COMPREHENSIVE INCOME

3 Months Ended

Mar. 30, 2014

Comprehensive Income Disclosure [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

A summary of the components of comprehensive income is as follows:

	For the Three Months Ended
	March 30, 2014
	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
In thousands of dollars
Net income							$	252,495
Other comprehensive income:
Foreign currency translation adjustments	$	(468	)	$	—		(468		)
Pension and post-retirement benefit plans (a)	5,710			(2,150		)	3,560
Cash flow hedges:
Gains on cash flow hedging derivatives	32,443			(12,004		)	20,439
Reclassification adjustments (b)	(14,916		)	5,677			(9,239		)
Total other comprehensive income	$	22,769		$	(8,477	)	14,292
Comprehensive income							$	266,787

	For the Three Months Ended
	March 31, 2013
	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
In thousands of dollars
Net income							$	241,906
Other comprehensive income:
Foreign currency translation adjustments	$	123		$	—		123
Pension and post-retirement benefit plans (a)	10,803			(4,034		)	6,769
Cash flow hedges:
Losses on cash flow hedging derivatives	(3,094		)	1,321			(1,773		)
Reclassification adjustments (b)	5,843			(2,226		)	3,617
Total other comprehensive income	$	13,675		$	(4,939	)	8,736
Comprehensive income							$	250,642

(a) These amounts are included in the computation of net periodic benefit costs. For more information, see Note 12. Pension and Other Post-Retirement Benefit Plans.

(b) For information on the presentation of reclassification adjustments for cash flow hedges on the Consolidated Statements of Income, see Note 7. Financial Instruments and Fair Value.

The components of accumulated other comprehensive loss as shown on the Consolidated Balance Sheets are as follows:

	March 30, 2014			December 31, 2013
In thousands of dollars
Foreign currency translation adjustments	$	(17,298	)	$	(16,830	)
Pension and post-retirement benefit plans, net of tax	(196,074		)	(199,634		)
Cash flow hedges, net of tax	61,097			49,897
Total accumulated other comprehensive loss	$	(152,275	)	$	(166,567	)