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Other Comprehensive Earnings (Tables)
12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of other comprehensive income
The amounts recognized in other comprehensive earnings were as follows:
Year Ended December 31, 2014
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments (1)
$
(131,420
)
 
$
(19,523
)
 
$
(150,943
)
Pension and other postretirement benefit plans
(70,705
)
 
20,994

 
(49,711
)
Changes in fair value of cash flow hedges
(375
)
 
131

 
(244
)
Other
1,067

 
(128
)
 
939

Total other comprehensive (loss) earnings
$
(201,433
)
 
$
1,474

 
$
(199,959
)

(1)
Tax expense in current year relates to gain for net investment hedges, as these were favorably impacted by the decline in foreign currency rates. See Note 11 Financial Instruments for additional information.
Year Ended December 31, 2013
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
2,242

 
$
2,494

 
$
4,736

Pension and other postretirement benefit plans
182,092

 
(63,585
)
 
118,507

Changes in fair value of cash flow hedges
(75
)
 
26

 
(49
)
Other
(642
)
 
77

 
(565
)
Total other comprehensive earnings (loss)
$
183,617

 
$
(60,988
)
 
$
122,629


Year Ended December 31, 2012
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
38,521

 
$
359

 
$
38,880

Pension and other postretirement benefit plans
(70,642
)
 
23,632

 
(47,010
)
Changes in fair value of cash flow hedges
195

 
(70
)
 
125

Other
692

 
(83
)
 
609

Total other comprehensive (loss) earnings
$
(31,234
)
 
$
23,838

 
$
(7,396
)
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The components of accumulated other comprehensive earnings (loss) are as follows:
 
December 31, 2014
 
December 31, 2013
Cumulative foreign currency translation adjustments
$
(14,884
)
 
$
170,609

Pension and other postretirement benefit plans (1)
(147,237
)
 
(105,381
)
Changes in fair value of cash flow hedges
3,190

 
2,495

 
$
(158,931
)
 
$
67,723

Comprehensive Income (Loss) [Table Text Block]
Total comprehensive earnings were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Net earnings
$
775,235

 
$
1,003,129

 
$
811,070

Other comprehensive (loss) earnings
(199,959
)
 
122,629

 
(7,396
)
Comprehensive earnings
$
575,276

 
$
1,125,758

 
$
803,674

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income Loss to Earnings [Table Text Block]
Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the year ended December 31, 2014, 2013 and 2012 were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Pension & postretirement benefit plans:
 
 
 
 
 
Amortization of actuarial losses
$
8,822

 
$
19,250

 
$
12,673

Amortization of prior service costs
8,556

 
8,834

 
8,174

Total before tax
17,378

 
28,084

 
20,847

Tax expense
(5,969
)
 
(9,809
)
 
(7,013
)
Net of tax
$
11,409

 
$
18,275

 
$
13,834

 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
Net gains reclassified into earnings
$
(164
)
 
$
(130
)
 
$
(549
)
Tax benefit
57

 
46

 
192

Net of tax
$
(107
)
 
$
(84
)
 
$
(357
)