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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
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, net of tax, as of December 31, 2013
$
(104,278
)
 
$
(4,012
)
 
$
(284,421
)
 
$
(392,711
)
OCI before reclassifications
(69,064
)
 
12,434

 
(111,915
)
 
(168,545
)
Amounts reclassified from AOCI
—

 
3,949

 
16,877

 
20,826

Net current period other comprehensive income (loss)
(69,064
)
 
16,383

 
(95,038
)
 
(147,719
)
Accumulated other comprehensive loss, net of tax, as of December 31, 2014
$
(173,342
)
 
$
12,371

 
$
(379,459
)
 
$
(540,430
)
 
 
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
(10,556
)
 
(4,956
)
 
4,339

 
(11,173
)
Amounts reclassified from AOCI
—

 
1,162

 
20,925

 
22,087

Net current period other comprehensive income (loss)
(10,556
)
 
(3,794
)
 
25,264

 
10,914

Accumulated other comprehensive loss, net of tax, as of December 31, 2013
$
(104,278
)
 
$
(4,012
)
 
$
(284,421
)
 
$
(392,711
)



























The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: 
 
December 31, 2014
 
December 31, 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) expense, net
Foreign currency contracts
(4,426
)
 
(861
)
 
Cost of goods sold
Interest rate swaps
(274
)
 
(205
)
 
Interest expense
 
751

 
237

 
Provision for income taxes
 
$
(3,949
)
 
$
(1,162
)
 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
Settlements / Curtailments
$
(43
)
 
$
(215
)
 
(a) 
Prior service cost
(63
)
 
(319
)
 
(a) 
Actuarial losses
(28,219
)
 
(33,618
)
 
(a) 
 
11,448

 
13,227

 
Provision for income taxes
 
$
(16,877
)
 
$
(20,925
)
 
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 to the Consolidated Financial Statements - Employee Benefits for additional information regarding net periodic benefit cost.