Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives on the Consolidated Statements of Income and Comprehensive Income

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013:

	Income Statement Location	2013
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive income (loss)	$	950
	Other operating (income) expense	652
Foreign currency option contracts	Other comprehensive income (loss)	460
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (income) expense	(1,607		)
Foreign currency option contracts	Other operating (income) expense	1,147
Interest rate swaps	Interest and miscellaneous income (expense)	6,085
Fuel hedge contracts	Cost of sales (benefit)	(255		)

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2013:

	2013
	Notional Amount (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	$	32,300
Foreign currency option contracts	38,000
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	$	1,950
Foreign currency option contracts	4,000
Interest rate swaps	183,851
Fuel hedge contracts	38

(a) All notional amounts are stated in thousands of dollars except fuel hedge contracts which are denominated in thousands of barrels.

Schedule of Derivative Instruments in Statement of Financial Position

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2013:

	2013
	Location on Balance Sheet	Fair Value Assets (Liabilities) (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Prepaid and other current assets	$	915
Foreign currency option contracts	Other current liabilities	(214		)
	Prepaid and other current assets	673
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Prepaid and other current assets	25
Foreign currency option contracts	Prepaid and other current assets	8
Interest rate swaps	Other non-current liabilities	(4,659		)
Fuel hedge contracts	Prepaid and other current assets	160
Total derivative contracts:
Prepaid and other current assets		$	1,781
Other current liabilities		(214		)
Other non-current liabilities		(4,659		)
Total derivative liabilities		$	(4,873	)

(a) See Note 7 —Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.