Comprehensive Income

3 Months Ended

Mar. 31, 2012

Comprehensive Income

Comprehensive Income

Note 7—Comprehensive Income

        Comprehensive income is comprised primarily of net income, changes in pension and other postretirement benefit plans, unrealized gains or losses on investments, gains or losses from the effect of cash flow hedges and foreign currency translation adjustments. Foreign currency translation adjustments are not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries. The differences between net income and comprehensive income for the three months ended March 31, 2012 and 2011 were as follows (in thousands):

	March 31, 2012			March 31, 2011
Net income	$	40,616		$	81,813
Change in pension and other postretirement benefit plans, net of deferred taxes of $2.4 and $1.9 million, respectively		3,898			3,149
Change in foreign currency translation adjustment		2,419			—
Change in unrealized loss on hedges, net of deferred taxes of $0.8 million and $0.1 million, respectively		(1,283	)		(118	)
Change in unrealized gain (loss) on investments, net of deferred taxes of $0.0 million and $5.6 million, respectively		(369	)		9,626
Comprehensive income	$	45,281		$	94,470