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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Location and Fair Value of Foreign Currency Sales Contracts Recorded on Consolidated Balance Sheets

The following summarizes location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets as of December 31:

 

      Location    2013     2012  

Cash flow hedge contracts

   Other current assets    $ 0      $           46   

Fair value hedge contracts

   Other current assets              426        218   
   Other noncurrent assets      17        0   

Fair value hedged item

   Accounts receivable      (36     (94
   Other current liability      488        233   
     Other noncurrent liability      40        0   
Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive income (loss). Amounts recognized as and reclassified from accumulated other comprehensive income (loss) are recorded as a component of other comprehensive income (loss) and are summarized below. All amounts are after-tax.

 

For the Year Ended December 31, 2013   

Comprehensive

Income (Loss)

Beginning of
the Year

   

Recognized as

Comprehensive
Income (Loss)

   

Gain (Loss)

Reclassified from

Accumulated Other

Comprehensive

Income (Loss)

   

Comprehensive

Income (Loss)

End of
the Year

 

Foreign currency sales contracts—cash flow hedges

       $ 0          $ 0          $ 0          $ 0   

Foreign currency purchase contracts

     292        0        17        275   

Future contracts – copper and aluminum

     26        (251     (263     38   
         $ 318          $ (251       $ (246       $ 313   
For the Year Ended December 31, 2012                             

Foreign currency sales contracts—cash flow hedges

       $ 114          $ 10          $ 124          $ 0   

Foreign currency purchase contracts

     309        0        17        292   

Future contracts – copper and aluminum

     (314     92        (248     26   
         $ 109          $ 102          $ (107       $ 318   
For the Year Ended December 31, 2011                             

Foreign currency sales contracts—cash flow hedges

       $ 281          $ (24       $ 143          $ 114   

Foreign currency purchase contracts

     329        0        20        309   

Future contracts – copper and aluminum

     589        (683     220        (314
         $ 1,199          $ (707       $ 383          $ 109   

 

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings is summarized below. All amounts are pre-tax.

 

    

Location of

Gain (Loss)

in Statements

  

Estimated to be

Reclassified in

the Next

     Year Ended December 31,  
      of Operations    12 Months      2013     2012     2011  

Foreign currency sales contracts—cash flow hedges

   Net sales    $ 0       $ 0      $ 197      $ 228   

Foreign currency purchase contracts

   Depreciation      27         27        27        32   

Futures contracts – copper and aluminum

   Costs of products sold (excluding depreciation)      59         (419     (398     353