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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2013
Statement of Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table presents the changes in accumulated other comprehensive loss by component for the three months ended September 30, 2013:
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other postretirement effects
 
Cash flow hedging activity(2)
 
Total(1)
 
 
Balance - July 1, 2013
$
(128,169
)
 
$
(152,130
)
 
$
221

 
$
(280,078
)
Other comprehensive income (loss) before reclassifications, net of taxes
38,581

 
(3,824
)
 
172

 
34,929

Amounts reclassified from accumulated other comprehensive loss, net of taxes
—

 
3,451

 
(20
)
 
3,431

Net current-period other comprehensive income (loss), net of taxes
38,581

 
(373
)
 
152

 
38,360

Balance - September 30, 2013
$
(89,588
)
 
$
(152,503
)
 
$
373

 
$
(241,718
)
_______________________________________
(1)
Includes foreign currency translation adjustments attributable to noncontrolling interests of $1.3 million and $1.1 million at July 1, 2013 and September 30, 2013, respectively. Amounts in parentheses indicate debits.
(2)
Other comprehensive loss before reclassifications, net of taxes was $22,000 and amounts reclassified from accumulated other comprehensive loss, net of taxes was $237,000 for the three months ended September 30, 2012 for cash flow hedging activity.
The following table presents the reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2013:
(Amounts in thousands)
Amount reclassified from accumulated other comprehensive loss (1)
 
Affected line item in the statement of income
 
 
 
 
Cash flow hedging activity
 
 
 
Interest rate swaps
$
32

 
Interest expense
 
(12
)
 
Tax benefit
 
$
20

 
 Net of tax
 
 
 
 
Pension and other postretirement effects
 
 
 
Amortization of actuarial losses
$
(5,108
)
 
(2)
 
1,657

 
Tax benefit
 
$
(3,451
)
 
Net of tax
_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 12 for additional details.
The following table presents the changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2013:
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other postretirement effects
 
Cash flow hedging activity(2)
 
Total(1)
 
 
Balance - January 1, 2013
$
(61,083
)
 
$
(161,757
)
 
$
(254
)
 
$
(223,094
)
Other comprehensive (loss) income before reclassifications, net of taxes
(29,722
)
 
(699
)
 
373

 
(30,048
)
Amounts reclassified from accumulated other comprehensive loss, net of taxes
1,217

 
9,953

 
254

 
11,424

Net current-period other comprehensive (loss) income, net of taxes
(28,505
)
 
9,254

 
627

 
(18,624
)
Balance - September 30, 2013
$
(89,588
)
 
$
(152,503
)
 
$
373

 
$
(241,718
)

_______________________________________
(1)
Includes foreign currency translation adjustments attributable to noncontrolling interests of $1.2 million and $1.1 million at January 1, 2013 and September 30, 2013, respectively. Amounts in parentheses indicate debits.
(2)
Other comprehensive loss before reclassifications, net of taxes was $725,000 and amounts reclassified from accumulated other comprehensive loss, net of taxes was $636,000 for the nine months ended September 30, 2012 for cash flow hedging activity.
The following table presents the reclassifications out of accumulated other comprehensive loss for the nine months ended September 30, 2013:
(Amounts in thousands)
Amount reclassified from accumulated other comprehensive loss (1)
 
Affected line item in the statement of income
Foreign currency translation items
 
 
 
Release of cumulative translation adjustments upon sale of equity method investment
$
(1,217
)
 
Net earnings from affiliates
 
—

 
Tax (expense) benefit
 
$
(1,217
)
 
 Net of tax
 
 
 
 
Cash flow hedging activity
 
 
 
Interest rate swaps
$
(406
)
 
Interest expense
 
152

 
Tax benefit
 
$
(254
)
 
 Net of tax
 
 
 
 
Pension and other postretirement effects
 
 
 
Amortization of actuarial losses
$
(14,709
)
 
(2)
 
4,756

 
Tax benefit
 
$
(9,953
)
 
Net of tax

_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 12 for additional details.
At September 30, 2013, we expect to recognize losses of $0.4 million, net of deferred taxes, into earnings in the next twelve months related to interest rate swap agreements based on their fair values at September 30, 2013.