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Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Accumulated Other Comprehensive Income

Note L – Accumulated Other Comprehensive Income

The components of Accumulated Other Comprehensive Income (AOCI) on the Consolidated Balance Sheets at March 31, 2013 and June 30, 2013 and the changes during the three month periods ended March 31, 2013 and June 30, 2013 are presented net of taxes in the following table.

 

     Foreign
Currency
Translation
Gains
(Losses)1		     Retirement
and
Postretirement
Benefit Plan
Adjustments1		     Deferred
Loss on
Interest
Rate
Derivative
Hedges1		     Total1  
(Thousands of dollars)                         

Balance at January 1, 2013

      613,492        (186,539 )      (18,052 )      408,901   

Components of other comprehensive income (loss):

         

Before reclassifications to income

      (117,754 )      207        0        (117,547 ) 

Reclassifications to income

      0        2,531 2      486 3      3,017   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net other comprehensive income (loss)

      (117,754 )      2,738        486        (114,530 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2013

      495,738        (183,801 )      (17,566 )      294,371   

Components of other comprehensive income (loss):

         

Before reclassifications to income

      (117,254 )      242        0        (117,012 ) 

Reclassification to income

      0        4,290 2      484 3      4,774   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net other comprehensive income (loss)

      (117,254 )      4,532        484        (112,238 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance at June 30, 2013

      378,484        (179,269 )      (17,082 )      182,133   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

1 

All amounts are presented net of income taxes.
2 

Reclassifications before taxes of $4,850 and $5,704 for the three-month periods ended March 31, 2013 and June 30, 2013, respectively, are included in the computation of net periodic benefit expense. See Note G for additional information. Related income taxes of $2,319 and $1,414 for the three-month periods ended March 31, 2013 and June 30, 2013, respectively, are included in Income tax expense.
3 

Reclassifications before taxes of $741 for each of the three-month periods ended March 31, 2013 and June 30, 2013 are included in Interest expense. Related income taxes of $255 and $257 for the three-month periods ended March 31, 2013 and June 30, 2013, respectively, are included in Income tax expense.