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Pension, Health Care and Postretirement Benefits Other Than Pensions (Tables)
 12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Health care, pension and other benefits
The following table summarizes the components of the net pension costs and Cumulative other comprehen-sive loss related to the defined benefit pension plans:

 
Domestic
Defined Benefit Pension Plans
 
Foreign
Defined Benefit Pension Plans
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Net pension costs:
 
 
 
 
 
 
 
 
 
 
 
Service costs
$
19,061

 
$
17,933

 
$
16,906

 
$
3,654

 
$
3,055

 
$
2,061

Interest costs
17,442

 
18,602

 
18,028

 
6,927

 
5,954

 
4,266

Expected returns on plan assets
(44,841
)
 
(46,441
)
 
(42,311
)
 
(6,799
)
 
(5,535
)
 
(2,842
)
Amortization of prior service costs
1,591

 
1,635

 
1,661

 
 
 


 
29

Amortization of actuarial losses
22,205

 
16,865

 
18,943

 
1,022

 
493

 
1,363

Ongoing pension costs
15,458

 
8,594

 
13,227

 
4,804

 
3,967

 
4,877

Settlement costs (credits)
 
 
 
 
 
 
47

 
(235
)
 


Net pension costs
15,458

 
8,594

 
13,227

 
4,851

 
3,732

 
4,877

Other changes in plan assets and projected benefit
obligation recognized in Cumulative other comprehensive loss (before taxes):
 
 
 
 
 
 
 
 
 
 
 
Net actuarial (gains) losses arising during the year
(26,459
)
 
48,745

 
681

 
14,131

 
15,944

 
(10,043
)
Prior service costs during the year
2,495

 
1,195

 


 
 
 
 
 
 
Amortization of prior service costs
(1,591
)
 
(1,635
)
 
(1,661
)
 
 
 


 
(29
)
Amortization of actuarial losses
(22,205
)
 
(16,865
)
 
(18,943
)
 
(1,022
)
 
(493
)
 
(1,363
)
Exchange rate gain (loss) recognized during the year
 
 
 
 
 
 
1,464

 
(387
)
 
(1,536
)
Total recognized in Cumulative other
comprehensive loss
(47,760
)
 
31,440

 
(19,923
)
 
14,573

 
15,064

 
(12,971
)
Total recognized in net pension costs
and Cumulative other comprehensive loss
$
(32,302
)
 
$
40,034

 
$
(6,696
)
 
$
19,424

 
$
18,796

 
$
(8,094
)
Fair value of the defined benefit pension plan assets
The following tables summarize the fair value of the defined benefit pension plan assets at December 31, 2012, 2011 and 2010:
 
Fair Value at
December 31,
2012
 
Quoted Prices in 
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
Investments at fair value:
 
 
 
 
 
 
 
Short-term investments (a)
$
68,795

 
 
 
$
68,795

 
 
Equity investments (b)
490,993

 
$
243,553

 
247,440

 
 
Fixed income investments (c)
239,558

 
131,276

 
108,282

 
 
Other assets (d)
37,230

 
 
 
18,380

 
$
18,850

 
$
836,576

 
$
374,829

 
$
442,897

 
$
18,850

 
 
 
 
 
 
 
 
 
Fair Value at
December 31,
2011
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
Investments at fair value:
 
 
 
 
 
 
 
Short-term investments (a)
$
9,408

 
 
 
$
9,408

 
 
Equity investments (b)
482,694

 
$
268,307

 
214,387

 
 
Fixed income investments (c)
202,939

 
103,485

 
99,454

 
 
Other assets (d)
37,482

 
 
 
16,582

 
$
20,900

 
$
732,523

 
$
371,792

 
$
339,831

 
$
20,900

 
 
 
 
 
 
 
 
 
Fair Value at
December 31,
2010
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
Investments at fair value:
 
 
 
 
 
 
 
Short-term investments (a)
$
33,050

 
 
 
$
33,050

 
 
Equity investments (b)
463,108

 
$
257,616

 
205,492

 
 
Fixed income investments (c)
185,163

 
101,227

 
78,401

 
$
5,535

Other assets (d)
19,152

 
 
 
 
 
19,152

 
$
700,473

 
$
358,843

 
$
316,943

 
$
24,687

(a)
This category includes a full range of high quality, short-term money market securities.
(b)
This category includes actively managed equity assets that track primarily to the S&P 500.
(c)
This category includes government and corporate bonds that track primarily to the Barclays Capital Aggregate Bond Index.
(d)
This category consists of venture capital funds.
Changes in the fair value of the defined benefit pension plan assets classified as level 3
The following tables summarize the changes in the fair value of the defined benefit pension plan assets classified as level 3 at December 31, 2012, 2011 and 2010: 
 
Balance at
December 31,
2011
 
Dispositions
 
Realized and Unrealized Gains
 
Balance at
December 31,
2012
Other assets
$
20,900

 
$
(3,827
)
 
$
1,777

 
$
18,850

 
 
 
 
 
 
 
 
 
Balance at
December 31,
2010
 
Dispositions
 
Realized and Unrealized Gains
 
Balance at
December 31,
2011
Fixed income investments
$
5,535

 
$
(5,717
)
 
$
182

 
 
Other assets
19,152

 
(1,389
)
 
3,137

 
$
20,900

 
$
24,687

 
$
(7,106
)
 
$
3,319

 
$
20,900

 
 
 
 
 
 
 
 
 
Balance at
January 1, 
2010
 
Dispositions
 
Realized and Unrealized Gains
 
Balance at
December 31,
2010
Fixed income investments
$
5,265

 
$
(269
)
 
$
539

 
$
5,535

Other assets
17,728

 
(695
)
 
2,119

 
19,152

 
$
22,993

 
$
(964
)
 
$
2,658

 
$
24,687
Obligations, plan assets and assumption used for defined benefit pension plan
The following table summarizes the obligations, plan assets and assumptions used for the defined benefit pension plans, which are all measured as of December 31:
 
Domestic
Defined Benefit Pension Plans
 
Foreign
Defined Benefit Pension Plans
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Accumulated benefit obligations
at end of year
$
460,591

 
$
415,163

 
$
371,195

 
$
142,769

 
$
121,137

 
$
67,964

Projected benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
Balances at beginning of year
$
410,029

 
$
390,257

 
$
339,275

 
$
141,465

 
$
85,936

 
$
75,175

Service costs
19,061

 
17,933

 
16,906

 
3,654

 
3,055

 
2,061

Interest costs
17,442

 
18,602

 
18,028

 
6,927

 
5,954

 
4,266

Actuarial losses (gains)
48,346

 
8,428

 
41,739

 
17,532

 
11,395

 
(6,950
)
Acquisitions of businesses and other
2,496

 
1,194

 
 
 
(975
)
 
42,131

 
14,378

Effect of foreign exchange
 
 
 
 
 
 
6,633

 
(3,760
)
 
(1,063
)
Benefits paid
(30,547
)
 
(26,385
)
 
(25,691
)
 
(6,478
)
 
(3,246
)
 
(1,931
)
Balances at end of year
466,827

 
410,029

 
390,257

 
168,758

 
141,465

 
85,936

Plan assets:
 
 
 
 
 
 
 
 
 
 
 
Balances at beginning of year
614,463

 
634,725

 
577,047

 
118,060

 
65,748

 
55,870

Actual returns on plan assets
119,647

 
6,123

 
83,369

 
10,201

 
987

 
5,935

Acquisitions of businesses and other
 
 
 
 
 
 
6,205

 
57,761

 
7,085

Effect of foreign exchange
 
 
 
 
 
 
5,025

 
(3,190
)
 
(1,211
)
Benefits paid
(30,547
)
 
(26,385
)
 
(25,691
)
 
(6,478
)
 
(3,246
)
 
(1,931
)
Balances at end of year
703,563

 
614,463

 
634,725

 
133,013

 
118,060

 
65,748

Excess (deficient) plan assets over
projected benefit obligations
$
236,736

 
$
204,434

 
$
244,468

 
$
(35,745
)
 
$
(23,405
)
 
$
(20,188
)
Assets and liabilities recognized in the
Consolidated Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Deferred pension assets
$
245,588

 
$
218,676

 
$
244,468

 
$
4,323

 
$
9,674

 
$
3,865

Other accruals
 
 
 
 
 
 
(869
)
 
(829
)
 
(272
)
Other long-term liabilities
(8,852
)
 
(14,242
)
 


 
(39,199
)
 
(32,250
)
 
(23,781
)
 
$
236,736

 
$
204,434

 
$
244,468

 
$
(35,745
)
 
$
(23,405
)
 
$
(20,188
)
Amounts recognized in Cumulative other
comprehensive loss:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses
$
(163,088
)
 
$
(211,752
)
 
$
(179,871
)
 
$
(41,567
)
 
$
(26,994
)
 
$
(11,930
)
Prior service costs
(6,110
)
 
(5,206
)
 
(5,647
)
 
 
 
 
 


 
$
(169,198
)
 
$
(216,958
)
 
$
(185,518
)
 
$
(41,567
)
 
$
(26,994
)
 
$
(11,930
)
Weighted-average assumptions used to
determine projected benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.73
%
 
4.40
%
 
4.97
%
 
4.58
%
 
4.94
%
 
5.45
%
Rate of compensation increase
4.00
%
 
4.00
%
 
4.00
%
 
4.08
%
 
4.05
%
 
4.06
%
Weighted-average assumptions used to
determine net pension costs:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.40
%
 
4.97
%
 
5.50
%
 
4.94
%
 
5.48
%
 
5.57
%
Expected long-term rate of
return on assets
7.50
%
 
7.50
%
 
7.50
%
 
6.04
%
 
6.12
%
 
5.46
%
Rate of compensation increase
4.00
%
 
4.00
%
 
4.00
%
 
4.04
%
 
4.06
%
 
3.74
%
Obligation and the assumptions used for postretirement benefits other than pensions
The following table summarizes the obligation and the assumptions used for postretirement benefits other than pensions:
 
Postretirement Benefits Other than Pensions
 
2012
 
2011
 
2010
Benefit obligation:
 
 
 
 
 
Balance at beginning of year - unfunded
$
316,795

 
$
315,572

 
$
300,526

Service cost
2,943

 
3,495

 
3,532

Interest cost
13,520

 
15,580

 
16,066

Actuarial loss (gain)
18,961

 
(3,965
)
 
11,067

Benefits paid
(14,085
)
 
(13,887
)
 
(15,619
)
Balance at end of year - unfunded
$
338,134

 
$
316,795

 
$
315,572

Liabilities recognized in the Consolidated Balance Sheets:
 
 
 
 
 
Postretirement benefits other than pensions
$
(320,223
)
 
$
(297,528
)
 
$
(295,896
)
Other accruals
(17,911
)
 
(19,267
)
 
(19,676
)
 
$
(338,134
)
 
$
(316,795
)
 
$
(315,572
)
Amounts recognized in Cumulative other comprehensive loss:
 
 
 
 
 
Net actuarial losses
$
(62,814
)
 
$
(45,567
)
 
$
(52,037
)
Prior service costs
328

 
983

 
1,640

 
$
(62,486
)
 
$
(44,584
)
 
$
(50,397
)
Weighted-average assumptions used to determine benefit obligation:
 
 
 
 
 
Discount rate
3.70
%
 
4.40
%
 
5.10
%
Health care cost trend rate - pre-65
8.00
%
 
8.00
%
 
7.50
%
Health care cost trend rate - post-65
8.00
%
 
8.00
%
 
7.50
%
Prescription drug cost increases
8.00
%
 
8.00
%
 
8.00
%
Weighted-average assumptions used to determine net periodic benefit cost:
 
 
 
 
 
Discount rate
4.40
%
 
5.10
%
 
5.50
%
Health care cost trend rate - pre-65
8.00
%
 
7.50
%
 
8.00
%
Health care cost trend rate - post-65
8.00
%
 
7.50
%
 
8.00
%
Prescription drug cost increases
8.00
%
 
8.00
%
 
9.00
%
Components of the net periodic benefit cost and cumulative other comprehensive loss related to postretirement benefits other than pensions
The following table summarizes the components of the net periodic benefit cost and cumulative other comprehensive loss related to postretirement benefits other than pensions:
 
Postretirement Benefits Other than Pensions
 
2012
 
2011
 
2010
Net periodic benefit cost:
 
 
 
 
 
Service cost
$
2,943

 
$
3,495

 
$
3,532

Interest cost
13,520

 
15,580

 
16,066

Amortization of actuarial losses
1,715

 
2,505

 
1,304

Amortization of prior service credit
(656
)
 
(657
)
 
(656
)
Net periodic benefit cost
17,522

 
20,923

 
20,246

Other changes in projected benefit obligation recognized in
Cumulative other comprehensive loss (before taxes):
 
 
 
 
 
Net actuarial loss (gain)
18,961

 
(3,965
)
 
11,067

Amortization of actuarial losses
(1,715
)
 
(2,505
)
 
(1,304
)
Amortization of prior service credit
656

 
657

 
656

Total recognized in Cumulative other comprehensive loss
17,902

 
(5,813
)
 
10,419

Total recognized in net periodic benefit cost and
Cumulative other comprehensive loss
$
35,424

 
$
15,110

 
$
30,665
Significant effect on amounts reported for service and interest rate component and postretirement health care benefit obligation
A one-percentage-point change in assumed health care and prescription drug cost trend rates would have had the following effects at December 31, 2012:
 
One-Percentage-Point
 
Increase
 
(Decrease)
Effect on total of service and interest cost components
$
117

 
$
(124
)
Effect on the postretirement benefit obligation
$
2,938

 
$
(3,039
)
Retiree health care benefit cash payments
The Company expects to make retiree health care benefit cash payments and to receive Medicare Part D prescription cash reimbursements as follows:
 
Retiree Health
Care Benefits
 
Medicare Prescription
Reimbursement
 
Expected Cash
Payments - Net
2013
$
20,087

 
$
(2,176
)
 
$
17,911

2014
21,324

 
(2,357
)
 
18,967

2015
22,305

 
(2,531
)
 
19,774

2016
23,011

 
(2,698
)
 
20,313

2017
23,357

 
(680
)
 
22,677

2018 through 2022
114,784

 
(2,187
)
 
112,597

Total expected benefit cash payments
$
224,868

 
$
(12,629
)
 
$
212,239