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Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Income before Income Tax, Domestic and Foreign



	2014		2013		2012
United States	$	33,157	$	18,119	$	32,296
Non-United States	411,847		384,590		350,305
Earnings before taxes	$	445,004	$	402,709	$	382,601

Schedule of Components of Income Tax Expense (Benefit)



	Current		Deferred			Total
Year ended December 31, 2014:
United States federal	$	—	$	5,676		$	5,676
State and local	1,372		527			1,899
Non-United States	92,358		6,830			99,188
Total	$	93,730	$	13,033		$	106,763
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

Schedule of Effective Income Tax Rate Reconciliation



	2014			2013			2012
Expected tax	$	155,751		$	140,948		$	133,910
United States state and local income taxes, net of federal income tax benefit	1,899			1,167			1,459
Change in valuation allowance	(172		)	1,178			—
Non-United States income taxes at other than a 35% rate	(51,360		)	(50,041		)	(44,288		)
Other, net	645			3,363			673
Total provision for taxes	$	106,763		$	96,615		$	91,754

Schedule of Deferred Tax Assets and Liabilities



	2014			2013
Deferred tax assets:
Inventory	$	27,164		$	23,957
Accrued and other liabilities	84,521			74,755
Accrued post-retirement benefit and pension costs	68,709			48,296
Net operating loss and tax credit carryforwards	45,806			43,939
Other	9,044			12,832
Total deferred tax assets	235,244			203,779
Less valuation allowance	(36,263		)	(31,697		)
Total deferred tax assets less valuation allowance	198,981			172,082
Deferred tax liabilities:
Inventory	3,918			4,155
Property, plant, and equipment	47,547			51,763
Rainin intangibles amortization	65,409			59,889
Prepaid post-retirement benefit and pension costs	51,391			44,049
International earnings	13,506			10,838
Total deferred tax liabilities	181,771			170,694
Net deferred tax (liability) asset	$	17,210		$	1,388

Summary of Income Tax Contingencies



	2014			2013
Unrecognized tax benefits at beginning of year	$	18,848		$	17,780
Increases related to current tax positions	990			2,024
Increases related to prior year tax positions	1,944			1,137
Decreases related to prior year tax positions	—			(362		)
Foreign currency translation (decreases) increases to prior year tax positions	(926		)	101
Decreases relating to taxing authority settlements	(1,886		)	(393		)
Decreases resulting from a lapse of the applicable statute of limitations	(2,106		)	(1,439		)
Unrecognized tax benefits at end of year	$	16,864		$	18,848

- 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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