Transition report pursuant to Rule 13a-10 or 15d-10

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.8.0.1
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Shares Held for Deferred Compensation Plans
Balances related to shares held for deferred compensation plans were as follows:
(In thousands, except share amounts)
 
March 2018
 
 
December 2017
 
March 2017
Shares held for deferred compensation plans
 
284,785

 
 
317,515

 
427,567

Cost of shares held for deferred compensation plans
 
$
3,621

 
 
$
3,901

 
$
5,304

Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI
The changes in accumulated OCI, net of related taxes, are as follows:
 
Three Months Ended March 2018
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, December 2017
$
(546,201
)
 
$
(291,949
)
 
$
(87,990
)
 
$
(926,140
)
Other comprehensive income (loss) before reclassifications
69,332

 
(4,852
)
 
(21,078
)
 
43,402

Amounts reclassified from accumulated other comprehensive income (loss)

 
7,183

 
11,525

 
18,708

Net other comprehensive income (loss)
69,332

 
2,331

 
(9,553
)
 
62,110

Balance, March 2018
$
(476,869
)
 
$
(289,618
)
 
$
(97,543
)
 
$
(864,030
)
 
 
Three Months Ended March 2017
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, December 2016
$
(794,579
)
 
$
(302,697
)
 
$
55,813

 
$
(1,041,463
)
Other comprehensive income (loss) before reclassifications
52,298

 
12,253

 
(7,534
)
 
57,017

Amounts reclassified from accumulated other comprehensive income (loss)

 
8,723

 
(12,317
)
 
(3,594
)
Net other comprehensive income (loss)
52,298

 
20,976

 
(19,851
)
 
53,423

Balance, March 2017
$
(742,281
)
 
$
(281,721
)
 
$
35,962

 
$
(988,040
)
 
The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands)
 
March 2018
 
 
December 2017
 
March 2017
Foreign currency translation and other
 
$
(476,869
)
 
 
$
(546,201
)
 
$
(742,281
)
Defined benefit pension plans
 
(289,618
)
 
 
(291,949
)
 
(281,721
)
Derivative financial instruments
 
(97,543
)
 
 
(87,990
)
 
35,962

Accumulated other comprehensive income (loss)
 
$
(864,030
)
 
 
$
(926,140
)
 
$
(988,040
)
Reclassifications Out of Accumulated OCI
Reclassifications out of accumulated OCI are as follows:
 
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
Affected Line Item in the Consolidated Statements of Income
 
 
Three Months Ended March
 
 
 
 
2018
 
 
2017
 
Amortization of defined benefit pension plans:
 
 
 
 
 
 
 
Net deferred actuarial losses
(a) 
 
 
$
(8,548
)
 
 
$
(11,382
)
 
Deferred prior service costs
(a) 
 
 
(647
)
 
 
(712
)
 
Pension curtailment loss
Loss from discontinued operations, net of tax
 
 

 
 
(1,105
)
 
 
Total before tax
 
 
(9,195
)
 
 
(13,199
)
 
 
Tax benefit
 
 
2,012

 
 
4,476

 
 
Net of tax
 
 
(7,183
)
 
 
(8,723
)
 
Gains (losses) on derivative financial instruments:
 
 
 
 
 
 
 
Foreign exchange contracts
Net sales
 
 
4,948

 
 
6,413

 
Foreign exchange contracts
Cost of goods sold
 
 
(13,286
)
 
 
11,274

 
Foreign exchange contracts
Selling, general and administrative expenses
 
 
(1,981
)
 
 
(87
)
 
Foreign exchange contracts
Other income (expense), net
 
 
(2,427
)
 
 
49

 
Interest rate contracts
Interest expense
 
 
(1,214
)
 
 
(1,158
)
 
 
Total before tax
 
 
(13,960
)
 
 
16,491

 
 
Tax benefit (expense)
 
 
2,435

 
 
(4,174
)
 
 
Net of tax
 
 
(11,525
)
 
 
12,317

 
Total reclassifications for the period
Net of tax
 
 
$
(18,708
)
 
 
$
3,594

(a) 
These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note H for additional details).