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Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Income before Income Tax, Domestic and Foreign



	2011			2010		2009
United States	$	(6,758	)	$	41,470	$	33,263
Non-United States	355,935			266,043		191,499
Earnings before taxes	$	349,177		$	307,513	$	224,762

Schedule of Components of Income Tax Expense (Benefit)



	Current			Deferred			Total
Year ended December 31, 2011:
United States federal	$	—		$	(9,111	)	$	(9,111	)
State and local	1,512			(482		)	1,030
Non-United States	75,580			12,185			87,765
Total	$	77,092		$	2,592		$	79,684
Year ended December 31, 2010:
United States federal	$	—		$	15,760		$	15,760
State and local	1,402			713			2,115
Non-United States	69,905			(12,415		)	57,490
Total	$	71,307		$	4,058		$	75,365
Year ended December 31, 2009:
United States federal	$	(468	)	$	2,344		$	1,876
State and local	1,331			1,437			2,768
Non-United States	47,540			(15		)	47,525
Total	$	48,403		$	3,766		$	52,169

Schedule of Effective Income Tax Rate Reconciliation



	2011			2010			2009
Expected tax	$	122,212		$	107,630		$	78,667
United States state and local income taxes, net of federal income tax benefit	1,030			2,115			2,768
Change in valuation allowance	—			(3,229		)	(598		)
Other non-United States income taxes at other than a 35% rate	(36,814		)	(26,639		)	(19,499		)
Resolution of prior year tax matters	(3,478		)	(5,757		)	(9,681		)
Other, net	(3,266		)	1,245			512
Total provision for taxes	$	79,684		$	75,365		$	52,169

Schedule of Deferred Tax Assets and Liabilities



	2011			2010
Deferred tax assets:
Inventory	$	22,530		$	19,460
Accrued and other liabilities	64,003			54,245
Accrued post-retirement benefit and pension costs	57,320			45,998
Net operating loss and tax credit carryforwards	47,148			55,956
Other	13,761			9,554
Total deferred tax assets	204,762			185,213
Less valuation allowance	(34,738		)	(44,669		)
Total deferred tax assets less valuation allowance	170,024			140,544
Deferred tax liabilities:
Inventory	4,087			4,346
Property, plant and equipment	45,549			37,669
Rainin intangibles amortization	47,804			42,640
Prepaid post-retirement benefit and pension costs	38,778			36,343
Other	—			13,290
International earnings	8,067			7,940
Total deferred tax liabilities	144,285			142,228
Net deferred tax (liability) asset	$	25,739		$	(1,684	)

Summary of Income Tax Contingencies



	2011			2010
Unrecognized tax benefits at beginning of year	$	19,407		$	23,110
Increases related to current tax positions	3,852			3,241
Decreases related to prior year tax positions	(35		)	(1,271		)
Foreign currency translation (decreases) increases to prior year tax positions	(34		)	(103		)
Decreases relating to taxing authority settlements	(83		)	(5,558		)
Decreases resulting from a lapse of the applicable statute of limitations	(2,957		)	(12		)
Unrecognized tax benefits at end of year	$	20,150		$	19,407

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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