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Consolidated Statement of Changes In Equity - USD ($) $ in Thousands | Issued capital [member] | Legal reserves [member] | Share premium [member] | Currency translation adjustment [member] | Other reserves [member] | Retained earnings [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2014 | $ 1,180,537 | [1] | $ 118,054 | $ 609,733 | $ (658,284) | $ (317,799) | [2] | $ 11,721,873 |  | $ 12,654,114 | $ 152,200 | $ 12,806,314
Statement Line Items [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) for the year |  |  |  |  |  |  |  | (80,162) |  | (80,162) | 5,737 | (74,425)
Currency translation adjustment |  |  |  |  | (255,569) |  |  |  |  | (255,569) | (691) | (256,260)
Remeasurements of post employment benefit obligations, net of taxes |  |  |  |  |  | 10,213 | [2] |  |  | 10,213 | (274) | 9,939
Change in value of available for sale financial instruments and cash flow hedges net of tax |  |  |  |  |  | 12,484 | [2] |  |  | 12,484 | 417 | 12,901
Share of other comprehensive income of non-consolidated companies |  |  |  |  | (92,914) | (4,239) | [2] |  |  | (97,153) |  | (97,153)
Other comprehensive income for the year |  |  |  |  | (348,483) | 18,458 | [2] |  |  | (330,025) | (548) | (330,573)
Total comprehensive income (loss) for the year |  |  |  |  | (348,483) | 18,458 | [2] | (80,162) |  | (410,187) | 5,189 | (404,998)
Acquisition and other changes in non-controlling interests |  |  |  |  |  | 659 | [2] |  |  | 659 | (1,727) | (1,068)
Dividends paid in cash |  |  |  |  |  |  | [2] | (531,242) |  | (531,242) | (2,950) | (534,192)
Balance at Dec. 31, 2015 | 1,180,537 | [1] | 118,054 | 609,733 | (1,006,767) | (298,682) | [2] | 11,110,469 |  | 11,713,344 | 152,712 | 11,866,056
Statement Line Items [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) for the year |  |  |  |  |  |  |  | 55,298 |  | 55,298 | 3,441 | 58,739
Currency translation adjustment |  |  |  |  | 37,339 |  |  |  |  | 37,339 | (152) | 37,187
Remeasurements of post employment benefit obligations, net of taxes |  |  |  |  |  | (1,781) | [2] |  |  | (1,781) | (209) | (1,990)
Change in value of available for sale financial instruments and cash flow hedges net of tax |  |  |  |  |  | (7,573) | [2] |  |  | (7,573) | 25 | (7,548)
Share of other comprehensive income of non-consolidated companies |  |  |  |  | 3,473 | (5,054) | [2] |  |  | (1,581) |  | (1,581)
Other comprehensive income for the year |  |  |  |  | 40,812 | (14,408) | [2] |  |  | 26,404 | (336) | 26,068
Total comprehensive income (loss) for the year |  |  |  |  | 40,812 | (14,408) | [2] | 55,298 |  | 81,702 | 3,105 | 84,807
Acquisition and other changes in non-controlling interests |  |  |  |  |  | 2 | [2] |  |  | 2 | (1,073) | (1,071)
Dividends paid in cash |  |  |  |  |  |  | [2] | (507,631) |  | (507,631) | (29,089) | (536,720)
Balance at Dec. 31, 2016 | 1,180,537 | [1] | 118,054 | 609,733 | (965,955) | (313,088) | [2] | 10,658,136 | [3] | 11,287,417 | 125,655 | 11,413,072
Statement Line Items [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) for the year |  |  |  |  |  |  |  | 544,737 | [3] | 544,737 | (8,348) | 536,389
Currency translation adjustment |  |  |  |  | 151,080 |  |  |  |  | 151,080 | 682 | 151,762
Remeasurements of post employment benefit obligations, net of taxes |  |  |  |  |  | (7,423) | [2] |  |  | (7,423) | 126 | (7,297)
Change in value of available for sale financial instruments and cash flow hedges net of tax |  |  |  |  |  | 4,549 | [2] |  |  | 4,549 | (24) | 4,525
Share of other comprehensive income of non-consolidated companies |  |  |  |  | (9,548) | 136 | [2] |  |  | (9,412) |  | (9,412)
Other comprehensive income for the year |  |  |  |  | 141,532 | (2,738) | [2] |  |  | 138,794 | 784 | 139,578
Total comprehensive income (loss) for the year |  |  |  |  | 141,532 | (2,738) | [2] | 544,737 | [3] | 683,531 | (7,564) | 675,967
Acquisition and other changes in non-controlling interests |  |  |  |  |  | (4,743) |  |  |  | (4,743) | 4,694 | (49)
Dividends paid in cash |  |  |  |  |  |  | [2] | (484,020) | [3] | (484,020) | (24,000) | (508,020)
Balance at Dec. 31, 2017 | $ 1,180,537 | [4] | $ 118,054 | $ 609,733 | $ (824,423) | $ (320,569) | [2] | $ 10,718,853 | [3] | $ 11,482,185 | $ 98,785 | $ 11,580,970
[1] | The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2016 and 2015 there were 1,180,536,830 shares issued. All issued shares are fully paid.
[2] | Other reserves include mainly the result of transactions with non-controlling interest that do not result in a loss of control, the remeasurement of post-employment benefit obligations and the changes in value of cash flow hedges and in available for sale financial instruments.
[3] | The Distributable Reserve and Retained Earnings calculated according to Luxembourg Law are disclosed in Note 25.
[4] | The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2017 there were 1,180,536,830 shares issued. All issued shares are fully paid.

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