Other Comprehensive Income (Notes)

9 Months Ended

Sep. 30, 2015

Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents changes in accumulated other comprehensive income by component for the nine months ended September 30, 2015 and 2014:

	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2014	$	(4,960	)	$	(1,944	)	$	(206,045	)	$	(212,949	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on cash flow hedging arrangements	—			13,547			—			13,547
Foreign currency translation adjustment	(40,823		)	(1,832		)	3,146			(39,509		)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			(6,082		)	6,955			873
Net change in other comprehensive income (loss), net of tax	(40,823		)	5,633			10,101			(25,089		)
Balance at September 30, 2015	$	(45,783	)	$	3,689		$	(195,944	)	$	(238,038	)

	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2013	$	77,915		$	(2,433	)	$	(110,518	)	$	(35,036	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on cash flow hedging arrangements	—			(445		)	—			(445		)
Foreign currency translation adjustment	(47,483		)	30			4,644			(42,809		)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			1,075			1,186			2,261
Net change in other comprehensive income (loss), net of tax	(47,483		)	660			5,830			(40,993		)
Balance at September 30, 2014	$	30,432		$	(1,773	)	$	(104,688	)	$	(76,029	)

The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and nine month periods ended September 30:

	Three months ended September 30,
	2015			2014			Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
Interest rate swap agreements	$	777		$	787		Interest expense
Foreign currency forward contracts	(2,816		)	(247		)	Cost of sales - products
Total before taxes	(2,039		)	540
Provision for taxes	(278		)	253			Provision for taxes
Total, net of taxes	$	(1,761	)	$	287
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments and prior service cost, before taxes	$	2,675		$	719		(a)
Provision for taxes	761			313			Provision for taxes
Total, net of taxes	$	1,914		$	406

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three and nine months ended September 30, 2015 and 2014.

	Nine months ended September 30,
	2015			2014			Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
Interest rate swap agreements	$	2,312		$	2,333		Interest expense
Foreign currency forward contracts	(9,439		)	(453		)	Cost of sales - products
Total before taxes	(7,127		)	1,880
Provision for taxes	(1,045		)	805			Provision for taxes
Total, net of taxes	$	(6,082	)	$	1,075
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments and prior service cost, before taxes	$	9,545		$	2,131		(a)
Provision for taxes	2,590			945			Provision for taxes
Total, net of taxes	$	6,955		$	1,186

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three and nine months ended September 30, 2015 and 2014.

Comprehensive income (loss), net of tax consisted of the following as of September 30:

	Three Months Ended						Nine Months Ended
	2015			2014			2015			2014
Net earnings	$	88,861		$	84,996		$	229,469		$	217,069
Other comprehensive income (loss), net of tax	(40,613		)	(40,456		)	(25,089		)	(40,993		)
Comprehensive income, net of tax	$	48,248		$	44,540		$	204,380		$	176,076