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Accumulated Other Comprehensive (Loss) Income
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income:
The components and activity in Accumulated other comprehensive (loss) income (net of deferred income taxes) consisted of the following during the years ended December 31, 2015, 2014 and 2013 (in thousands):
 
Foreign
Currency Translation(a)
 
Pension and Post-Retirement Benefits(b)
 
Net Investment Hedge
 
Interest Rate Swap(c)
 
Other
 
Total
Accumulated other comprehensive income (loss) - balance at December 31, 2012
$
85,117

 
$
989

 
$
—

 
$
—

 
$
(842
)
 
$
85,264

Other comprehensive income (loss) before reclassifications
31,704

 
—

 
—

 
—

 
(2
)
 
31,702

Amounts reclassified from accumulated other comprehensive (loss) income
—

 
(502
)
 
—

 
—

 
137

 
(365
)
Other comprehensive income (loss), net of tax
31,704

 
(502
)
 
—

 
—

 
135

 
31,337

Other comprehensive income attributable to noncontrolling interests
(356
)
 
—

 
—

 
—

 
—

 
(356
)
Accumulated other comprehensive income (loss) - balance at December 31, 2013
$
116,465

 
$
487

 
$
—

 
$
—

 
$
(707
)
 
$
116,245

Other comprehensive (loss) income before reclassifications
(151,059
)
 
—

 
11,384

 
(21,174
)
 
—

 
(160,849
)
Amounts reclassified from accumulated other comprehensive (loss) income
(17,750
)
 
(487
)
 
—

 
212

 
136

 
(17,889
)
Other comprehensive (loss) income, net of tax
(168,809
)
 
(487
)
 
11,384

 
(20,962
)
 
136

 
(178,738
)
Other comprehensive loss attributable to noncontrolling interests
80

 
—

 
—

 
—

 
—

 
80

Accumulated other comprehensive (loss) income - balance at December 31, 2014
$
(52,264
)
 
$
—

 
$
11,384

 
$
(20,962
)
 
$
(571
)
 
$
(62,413
)
Other comprehensive (loss) income before reclassifications
(412,999
)
 
(774
)
 
50,861

 
—

 
2

 
(362,910
)
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
16

 
—

 
2,101

 
27

 
2,144

Other comprehensive (loss) income, net of tax
(412,999
)
 
(758
)
 
50,861

 
2,101

 
29

 
(360,766
)
Other comprehensive loss attributable to noncontrolling interests
1,891

 
—

 
—

 
—

 
—

 
1,891

Accumulated other comprehensive (loss) income - balance at December 31, 2015
$
(463,372
)
 
$
(758
)
 
$
62,245

 
$
(18,861
)
 
$
(542
)
 
$
(421,288
)

(a)
Amounts reclassified from accumulated other comprehensive (loss) income for the year ended December 31, 2014 are included in (Loss) income from discontinued operations (net of tax) for the year ended December 31, 2014 and resulted from the release of cumulative foreign currency translation adjustments into earnings upon the sale of our antioxidant, ibuprofen and propofol businesses and assets which closed on September 1, 2014. See Note 3, “Divestitures.”
(b)
The pre-tax portion of amounts reclassified from accumulated other comprehensive (loss) income consists of amortization of prior service benefit, which is a component of pension and postretirement benefits cost (credit). See Note 15, “Pension Plans and Other Postretirement Benefits.”
(c)
The pre-tax portion of amounts reclassified from accumulated other comprehensive (loss) income is included in interest expense.
The amount of income tax (expense) benefit allocated to each component of Other comprehensive (loss) income for the years ended December 31, 2015, 2014 and 2013 is provided in the following tables (in thousands):
 
Foreign Currency Translation
 
Pension and Postretirement Benefits
 
Net Investment Hedge(a)
 
Interest Rate Swap(b)
 
Other
2015
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income, before tax
$
(451,781
)
 
$
(751
)
 
$
80,746

 
$
3,336

 
$
19

Income tax benefit (expense)
38,782

 
(7
)
 
(29,885
)
 
(1,235
)
 
10

Other comprehensive (loss) income, net of tax
$
(412,999
)
 
$
(758
)
 
$
50,861

 
$
2,101

 
$
29

 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income, before tax
$
(163,536
)
 
$
(772
)
 
$
17,971

 
$
(33,091
)
 
$
217

Income tax (expense) benefit
(5,273
)
 
285

 
(6,587
)
 
12,129

 
(81
)
Other comprehensive (loss) income, net of tax
$
(168,809
)
 
$
(487
)
 
$
11,384

 
$
(20,962
)
 
$
136

 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss), before tax
$
29,895

 
$
(781
)
 
$
—

 
$
—

 
$
214

Income tax benefit (expense)
1,809

 
279

 
—

 
—

 
(79
)
Other comprehensive income (loss), net of tax
$
31,704

 
$
(502
)
 
$
—

 
$
—

 
$
135

(a)
Other comprehensive income, before tax, for the year ended December 31, 2014 includes $12.8 million related to the revaluation of our euro-denominated senior notes and a $5.2 million gain on the settlement of related foreign currency forward contracts, both of which were designated as a hedge of our net investment in foreign operations. See Note 14, “Long-Term Debt” for additional information about these transactions.
(b)
Other comprehensive (loss), before tax, for the year ended December 31, 2014 includes a realized loss of ($33.4) million on the settlement of our forward starting interest rate swap which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 14, “Long-Term Debt” for additional information about this interest rate swap.