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Other Comprehensive Earnings (Tables)
3 Months Ended
Mar. 31, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of other comprehensive income
The amounts recognized in other comprehensive (loss) earnings were as follows:
 
Three Months Ended
 
Three Months Ended
 
March 31, 2015
 
March 31, 2014
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments (1)
$
(72,203
)
 
$
(11,906
)
 
$
(84,109
)
 
$
(18,506
)
 
$
1,133

 
$
(17,373
)
Pension and other postretirement benefit plans
5,788

 
(1,962
)
 
3,826

 
4,339

 
(1,505
)
 
2,834

Changes in fair value of cash flow hedges
1,629

 
(570
)
 
1,059

 
(943
)
 
330

 
(613
)
Other
241

 
(27
)
 
214

 
(106
)
 
(20
)
 
(126
)
Total other comprehensive (loss) earnings
$
(64,545
)
 
$
(14,465
)
 
$
(79,010
)
 
$
(15,216
)
 
$
(62
)
 
$
(15,278
)

(1)
Foreign currency translation adjustments include pre-tax gains on the Company's net investment hedges of $34,017 for the three months ended March 31, 2015, which resulted in a tax expense of $11,906 reflected in other comprehensive income. For the three months ended March 31, 2014, the Company recognized pre-tax losses of $3,236 on these net investment hedges, which resulted in a tax benefit of $1,133 reflected in other comprehensive income. See also Note 10 Financial Instruments.
Schedule of comprehensive income (loss)
Total comprehensive earnings were as follows:
 
Three Months Ended March 31,
 
2015
 
2014
Net earnings
$
209,510

 
$
160,138

Other comprehensive (loss) earnings
(79,010
)
 
(15,278
)
Comprehensive earnings
$
130,500

 
$
144,860

Schedule of amounts reclassified from accumulated other comprehensive income (loss) to earnings
Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the three months ended March 31, 2015 and 2014 were as follows:
 
Three Months Ended March 31,
 
2015

2014
Pension and postretirement benefit plans:
 
 
 
Amortization of actuarial losses
$
3,902

 
$
2,199

Amortization of prior service costs
1,886

 
2,140

Total before tax
5,788

 
4,339

Tax provision
(1,962
)
 
(1,505
)
Net of tax
$
3,826

 
$
2,834

 
 
 
 
Cash flow hedges:
 
 
 
Net losses (gains) reclassified into earnings
$
(153
)
 
$
(214
)
Tax benefit (provision)
54

 
75

Net of tax
$
(99
)
 
$
(139
)