XML 78 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2015
COMPREHENSIVE INCOME [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in AOCI, net of tax, by component for the three months ended March 31, 2015 and 2014:
(in thousands)
Foreign Currency Translation Adjustments
 
Gain and (Loss) on Derivative Financial Instruments Designated as Cash Flow Hedges
 
Gain and (Loss) on Derivative Financial Instruments Designated as Net Investment Hedges
 
Net Unrealized Holding Gain (Loss) on Available-for-Sale Securities
 
Pension Liability Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
(212,490
)
 
$
(10,825
)
 
$
(112,728
)
 
$
8,481

 
$
(113,574
)
 
$
(441,136
)
Other comprehensive income (loss) before reclassifications
(189,451
)
 
20,919

 
7,368

 
30,851

 
—

 
(130,313
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(3,535
)
 
—

 
—

 
1,417

 
(2,118
)
Net (decrease) increase in other comprehensive income
(189,451
)
 
17,384

 
7,368

 
30,851

 
1,417

 
(132,431
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2015
$
(401,941
)
 
$
6,559

 
$
(105,360
)
 
$
39,332

 
$
(112,157
)
 
$
(573,567
)

(in thousands)
Foreign Currency Translation Adjustments
 
Gain and (Loss) on Derivative Financial Instruments Designated as Cash Flow Hedges
 
Gain and (Loss) on Derivative Financial Instruments Designated as Net Investment Hedges
 
Net Unrealized Holding Gain (Loss)on Available-for-Sale Securities
 
Pension Liability Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
$
140,992

 
$
(21,753
)
 
$
(151,114
)
 
$
12,729

 
$
(49,916
)
 
$
(69,062
)
Other comprehensive income (loss) before reclassifications
(1,107
)
 
642

 
(976
)
 
(2,041
)
 
(154
)
 
(3,636
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
2,091

 
—

 
—

 
472

 
2,563

Net (decrease) increase in other comprehensive income
(1,107
)
 
2,733

 
(976
)
 
(2,041
)
 
318

 
(1,073
)
Foreign currency translation related to acquisition of noncontrolling interests
(5,530
)
 
—

 
—

 
—

 
—

 
(5,530
)
Balance at March 31, 2014
$
134,355

 
$
(19,020
)
 
$
(152,090
)
 
$
10,688

 
$
(49,598
)
 
$
(75,665
)
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of accumulated other comprehensive income (expense) to the Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014:

(in thousands)
 
 
 
 
 
 
Details about AOCI Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in the
Statements of Operations
 
Three Months Ended March 31,
 
 
2015
 
2014
 
 
 
 
 
 
 
 
Gains and (losses) on derivative financial instruments:
Interest rate swaps
 
$
(966
)
 
$
(926
)
 
Interest expense
Foreign exchange forward contracts
 
3,886

 
(1,646
)
 
Cost of products sold
Foreign exchange forward contracts
 
162

 
(99
)
 
SG&A expenses
Commodity contracts
 
(129
)
 
(246
)
 
Cost of products sold
 
 
2,953

 
(2,917
)
 
Net loss before tax
 
 
582

 
826

 
Tax benefit
 
 
$
3,535

 
$
(2,091
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits
 
$
34

 
$
34

 
(a)
Amortization of net actuarial losses
 
(2,026
)
 
(719
)
 
(a)
 
 
(1,992
)
 
(685
)
 
Net loss before tax
 
 
575

 
213

 
Tax benefit
 
 
$
(1,417
)
 
$
(472
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
2,118

 
$
(2,563
)
 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for the three months ended March 31, 2015 and 2014 (see Note 8, Benefit Plans, for additional details).