Foreign Currency Translation	12 Months Ended
Dec. 31, 2013
Foreign Currency Translation	13. Foreign currency translation Effective February 13, 2013, the Venezuelan government devalued its currency (Bolivar Fuerte) by resetting the official exchange rate from 4.30 to the U.S. dollar to 6.30 to the U.S. dollar. As a result, the company recorded a pretax foreign exchange loss in the first quarter of 2013 of $6.5 million. The company has used and continues to use the official exchange rate for translation purposes. At December 31, 2013, the company’s operations in Venezuela had net monetary assets denominated in local currency of approximately $15 million. During the years ended December 31, 2013, 2012 and 2011, the company recognized foreign exchange gains (losses) in “Other income (expense), net” in its consolidated statements of income of $10.4 million, $(8.1) million and $17.2 million, respectively.

Foreign Currency Translation

12 Months Ended

Dec. 31, 2013

13. Foreign currency translation

Effective February 13, 2013, the Venezuelan government devalued its currency (Bolivar Fuerte) by resetting the official exchange rate from 4.30 to the U.S. dollar to 6.30 to the U.S. dollar. As a result, the company recorded a pretax foreign exchange loss in the first quarter of 2013 of $6.5 million. The company has used and continues to use the official exchange rate for translation purposes. At December 31, 2013, the company’s operations in Venezuela had net monetary assets denominated in local currency of approximately $15 million.

During the years ended December 31, 2013, 2012 and 2011, the company recognized foreign exchange gains (losses) in “Other income (expense), net” in its consolidated statements of income of $10.4 million, $(8.1) million and $17.2 million, respectively.

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

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