XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive (Loss) Income
3 Months Ended
Mar. 31, 2017
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 periods indicated below (in thousands):
 
Foreign Currency Translation
 
Pension and Postretirement Benefits(a)
 
Net Investment Hedge
 
Interest Rate Swap(b)
 
Total
Three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
$
(484,121
)
 
$
76

 
$
88,378

 
$
(16,745
)
 
$
(412,412
)
Other comprehensive income (loss) before reclassifications
79,055

 

 
(13,685
)
 

 
65,370

Amounts reclassified from accumulated other comprehensive loss

 
(7
)
 

 
529

 
522

Other comprehensive income (loss), net of tax
79,055

 
(7
)
 
(13,685
)
 
529

 
65,892

Other comprehensive income attributable to noncontrolling interests
(461
)
 

 

 

 
(461
)
Balance at March 31, 2017
$
(405,527
)
 
$
69

 
$
74,693

 
$
(16,216
)
 
$
(346,981
)
Three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$
(463,914
)
 
$
(758
)
 
$
62,245

 
$
(18,861
)
 
$
(421,288
)
Other comprehensive income (loss) before reclassifications
98,906

 

 
(9,524
)
 

 
89,382

Amounts reclassified from accumulated other comprehensive loss

 
1

 

 
525

 
526

Other comprehensive income (loss), net of tax
98,906

 
1

 
(9,524
)
 
525

 
89,908

Other comprehensive income attributable to noncontrolling interests
(283
)
 

 

 

 
(283
)
Balance at March 31, 2016
$
(365,291
)
 
$
(757
)
 
$
52,721

 
$
(18,336
)
 
$
(331,663
)


(a)
The pre-tax portion of amounts reclassified from accumulated other comprehensive loss consists of amortization of prior service benefit, which is a component of pension and postretirement benefits cost (credit). See Note 13, “Pension Plans and Other Postretirement Benefits.”
(b)
The pre-tax portion of amounts reclassified from accumulated other comprehensive loss is included in interest expense.
The amount of income tax (expense) benefit allocated to each component of Other comprehensive income (loss) for the three-month periods ended March 31, 2017 and 2016 is provided in the following tables (in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
 
Foreign Currency Translation
 
Pension and Postretirement Benefits
 
Net Investment Hedge
 
Interest Rate Swap
 
Foreign Currency Translation
 
Pension and Postretirement Benefits
 
Net Investment Hedge
 
Interest Rate Swap
Other comprehensive income (loss), before tax
$
80,141

 
$
(6
)
 
$
(21,580
)
 
$
834

 
$
99,277

 
$
4

 
$
(15,121
)
 
$
834

Income tax (expense) benefit
(1,086
)
 
(1
)
 
7,895

 
(305
)
 
(371
)
 
(3
)
 
5,597

 
(309
)
Other comprehensive income (loss), net of tax
$
79,055

 
$
(7
)
 
$
(13,685
)
 
$
529

 
$
98,906

 
$
1

 
$
(9,524
)
 
$
525