| Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in AOCI |
The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
|
|
|
|
|
|
|
|
|
|
2016 |
|
2015 |
|
In thousands |
Foreign currency translation and other |
$ |
(794,579 |
) |
|
$ |
(718,169 |
) |
Defined benefit pension plans |
(302,697 |
) |
|
(372,195 |
) |
Derivative financial instruments |
55,813 |
|
|
47,142 |
|
Accumulated other comprehensive loss |
$ |
(1,041,463 |
) |
|
$ |
(1,043,222 |
) |
The changes in accumulated OCI, net of related taxes, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation and Other |
|
Defined
Benefit
Pension Plans
|
|
Derivative
Financial
Instruments
|
|
Marketable
Securities
|
|
Total |
|
In thousands |
Balance, December 2013 |
$ |
106,647 |
|
|
$ |
(277,451 |
) |
|
$ |
(41,754 |
) |
|
$ |
838 |
|
|
$ |
(211,720 |
) |
Other comprehensive income (loss) before reclassifications |
(463,588 |
) |
|
(126,275 |
) |
|
53,651 |
|
|
(424 |
) |
|
(536,636 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
26,592 |
|
|
19,492 |
|
|
— |
|
|
46,084 |
|
Net other comprehensive income (loss) |
(463,588 |
) |
|
(99,683 |
) |
|
73,143 |
|
|
(424 |
) |
|
(490,552 |
) |
Balance, December 2014 |
(356,941 |
) |
|
(377,134 |
) |
|
31,389 |
|
|
414 |
|
|
(702,272 |
) |
Other comprehensive income (loss) before reclassifications |
(361,228 |
) |
|
(37,238 |
) |
|
55,325 |
|
|
300 |
|
|
(342,841 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
42,177 |
|
|
(39,572 |
) |
|
(714 |
) |
|
1,891 |
|
Net other comprehensive income (loss) |
(361,228 |
) |
|
4,939 |
|
|
15,753 |
|
|
(414 |
) |
|
(340,950 |
) |
Balance, December 2015 |
(718,169 |
) |
|
(372,195 |
) |
|
47,142 |
|
|
— |
|
|
(1,043,222 |
) |
Other comprehensive income (loss) before reclassifications |
(76,410 |
) |
|
(4,357 |
) |
|
81,036 |
|
|
— |
|
|
269 |
|
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
73,855 |
|
|
(72,365 |
) |
|
— |
|
|
1,490 |
|
Net other comprehensive income (loss) |
(76,410 |
) |
|
69,498 |
|
|
8,671 |
|
|
— |
|
|
1,759 |
|
Balance, December 2016 |
$ |
(794,579 |
) |
|
$ |
(302,697 |
) |
|
$ |
55,813 |
|
|
$ |
— |
|
|
$ |
(1,041,463 |
) |
|
| Reclassifications Out of Accumulated OCI |
Reclassifications out of accumulated OCI are as follows:
|
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|
|
|
|
|
|
|
|
|
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| |
Details About Accumulated Other
Comprehensive Income (Loss) Components
|
Affected Line Item in the
Consolidated Statements of
Income
|
|
2016 |
|
2015 |
|
2014 |
| |
|
|
|
In thousands |
| |
Amortization of defined benefit pension plans: |
|
|
|
|
|
|
|
| |
Net deferred actuarial losses |
(a) |
|
$ |
(65,212 |
) |
|
$ |
(61,966 |
) |
|
$ |
(37,518 |
) |
| |
Deferred prior service costs |
(a) |
|
(2,584 |
) |
|
(3,038 |
) |
|
(5,445 |
) |
| |
Pension settlement charges |
Selling, general and administrative expenses |
|
(50,922 |
) |
|
(4,062 |
) |
|
— |
|
| |
| |
|
Total before tax |
|
(118,718 |
) |
|
(69,066 |
) |
|
(42,963 |
) |
| |
|
Tax benefit |
|
44,863 |
|
|
26,889 |
|
|
16,371 |
|
| |
|
Net of tax |
|
(73,855 |
) |
|
(42,177 |
) |
|
(26,592 |
) |
| |
Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
| |
Foreign exchange contracts |
Net sales |
|
28,798 |
|
|
(68,543 |
) |
|
(18,071 |
) |
| |
Foreign exchange contracts |
Cost of goods sold |
|
84,613 |
|
|
132,432 |
|
|
(8,756 |
) |
| |
Foreign exchange contracts |
Selling, general and administrative expenses |
|
(4,314 |
) |
|
(1,885 |
) |
|
— |
|
| |
| |
Foreign exchange contracts |
Other income (expense), net |
|
2,864 |
|
|
7,267 |
|
|
(1,189 |
) |
| |
Interest rate contracts |
Interest expense |
|
(4,504 |
) |
|
(4,295 |
) |
|
(4,095 |
) |
| |
|
Total before tax |
|
107,457 |
|
|
64,976 |
|
|
(32,111 |
) |
| |
|
Tax benefit (expense) |
|
(35,092 |
) |
|
(25,404 |
) |
|
12,619 |
|
| |
|
Net of tax |
|
72,365 |
|
|
39,572 |
|
|
(19,492 |
) |
| |
Gains (losses) on sale of marketable securities: |
Other income (expense), net |
|
— |
|
|
1,177 |
|
|
— |
|
| |
|
Tax expense |
|
— |
|
|
(463 |
) |
|
— |
|
| |
|
Net of tax |
|
— |
|
|
714 |
|
|
— |
|
| |
Total reclassifications for the year |
Net of tax |
|
$ |
(1,490 |
) |
|
$ |
(1,891 |
) |
|
$ |
(46,084 |
) |
|
|
(a) |
These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note M for additional details). |
|