Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2013

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, 2012	$	(93,722	)	$	(218	)	$	(309,685	)	$	(403,625	)
OCI before reclassifications		(16,825	)		(1,141	)		—			(17,966	)
Amounts reclassified from AOCI		—			(1,161	)		10,220			9,059

Net current period other comprehensive income (loss)		(16,825	)		(2,302	)		10,220			(8,907	)

Accumulated other comprehensive loss, net of tax, as of June 30, 2013	$	(110,547	)	$	(2,520	)	$	(299,465	)	$	(412,532	)


	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, 2011	$	(111,409	)	$	4,237	$	(268,137	)	$	(375,309	)
OCI before reclassifications		(24,058	)		2,021		—			(22,037	)
Amounts reclassified from AOCI		—			413		8,771			9,184

Net current period other comprehensive income (loss)		(24,058	)		2,434		8,771			(12,853	)

Accumulated other comprehensive (loss) income, net of tax, as of June 30, 2012	$	(135,467	)	$	6,671	$	(259,366	)	$	(388,162	)

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:


	Six Months Ended June 30, 2013			Six Months Ended June 30, 2012			Affected Line Item in the Consolidated Statement of Comprehensive Income
(DOLLARS IN THOUSANDS)
(Losses) gains on derivatives qualifying as hedges
Cross currency swap	$	(333	)	$	(1,373	)	Other income, net
Foreign currency contracts		2,155			1,324		Cost of goods sold
Interest rate swaps		(68	)		—		Interest expense
		(593	)		(364	)	Provision for income taxes

	$	1,161		$	(413	)	Total, net of income taxes


(Losses) gains on pension and postretirement liability adjustments
Settlements / Curtailments	$	(75	)	$	(874	)	^(a)
Prior service cost		2,197			2,109		^(a)
Actuarial losses		(17,261	)		(14,433	)	^(a)
		4,919			4,427		Provision for income taxes

	$	(10,220	)	$	(8,771	)	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 9 to the Consolidated Financial Statements - Employee Benefits for additional information regarding net periodic benefit cost.