Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The components of Accumulated Other Comprehensive Income (AOCI) on the Consolidated Balance Sheets at March 31, 2013 and December 31, 2012 and the changes during the three months ended March 31, 2013 are presented net of taxes in the following table.

							Changes in AOCI
							Three Months Ended March 31, 2013
	AOCI Components						Changes Before Reclassi- fications			Reclassi- fications from AOCI
(Thousands of dollars)	March 31, 2013			Dec. 31, 2012
Foreign currency translation gains, net of tax	$	495,738			613,492			(117,754	)		0
Retirement and postretirement benefit plan losses, net of tax		(183,801	)		(186,539	)		(347	)		3,085
Loss deferred on settled interest rate derivative contracts, net of tax		(17,566	)		(18,052	)		0			486
Accumulated other comprehensive income	$	294,371			408,901			(118,101	)		3,571

Schedule of Reclassifications from Accumulated Other Comprehensive Income

The following table presents further information about amounts reclassified from Accumulated Other Comprehensive Income during the three-month period ended March 31, 2013.

(Thousands of dollars)	Amounts Reclassified from AOCI			Affected Line Item in Consolidated Statement of Income
Amortization of retirement and postretirement plan items:
Actuarial net loss	$	3,989	*
Prior service cost		234	*
Transitional liability		122	*
		4,345		Total expense before tax
		1,260		Tax benefit
		3,085		Expense net of tax
Deferred loss on interest rate derivative hedges		741		Interest expense
		255		Tax benefit
		486		Net of tax
Total reclassifications for period	$	3,571		Net of tax

* These AOCI components are included in the computation of net periodic benefit expense. See Note G for additional information.