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OTHER COMPREHENSIVE INCOME
3 Months Ended
Mar. 31, 2013
OTHER COMPREHENSIVE INCOME

NOTE 11: OTHER COMPREHENSIVE INCOME

Comprehensive income comprises two subsets: net earnings and other comprehensive income (OCI). The components of other comprehensive income are presented in the accompanying Condensed Consolidated Statements of Comprehensive Income, net of applicable taxes.

Amounts in accumulated other comprehensive income (AOCI), net of tax, are as follows:

 

in thousands    March 31
2013
    December 31
2012
    March 31
2012
   

December 31

2011

 

AOCI

        

Cash flow hedges

     ($27,316     ($28,170     ($31,048     ($31,986

Pension and postretirement plans

     (193,915     (197,347     (181,773     (184,858

Total

     ($221,231     ($225,517     ($212,821     ($216,844
 

Amounts reclassified from AOCI to earnings, are as follows:

 

      Three Months Ended
March 31
 
in thousands    2013     2012  

Reclassification Adjustment for Cash Flow Hedges

    

Interest expense

           $1,415            $1,555   

Benefit from income taxes

     (561     (617

Total

     $854        $938   

Amortization of Pension and Postretirement Plan Actuarial Loss and Prior Service Cost

    

Cost of goods sold

     $4,457        $3,935   

Selling, administrative and general expenses

     1,185        1,134   

Benefit from income taxes

     (2,210     (1,985

Total

     $3,432        $3,084   

Total reclassifications from AOCI to earnings

     $4,286        $4,022   
  1 

See Note 10 for a breakdown of the amortization cost between actuarial loss and prior service cost.