Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2014

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, 2014 and December 31, 2013 and the changes during the three months ended March 31, 2014 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 December 31, 2013		305,192			(116,956	)		(16,117	)		172,119
Components of other comprehensive income (loss):
Before reclassifications to income		(136,604	)		236			0			(136,368	)
Reclassifications to income		0			1,229	2		483	3		1,712
Net other comprehensive income (loss)		(136,604	)		1,465			483			(134,656	)
Balance at March 31, 2014		168,588			(115,491	)		(15,634	)		37,463

¹  All amounts are presented net of income taxes.

²  Reclassifications before taxes of $1,878 for the three-month period ended March 31, 2014 are included in the computation of net periodic benefit expense. See Note G for additional information. Related income taxes of $649 for the three-month period ended March 31, 2014 are included in Income tax expense.

³  Reclassifications before taxes of $741 for the three-month period ended March 31, 2014 are included in Interest expense. Related income taxes of $258 for the three-month period ended March 31, 2014 are included in Income tax expense.