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Changes in Cumulative Other Comprehensive Loss by Component
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Changes in Cumulative Other Comprehensive Loss by Component
12. Changes in Cumulative Other Comprehensive Loss by Component

The following table presents the changes in Cumulative Other Comprehensive Loss by Component for the three- and six-month periods ended June 30, 2015. All amounts are presented net of tax. Amounts in parentheses indicate debits.

 

     Three Months Ended June 30, 2015  
     Cumulative
Currency
Translation
Adjustment
    Changes in the
Fair Value of
Derivatives
and Unrealized
Gains (Losses)
    Unrecognized
Postretirement
Benefit

Plans
    Total  

March 31, 2015

   $ (2,699   $ 7,450      $ (531,729   $ (526,978

Other comprehensive income (loss) before reclassifications

     9,845        (2,308 )(a)      (6,257 )(c)      1,280   

Amount reclassifed from accumulated other comprehensive income

     —          (1,592 )(b)      7,441 (d)      5,849   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income

     9,845        (3,900     1,184        7,129   
  

 

 

   

 

 

   

 

 

   

 

 

 

June 30, 2015

   $ 7,146      $ 3,550      $ (530,545   $ (519,849
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) This amount represents $3,800 of unrealized losses on cash flow hedges, net of tax of ($1,492) that were recognized in Other Comprehensive Loss (see Footnote 5 for additional details).
(b) This amount represents $2,664 of gains on cash flow hedges, net of tax of $1,072, that were reclassified out of Cumulative Other Comprehensive Loss and are included in Other income on the Condensed Consolidated Statements of Income (see Footnote 5 for additional details).
(c) This amount represents $7,920 of other comprehensive loss, net of tax of $1,663 that was recognized in Other Comprehensive Loss.
(d) This amount represents amortization of prior service credit of $142 and amortization of actuarial losses of ($11,687) net of tax of $4,104, that were reclassified out of Cumulative Other Comprehensive Loss and are included in the computation of net periodic benefit cost (see Footnote 7 for additional details).

 

     Six Months Ended June 30, 2015  
     Cumulative
Currency
Translation
Adjustment
    Changes
in the Fair
Value of
Derivatives
and Unrealized
Gains

(Losses)
    Unrecognized
Postretirement
Benefit

Plans
    Total  

December 31, 2014

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

Other comprehensive income (loss) before reclassifications

     (1,913     3,184 (a)      (991 )(c)      280   

Amount reclassifed from accumulated other comprehensive income

     —          (4,396 )(b)      14,869 (d)      10,473   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income

     (1,913     (1,212     13,878        10,753   
  

 

 

   

 

 

   

 

 

   

 

 

 

June 30, 2015

   $ 7,146      $ 3,550      $ (530,545   $ (519,849
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) This amount represents $4,946 of unrealized gains on cash flow hedges, net of tax of $1,762 that were recognized in Other Comprehensive Loss (see Footnote 5 for additional details).
(b) This amount represents $6,990 of gains on cash flow hedges, net of tax of $2,594, that were reclassified out of Cumulative Other Comprehensive Loss and are included in Other income on the Condensed Consolidated Statements of Income (see Footnote 5 for additional details).
(c) This amount represents $1,254 of other comprehensive loss, net of tax of $263 that was recognized in Other Comprehensive Loss.
(d) This amount represents amortization of prior service credit of $283 and amortization of actuarial losses of ($23,357) net of tax of $8,205, that were reclassified out of Cumulative Other Comprehensive Loss and are included in the computation of net periodic benefit cost (see Footnote 7 for additional details).