Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss) [Abstract]

Components of Accumulated Other Comprehensive Income

(Thousands of dollars)	Foreign Currency Translation Gains (Losses)1			Retirement and Postretirement Benefit Plan Adjustments1		Deferred Loss on Interest Rate Derivative Hedges1		Total1
Balance at December 31, 2012	$	613,492		(186,539)		(18,052)		408,901
2013 components of other comprehensive income (loss):
Before reclassifications to income		(240,300)		59,145		–		(181,155)
Reclassifications to income		(68,000)	2	10,438	3	1,935	4	(55,627)
Net other comprehensive income (loss)		(308,300)		69,583		1,935		(236,782)
Balance at December 31, 2013		305,192		(116,956)		(16,117)		172,119
2014 components of other comprehensive income (loss):
Before reclassifications to income		(271,491)		(79,403)		–		(350,894)
Reclassifications to income		–		6,607	3	1,913	4	8,520
Net other comprehensive income (loss)		(271,491)		(72,796)		1,913		(342,374)
Balance at December 31, 2014	$	33,701		(189,752)		(14,204)		(170,255)

¹ All amounts are presented net of income taxes.

² Reclassification is included in income from discontinued operations, net of income taxes.

³ Reclassifications before taxes of $18,570 and $9,813 are included in the computation of net periodic benefit expense in 2013 and 2014, respectively.  Related income taxes of $8,132 and $3,206 are included in Income tax expense in 2013 and 2014, respectively.

⁴ Reclassifications before taxes of $2,963 are included in Interest expense in both 2013 and 2014.  Related income taxes of $1,028 and $1,050 are included in Income tax expense in 2013 and 2014, respectively.