Comprehensive Income

9 Months Ended

Sep. 30, 2012

Comprehensive Income

Note C—Comprehensive Income

Comprehensive income was $549.0 million and $403.1 million for the nine months ended September 30, 2012 and 2011, 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:

	Nine Months Ended September 30,
	2012			2011
	(in thousands)
Net income	$	487,816		$	430,159
Other comprehensive income (loss):
Foreign currency translation		29,727			(37,547	)
Pension and other post-retirement benefit adjustments:
Recognition of prior service credit, net of tax		(3,715	)		(3,931	)
Recognition of actuarial loss, net of tax		35,181			14,438
Total other comprehensive income (loss)		61,193			(27,040	)
Comprehensive income	$	549,009		$	403,119

Comprehensive income for the three months ended September 30, 2012 and 2011 totaled $210.5 million and $84.9 million, respectively.