Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Other Comprehensive Income (Loss)

The other comprehensive (loss) income consists of the following components:

	Year Ended December 31, 2014
	Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the year	$	(16,061	)	$	—		$	(16,061	)
Adjustment for sales of businesses with foreign operations	(404		)	—			(404		)
	(16,465		)	—			(16,465		)
Unrealized gains on available-for-sale securities:
Unrealized gains for the year	62,719			(25,088		)	37,631
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(265,274		)	106,110			(159,164		)
	(202,555		)	81,022			(121,533		)
Pension and other postretirement plans:
Actuarial loss	(149,482		)	59,792			(89,690		)
Prior service cost	(1,600		)	640			(960		)
Amortization of net actuarial gain included in net income	(29,412		)	11,765			(17,647		)
Amortization of net prior service credit included in net income	(407		)	163			(244		)
Curtailments and settlements	8			(3		)	5
	(180,893		)	72,357			(108,536		)
Cash flow hedge:
Gain for the year	867			(347		)	520
Other Comprehensive Loss	$	(399,046	)	$	153,032		$	(246,014	)

	Year Ended December 31, 2013
	Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the year	$	(1,059	)	$	—		$	(1,059	)
Unrealized gains on available-for-sale securities:
Unrealized gains for the year	95,629			(38,251		)	57,378
Reclassification adjustment for write-down on available-for-sale securities, net of gain, included in net income	9,554			(3,822		)	5,732
	105,183			(42,073		)	63,110
Pension and other postretirement plans:
Actuarial gain	762,806			(305,123		)	457,683
Amortization of net actuarial loss included in net income	3,096			(1,238		)	1,858
Amortization of net prior service credit included in net income	(1,383		)	553			(830		)
Curtailments and settlements	(124,051		)	49,617			(74,434		)
	640,468			(256,191		)	384,277
Cash flow hedge:
Gain for the year	520			(208		)	312
Other Comprehensive Income	$	745,112		$	(298,472	)	$	446,640

	Year Ended December 31, 2012
	Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the year	$	5,622		$	—		$	5,622
Adjustment for sales of businesses with foreign operations	(888		)	—			(888		)
	4,734			—			4,734
Unrealized gains on available-for-sale securities:
Unrealized gains for the year	33,098			(13,239		)	19,859
Reclassification adjustment for write-down on available-for-sale securities, net of gain, included in net income	17,226			(6,890		)	10,336
	50,324			(20,129		)	30,195
Pension and other postretirement plans:
Actuarial gain	82,470			(32,987		)	49,483
Amortization of net actuarial loss included in net income	9,368			(3,746		)	5,622
Amortization of net prior service credit included in net income	(1,859		)	744			(1,115		)
Other adjustments	(745		)	299			(446		)
	89,234			(35,690		)	53,544
Cash flow hedge:
Loss for the year	(1,581		)	633			(948		)
Other Comprehensive Income	$	142,711		$	(55,186	)	$	87,525

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

The accumulated balances related to each component of other comprehensive (loss) income are as follows:

(in thousands, net of taxes)	Cumulative Foreign Currency Translation Adjustment			Unrealized Gain on Available-for- Sale Securities			Unrealized Gain on Pensions and Other Postretirement Plans			Cash Flow Hedge			Accumulated Other Comprehensive Income
As of December 31, 2012	$	26,072		$	110,553		$	117,169		$	(940	)	$	252,854
Other comprehensive income (loss) before reclassifications	(1,059		)	57,378			383,249			(178		)	439,390
Net amount reclassified from accumulated other comprehensive income	—			5,732			1,028			490			7,250
Net other comprehensive income (loss)	(1,059		)	63,110			384,277			312			446,640
As of December 31, 2013	25,013			173,663			501,446			(628		)	699,494
Other comprehensive (loss) income before reclassifications	(16,061		)	37,631			(90,645		)	12			(69,063		)
Net amount reclassified from accumulated other comprehensive income	(404		)	(159,164		)	(17,891		)	508			(176,951		)
Net other comprehensive (loss) income	(16,465		)	(121,533		)	(108,536		)	520			(246,014		)
As of December 31, 2014	$	8,548		$	52,130		$	392,910		$	(108	)	$	453,480

Summary of Amounts and Line Items of Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:

	Year Ended December 31									Affected Line Item in the Consolidated Statement of Operations
(in thousands)	2014			2013			2012
Foreign Currency Translation Adjustments:
Adjustment for sales of businesses with foreign operations	$	(404	)	$	—		$	(888	)	Income from discontinued operations, net of tax
Unrealized Gains on Available-for-Sale Securities:
Realized (gain) loss for the year	(265,274		)	9,554			17,226			Other expense, net
	106,110			(3,822		)	(6,890		)	(1)
	(159,164		)	5,732			10,336			Net of tax
Pension and Other Postretirement Plans:
Amortization of net actuarial (gain) loss	(29,412		)	3,096			9,368			(2)
Amortization of net prior service credit	(407		)	(1,383		)	(1,859		)	(2)
	(29,819		)	1,713			7,509			Before tax
	11,928			(685		)	(3,002		)	Income taxes
	(17,891		)	1,028			4,507			Net of tax
Cash Flow Hedge
	847			816			306			Interest expense
	(339		)	(326		)	(122		)	Provision for income taxes
	508			490			184			Net of tax
Total reclassification for the year	$	(176,951	)	$	7,250		$	14,139		Net of tax

____________

(1) Benefits of $1.2 million were recorded in Provision for Income Taxes related to the realized loss for the year ended December 31, 2014. The remaining $107.3 million for the year relates to the reversal of income taxes previously recorded on the unrealized gain of the Company’s investment in Berkshire Hathaway Inc. marketable securities as part of the Berkshire exchange transaction, which qualified as a tax-free distribution under IRC Section 355 and 361 (see Note 7). The amounts for 2013 and 2012 were recorded in Provision for Income Taxes.

(2) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 14).