Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Components of Accumulated Other Comprehensive Income

ACCUMULATED OTHER COMPREHENSIVE INCOME – At December 31, 2012 and 2011, the components of Accumulated Other Comprehensive Income are presented in the table that follows.

(Thousands of dollars)	2012			2011
Foreign currency translation gains, net of tax	$	613,492			496,161
Retirement and postretirement plan adjustments, net of tax		(186,539	)		(168,889	)
Loss deferred on interest rate derivative contracts settled in 2012, net of tax		(18,052	)		(16,852	)
Balance at end of year	$	408,901			310,420

Noncash Operating Working Capital (Increased) Decreased

Noncash operating working capital (increased) decreased during each of the three years ended December 31, 2012 as shown in the following table.

(Thousands of dollars)	2012			2011			2010
Accounts receivable	$	(309,322	)		(43,630	)		(4,363	)
Inventories		(157,657	)		(59,413	)		(28,231	)
Prepaid expenses		(242,771	)		20,548			14,567
Deferred income tax assets		(1,554	)		8,488			(80,073	)
Accounts payable and accrued liabilities		269,634			(478,580	)		766,113
Current income tax liabilities		40,567			(273,118	)		(28,401	)
Net (increase) decrease in noncash operating working capital	$	(401,103	)		(825,705	)		639,612