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Pension, Health Care and Postretirement Benefits Other Than Pensions (Tables)
 12 Months Ended
Dec. 31, 2013
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 comprehensive loss related to the defined benefit pension plans:
 
Domestic
Defined Benefit Pension Plans
 
Foreign
Defined Benefit Pension Plans
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Net pension costs:
 
 
 
 
 
 
 
 
 
 
 
Service costs
$
23,176

 
$
19,061

 
$
17,933

 
$
5,039

 
$
3,654

 
$
3,055

Interest costs
18,444

 
17,442

 
18,602

 
7,940

 
6,927

 
5,954

Expected returns on plan assets
(42,937
)
 
(44,841
)
 
(46,441
)
 
(7,487
)
 
(6,799
)
 
(5,535
)
Amortization of prior service costs
1,823

 
1,591

 
1,635

 
 
 
 
 
 
Amortization of actuarial losses
13,147

 
22,205

 
16,865

 
1,716

 
1,022

 
493

Ongoing pension costs
13,653

 
15,458

 
8,594

 
7,208

 
4,804

 
3,967

Settlement costs (credits)
 
 
 
 
 
 
(220
)
 
47

 
(235
)
Net pension costs
13,653

 
15,458

 
8,594

 
6,988

 
4,851

 
3,732

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
(90,669
)
 
(26,459
)
 
48,745

 
(5,487
)
 
14,131

 
15,944

Prior service costs during the year
1,756

 
2,495

 
1,195

 
 
 
 
 
 
Amortization of prior service costs
(1,823
)
 
(1,591
)
 
(1,635
)
 
 
 
 
 
 
Amortization of actuarial losses
(13,147
)
 
(22,205
)
 
(16,865
)
 
(1,716
)
 
(1,022
)
 
(493
)
Exchange rate gain (loss) recognized during year
 
 
 
 
 
 
819

 
1,464

 
(387
)
Total recognized in Cumulative other
comprehensive loss
(103,883
)
 
(47,760
)
 
31,440

 
(6,384
)
 
14,573

 
15,064

Total recognized in net pension costs
and Cumulative other comprehensive loss
$
(90,230
)
 
$
(32,302
)
 
$
40,034

 
$
604

 
$
19,424

 
$
18,796
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, 2013, 2012 and 2011:
 
Fair Value at
December 31,
2013
 
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)
$
15,055

 
$
1,941

 
$
13,114

 
 
Equity investments (b)
736,873

 
419,779

 
317,094

 
 
Fixed income investments (c)
255,927

 
125,377

 
130,550

 
 
Other assets (d)
47,494

 
 
 
29,553

 
$
17,941

 
$
1,055,349

 
$
547,097

 
$
490,311

 
$
17,941

 
 
 
 
 
 
 
 
 
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


(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, 2013, 2012 and 2011: 
 
Balance at
December 31,
2012
 
Dispositions
 
Realized and Unrealized Gains
 
Balance at
December 31,
2013
Other assets
$
18,850

 
$
(4,068
)
 
$
3,159

 
$
17,941

 
 
 
 
 
 
 
 
 
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
January 1, 
2011
 
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
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
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Accumulated benefit obligations
at end of year
$
577,736

 
$
460,591

 
$
415,163

 
$
187,670

 
$
142,769

 
$
121,137

Projected benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
Balances at beginning of year
$
466,827

 
$
410,029

 
$
390,257

 
$
168,758

 
$
141,465

 
$
85,936

Service costs
23,176

 
19,061

 
17,933

 
5,039

 
3,654

 
3,055

Interest costs
18,444

 
17,442

 
18,602

 
7,940

 
6,927

 
5,954

Actuarial (gains) losses
(5,488
)
 
48,346

 
8,428

 
5,939

 
17,532

 
11,395

Acquisitions of businesses and other
113,174

 
2,496

 
1,194

 
39,622

 
(975
)
 
42,131

Effect of foreign exchange
 
 
 
 
 
 
1,549

 
6,633

 
(3,760
)
Benefits paid
(34,097
)
 
(30,547
)
 
(26,385
)
 
(5,851
)
 
(6,478
)
 
(3,246
)
Balances at end of year
582,036

 
466,827

 
410,029

 
222,996

 
168,758

 
141,465

Plan assets:
 
 
 
 
 
 
 
 
 
 
 
Balances at beginning of year
703,563

 
614,463

 
634,725

 
133,013

 
118,060

 
65,748

Actual returns on plan assets
128,117

 
119,647

 
6,123

 
20,316

 
10,201

 
987

Acquisitions of businesses and other
72,803

 
 
 
 
 
36,106

 
6,205

 
57,761

Effect of foreign exchange
 
 
 
 
 
 
1,379

 
5,025

 
(3,190
)
Benefits paid
(34,097
)
 
(30,547
)
 
(26,385
)
 
(5,851
)
 
(6,478
)
 
(3,246
)
Balances at end of year
870,386

 
703,563

 
614,463

 
184,963

 
133,013

 
118,060

Excess (deficient) plan assets over
projected benefit obligations
$
288,350

 
$
236,736

 
$
204,434

 
$
(38,033
)
 
$
(35,745
)
 
$
(23,405
)
Assets and liabilities recognized in the
Consolidated Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Deferred pension assets
$
288,350

 
$
245,588

 
$
218,676

 
$
14,096

 
$
4,323

 
$
9,674

Other accruals
 
 
 
 
 
 
(1,126
)
 
(869
)
 
(829
)
Other long-term liabilities
 
 
(8,852
)
 
(14,242
)
 
(51,003
)
 
(39,199
)
 
(32,250
)
 
$
288,350

 
$
236,736

 
$
204,434

 
$
(38,033
)
 
$
(35,745
)
 
$
(23,405
)
Amounts recognized in Cumulative other
comprehensive loss:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses
$
(59,272
)
 
$
(163,088
)
 
$
(211,752
)
 
$
(35,183
)
 
$
(41,567
)
 
$
(26,994
)
Prior service costs
(6,043
)
 
(6,110
)
 
(5,206
)
 
 
 
 
 
 
 
$
(65,315
)
 
$
(169,198
)
 
$
(216,958
)
 
$
(35,183
)
 
$
(41,567
)
 
$
(26,994
)
Weighted-average assumptions used to
determine projected benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.65
%
 
3.73
%
 
4.40
%
 
4.89
%
 
4.58
%
 
4.94
%
Rate of compensation increase
4.00
%
 
4.00
%
 
4.00
%
 
4.31
%
 
4.08
%
 
4.05
%
Weighted-average assumptions used to
determine net pension costs:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.73
%
 
4.40
%
 
4.97
%
 
4.58
%
 
4.94
%
 
5.48
%
Expected long-term rate of
return on assets
6.00
%
 
7.50
%
 
7.50
%
 
5.67
%
 
6.04
%
 
6.12
%
Rate of compensation increase
4.00
%
 
4.00
%
 
4.00
%
 
4.08
%
 
4.04
%
 
4.06
%
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
 
2013
 
2012
 
2011
Benefit obligation:
 
 
 
 
 
Balance at beginning of year - unfunded
$
338,134

 
$
316,795

 
$
315,572

Service cost
3,061

 
2,943

 
3,495

Interest cost
12,183

 
13,520

 
15,580

Actuarial (gain) loss
(53,096
)
 
18,961

 
(3,965
)
Benefits paid
(13,631
)
 
(14,085
)
 
(13,887
)
Balance at end of year - unfunded
$
286,651

 
$
338,134

 
$
316,795

Liabilities recognized in the Consolidated Balance Sheets:
 
 
 
 
 
Postretirement benefits other than pensions
$
(268,874
)
 
$
(320,223
)
 
$
(297,528
)
Other accruals
(17,777
)
 
(17,911
)
 
(19,267
)
 
$
(286,651
)
 
$
(338,134
)
 
$
(316,795
)
Amounts recognized in Cumulative other comprehensive loss:
 
 
 
 
 
Net actuarial losses
$
(8,287
)
 
$
(62,814
)
 
$
(45,567
)
Prior service costs
2,503

 
328

 
983

 
$
(5,784
)
 
$
(62,486
)
 
$
(44,584
)
Weighted-average assumptions used to determine benefit obligation:
 
 
 
 
 
Discount rate
4.60
%
 
3.70
%
 
4.40
%
Health care cost trend rate - pre-65
7.50
%
 
8.00
%
 
8.00
%
Health care cost trend rate - post-65
6.50
%
 
8.00
%
 
8.00
%
Prescription drug cost increases
7.00
%
 
8.00
%
 
8.00
%
Weighted-average assumptions used to determine net periodic benefit cost:
 
 
 
 
 
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
%
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
 
2013
 
2012
 
2011
Net periodic benefit cost:
 
 
 
 
 
Service cost
$
3,061

 
$
2,943

 
$
3,495

Interest cost
12,183

 
13,520

 
15,580

Amortization of actuarial losses
3,934

 
1,715

 
2,505

Amortization of prior service credit
(328
)
 
(656
)
 
(657
)
Net periodic benefit cost
18,850

 
17,522

 
20,923

Other changes in projected benefit obligation recognized in
Cumulative other comprehensive loss (before taxes):
 
 
 
 
 
Net actuarial (gain) loss
(53,096
)
 
18,961

 
(3,965
)
Amortization of actuarial losses
(3,934
)
 
(1,715
)
 
(2,505
)
Amortization of prior service credit
328

 
656

 
657

Total recognized in Cumulative other comprehensive loss
(56,702
)
 
17,902

 
(5,813
)
Total recognized in net periodic benefit cost and
Cumulative other comprehensive loss
$
(37,852
)
 
$
35,424

 
$
15,110
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, 2013:
 
One-Percentage-Point
 
Increase
 
(Decrease)
Effect on total of service and interest cost components
$
148

 
$
(158
)
Effect on the postretirement benefit obligation
$
2,953

 
$
(3,120
)
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
2014
$
19,119

 
$
(1,342
)
 
$
17,777

2015
20,395

 
(1,511
)
 
18,884

2016
21,396

 
(1,680
)
 
19,716

2017
22,260

 
 
 
22,260

2018
22,606

 
 
 
22,606

2019 through 2023
109,636

 
 
 
109,636

Total expected benefit cash payments
$
215,412

 
$
(4,533
)
 
$
210,879