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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Components of Other Assets

Other assets are comprised of the following:

 

     December 31  
     2015      2014  
     (In Thousands)  

Retirement benefit assets

   $ 3,336       $ 4,247   

Deferred compensation benefits

     28,488         27,828   

Investments

     28,351         29,139   

Cash surrender value of life insurance policies

     105,213         105,227   

Customer sales returns inventories

     72,814         67,400   

Guarantees related to borrowings

     35,000         29,000   

Other long-term prepayments and receivables

     187,716         188,849   
  

 

 

    

 

 

 

Total other assets

   $ 460,918       $ 451,690   
  

 

 

    

 

 

Components of Other Long-Term Liabilities

Other long-term liabilities are comprised of the following:

 

     December 31  
     2015      2014  
     (In Thousands)  

Post-employment and other benefit/retirement liabilities

   $ 54,034       $ 57,754   

Insurance liabilities

     33,979         48,569   

Other lease obligations

     37,642         40,040   

Other taxes payable

     15,495         18,947   

Customer deposits

     85,552         81,496   

Guarantees related to borrowings

     35,000         29,000   

Other

     198,254         171,943   
  

 

 

    

 

 

 

Total other long-term liabilities

   $ 459,956       $ 447,749   
  

 

 

    

 

 

 
Components of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is comprised of the following:

 

     December 31  
     2015      2014  
     (In Thousands)  

Foreign currency translation

   $ (394,984    $ (186,998

Unrecognized net actuarial loss, net of tax

     (540,018      (538,614

Unrecognized prior service credit, net of tax

     4,384         5,401   
  

 

 

    

 

 

 

Total accumulated other comprehensive loss

   $ (930,618 )     $ (720,211
  

 

 

    

 

 

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, 2015 and 2014:

 

    Changes in Accumulated Other Comprehensive
Loss by Component
 
    Pension
Benefits
    Other
Post-
Retirement
Benefits
    Foreign
Currency
Translation
    Total  
    (In Thousands)  

Beginning balance, January 1, 2014

  $ (359,079   $ (957   $ (37,619   $ (397,655

Other comprehensive loss before reclassifications, net of tax

    (193,182     (39     (149,379     (342,600

Amounts reclassified from accumulated other comprehensive loss, net of tax

    20,192        (148            20,044   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net current period other comprehensive loss

    (172,990     (187     (149,379     (322,556
 

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance, December 31, 2014

    (532,069     (1,144     (186,998     (720,211

Other comprehensive loss before reclassifications, net of tax

    (25,558     (111     (207,986     (233,655

Amounts reclassified from accumulated other comprehensive loss, net of tax

    23,412        (164            23,248   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net current period other comprehensive loss

    (2,146     (275     (207,986     (210,407
 

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance, December 31, 2015

  $ (534,215 )    $ (1,419 )    $ (394,984 )    $ (930,618 )