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Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income before Income Tax, Domestic and Foreign



	2013		2012		2011
United States	$	18,119	$	32,296	$	(6,758	)
Non-United States	384,590		350,305		355,935
Earnings before taxes	$	402,709	$	382,601	$	349,177

Schedule of Components of Income Tax Expense (Benefit)



	Current		Deferred			Total
Year ended December 31, 2013:
United States federal	$	—	$	8,249		$	8,249
State and local	1,459		965			2,424
Non-United States	86,340		(398		)	85,942
Total	$	87,799	$	8,816		$	96,615
Year ended December 31, 2012:
United States federal	$	—	$	12,341		$	12,341
State and local	1,372		87			1,459
Non-United States	84,962		(7,008		)	77,954
Total	$	86,334	$	5,420		$	91,754
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

Schedule of Effective Income Tax Rate Reconciliation



	2013			2012			2011
Expected tax	$	140,948		$	133,910		$	122,212
United States state and local income taxes, net of federal income tax benefit	1,167			1,459			1,030
Change in valuation allowance	1,178			—			—
Other non-United States income taxes at other than a 35% rate	(50,041		)	(44,288		)	(36,814		)
Other, net	3,363			673			(6,744		)
Total provision for taxes	$	96,615		$	91,754		$	79,684

Schedule of Deferred Tax Assets and Liabilities



	2013			2012
Deferred tax assets:
Inventory	$	23,957		$	20,615
Accrued and other liabilities	74,755			67,426
Accrued post-retirement benefit and pension costs	48,296			62,980
Net operating loss and tax credit carryforwards	43,939			39,018
Other	12,832			17,938
Total deferred tax assets	203,779			207,977
Less valuation allowance	(31,697		)	(23,177		)
Total deferred tax assets less valuation allowance	172,082			184,800
Deferred tax liabilities:
Inventory	4,155			3,788
Property, plant and equipment	51,763			47,172
Rainin intangibles amortization	59,889			54,507
Prepaid post-retirement benefit and pension costs	44,049			39,593
International earnings	10,838			10,458
Total deferred tax liabilities	170,694			155,518
Net deferred tax (liability) asset	$	1,388		$	29,282

Summary of Income Tax Contingencies



	2013			2012
Unrecognized tax benefits at beginning of year	$	17,780		$	20,150
Increases related to current tax positions	2,024			2,470
Increases related to prior year tax positions	1,137			—
Decreases related to prior year tax positions	(362		)	(378		)
Foreign currency translation (decreases) increases to prior year tax positions	101			58
Decreases relating to taxing authority settlements	(393		)	(128		)
Decreases resulting from a lapse of the applicable statute of limitations	(1,439		)	(4,392		)
Unrecognized tax benefits at end of year	$	18,848		$	17,780

- 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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