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Changes in Cumulative Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
CHANGES IN CUMULATIVE OTHER COMPREHENSIVE LOSS
CHANGES IN CUMULATIVE OTHER COMPREHENSIVE LOSS
The following tables summarize the changes in Cumulative other comprehensive loss for the nine months ended September 30, 2016 and 2015:
 
 
 
 
 
 
 
 
 
 
(Thousands of dollars)
Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefit Adjustments
 
Unrealized Net (Losses) Gains on Available-for-Sale Securities
 
Unrealized Net Losses on Cash Flow Hedges
 
Total Cumulative Other Comprehensive (Loss) Income
Balance at December 31, 2015
$
(482,629
)
 
$
(104,346
)
 
$
(120
)
 
 
 
$
(587,095
)
Amounts recognized in Other comprehensive loss (1)
24,702

 
 
 
822

 
$
(97,223
)
 
(71,699
)
Amounts reclassified from Other comprehensive loss (2)


 
474

 
99

 
 
 
573

Net change
24,702

 
474

 
921

 
(97,223
)
 
(71,126
)
Balance at September 30, 2016
$
(457,927
)
 
$
(103,872
)
 
$
801

 
$
(97,223
)
 
$
(658,221
)

(1) Net of taxes of $(509) for unrealized net gains on available-for-sale securities and $60,093 for unrealized net losses on cash flow hedges.

(2) Net of taxes of $10 for pension and other postretirement benefit adjustments and $(61) for realized losses on the sale of available-for-sale securities.

 
 
 
 
 
 
 
 
(Thousands of dollars)
Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefit Adjustments
 
Unrealized Net (Losses) Gains on Available-for-Sale Securities
 
Total Cumulative Other Comprehensive (Loss) Income
Balance at December 31, 2014
$
(354,384
)
 
$
(118,167
)
 
$
593

 
$
(471,958
)
Amounts recognized in Other comprehensive loss (3)
(98,120
)
 
 
 
(1,557
)
 
(99,677
)
Amounts reclassified from Other comprehensive loss (4)
 
 
1,734

 
484

 
2,218

Net change
(98,120
)
 
1,734

 
(1,073
)
 
(97,459
)
Balance at September 30, 2015
$
(452,504
)
 
$
(116,433
)
 
$
(480
)
 
$
(569,417
)


(3) Net of taxes of $966 for unrealized net losses on available-for-sale securities.
(4) Net of taxes of $(593) for pension and other postretirement benefit adjustments and $(303) for realized losses on the sale of available-for-sale securities.