,251)(17,519)20,539 2,350 22,889 
Other comprehensive income (loss)$15,254 $4,065 $19,319 $(8,455)$(6,960)$(15,415)$19,800 $2,854 $22,654 
(1)     The income tax benefit or expense included in other comprehensive income is attributed to the portion of foreign currency translation associated with the Company’s cross-currency interest rate swaps, for which the tax effect is
based on the applicable U.S. deferred income tax rate. See Note 20 to these consolidated financial statements for information regarding the Company’s cross currency interest rate swaps.

The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the years ended December 31, 2021 and 2020:
Defined benefit
and other
postretirement
plans 
Net gain (loss) from hedging activitiesForeign
currency
translation 
Total 
December 31, 2019$3,568 $(1,838)$(17,078)$(15,348)
Other comprehensive income (loss) before reclassifications1,850 125 (16,596)(14,621)
Amounts reclassified from accumulated other comprehensive income(1)
88 41 129 
Disposal of business(228)1,012 13,791 14,575 
Net current period other comprehensive loss1,710 1,178 (2,805)83 
December 31, 20205,278 (660)(19,883)(15,265)
Other comprehensive income (loss) before reclassifications5,623 2,580 10,611 18,814 
Amounts reclassified from accumulated other comprehensive income(1)
171 334 505 
 Disposal of business— — (9,846)(9,846)
Net current period other comprehensive income5,7942,914 7659,473
December 31, 2021$11,072 $2,254 $(19,118)$(5,792)
(1)    See the following table for details about these reclassifications. Amounts in parentheses indicate debits.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the reclassifications out of accumulated other comprehensive income for the years ended December 31, 2021 and 2020.
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from Accumulated Other Comprehensive Income(1)
Affected Line Item in the
Statements of Income
Years ended
December 31,
20212020
Amortization of defined benefit and other postretirement plans:
Prior service credit (cost)$(232)$119 
Other income (expense)(2)
Actuarial gains (losses)(232)
Other income (expense)(2)
(227)(113)Total before tax
56 25 Tax benefit
$(171)$(88)Net of tax
Gains and losses on cash flow hedges:
Interest rate caps$(444)$(54)Interest expense
110 13 Tax benefit
$(334)$(41)Net of tax
Total reclassifications for the period$(505)$(129)Net of tax
(1)    Amounts in parentheses indicate debits to profit/loss.
(2)    These accumulated other comprehensive income (loss) components are components of net periodic pension and other postretirement cost (see Note 22 to these consolidated financial statements for additional details).