XML 53 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 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

     —         —         8,455       8,455  

Amounts reclassified from AOCI

     1,729        10        8,534        10,273   
 

 

 

    

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income

     1,729        10        16,989        18,728   
 

 

 

    

 

 

    

 

 

    

 

 

  

Balance at June 30, 2013

   $ (29,922 )    $ (382 )    $ (65,010 )    $ (95,314 ) 
 

 

 

    

 

 

    

 

 

    

 

 

  

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- and six-month periods ended June 30, 2013:

 

     Amounts
Reclassified from AOCI		      

Details about AOCI Components (In thousands)

    Three Months
Ended
June 30, 2013		     Six Months
Ended
June 30, 2013		     Affected Line Item in the Statement Where
Net Income is  Presented

Unrealized loss on treasury locks, net

    $ (1,414 )    $ (2,827 )    See (1) below
     549        1,098      Tax benefit
  

 

 

    

 

 

    
   $ (865 )    $ (1,729 )    Net of tax
  

 

 

    

 

 

    

Unrealized loss on foreign exchange contracts

    $ (9 )    $ (17 )    See (2) below
     4        7      Tax benefit
  

 

 

    

 

 

    
   $ (5 )    $ (10 )    Net of tax
  

 

 

    

 

 

    

Unfunded employee benefit obligations

       

Amortization of prior service costs

    $ (1,454 )    $ (2,908 )    See (3) below

Curtailment loss

      (7,776 )      (7,776 )    See (3) below

Amortization of actuarial gains / (losses)

      (1,636 )      (3,271 )    See (3) below
  

 

 

    

 

 

    
     (10,866 )      (13,955 )    Total before tax
     4,221        5,421      Tax benefit
  

 

 

    

 

 

    
   $ (6,645 )    $ (8,534 )    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.
(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.