COMPREHENSIVE INCOME

3 Months Ended

Apr. 01, 2012

Notes To Financial Statements Abstract

9. COMPREHENSIVE INCOME

A summary of the components of comprehensive income (loss) is as follows:



	For the Three Months Ended April 1, 2012
	Pre-Tax Amount		Tax (Expense) Benefit			After-Tax Amount
In thousands of dollars
Net income						$	198,651
Other comprehensive income (loss):
Foreign currency translation adjustments	$	12,739	$	—		12,739
Pension and post-retirement benefit plans	9,730		(3,737		)	5,993
Cash flow hedges:
Gains on cash flow hedging derivatives	16,494		(6,489		)	10,005
Reclassification adjustments	28,024		(10,733		)	17,291
Total other comprehensive income	$	66,987	$	(20,959	)	46,028
Comprehensive income						$	244,679



	For the Three Months Ended April 3, 2011
	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
In thousands of dollars
Net income							$	160,115
Other comprehensive income (loss):
Foreign currency translation adjustments	$	9,878		$	—		9,878
Pension and post-retirement benefit plans	6,366			(2,703		)	3,663
Cash flow hedges:
Losses on cash flow hedging derivatives	(1,200		)	226			(974		)
Reclassification adjustments	(5,247		)	2,007			(3,240		)
Total other comprehensive income	$	9,797		$	(470	)	9,327
Comprehensive income							$	169,442

The components of accumulated other comprehensive income (loss) as shown on the Consolidated Balance Sheets are as follows:



	April 1, 2012			December 31, 2011
In thousands of dollars
Foreign currency translation adjustments	$	14,198		$	1,459
Pension and post-retirement benefit plans, net of tax	(350,410		)	(356,403		)
Cash flow hedges, net of tax	(60,091		)	(87,387		)
Total accumulated other comprehensive loss	$	(396,303	)	$	(442,331	)

- 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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