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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated other comprehensive loss |  | $ (296,267) |  |  |  | $ (288,622) |  |  |  | $ (296,267) | $ (288,622) | $ (151,941)
Other comprehensive income (loss) before reclassification |  |  |  |  |  |  |  |  |  | (106,972) | (148,626) |
Amounts reclassified from AOCI |  |  |  |  |  |  |  |  |  | 99,327 | 11,945 |
Net current-period other comprehensive income (loss) |  |  |  |  |  |  |  |  |  | (7,645) | (136,681) |
Net sales |  | 567,985 | $ 645,166 | $ 664,740 | $ 657,900 | 683,954 | $ 715,777 | $ 728,531 | $ 685,062 | 2,535,791 | 2,813,324 | 2,852,671
Income taxes |  |  |  |  |  |  |  |  |  | 42,375 | 121,933 | 124,754
Cost of goods sold |  |  |  |  |  |  |  |  |  | 1,694,647 | 1,864,027 | 1,910,017
Selling, general & administrative expenses |  |  |  |  |  |  |  |  |  | 496,748 | 545,497 | 527,206
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated other comprehensive loss |  | 548 |  |  |  | (9) |  |  |  | 548 | (9) | 369
Other comprehensive income (loss) before reclassification |  |  |  |  |  |  |  |  |  | 979 | (720) |
Amounts reclassified from AOCI | [1] |  |  |  |  |  |  |  |  | (422) | 342 |
Net current-period other comprehensive income (loss) |  |  |  |  |  |  |  |  |  | 557 | (378) |
Accumulated Defined Benefit Plans Adjustment [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated other comprehensive loss |  | (99,776) |  |  |  | (197,893) |  |  |  | (99,776) | (197,893) | (160,693)
Other comprehensive income (loss) before reclassification | [2] |  |  |  |  |  |  |  |  | (1,632) | (48,803) |
Amounts reclassified from AOCI | [2] |  |  |  |  |  |  |  |  | 99,749 | 11,603 |
Net current-period other comprehensive income (loss) |  |  |  |  |  |  |  |  |  | 98,117 | (37,200) |
Accumulated Translation Adjustment [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated other comprehensive loss |  | $ (197,039) |  |  |  | $ (90,720) |  |  |  | (197,039) | (90,720) | $ 8,383
Other comprehensive income (loss) before reclassification | [3] |  |  |  |  |  |  |  |  | (106,319) | (99,103) |
Amounts reclassified from AOCI | [3] |  |  |  |  |  |  |  |  | 0 | 0 |
Net current-period other comprehensive income (loss) |  |  |  |  |  |  |  |  |  | (106,319) | (99,103) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Income taxes |  |  |  |  |  |  |  |  |  | 61,538 | (20,951) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Translation Adjustment [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest |  |  |  |  |  |  |  |  |  | (623) | 734 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Sales | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  | (1,191) | (80) |
Income taxes |  |  |  |  |  |  |  |  |  | (547) | (65) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Cost of goods sold | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |  |  |  |  |  |  |  |  |  |  |  |
Accumulated Other Comprehensive Loss Income [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Income taxes |  |  |  |  |  |  |  |  |  | 549 | 205 |
Cost of goods sold |  |  |  |  |  |  |  |  |  | $ 771 | $ 422 |
[1] | During 2015, this AOCI reclassification is a component of Net sales of $(1,191) (net of tax of $(547)) and Cost of goods sold of $771 (net of tax of $549); during 2014, the reclassification is a component of Net sales of $(80) (net of tax of $(65)), Cost of goods sold of $422 (net of tax of $205). (See Note 13 - Derivatives for additional details.)
[2] | This AOCI component is included in the computation of net periodic pension costs (net of tax of $61,538 and $(20,951) during the years ended December 31, 2015 and 2014, respectively). (See Note 11 - Retirement and Postretirement Benefit Plans for additional details.)
[3] | The Other comprehensive income before reclassifications excludes $(623) and $734 attributable to Non-controlling interests in the years ended December 31, 2015 and 2014, respectively. The reclassified AOCI component is included in the computation of Non-controlling interests. (See Consolidated Statements of Equity for additional details.)

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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 + Details
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