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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Components of Other Assets
Other assets are comprised of the following:
 
December 31
 
2017
 
2016
 
(In Thousands)
Retirement benefit assets
$
8,573

 
$
6,721

Deferred compensation benefits
30,084

 
29,222

Inenco equity investment
75,660

 

Investments
42,313

 
28,793

Cash surrender value of life insurance policies
117,952

 
106,251

Customer sales returns inventories
56,442

 
68,160

Guarantees related to borrowings
65,000

 
42,000

Other long-term prepayments and receivables
172,224

 
194,383

Total other assets
$
568,248

 
$
475,530

Components of Other Long-Term Liabilities
Other long-term liabilities are comprised of the following:
 
December 31
 
2017
 
2016
 
(In Thousands)
Post-employment and other benefit/retirement liabilities
$
60,458

 
$
56,723

Insurance liabilities
44,181

 
37,608

Other lease obligations
55,693

 
39,221

Other taxes payable
47,724

 
16,997

Customer deposits
65,758

 
79,528

Guarantees related to borrowings
65,000

 
42,000

Other
162,190

 
195,981

Total other long-term liabilities
$
501,004

 
$
468,058

Components of Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss is comprised of the following:
 
December 31
 
2017
 
2016
 
(In Thousands)
Foreign currency translation
$
(266,247
)
 
$
(403,941
)
Unrealized loss on net investment hedge, net of tax
(17,388
)
 

Unrecognized net actuarial loss, net of tax
(566,876
)
 
(611,333
)
Unrecognized prior service (cost) credit, net of tax
(2,081
)
 
2,253

Total accumulated other comprehensive loss
$
(852,592
)
 
$
(1,013,021
)
Changes in Accumulated Other Comprehensive Loss
The following table presents the changes in accumulated other comprehensive loss by component for the years ended on December 31, 2017 and 2016:
 
Changes in Accumulated Other Comprehensive
Loss by Component
 
Pension
Benefits
 
Other Post-Retirement Benefits
 
Net Investment Hedge
 
Foreign
Currency
Translation
 
Total
 
(In Thousands)
Beginning balance, January 1, 2016
$
(534,215
)
 
$
(1,419
)
 
$

 
$
(394,984
)
 
$
(930,618
)
Other comprehensive (loss) income before reclassifications, net of tax
(92,758
)
 
15

 

 
(8,957
)
 
(101,700
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
19,505

 
(208
)
 

 

 
19,297

Net current period other comprehensive loss
(73,253
)
 
(193
)
 

 
(8,957
)
 
(82,403
)
Ending balance, December 31, 2016
(607,468
)
 
(1,612
)
 

 
(403,941
)
 
(1,013,021
)
Other comprehensive income (loss) before reclassifications, net of tax
16,640

 
307

 
(17,388
)
 
137,694

 
137,253

Amounts reclassified from accumulated other comprehensive loss, net of tax
23,385

 
(209
)
 

 

 
23,176

Net current period other comprehensive income (loss)
40,025

 
98

 
(17,388
)
 
137,694

 
160,429

Ending balance, December 31, 2017
$
(567,443
)
 
$
(1,514
)
 
$
(17,388
)
 
$
(266,247
)
 
$
(852,592
)