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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2013
Statement of Other Comprehensive Loss [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2013:
(Amounts in thousands)
Foreign currency translation items
 
Pension and other postretirement effects
 
Cash flow hedging activity(2)
 
Total(1)
 
 
Balance - January 1, 2013
$
(61,083
)
 
(161,757
)
 
$
(254
)
 
$
(223,094
)
Other comprehensive (loss) income before reclassifications, net of taxes
(38,878
)
 
3,480

 
(29
)
 
(35,427
)
Amounts reclassified from accumulated other comprehensive loss, net of taxes
1,217

 
3,252

 
270

 
4,739

Net current-period other comprehensive (loss) income, net of taxes
(37,661
)
 
6,732

 
241

 
(30,688
)
Balance - March 31, 2013
$
(98,744
)
 
(155,025
)
 
$
(13
)
 
$
(253,782
)
_______________________________________
(1)
Includes foreign currency translation adjustments attributable to noncontrolling interests of $1.2 million and $1.4 million at January 1, 2013 and March 31, 2013, respectively. Amounts in parentheses indicate debits.
(2)
Other comprehensive loss before reclassifications, net of taxes was $(559,000) and amounts reclassified from accumulated other comprehensive loss, net of taxes was $167,000 at March 31, 2012 for cash flow hedging activity.
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
The following table presents the reclassifications out of accumulated other comprehensive loss for the period ended March 31, 2013:
(Amounts in thousands)
Amount reclassified from accumulated other comprehensive loss (1)
 
Affected line item in the statement of income
Foreign currency translation items
 
 
 
Release of cumulative translation adjustments upon sale of equity method investment
$
(1,217
)
 
Net earnings from affiliates
 

 
Tax (expense) or benefit
 
$
(1,217
)
 
 Net of tax
 
 
 
 
Cash flow hedging activity
 
 
 
Interest rate swaps
$
(432
)
 
Interest expense
 
162

 
Tax benefit
 
$
(270
)
 
 Net of tax
 
 
 
 
Pension and other postretirement effects
 
 
 
Amortization of actuarial losses
$
(4,801
)
 
(2)
Amortization of prior service costs

 
(2)
 
(4,801
)
 
Total before tax
 
1,549

 
Tax benefit
 
$
(3,252
)
 
Net of tax
_______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclass amounts have a noncontrolling interest component.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 12 for additional details.