Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2012

Accumulated Other Comprehensive Income (Loss)

Note 13: Accumulated Other Comprehensive Income (Loss)

The Company’s other comprehensive income (loss) consists of (i) unrealized foreign currency net gains and losses on the translation of the assets and liabilities of its foreign operations, (ii) realized and unrealized foreign currency gains and losses on intercompany notes of a long-term nature and certain hedges of net investments in foreign operations, (iii) unrealized gains and losses on cash flow hedges (consisting of interest rate swaps), net of income taxes, and (iv) pension and other postretirement prior service cost and actuarial gains or losses, net of income taxes. See Note 16 “Hedging Activities, Derivative Instruments and Credit Risk” and Note 11 “Benefit Plans.”

The before tax income (loss), related income tax effect and accumulated balances are as follows:

	Cumulative Currency Translation Adjustment			Foreign Currency Gains and (Losses)			Unrealized (Losses) Gains on Cash Flow Hedges			Pension and Postretirement Benefit Plans			Accumulated Other Comprehensive Income
Balance at December 31, 2009	$	134,573			(21,319	)		(250	)		(30,490	)		82,514
Before tax income (loss)		(65,291	)		38,813			(1,101	)		7,363			(20,216	)
Income tax effect		—			1,601			418			(2,892	)		(873	)
Other comprehensive income (loss)		(65,291	)		40,414			(683	)		4,471			(21,089	)
Balance at December 31, 2010		69,282			19,095			(933	)		(26,019	)		61,425
Before tax (loss) income		(31,249	)		(115	)		700			(16,247	)		(46,911	)
Income tax effect		—			(1,668	)		(266	)		4,706			2,772
Other comprehensive (loss) income		(31,249	)		(1,783	)		434			(11,541	)		(44,139	)
Balance at December 31, 2011		38,033			17,312			(499	)		(37,560	)		17,286
Before tax (loss) income		20,341			5,649			297			(6,284	)		20,005
Income tax effect		—			(799	)		(112	)		798			(115	)
Other comprehensive (loss) income		20,341			4,850			185			(5,486	)		19,890
Balance at December 31, 2012	$	58,374			22,162			(314	)		(43,046	)		37,176