Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

ACCUMULATED OTHER COMPREHENSIVE INCOME – At December 31, 2011 and 2010, the components of Accumulated Other Comprehensive Income were as follows.


(Thousands of dollars)	2011			2010
Foreign currency translation gains	$	496,161			587,408
Retirement and postretirement plan adjustments, net of tax		(168,889	)		(137,980	)
Loss deferred on interest rate hedges, net of tax		(16,852	)		0

Balance at end of year	$	310,420			449,428

Noncash operating working capital (increased) decreased during each of the three years ended December 31, 2011 as follows.


(Thousands of dollars)	2011			2010			2009
Accounts receivable	$	(43,630	)		(4,363	)		(402,481	)
Inventories		(59,413	)		(28,231	)		(114,569	)
Prepaid expenses		20,548			14,567			7,209
Deferred income tax assets		8,488			(80,073	)		14,772
Accounts payable and accrued liabilities		(478,029	)		766,067			365,257
Current income tax liabilities		(273,118	)		(28,401	)		(64,878	)

Net (increase) decrease in noncash operating working capital	$	(825,154	)		639,566			(194,690	)