XML 106 R102.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurement (Fair Value Of Financial Assets And Liabilities Accounted For On A Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Investments under executive deferred compensation plan $ 16,786 [1] $ 17,763 [1]  
Equity securities 17 [2] 29 [2]  
Foreign currency forward contracts, assets   540 [3]  
Pension assets 531,105 [4] 507,064 [4]  
Obligations under executive deferred compensation plan 16,786 [1] 17,763 [1]  
Foreign currency forward contracts, liabilities 869 [3] 5,413 [3]  
Quoted Prices In Active Markets For Identical Items (Level 1) [Member]
     
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Investments under executive deferred compensation plan 16,786 [1] 17,763 [1]  
Equity securities 17 [2] 29 [2]  
Pension assets 228,592 [4] 216,105 [4]  
Obligations under executive deferred compensation plan 16,786 [1] 17,763 [1]  
Quoted Prices In Active Markets For Similar Items (Level 2) [Member]
     
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Foreign currency forward contracts, assets   540 [3]  
Pension assets 229,488 [4] 221,560 [4]  
Foreign currency forward contracts, liabilities 869 [3] 5,413 [3]  
Unobservable inputs (Level 3) [Member]
     
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Pension assets 73,025 [4] 69,399 [4]  
Other Postretirement Benefits [Member]
     
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Pension assets 7,681 [4] 7,985 [4] 8,207
Other Postretirement Benefits [Member] | Quoted Prices In Active Markets For Similar Items (Level 2) [Member]
     
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Pension assets $ 7,681 [4] $ 7,985 [4]  
[1] We maintain an Executive Deferred Compensation Plan, or the Plan, that was adopted in 2001 and subsequently amended. The purpose of the Plan is to provide current tax planning opportunities as well as supplemental funds upon the retirement or death of certain of our employees. The Plan is intended to aid in attracting and retaining employees of exceptional ability by providing them with these benefits. We also maintain a Benefit Protection Trust, or the Trust, that was credited to provide a source of funds to assist in meeting the obligations of the Plan, subject to the claims of our creditors in the event of our insolvency. Assets of the Trust are consolidated in accordance with authoritative guidance. The assets of the Trust consist primarily of mutual fund investments (which are accounted for as trading securities and are marked-to-market on a monthly basis through the consolidated statements of income) and cash and cash equivalents. As such, these assets and obligations are classified within Level 1.
[2] Our investments in equity securities are classified as available-for-sale and are reported in Investments in the consolidated balance sheets. The changes in fair value are reported in Other within Comprehensive income (loss) in our statements of changes in equity. The securities are classified within Level 1.
[3] As a result of our global operating and financing activities, we are exposed to market risks from changes in interest and foreign currency exchange rates, which may adversely affect our operating results and financial position. When deemed appropriate, we minimize our risks from interest and foreign currency exchange rate fluctuations through the use of derivative financial instruments. The foreign currency forward contracts are valued using broker quotations or market transactions in either the listed or over-the counter markets. As such, these derivative instruments are classified within Level 2.
[4] See Note 17 "Pension Plans and Other Postretirement Benefits" for further discussion on fair value measurements of our pension and postretirement assets.