RETIREMENT ANNUITY AND GUARANTEED CONTINUOUS EMPLOYMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2012

RETIREMENT AND POSTRETIREMENT BENEFIT PLANS



	December 31,
	2012			2011
Change in benefit obligations
Benefit obligations at beginning of year	$	991,979		$	851,948
Service cost	21,538			17,331
Interest cost	41,584			44,161
Plan participants' contributions	334			365
Plan amendments	(3,681		)	—
Actuarial loss	70,015			121,800
Benefits paid	(86,722		)	(40,345		)
Settlement/curtailment	(3,946		)	(2,434		)
Currency translation	2,624			(847		)
Benefit obligations at end of year	1,033,725			991,979

Change in plan assets
Fair value of plan assets at beginning of year	749,456			726,474
Actual return on plan assets	83,156			29,470
Employer contributions	68,029			33,994
Plan participants' contributions	334			365
Benefits paid	(85,238		)	(37,960		)
Settlement	(3,798		)	(2,415		)
Currency translation	1,958			(472		)
Fair value of plan assets at end of year	813,897			749,456

Funded status at end of year	(219,828		)	(242,523		)
Unrecognized actuarial net loss	422,042			408,474
Unrecognized prior service cost	(4,101		)	(515		)
Unrecognized transition assets, net	26			41
Net amount recognized	$	198,139		$	165,477

Amounts Recognized in Consolidated Balance Sheets



	December 31,
	2012			2011
Accrued pension liability, current	$	(3,639	)	$	(10,348	)
Accrued pension liability, long-term	(216,189		)	(232,175		)
Accumulated other comprehensive loss, excluding tax effects	417,967			408,000
Net amount recognized in the balance sheets	$	198,139		$	165,477

Components of Pension Cost for Defined Benefit Plans



	Year Ended December 31,
	2012			2011			2010
Service cost	$	21,538		$	17,331		$	15,371
Interest cost	41,584			44,161			42,730
Expected return on plan assets	(58,754		)	(57,405		)	(50,424		)
Amortization of prior service cost	(90		)	(62		)	(44		)
Amortization of net loss	31,085			21,816			20,830
Settlement/curtailment loss	895			529			660
Pension cost for defined benefit plans	$	36,258		$	26,370		$	29,123

Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets



	December 31,
	2012		2011
U.S. pension plans
Projected benefit obligation	$	956,837	$	921,469
Accumulated benefit obligation	905,541		883,157
Fair value of plan assets	755,491		696,802
Non-U.S. pension plans
Projected benefit obligation	$	76,884	$	70,507
Accumulated benefit obligation	70,492		66,332
Fair value of plan assets	58,403		52,652

Benefits expected to be paid for the U.S. Plans

Benefit Payments for Plans

Benefits expected to be paid for the U.S. plans are as follows:



Estimated Payments
2013	$	53,513
2014	61,080
2015	62,051
2016	58,608
2017	62,361
2018 through 2022	311,135

Weighted average assumptions used to measure the benefit obligation for the Company's significant defined benefit plans

Assumptions

Weighted average assumptions used to measure the benefit obligation for the Company's significant defined benefit plans as of December 31, 2012 and 2011 were as follows:



	December 31,
	2012		2011
Discount rate	3.8	%	4.2	%
Rate of increase in compensation	4.0	%	4.0	%

Weighted average assumptions used to measure the net periodic benefit cost for the Company's significant defined benefit plans

Weighted average assumptions used to measure the net periodic benefit cost for the Company's significant defined benefit plans for each of the three years ended December 31, 2012 were as follows:



	December 31,
	2012		2011		2010
Discount rate	4.2	%	5.3	%	5.8	%
Rate of increase in compensation	4.0	%	4.0	%	4.0	%
Expected return on plan assets	7.7	%	7.9	%	7.9	%

Pension plans' assets by level within the fair value hierarchy

The following table sets forth, by level within the fair value hierarchy, the pension plans' assets as of December 31, 2012:



	Pension Plans' Assets at Fair Value as of December 31, 2012
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Corporate stock (1)	$	107,763	$	—	$	—	$	107,763
Cash and cash equivalents	5,170		—		—		5,170
Corporate and other obligations (2)	—		412		—		412
Common trusts and 103-12 investments (3)	—		673,469		—		673,469
Private equity funds (4)	—		—		27,083		27,083
Total assets at fair value	$	112,933	$	673,881	$	27,083	$	813,897

The following table sets forth, by level within the fair value hierarchy, the pension plans' assets as of December 31, 2011:



	Pension Plans' Assets at Fair Value as of December 31, 2011
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Corporate stock (1)	$	94,407	$	—	$	—	$	94,407
Cash and cash equivalents	1,582		—		—		1,582
Insurance company nonpooled separate account (5)
Cash and cash equivalents	—		15,371		—		15,371
Corporate and other obligations	—		8,288		650		8,938
Common trusts and 103-12 investments (3)	—		611,361		—		611,361
Private equity funds (4)	—		—		17,797		17,797
Total assets at fair value	$	95,989	$	635,020	$	18,447	$	749,456

_______________________________________________________________________________


(1)	This investment category includes publicly traded equity investments directly held by the plans. Investments are valued at the unadjusted quoted close prices reported on the reporting date.


(2)	This investment category is composed of publicly traded bonds and asset backed securities which are valued at the quoted closing market prices on the reporting date.

(3)

Common trusts and 103-12 investments are comprised of a number of investment funds that invest in a diverse portfolio of assets including equity securities, corporate and governmental bonds, equity and credit indexes, and money markets. Trusts are valued at the net asset value ("NAV") as determined by their custodian. NAV represent the accumulation of the unadjusted quoted close prices on the reporting date for the underlying investments divided by the total shares outstanding at the reporting dates.

(4)

Private equity funds consist of four funds seeking capital appreciation by investing in private equity investment partnerships and venture capital companies. Funds are comprised of unrestricted and restricted publicly traded securities and privately held securities. Unrestricted securities are valued at the closing market price on the reporting date. Restricted securities may be valued at a discount from such closing public market price, depending on facts and circumstances. Privately held securities are valued at fair value as determined by the fund directors and general partners.

(5)

The insurance company nonpooled separate account is focused on capital preservation and invests in fixed-income securities and money market instruments. The account is composed of publicly traded and privately held corporate bonds, money market and mortgage backed assets. Publicly traded bonds, money market and mortgage backed securities are valued at the closing market price on the reporting date. Privately held bonds are valued at fair value as determined by the fund directors and general partners.

Summary of changes in the fair value of the Level 3 pension plans' assets

The table below sets forth a summary of changes in the fair value of the Level 3 pension plans' assets for the year ended December 31, 2012:



	Insurance Company Nonpooled Separate Account			Private Equity Funds		Total
Balance at the beginning of year	$	650		$	17,797	$	18,447
Purchases, sales, issuances and settlements	(650		)	7,318		6,668
Realized and unrealized gains	—			1,968		1,968
Balance at the end of year	$	—		$	27,083	$	27,083
The amount of total gains during the period attributable to the change in unrealized gains relating to Level 3 net assets still held at the reporting date	$	—		$	1,135	$	1,135