Comprehensive Income

6 Months Ended

Jun. 30, 2012

Comprehensive Income

Comprehensive Income

Note 8—Comprehensive Income

        Comprehensive income is comprised 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 and six months ended June 30, 2012 and 2011 were as follows (in thousands):

	For the three months ended June 30,
	2012			Recast 2011
Net income	$	31,936		$	114,453
Change in pension and other postretirement benefit plans, net of deferred taxes of $2.4 and $1.8 million, respectively		3,897			3,085
Change in foreign currency translation adjustment		(3,209	)		(1,101	)
Change in unrealized loss on hedges, net of deferred taxes of $1.2 million and $0.4 million, respectively		(1,987	)		(595	)
Change in unrealized loss on investments, net of deferred taxes of $7.3 million		—			(14,120	)
Comprehensive income	$	30,637		$	101,722

	For the six months ended June 30,
	2012			Recast 2011
Net income	$	72,552		$	196,266
Change in pension and other postretirement benefit plans, net of deferred taxes of $4.8 and $3.7 million, respectively		7,795			6,234
Change in foreign currency translation adjustment		(790	)		(1,101	)
Change in unrealized loss on hedges, net of deferred taxes of $2.0 million and $0.4 million, respectively		(3,270	)		(713	)
Change in unrealized loss on investments, net of deferred taxes of $0.0 million and $1.7 million, respectively		(369	)		(4,494	)
Comprehensive income	$	75,918		$	196,192