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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Loss [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The following presents the components of accumulated other comprehensive loss (AOCL), net of related tax effects:
 
2014
 
2013
(Amounts in thousands)
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
 
Foreign currency translation items(1)
 
Pension and other post-retirement effects
 
Cash flow hedging activity
 
Total(1)
Balance - January 1
$
(89,953
)
 
$
(129,528
)
 
$
(814
)
 
$
(220,295
)
 
$
(61,083
)
 
$
(161,757
)
 
$
(254
)
 
$
(223,094
)
Other comprehensive (loss) income before reclassifications
(150,357
)
 
(16,300
)
 
(5,342
)
 
(171,999
)
 
(30,087
)
 
18,951

 
(1,501
)
 
(12,637
)
Amounts
reclassified
from AOCL
1,777

 
10,430

 
946

 
13,153

 
1,217

 
13,278

 
941

 
15,436

Net current-period other comprehensive (loss) income
(148,580
)
 
(5,870
)
 
(4,396
)
 
(158,846
)

(28,870
)

32,229


(560
)
 
2,799

Balance - December 31
$
(238,533
)
 
$
(135,398
)
 
$
(5,210
)
 
$
(379,141
)
 
$
(89,953
)

$
(129,528
)

$
(814
)

$
(220,295
)
_______________________________________
(1)
Includes foreign currency translation adjustments attributable to noncontrolling interests of $1.3 million for December 31, 2014 and $1.2 million for both December 31, 2013 and 2012. Foreign currency translation impact primarily represents the weakening of the Euro exchange rate versus the U.S. dollar for the period.


Reclassifications from Accumulated Other Comprehensive Loss
The following table presents the reclassifications out of AOCL:

(Amounts in thousands)
 
Affected line item in the statement of income
2014(1)
 
2013(1)
Foreign currency translation items
 
 
 
 
 
Release of cumulative translation adjustments upon sale of equity method investment
 
Net earnings from affiliates
$

 
$
(1,217
)
Release of cumulative translation
adjustments due to sale of business
 
Selling, general and
administrative expense
(1,777
)
 

 
 
Tax (expense) benefit

 

 
 
 Net of tax
$
(1,777
)

$
(1,217
)
 
 
 
 
 
 
Cash flow hedging activity
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense), net
$
(1,534
)
 
$
(1,506
)
 
 
Tax benefit
588

 
565

 
 
 Net of tax
$
(946
)

$
(941
)
 
 
 
 
 
 
Pension and other postretirement effects
 
 
 
 
 
  Amortization of actuarial losses(2)
 
 
$
(13,976
)
 
$
(19,669
)
  Prior service costs(2)
 
 
(668
)
 

  Settlement(2)
 
 
(314
)
 

 
 
Tax benefit
4,528

 
6,391

 
 
Net of tax
$
(10,430
)

$
(13,278
)
______________________________________
(1) Amounts in parentheses indicate decreases to income. None of the reclassification 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.