Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of Income from Continuing Operations before Income Taxes and Noncontrolling Shareholders' Interests

Components of income from continuing operations before income taxes and noncontrolling shareholders’ interests were as follows:

	2012		2013		2014
United States	$	206,853	$	107,918	$	165,888
Foreign		161,597		105,053		182,631
Total	$	368,450	$	212,971	$	348,519

Provision (Benefit) for Income Tax for Continuing Operations

The provision (benefit) for income tax for continuing operations consisted of the following:

	2012			2013		2014
Current:
Federal	$	67,921		$	7,879	$	46,270
State and local		9,812			2,576		8,678
Foreign		38,082			34,922		53,120
		115,815			45,377		108,068
Deferred:
Federal		(4,225	)		26,647		5,282
State and local		(573	)		7,255		82
Foreign		5,007			127		(1,735	)
		209			34,029		3,629
	$	116,024		$	79,406	$	111,697

Reconciliation of Income Tax Expense (Benefit) for Continuing Operations

A reconciliation of income tax expense (benefit) for continuing operations to the tax based on the U.S. statutory rate is as follows:

	2012			2013			2014
Income tax provision at 35%	$	128,958		$	74,540		$	121,982
State and local income tax, net of federal income tax effect		4,391			4,414			7,123
U.S. tax credits		—			(2,334	)		(1,455	)
Difference in effective tax rates of international operations		(16,545	)		(9,633	)		(35,095	)
Tax on gain from sale of CCT		—			—			21,767
Tax law or rate change		2,016			3,702			—
Valuation allowance		(181	)		4,001			1,382
Other - net		(2,615	)		4,716			(4,007	)
Income tax expense	$	116,024		$	79,406		$	111,697

Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31 were as follows:

	2013			2014
Deferred tax assets:
Postretirement and other employee benefits	$	175,643		$	224,123
Products liability		67,587			68,355
Net operating loss, capital loss, and tax credits carryforwards		28,947			28,812
All other items		51,213			48,087
Total deferred tax assets		323,390			369,377
Deferred tax liabilities:
Property, plant and equipment		(134,075	)		(141,374	)
All other items		(7,736	)		(10,455	)
Total deferred tax liabilities		(141,811	)		(151,829	)
		181,579			217,548
Valuation allowances		(32,370	)		(33,303	)
Net deferred tax asset	$	149,209		$	184,245

Unrecognized Tax Benefits for Permanent and Temporary Book/Tax Differences for Continuing Operations, Exclusive of Interest

	2012			2013			2014
Balance at January 1	$	987		$	5,138		$	5,878
Settlements for tax positions of prior years		—			(409	)		—
Additions for tax positions of the current year		4,195			566			230
Additions for tax positions of prior years		181			1,054			2,206
Reductions for tax positions of prior years		(225	)		(471	)		—
Balance at December 31	$	5,138		$	5,878		$	8,314