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Other Items Impacting Comparability
 12 Months Ended
Dec. 31, 2014
Other Items Impacting Comparability [Abstract]  
OTHER ITEMS IMPACTING COMPARABILITY
OTHER ITEMS IMPACTING COMPARABILITY
Our primary measure of segment performance as shown in Note 29, "Segment Reporting", excludes certain items we do not believe are representative of the ongoing operations of the segment. Excluding these items from our segment measure of performance allows for better year over year comparison:
 
Years ended December 31,

 
2014
 
2013
 
2012
 
 
 
(In thousands)
 
 
Pension lump sum settlement loss(1)
$
(97,231
)
 
—

 
—

Pension settlement charges (1)
(12,564
)
 
(2,820
)
 
—

Restructuring and other (charges) recoveries, net(2)
(2,387
)
 
470

 
(8,070
)
Acquisition-related tax adjustment
(1,808
)
 
—

 
—

Acquisition transaction costs (3)
(566
)
 
—

 
(368
)
Consulting fees
(400
)
 
—

 
—

Foreign currency translation benefit
—

 
1,904

 
—

Superstorm Sandy vehicle-related recoveries (losses)
—

 
600

 
(8,230
)
Restructuring and other (charges) recoveries, net and other items
$
(114,956
)
 
$
154

 
$
(16,668
)
_______________
(1)
See Note 23, "Employee Benefit Plans," for additional information.
(2)
Refer to Note 4, "Restructuring and Other Charges (Recoveries),” for additional information.
(3)
See Note 3, "Acquisitions," for additional information
During 2014, we incurred charges of $2 million related to tax adjustments for the 2011 Hill Hire acquisition. We recorded the cumulative adjustment within “Selling, general and administrative expenses” in our Consolidated Statements of Earnings as the impact of the adjustments was not material to our consolidated financial statements in any individual prior period, and the cumulative amount is not material to 2014 results. During 2014, we incurred charges of $0.4 million related to professional fees associated with cost savings initiatives. This charge was recorded within “Selling, general and administrative expenses” in our Consolidated Statements of Earnings.
During 2013, we recognized a benefit of $2 million from the recognition of the accumulated currency translation adjustment from a FMS foreign operation which substantially liquidated its net assets. This benefit was recorded within “Miscellaneous income, net” in our Consolidated Statements of Earnings.
During 2013, we recognized a benefit of $1 million from the recovery of Superstorm Sandy losses. In the fourth quarter of 2012, we incurred $8 million of losses for property damage to vehicles owned by full service lease customers for which Ryder had liability under certain agreements. The 2013 benefit and the 2012 charge were both recorded within “Cost of services” in our Consolidated Statements of Earnings.