Foreign Currency Translation	9 Months Ended
Sep. 30, 2015
Foreign Currency Translation	k. Foreign Currency Translation. In January of 2014, the Venezuelan government announced that the exchange rate to be applied to the settlement of certain transactions, including foreign investments and royalties would be changed to the SICAD I auction rate. As a result, the company changed the exchange rate used to remeasure its Venezuelan subsidiary’s financial statements in U.S. dollars from the official rate of 6.3 bolivars to the SICAD I rate. As the company believes that the SIMADI rate is now more representative of what it might expect to receive in a dividend transaction, the company switched to using the SIMADI rate effective as of September 30, 2015. At that date the SIMADI exchange rate was approximately 198.45 bolivars to the U.S. dollar. As a result of the change in rate, the company recorded a foreign exchange loss of approximately $7 million in the September 2015 quarter. After the application of the SIMADI exchange rate at September 30, 2015, the company’s operations in Venezuela had an immaterial amount of net monetary assets denominated in local currency.

Foreign Currency Translation

9 Months Ended

Sep. 30, 2015

k. Foreign Currency Translation. In January of 2014, the Venezuelan government announced that the exchange rate to be applied to the settlement of certain transactions, including foreign investments and royalties would be changed to the SICAD I auction rate. As a result, the company changed the exchange rate used to remeasure its Venezuelan subsidiary’s financial statements in U.S. dollars from the official rate of 6.3 bolivars to the SICAD I rate.

As the company believes that the SIMADI rate is now more representative of what it might expect to receive in a dividend transaction, the company switched to using the SIMADI rate effective as of September 30, 2015. At that date the SIMADI exchange rate was approximately 198.45 bolivars to the U.S. dollar. As a result of the change in rate, the company recorded a foreign exchange loss of approximately $7 million in the September 2015 quarter.

After the application of the SIMADI exchange rate at September 30, 2015, the company’s operations in Venezuela had an immaterial amount of net monetary assets denominated in local currency.

- 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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