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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments

The following tables summarize our derivative financial instruments:

Asset and Liability Derivatives

 

     December 31,
2013
     December 31,
2012
 
     (In thousands)  

Derivatives Designated as Hedges:

     

Location

     

Accounts receivable—other

   $ 11,641       $ 12,311   

Other assets

     1,647         13,770   
  

 

 

    

 

 

 

Total asset derivatives

   $ 13,288       $ 26,081   
  

 

 

    

 

 

 

Accounts payable

   $ 20,209       $ 3,604   

Other liabilities

     21,846         1,043   
  

 

 

    

 

 

 

Total liability derivatives

   $ 42,055       $ 4,647   
  

 

 

    

 

 

 
Effects of Derivative Instruments on Financial Statements

The Effects of Derivative Instruments on our Financial Statements

 

     December 31,  
     2013     2012  
     (In thousands)  

Derivatives Designated as Hedges:

    

Amount of (loss)/ gain recognized in other comprehensive loss attributable to MII

   $ (52,780   $ 1,576   

Income reclassified from AOCI into income: effective portion attributable to MII

    

Location

    

Cost of operations

   $ 1,715      $ 6,213   

Gain recognized in income: ineffective portion and amount excluded from effectiveness testing attributable to MII

    

Location

    

Gain on foreign currency—net

   $ 13,247      $ 23,116