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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
 6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of accumulated other comprehensive (loss) income
The following tables set forth the total changes in AOCI by component, net of taxes for the three months ended June 30, 2014 and 2013:
 
 
Three Months Ended June 30, 2014
 
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at March 31, 2014
 
$
(52
)

$
(158,149
)

$
(4,656
)
 
$
(162,857
)
Other comprehensive (loss) income
   before reclassification
 
(173
)

—


12,106

3 

11,933

Amounts reclassified from AOCI
 
(3
)
1 

2,536

2 

—

 
2,533

Net current-period other
   comprehensive (loss) income
 
(176
)
 
2,536

 
12,106

 
14,466

Balance at June 30, 2014
 
$
(228
)
 
$
(155,613
)
 
$
7,450

 
$
(148,391
)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2013
 
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at March 31, 2013
 
$
682


$
(256,739
)

$
12,012

 
$
(244,045
)
Other comprehensive (loss) income
   before reclassification
 
(4
)

—


(20,699
)
3 

(20,703
)
Amounts reclassified from AOCI
 
(11
)
1 

4,972

2 

—

 
4,961

Net current-period other
   comprehensive (loss) income
 
(15
)
 
4,972

 
(20,699
)
 
(15,742
)
Balance at June 30, 2013
 
$
667

 
$
(251,767
)
 
$
(8,687
)
 
$
(259,787
)
 
 
 
 
 
 
 
 
 

1
During the 2014 period, this AOCI reclassification is a component of Net sales of $(82) (net of tax of $(10)) and Cost of goods sold of $79 (net of tax of $19); during the 2013 period, the reclassification is a component of Net sales of $201 (net of tax of $32) and Cost of goods sold of $212 (net of tax of $73). (See Note 17 - Derivatives for additional details.)
2
This AOCI component is included in the computation of net periodic pension costs (net of tax of $1,423 and $3,114 during the three months ended June 30, 2014 and 2013, respectively). (See Note 15 - Retirement and Postretirement Benefit Plans for additional details.)
3
The Other comprehensive income before reclassifications excludes $24 and $(162) attributable to Non-controlling interests in the three months ended June 30, 2014 and 2013, respectively. (See Note 9 - Equity for additional details.)
The following tables set forth the total changes in AOCI by component, net of taxes for the six months ended June 30, 2014 and 2013:
 
 
Six Months Ended June 30, 2014
 
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2013
 
$
369

 
$
(160,693
)
 
$
8,383

 
$
(151,941
)
Other comprehensive (loss) income
before reclassification
 
(883
)
 
—

 
(933
)
3 

(1,816
)
Amounts reclassified from AOCI
 
286

1 

5,080

2 

—


5,366

Net current-period other
comprehensive (loss) income
 
(597
)
 
5,080

 
(933
)
 
3,550

Balance at June 30, 2014
 
$
(228
)
 
$
(155,613
)
 
$
7,450

 
$
(148,391
)
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2012
 
$
80

 
$
(261,844
)
 
$
26,364

 
$
(235,400
)
Other comprehensive (loss) income
before reclassification
 
1,078

 
—

 
(35,051
)
3 

(33,973
)
Amounts reclassified from AOCI
 
(491
)
1 

10,077

2 

—

 
9,586

Net current-period other
comprehensive (loss) income
 
587

 
10,077

 
(35,051
)
 
(24,387
)
Balance at June 30, 2013
 
$
667

 
$
(251,767
)
 
$
(8,687
)
 
$
(259,787
)
 
 
 
 
 
 
 
 
 
1
During the 2014 period, this AOCI reclassification is a component of Net sales of $50 (net of tax of $10) and Cost of goods sold of $236 (net of tax of $105); during the 2013 period, the reclassification is a component of Net sales of $302 (net of tax of $49) and Cost of goods sold of $793 (net of tax of $203). (See Note 17 - Derivatives for additional details.)
2
This AOCI component is included in the computation of net periodic pension costs (net of tax of $3,261 and $6,182 during the six months ended June 30, 2014 and 2013, respectively). (See Note 15 - Retirement and Postretirement Benefit Plans for additional details.)
3
The Other comprehensive income before reclassifications excludes $705 and $(49) attributable to Non-controlling interests in the six months ended June 30, 2014 and 2013, respectively. (See Note 9 - Equity for additional details.)