Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2012

Accumulated Other Comprehensive Income

Note L – Accumulated Other Comprehensive Income

The components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets at March 31, 2012 and December 31, 2011 are presented net of taxes in the following table.

	March 31,			Dec. 31,
(Thousands of dollars)	2012			2011
Foreign currency translation gains, net of tax	$	578,413			496,161
Retirement and postretirement benefit plan losses, net of tax		(166,181	)		(168,889	)
Loss deferred for fair value of interest rate derivative contracts, net of tax		(13,869	)		(16,852	)
Accumulated other comprehensive income	$	398,363			310,420