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Other Comprehensive Earnings (Tables)
9 Months Ended
Sep. 30, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of other comprehensive income
The amounts recognized in other comprehensive loss were as follows:
 
Three Months Ended
 
Three Months Ended
 
September 30, 2015
 
September 30, 2014
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments (1)
$
(55,942
)
 
$
(1,271
)
 
$
(57,213
)
 
$
(67,629
)
 
$
(11,146
)
 
$
(78,775
)
Pension and other postretirement benefit plans
5,753

 
(1,951
)
 
3,802

 
4,298

 
(1,495
)
 
2,803

Changes in fair value of cash flow hedges
(760
)
 
267

 
(493
)
 
(457
)
 
160

 
(297
)
Other
445

 
(52
)
 
393

 
941

 
(14
)
 
927

Total other comprehensive loss
$
(50,504
)
 
$
(3,007
)
 
$
(53,511
)
 
$
(62,847
)
 
$
(12,495
)
 
$
(75,342
)

(1)
Foreign currency translation adjustments for the three months ended September 30, 2015 and 2014 include pre-tax gains of $3,631 and $31,846 on the Company's net investment hedges, respectively, which resulted in a tax expense of $1,271 and $11,146 reflected in other comprehensive income. See also Note 10 Financial Instruments.

 
Nine Months Ended
 
Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments (2)
$
(95,087
)
 
$
(9,785
)
 
$
(104,872
)
 
$
(72,861
)
 
$
(12,316
)
 
$
(85,177
)
Pension and other postretirement benefit plans
17,316

 
(5,871
)
 
11,445

 
12,978

 
(4,506
)
 
8,472

Changes in fair value of cash flow hedges
505

 
(176
)
 
329

 
(1,355
)
 
474

 
(881
)
Other
1,003

 
(119
)
 
884

 
1,708

 
(162
)
 
1,546

Total other comprehensive loss
$
(76,263
)
 
$
(15,951
)
 
$
(92,214
)
 
$
(59,530
)
 
$
(16,510
)
 
$
(76,040
)
(2)
Foreign currency translation adjustments for the nine months ended September 30, 2015 and 2014 include pre-tax gains on the Company's net investment hedges of $27,957 and $35,188 which resulted in tax expense of $9,785 and $12,316 reflected in other comprehensive income for these respective periods.
Schedule of comprehensive income (loss)
Total comprehensive earnings were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Net earnings
$
186,098

 
$
231,844

 
$
728,004

 
$
605,941

Other comprehensive loss
(53,511
)
 
(75,342
)
 
(92,214
)
 
(76,040
)
Comprehensive earnings
$
132,587

 
$
156,502

 
$
635,790

 
$
529,901

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 and nine months ended September 30, 2015 and 2014 were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015

2014
Pension and postretirement benefit plans:
 
 
 
 
 
 
 
Amortization of actuarial losses
$
3,868

 
$
2,164

 
$
11,660

 
$
6,566

Amortization of prior service costs
1,885

 
2,134

 
5,656

 
6,412

Total before tax
5,753

 
4,298

 
17,316

 
12,978

Tax provision
(1,951
)
 
(1,495
)
 
(5,871
)
 
(4,506
)
Net of tax
$
3,802

 
$
2,803

 
$
11,445

 
$
8,472

 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
Net (gains) losses reclassified into earnings
$
(1,042
)
 
$
261

 
$
(318
)
 
$
(30
)
Tax benefit (provision)
364

 
(92
)
 
111

 
10

Net of tax
$
(678
)
 
$
169

 
$
(207
)
 
$
(20
)