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Other Comprehensive Income (Notes)
 6 Months Ended
Jun. 30, 2017
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
ACCUMULATED OTHER COMPREHENSIVE INCOME
The following table presents changes in accumulated other comprehensive income by component for the six months ended June 30, 2017 and 2016:
 
Currency Translation Adjustment, Net of Tax
 
Net Unrealized
Gain (Loss) on
Cash Flow Hedging Arrangements,
Net of Tax
 
Pension and Post-Retirement Benefit Related Items,
Net of Tax
 
Total
Balance at December 31, 2016
$
(115,322
)
 
$
(2,232
)
 
$
(237,444
)
 
$
(354,998
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive income (loss), net of tax
—

 
(2,016
)
 
—

 
(2,016
)
Foreign currency translation adjustment
61,299

 
—

 
(11,960
)
 
49,339

Amounts recognized from accumulated other comprehensive income (loss), net of tax
—

 
1,824

 
7,465

 
9,289

Net change in other comprehensive income (loss), net of tax
61,299

 
(192
)
 
(4,495
)
 
56,612

Balance at June 30, 2017
$
(54,023
)
 
$
(2,424
)
 
$
(241,939
)
 
$
(298,386
)

 
Currency Translation Adjustment, Net of Tax
 
Net Unrealized
Gain (Loss) on
Cash Flow Hedging Arrangements,
Net of Tax
 
Pension and Post-Retirement Benefit Related Items,
Net of Tax
 
Total
Balance at December 31, 2015
$
(57,394
)
 
$
3,016

 
$
(212,271
)
 
$
(266,649
)
Other comprehensive income (loss), net of tax:

 

 

 

Unrealized gains (losses) on cash flow hedging arrangements
—

 
(3,692
)
 
(4,546
)
 
(8,238
)
Foreign currency translation adjustment
(15,350
)
 
(556
)
 
(810
)
 
(16,716
)
Amounts recognized from accumulated other comprehensive income (loss), net of tax
—

 
(2,007
)
 
10,835

 
8,828

Net change in other comprehensive income (loss), net of tax
(15,350
)
 
(6,255
)
 
5,479

 
(16,126
)
Balance at June 30, 2016
$
(72,744
)
 
$
(3,239
)
 
$
(206,792
)
 
$
(282,775
)

The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and six month periods ended June 30:
 
 
Three months ended June 30,
 
 
 
 
2017
 
2016
 
Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
 
 
 
 
 
 
Interest rate swap agreements
 
$
505

 
$
262

 
Interest expense
Cross currency swap agreement
 
1,412

 
—

 
(a)
Foreign currency forward contracts
 
—

 
(1,498
)
 
Cost of sales - products
Total before taxes
 
1,917

 
(1,236
)
 
 
Provision for taxes
 
305

 
(206
)
 
Provision for taxes
Total, net of taxes
 
$
1,612

 
$
(1,030
)
 
 
 
 
 
 
 
 
 
Recognition of defined benefit pension and post-retirement items:
 
 
 
 
 
 
Recognition of actuarial losses, settlement loss and prior service cost, before taxes
 
$
5,054

 
$
12,008

 
(b)
Provision for taxes
 
1,301

 
4,110

 
Provision for taxes
Total, net of taxes
 
$
3,753

 
$
7,898

 
 

(a) The cross currency swap reflects an unrealized loss of $1.5 million recorded in other charges (income) that was offset by the underlying unrealized gain on the hedged debt. The cross currency swap also reflects a realized gain of $0.1 million recorded in interest expense.
(b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three and six months ended June 30, 2017 and 2016.
 
 
Six months ended June 30,
 
 
 
 
2017
 
2016
 
Location of Amounts Recognized in Earnings
Effective portion of (gains) / losses on cash flow hedging arrangements:
 
 
 
 
 
 
Interest rate swap agreements
 
$
849

 
$
526

 
Interest expense
Cross currency swap agreement
 
1,412

 
—

 
(a)
Foreign currency forward contracts
 
—

 
(2,931
)
 
Cost of sales - products
Total before taxes
 
2,261

 
(2,405
)
 
 
Provision for taxes
 
437

 
(398
)
 
Provision for taxes
Total, net of taxes
 
$
1,824

 
$
(2,007
)
 
 
 
 
 
 
 
 
 
Recognition of defined benefit pension and post-retirement items:
 
 
 
 
 
 
Recognition of actuarial losses, settlement loss and prior service cost, before taxes
 
$
10,093

 
$
15,968

 
(b)
Provision for taxes
 
2,628

 
5,133

 
Provision for taxes
Total, net of taxes
 
$
7,465

 
$
10,835

 
 
(a) The cross currency swap reflects an unrealized loss of $1.5 million recorded in other charges (income) that was offset by the underlying unrealized gain on the hedged debt. The cross currency swap also reflects a realized gain of $0.1 million recorded in interest expense.
(b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three and six months ended June 30, 2017 and 2016.

Comprehensive income (loss), net of tax consisted of the following as of June 30:
 
Three Months Ended
 
Six Months Ended
 
2017
 
2016
 
2017
 
2016
Net earnings
$
101,580

 
$
79,588

 
$
194,046

 
$
145,262

Other comprehensive income (loss), net of tax
32,734

 
(22,958
)
 
56,612

 
(16,126
)
Comprehensive income, net of tax
$
134,314

 
$
56,630

 
$
250,658

 
$
129,136