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Cumulative Other Comprehensive Loss
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Cumulative Other Comprehensive Loss

Note 16 - Cumulative Other Comprehensive Loss

The balances of each component of cumulative other comprehensive loss in the accompanying Consolidated Statements of Equity were as follows:

 

     Year Ended December 31, 2013  
     Cumulative
Currency
Translation
Adjustment
     Changes
in the Fair
Value of
Derivatives
    Unrecognized
Postretirement
Benefit

Plans
    Total  

January 1, 2013

   $ 44,135      $ 427     $ (596,088 )   $ (551,526

Other comprehensive income (loss) before reclassifications

     15,525        1,727 (a)      91,506 (c)      108,758   

Amount reclassified from accumulated other comprehensive loss

     —           (539 )(b)      33,287 (d)      32,748   
  

 

 

    

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

  15,525     1,188     124,793     141,506   
  

 

 

    

 

 

   

 

 

   

 

 

 

December 31, 2013

$ 59,660   $ 1,615   $ (471,295 ) $ (410,020
  

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) This amount represents $2,943 of unrealized gains on cash flow hedges, net of tax of $1,216, that were recognized in Other Comprehensive Loss (see Footnote 11 for additional details).
(b) This amount represents $1,085 of gains on cash flow hedges, net of tax of $546, that were reclassified out of Cumulative Other Comprehensive Loss and are included in Other income on the Condensed Consolidated Statements of Income (see Footnote 11 for additional details).
(c) This amount represents $156,627 of other comprehensive gain, net of tax of $65,121 that was recognized in Other Comprehensive Loss.
(d) This amount represents amortization of prior service credit of $566 and amortization of actuarial losses of ($52,849), net of tax of $18,996, that were reclassified out of Cumulative Other Comprehensive Loss and are included in the computation of net periodic benefit cost (see Footnote 12 for additional details).

 

     Year Ended December 31, 2014  
     Cumulative
Currency
Translation
Adjustment
     Changes
in the Fair
Value of
Derivatives
    Unrecognized
Postretirement
Benefit

Plans
    Total  

January 1, 2014

   $ 59,660      $ 1,615     $ (471,295 )   $ (410,020

Other comprehensive income (loss) before reclassifications

     (50,601 )      5,626 (a)      (96,737 )(c)      (141,712

Amount reclassified from accumulated other comprehensive loss

     —           (2,479 )(b)      23,609 (d)      21,130   
  

 

 

    

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

  (50,601 )   3,147     (73,128 )   (120,582
  

 

 

    

 

 

   

 

 

   

 

 

 

December 31, 2014

$ 9,059   $ 4,762   $ (544,423 ) $ (530,602
  

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) This amount represents $9,020 of unrealized gains on cash flow hedges, net of tax of $3,394, that were recognized in Other Comprehensive Loss (see Footnote 11 for additional details).
(b) This amount represents $3,699 of gains on cash flow hedges, net of tax of $1,220, that were reclassified out of Cumulative Other Comprehensive Loss and are included in Other income on the Condensed Consolidated Statements of Income (see Footnote 11 for additional details).
(c) This amount represents $157,087 of other comprehensive loss, net of tax of $60,350 that was recognized in Other Comprehensive Loss.
(d) This amount represents amortization of prior service credit of $566 and amortization of actuarial losses of ($36,473), net of tax of $12,298, that were reclassified out of Cumulative Other Comprehensive Loss and are included in the computation of net periodic benefit cost (see Footnote 12 for additional details).