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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income:
 
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on
Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
(DOLLARS IN THOUSANDS)
 
 
 
 
 
 
 
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2013
$
(104,278
)
 
$
(4,012
)
 
$
(284,421
)
 
$
(392,711
)
OCI before reclassifications
(26,872
)
 
4,900

 

 
(21,972
)
Amounts reclassified from AOCI

 
2,906

 
12,716

 
15,622

Net current period other comprehensive income (loss)
(26,872
)
 
7,806

 
12,716

 
(6,350
)
Accumulated other comprehensive (loss) income, net of tax, as of September 30, 2014
$
(131,150
)
 
$
3,794

 
$
(271,705
)
 
$
(399,061
)
 
 
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on
Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
(DOLLARS IN THOUSANDS)
 
 
 
 
 
 
 
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2012
$
(93,722
)
 
$
(218
)
 
$
(309,685
)
 
$
(403,625
)
OCI before reclassifications
(11,118
)
 
(4,241
)
 

 
(15,359
)
Amounts reclassified from AOCI

 
80

 
15,346

 
15,426

Net current period other comprehensive income (loss)
(11,118
)
 
(4,161
)
 
15,346

 
67

Accumulated other comprehensive (loss) income, net of tax, as of September 30, 2013
$
(104,840
)
 
$
(4,379
)
 
$
(294,339
)
 
$
(403,558
)
Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income
The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: 
 
Nine Months Ended September 30, 2014
 
Nine Months Ended September 30, 2013
 
Affected Line Item in the
Consolidated Statement
of Comprehensive  Income
(DOLLARS IN THOUSANDS)
 
 
 
 
 
(Losses) gains on derivatives qualifying as hedges
 
 
 
 
 
Cross currency swap
$

 
$
(333
)
 
Other income, net
Foreign currency contracts
(3,723
)
 
538

 
Cost of goods sold
Interest rate swaps
(207
)
 
(137
)
 
Interest expense
 
1,024

 
(148
)
 
Provision for income taxes
 
$
(2,906
)
 
$
(80
)
 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
Settlements / Curtailments
$
(32
)
 
$
(110
)
 
(a) 
Prior service cost
3,489

 
3,295

 
(a) 
Actuarial losses
(21,648
)
 
(25,879
)
 
(a) 
 
5,475

 
7,348

 
Provision for income taxes
 
$
(12,716
)
 
$
(15,346
)
 
Total, net of income taxes
 
(a)
The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 13 of our 2013 Form 10-K for additional information regarding net periodic benefit cost.