Pretax Amount | Tax Effect | Net Amount | |||||||||
2013 | |||||||||||
Foreign currency translation | $ | (1,557 | ) | $ | (11,508 | ) | $ | (13,065 | ) | ||
Pension liability adjustment | 61,555 | (22,322 | ) | 39,233 | |||||||
Unrealized investment gains/(losses), net of reclassification adjustment (a) | (2,308 | ) | 827 | (1,481 | ) | ||||||
Unrealized gains/(losses) on derivatives | (2,742 | ) | 170 | (2,572 | ) | ||||||
Other comprehensive gain/(loss) | $ | 54,948 | $ | (32,833 | ) | $ | 22,115 | ||||
2012 | |||||||||||
Foreign currency translation | $ | (107,749 | ) | $ | (2,066 | ) | $ | (109,815 | ) | ||
Pension liability adjustment | (63,473 | ) | 20,860 | (42,613 | ) | ||||||
Unrealized investment gains/(losses), net of reclassification adjustment (a) | (9,180 | ) | 3,284 | (5,896 | ) | ||||||
Unrealized gains/(losses) on derivatives | 270 | — | 270 | ||||||||
Other comprehensive gain/(loss) | $ | (180,132 | ) | $ | 22,078 | $ | (158,054 | ) | |||
Pretax Amount | Tax Effect | Net Amount | |||||||||
2011 | |||||||||||
Foreign currency translation | $ | 101,553 | $ | 8,676 | $ | 110,229 | |||||
Pension liability adjustment | 14,560 | (3,814 | ) | 10,746 | |||||||
Unrealized investment gains/(losses) (a) | 6,368 | (2,292 | ) | 4,076 | |||||||
Unrealized gains/(losses) on derivatives | — | — | — | ||||||||
Other comprehensive gain/(loss) | $ | 122,481 | $ | 2,570 | $ | 125,051 | |||||
(a) | The unrealized gains (losses) on available-for-sale securities, net of related taxes, consisted of the following: |
2013 | 2012 | 2011 | |||||||||
Net unrealized gains/(losses) arising during the period, net of tax (expense)/benefit of $790, $(260) and $(2,292) in 2013, 2012 and 2011, respectively | $ | (1,416 | ) | $ | 56 | $ | 4,076 | ||||
Reclassification adjustment for gain included in net earnings | (65 | ) | (5,952 | ) | — | ||||||
Other comprehensive income | $ | (1,481 | ) | $ | (5,896 | ) | $ | 4,076 | |||