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Other Comprehensive Earnings
6 Months Ended
Jun. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Earnings
14. Other Comprehensive Earnings (Loss)

The amounts recognized in other comprehensive (loss) earnings were as follows:

 
Three Months Ended
 
Three Months Ended
 
June 30, 2016
 
June 30, 2015
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(40,417
)
 
$
(1,575
)
 
$
(41,992
)
 
$
33,058

 
$
3,392

 
$
36,450

Pension and other postretirement benefit plans
3,701

 
(1,245
)
 
2,456

 
5,775

 
(1,958
)
 
3,817

Changes in fair value of cash flow hedges
78

 
(27
)
 
51

 
(364
)
 
127

 
(237
)
Other
(507
)
 
59

 
(448
)
 
317

 
(40
)
 
277

Total other comprehensive (loss) earnings
$
(37,145
)
 
$
(2,788
)
 
$
(39,933
)
 
$
38,786

 
$
1,521

 
$
40,307


Foreign currency translation adjustments for the three months ended June 30, 2016 and 2015 include a pre-tax gain of $4,500 and a pre-tax loss $9,691, respectively, on the Company's net investment hedges, which resulted in a tax expense of $1,575 and tax benefit of $3,392 reflected in other comprehensive income for the respective periods. See also Note 9 Financial Instruments.

 
Six Months Ended
 
Six Months Ended
 
June 30, 2016
 
June 30, 2015
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
(33,806
)
 
$
583

 
$
(33,223
)
 
$
(39,145
)
 
$
(8,514
)
 
$
(47,659
)
Pension and other postretirement benefit plans
7,392

 
(2,486
)
 
4,906

 
11,563

 
(3,920
)
 
7,643

Changes in fair value of cash flow hedges
(69
)
 
24

 
(45
)
 
1,265

 
(443
)
 
822

Other
1,584

 
(192
)
 
1,392

 
558

 
(67
)
 
491

Total other comprehensive loss
$
(24,899
)
 
$
(2,071
)
 
$
(26,970
)
 
$
(25,759
)
 
$
(12,944
)
 
$
(38,703
)

Foreign currency translation adjustments for the six months ended June 30, 2016 include pre-tax losses of $1,665 on the Company's net investment hedges, which result in a tax benefit of $583 reflected in other comprehensive income. The six months ended June 30, 2015 reflect gains of $24,326 on these hedges, which resulted a tax expense of $8,514 included in other comprehensive income. See also Note 9 Financial Instruments.
Total comprehensive earnings were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Net earnings
$
118,290

 
$
332,396

 
$
217,646

 
$
541,906

Other comprehensive (loss) earnings
(39,933
)
 
40,307

 
(26,970
)
 
(38,703
)
Comprehensive earnings
$
78,357

 
$
372,703

 
$
190,676

 
$
503,203



Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings (loss) during the three and six months ended June 30, 2016 and 2015 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016

2015
Pension and postretirement benefit plans:
 
 
 
 
 
 
 
Amortization of actuarial losses
$
2,087

 
$
3,890

 
$
4,163

 
$
7,792

Amortization of prior service costs
1,614

 
1,885

 
3,229

 
3,771

Total before tax
3,701

 
5,775

 
7,392

 
11,563

Tax provision
(1,245
)
 
(1,958
)
 
(2,486
)
 
(3,920
)
Net of tax
$
2,456

 
$
3,817

 
$
4,906

 
$
7,643

 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
Net gains reclassified into earnings
$
328

 
$
877

 
$
256

 
$
724

Tax provision
(115
)
 
(307
)
 
(90
)
 
(253
)
Net of tax
$
213

 
$
570

 
$
166

 
$
471


The Company recognizes net periodic pension cost, which includes amortization of net actuarial losses and prior service costs, in both selling and administrative expenses and cost of goods and services, depending on the functional area of the underlying employees included in the plans.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling & administrative expenses.