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Income Taxes
3 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES

The Company is subject to the tax laws of many jurisdictions. Changes in tax laws or the interpretation of tax laws can affect the Company's earnings, as can the resolution of pending and contested tax issues. The consolidated income tax rate is affected by a number of factors, including the mix of domestic and foreign earnings and investments, local tax rates of subsidiaries, repatriation of foreign earnings, the effect of exchange rate changes on deferred taxes, and the Company's ability to utilize foreign tax credits.

The consolidated effective income tax rate on pretax earnings was approximately 35% for the quarter ended June 30, 2013, and approximately 34% for the quarter ended June 30, 2012. The rates for both quarters approximated the 35% U.S. federal statutory rate, and the effects of items that cause the effective tax rate to differ from the statutory rate were not significant.