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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Income

4. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (“AOCI”) by component follows:

 

(In thousands)    Unrealized Loss
on Treasury
Locks, Net		     Unrealized Loss
on Foreign
Exchange
Contracts		     Unfunded
Employee
Benefit
Obligations		     Total  

Balance at December 31, 2012

    $ (31,651 )    $ (392 )    $ (81,999 )    $ (114,042 ) 

Other comprehensive income before reclassifications

      —           —           —           —      

Amounts reclassified from AOCI

      864        5        1,889        2,758   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net current-period other comprehensive income

      864        5        1,889        2,758   
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2013

    $ (30,787 )    $ (387 )    $ (80,110 )    $ (111,284 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The above amounts are shown net of tax. Amounts in parentheses indicate debits.

The following table presents information about reclassification adjustments out of AOCI for the three months ended March 31, 2013:

 

Details about AOCI Components (In thousands)

    Amounts
Reclassified
from AOCI		    

Affected Line Item in the Statement Where
Net Income is Presented

Unrealized loss on treasury locks, net

    $ (1,413 )    See (1) below
     549      Tax benefit
  

 

 

    
   $ (864 )    Net of tax
  

 

 

    

Unrealized loss on foreign exchange contracts

    $ (9 )    See (2) below
     4      Tax benefit
  

 

 

    
   $ (5 )    Net of tax
  

 

 

    

Unfunded employee benefit obligations

     

Amortization of prior service costs

    $ (1,454 )    See (3) below

Amortization of actuarial gains / (losses)

      (1,636 )    See (3) below
  

 

 

    
     (3,090 )    Total before tax
     1,201      Tax benefit
  

 

 

    
   $ (1,889 )    Net of tax
  

 

 

    

 

(1) This AOCI component is included in interest expense, net. See Note 10 for additional information.
(2) This AOCI component is included as depreciation in cost of sales. See Note 10 for additional information.
(3) These AOCI components are included in the computation of net pension and postretirement costs. See Note 8 for additional information.

Amounts in parentheses shown above indicate expenses in the statement of income.