Pensions and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2012

Pensions and Other Postretirement Benefits [Abstract]

Retirement Plan amounts recorded on consolidated balance sheets

The following table summarizes amounts recorded on the consolidated balance sheets associated with these various retirement benefit plans:

	December 31,
	2012			2011
Included in "Other Assets":
Non-U.S. pension plans	$	143		$	802
Total included in other assets	$	143		$	802
Included in "Accrued Payroll":
U.S. pension plans	$	(83	)	$	-
Non-U.S. pension plans		(6,997	)		-
U.S. other postretirement plans		(637	)		-
Total included in accrued payroll	$	(7,717	)	$	-
Accrued pension and other postretirement costs:
U.S. pension plans	$	(89,116	)	$	(83,482	)
Non-U.S. pension plans		(229,014	)		(209,224	)
U.S. other postretirement plans		(7,520	)		(10,924	)
Non-U.S. other postretirement plans		(6,964	)		(5,972	)
Other retirement obligations		(12,347	)		(9,534	)
Total accrued pension and other postretirement costs	$	(344,961	)	$	(319,136	)
Accumulated other comprehensive loss:
U.S. pension plans	$	146,525		$	135,009
Non-U.S. pension plans		71,459			41,494
U.S. other postretirement plans		(5,937	)		(4,142	)
Non-U.S. other postretirement plans		805			-
Total accumulated other comprehensive loss*	$	212,852		$	172,361

* - Amounts included in accumulated other comprehensive loss are presented in this table pre-tax.

Reconciliation of benefit obligation, plan assets, an funded status

The following table sets forth a reconciliation of the benefit obligation, plan assets, and funded status related to U.S. and non-U.S. pension plans:

	December 31, 2012						December 31, 2011
	U.S.Plans			Non-U.S.Plans			U.S.Plans			Non-U.S.Plans
Change in benefit obligation:
Benefit obligation at beginning of year	$	322,527		$	243,966		$	303,613		$	231,870
Service cost		-			3,247			-			3,197
Interest cost		15,699			9,374			16,332			10,366
Plan amendments		-			67			-			531
Actuarial (gains) losses		35,467			29,957			20,320			14,986
Benefits paid		(18,628	)		(11,456	)		(17,738	)		(12,764	)
Currency translation		-			7,293			-			(4,220	)
Benefit obligation at end of year	$	355,065		$	282,448		$	322,527		$	243,966
Change in plan assets:
Fair value of plan assets at beginning
of year	$	239,045		$	35,544		$	238,523		$	32,461
Actual return on plan assets		27,763			2,795			1,117			830
Company contributions		17,686			17,905			17,143			15,325
Benefits paid		(18,628	)		(11,456	)		(17,738	)		(12,763	)
Currency translation		-			1,792			-			(309	)
Fair value of plan assets at end of year	$	265,866		$	46,580		$	239,045		$	35,544
Funded status at end of year	$	(89,199	)	$	(235,868	)	$	(83,482	)	$	(208,422	)

The following table sets forth a reconciliation of the benefit obligation, plan assets, and accrued benefit cost related to U.S. and non-U.S. non-pension defined benefit postretirement plans:

	December 31, 2012						December 31, 2011
	U.S.Plans			Non-U.S. Plans			U.S.Plans			Non-U.S. Plans
Change in benefit obligation:
Benefit obligation at beginning of year	$	10,924		$	5,972		$	10,633		$	5,801
Service cost		106			253			77			275
Interest cost		366			286			547			282
Plan amendments and initiations		(3,297	)		-			-			-
Actuarial (gains) losses		660			1,022			675			341
Benefits paid		(602	)		(704	)		(1,008	)		(618	)
Currency translation		-			135			-			(109	)
Benefit obligation at end of year	$	8,157		$	6,964		$	10,924		$	5,972
Fair value of plan assets at end of year	$	-		$	-		$	-		$	-
Funded status at end of year	$	(8,157	)	$	(6,964	)	$	(10,924	)	$	(5,972	)

Amounts recognized in consolidated balance sheet

Amounts recognized in the consolidated balance sheet consist of the following:

	December 31, 2012						December 31, 2011
	U.S.Plans			Non-U.S.Plans			U.S.Plans			Non-U.S.Plans
Other assets	$	-		$	143		$	-		$	802
Accrued benefit liability - currrent		(83	)		(6,997	)		-			-
Accrued benefit liability - non-current		(89,116	)		(229,014	)		(83,482	)		(209,224	)
Accumulated other comprehensive loss		146,525			71,459			135,009			41,494
	$	57,326		$	(164,409	)	$	51,527		$	(166,928	)

Amounts recognized in the consolidated balance sheet consist of the following:

	December 31, 2012						December 31, 2011
	U.S.Plans			Non-U.S. Plans			U.S.Plans			Non-U.S. Plans
Accrued benefit liability - current	$	(637	)	$	-		$	-		$	-
Accrued benefit liability - non-current		(7,520	)		(6,964	)		(10,924	)		(5,972	)
Accumulated other comprehensive income		(5,937	)		805			(4,142	)		-
	$	(14,094	)	$	(6,159	)	$	(15,066	)	$	(5,972	)

Components of actuarial items

Actuarial items consist of the following:

	December 31, 2012				December 31, 2011
	U.S.Plans		Non-U.S.Plans		U.S.Plans		Non-U.S.Plans
Unrecognized net actuarial loss	$	144,324	$	71,459	$	130,608	$	41,494
Unamortized prior service cost		2,201		-		4,401		-
	$	146,525	$	71,459	$	135,009	$	41,494

Actuarial items consist of the following:

	December 31, 2012					December 31, 2011
	U.S.Plans			Non-U.S. Plans		U.S.Plans			Non-U.S. Plans
Unrecognized net actuarial gain	$	(1,657	)	$	805	$	(2,309	)	$	-
Unamortized prior service (credit) cost		(4,280	)		-		(1,865	)		-
Unrecognized net transition obligation		-			-		32			-
	$	(5,937	)	$	805	$	(4,142	)	$	-

Projected and accumulated benefit obligations

The following table sets forth additional information regarding the projected and accumulated benefit obligations:

	December 31, 2012				December 31, 2011
	U.S.Plans		Non-U.S.Plans		U.S.Plans		Non-U.S.Plans
Accumulated benefit obligation, all plans	$	355,065	$	261,557	$	322,527	$	225,381
Plans for which the accumulated benefit
obligation exceeds plan assets:
Projected benefit obligation	$	355,065	$	255,772	$	322,527	$	236,323
Accumulated benefit obligation		355,065		240,816		322,527		221,637
Fair value of plan assets		265,866		20,436		239,045		27,098

Components of the net periodic benefit costs

The following table sets forth the components of net periodic pension cost:

	Years ended December 31,
	2012						2011						2010
	U.S.Plans			Non-U.S.Plans			U.S.Plans			Non-U.S.Plans			U.S.Plans			Non-U.S.Plans
Service cost net of employee contributions	$	-		$	3,247		$	-		$	3,197		$	-		$	3,027
Interest cost		15,699			9,374			16,332			10,366			16,341			10,774
Expected return on plan assets		(18,972	)		(1,667	)		(19,082	)		(1,651	)		(18,098	)		(1,629	)
Amortization of actuarial losses		12,960			1,681			9,006			993			9,315			160
Amortization of prior service cost		2,200			60			2,361			531			1,477			163
Curtailment and settlement losses (gains)		-			-			148			-			-			-
Net periodic benefit cost	$	11,887		$	12,695		$	8,765		$	13,436		$	9,035		$	12,495

The following table sets forth the components of net periodic benefit cost:

	Years ended December 31,
	2012					2011					2010
	U.S.Plans			Non-U.S.Plans		U.S.Plans			Non-U.S.Plans		U.S.Plans			Non-U.S.Plans
Service cost	$	106		$	253	$	77		$	275	$	95		$	255
Interest cost		366			286		547			282		640			291
Amortization of actuarial gains		(76	)		-		(315	)		-		(244	)		-
Amortization of prior service credit		(798	)		-		(431	)		-		(434	)		-
Amortization of transition obligation		32			-		47			-		61			-
Net periodic benefit cost	$	(370	)	$	539	$	(75	)	$	557	$	118		$	546

Weighted average assumptions used

The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

	2012		2011
	U.S.Plans	Non-U.S.Plans	U.S.Plans	Non-U.S.Plans
Discount rate	4.00%	3.04%	5.00%	3.96%
Rate of compensation increase	0.00%	1.48%	0.00%	2.31%

The following weighted average assumptions were used to determine the net periodic pension costs for the years ended December 31, 2012 and 2011:

	Years ended December 31,
	2012		2011
	U.S.Plans	Non-U.S.Plans	U.S.Plans	Non-U.S.Plans
Discount rate	5.00%	3.96%	5.50%	4.50%
Rate of compensation increase	0.00%	2.31%	0.00%	2.19%
Expected return on plan assets	8.00%	4.47%	8.00%	4.26%

The following weighted average assumptions were used to determine benefit obligations at December 31 of the respective years:

	2012		2011
	U.S.Plans	Non-U.S. Plans	U.S.Plans	Non-U.S. Plans
Discount rate	4.00%	3.80%	5.00%	5.09%
Rate of compensation increase	0.00%	3.20%	0.00%	3.22%

The following weighted average assumptions were used to determine the net periodic benefit costs for the years ended December 31, 2012 and 2011:

	Years ended December 31,
	2012		2011
	U.S.Plans	Non-U.S. Plans	U.S.Plans	Non-U.S. Plans
Discount rate	5.00%	5.09%	5.50%	4.80%
Rate of compensation increase	0.00%	3.22%	0.00%	3.00%

Estimated future benefit payments

Estimated future benefit payments are as follows:

	U.S.Plans		Non-U.S.Plans
2013		18,595		12,225
2014		24,960		14,382
2015		20,624		13,580
2016		20,960		14,315
2017		20,229		16,839
2018-2022		107,853		86,879

Estimated future benefit payments are as follows:

	U.S.Plans		Non-U.S. Plans
2013	$	637	$	444
2014		654		327
2015		675		333
2016		683		402
2017		669		497
2018-2022		2,970		3,470