Comprehensive Income

6 Months Ended

Jun. 30, 2011

Note C — Comprehensive Income

Comprehensive income was $318.2 million and $226.4 million for the six months ended June 30, 2011 and 2010, respectively. The difference between comprehensive income and net income was due to foreign currency translation adjustments and pension and other post-retirement benefit adjustments, as summarized below:


	Six Months Ended June 30,
	2011			2010
	(in thousands)
Net income	$	278,327		$	225,076
Other comprehensive income:
Foreign currency translation		26,363			(8,067	)

Pension and other post-retirement benefit adjustments:
Recognition of prior service credit, net of tax		(2,519	)		(2,502	)
Recognition of actuarial loss, net of tax		16,028			11,926


Total other comprehensive income		39,872			1,357


Comprehensive income	$	318,199		$	226,433

Comprehensive income for the three months ended June 30, 2011 and 2010 totaled $163.4 million and $99.5 million, respectively.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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