Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) | The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2016 and December 31, 2015:
| | | | | | | | | | | | | | | | | | Gains and Losses on Cash Flow Hedges | | Pension and Other Postretirement Benefit Items | | Foreign Currency Items | | Total | January 1, 2016 | $ | 115 |
| | $ | (105,703 | ) | | $ | (37,664 | ) | | $ | (143,252 | ) | Other comprehensive loss before reclassifications to consolidated statements of income | (739 | ) | | (16,137 | ) | | (48,367 | ) | | (65,243 | ) | Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income | 397 |
| | 7,270 |
| | — |
| | 7,667 |
| Net current-period other comprehensive loss | (342 | ) | | (8,867 | ) | | (48,367 | ) | | (57,576 | ) | December 31, 2016 | $ | (227 | ) | | $ | (114,570 | ) | | $ | (86,031 | ) | | $ | (200,828 | ) | | | | | | | | | | Gains and Losses on Cash Flow Hedges | | Pension and Other Postretirement Benefit Items | | Foreign Currency Items | | Total | | | | | | | | | January 1, 2015 | $ | (732 | ) | | $ | (115,289 | ) | | $ | 16,568 |
| | $ | (99,453 | ) | Other comprehensive loss before reclassifications to consolidated statements of income | (70 | ) | | (6,921 | ) | | (54,232 | ) | | (61,223 | ) | Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income | 917 |
| | 16,507 |
| | — |
| | 17,424 |
| Net current-period other comprehensive income (loss) | 847 |
| | 9,586 |
| | (54,232 | ) | | (43,799 | ) | December 31, 2015 | $ | 115 |
| | $ | (105,703 | ) | | $ | (37,664 | ) | | $ | (143,252 | ) |
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Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income to the Consolidated Statements of Income | The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2016 and December 31, 2015: | | | | | | | | | | | | Details about Accumulated Other Comprehensive Income Components | | Amount Reclassified from Accumulated Other Comprehensive Income | | Affected Line Item in the Consolidated Statements of Income | | | 2016 | | 2015 | | | Gains and losses on cash flow hedges | | | | | | | Interest rate contracts | | $ | (557 | ) | | $ | (853 | ) | | Interest expense | Foreign exchange contracts | | (61 | ) | | (490 | ) | | Net sales | | | (618 | ) | | (1,343 | ) | | Total before tax | | | 221 |
| | 426 |
| | Tax benefit | | | (397 | ) | | (917 | ) | | Net of tax | | | | | | | | Pension and other postretirement benefit items | | | | | | | Amortization of prior-service credits, net | | $ | 163 |
| | $ | 259 |
| | (A) | Amortization of actuarial losses | | (11,326 | ) | | (16,015 | ) | | (A) | Settlement loss | | — |
| | (9,939 | ) | | (A) | | | (11,163 | ) | | (25,695 | ) | | Total before tax | | | 3,893 |
| | 9,188 |
| | Tax benefit | | | (7,270 | ) | | (16,507 | ) | | Net of tax | | | | | | | | Total reclassifications in the period | | $ | (7,667 | ) | | $ | (17,424 | ) | | |
(A) These accumulated other comprehensive income components are included within the computation of net periodic pension cost. See Note 11.
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