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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME ("AOCI")
The following tables set forth the total changes in AOCI by component, net of taxes, for the years ended December 31, 2013 and 2012:
 
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2011
 
$
912

 
$
(255,369
)
 
$
6,576

 
$
(247,881
)
Other comprehensive income (loss) before reclassification
 
(1,997
)
 
(26,373
)
2 
19,555

3 
(8,815
)
Amounts reclassified from AOCI
 
1,165

1 
19,898

2 
233

3 
21,296

Net current-period other comprehensive income (loss)
 
(832
)
 
(6,475
)
 
19,788

 
12,481

Balance at December 31, 2012
 
$
80

 
$
(261,844
)
 
$
26,364

 
$
(235,400
)
Other comprehensive income (loss) before reclassification
 
(681
)
 
82,050

2 
(19,316
)
3 
62,053

Amounts reclassified from AOCI
 
970

1 
19,101

2 
1,335

3 
21,406

Net current-period other comprehensive income (loss)
 
289

 
101,151

 
(17,981
)
 
83,459

Balance at December 31, 2013
 
$
369

 
$
(160,693
)
 
$
8,383

 
$
(151,941
)
 
 
 
 
 
 
 
 
 
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1
During the 2013 period, this AOCI reclassification is a component of Net sales of $619 (net of tax of $99), Cost of goods sold of $418 (net of tax of $295) and SG&A of $(67) with no tax effect; during the 2012 period, the reclassification is a component of Net sales of $931 (net of tax of $157) and Cost of goods sold of $234 (net of tax of $169). (See Note 13 - Derivatives for additional details.)
2
This AOCI component is included in the computation of net periodic pension costs (net of tax of $60,556 and $(3,492) during the years ended December 31, 2013 and 2012, respectively). (See Note 11 - Retirement and Postretirement Benefit Plans for additional details.)
3
The Other comprehensive income before reclassifications excludes $(1,819) and $(153) attributable to Non-controlling interests in the years ended December 31, 2013 and 2012, respectively. The reclassified AOCI component is included in the computation of Non-controlling interests. (See Consolidated Statements of Equity for additional details.)