XML 60 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net sales $ 2,924,997,000us-gaap_SalesRevenueNet $ 2,595,281,000us-gaap_SalesRevenueNet $ 2,579,068,000us-gaap_SalesRevenueNet
Operating costs and expenses      
Cost of sales 1,908,694,000us-gaap_CostOfGoodsAndServicesSold 1,711,759,000us-gaap_CostOfGoodsAndServicesSold 1,709,949,000us-gaap_CostOfGoodsAndServicesSold
Selling, general and administrative 0cr_AsbestosProvisionNet 0cr_AsbestosProvisionNet 0cr_AsbestosProvisionNet
Environmental provision 55,800,000us-gaap_EnvironmentalRemediationExpense 0us-gaap_EnvironmentalRemediationExpense 0us-gaap_EnvironmentalRemediationExpense
Restructuring charges 29,237,000us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges 18,463,000us-gaap_RestructuringCharges
Business Combination, Integration Related Costs 9,753,000us-gaap_BusinessCombinationIntegrationRelatedCosts 0us-gaap_BusinessCombinationIntegrationRelatedCosts 0us-gaap_BusinessCombinationIntegrationRelatedCosts
Acquisition integration related charges 605,223,000us-gaap_SellingGeneralAndAdministrativeExpense 535,646,000us-gaap_SellingGeneralAndAdministrativeExpense 540,215,000us-gaap_SellingGeneralAndAdministrativeExpense
Total operating costs and expenses 2,608,707,000us-gaap_OperatingExpenses 2,247,405,000us-gaap_OperatingExpenses 2,268,627,000us-gaap_OperatingExpenses
Operating profit from continuing operations 316,290,000us-gaap_OperatingIncomeLoss 347,876,000us-gaap_OperatingIncomeLoss 310,441,000us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest income 1,713,000us-gaap_InvestmentIncomeInterest 1,867,000us-gaap_InvestmentIncomeInterest 1,879,000us-gaap_InvestmentIncomeInterest
Interest expense (39,222,000)us-gaap_InterestExpense (26,460,000)us-gaap_InterestExpense (26,831,000)us-gaap_InterestExpense
Miscellaneous (expense) income 2,375,000us-gaap_OtherNonoperatingIncomeExpense 2,733,000us-gaap_OtherNonoperatingIncomeExpense (884,000)us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense) (35,134,000)us-gaap_NonoperatingIncomeExpense (21,860,000)us-gaap_NonoperatingIncomeExpense (25,836,000)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes 281,156,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 326,016,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 284,605,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 87,587,000us-gaap_IncomeTaxExpenseBenefit 105,065,000us-gaap_IncomeTaxExpenseBenefit 88,416,000us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations   220,951,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 196,189,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued Operations:      
Income from Discontinued Operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 2,456,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Gain from Sales of Discontinued Operations, net of tax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 19,176,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Discontinued Operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 21,632,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income before allocation to noncontrolling interests 193,569,000us-gaap_ProfitLoss 220,951,000us-gaap_ProfitLoss 217,821,000us-gaap_ProfitLoss
Less: Noncontrolling interest in subsidiaries’ earnings 897,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1,449,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 828,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to common shareholders $ 192,672,000us-gaap_NetIncomeLoss $ 219,502,000us-gaap_NetIncomeLoss $ 216,993,000us-gaap_NetIncomeLoss
Earnings per share - basic:      
Income from continuing operations attributable to common shareholders $ 3.28us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 3.79us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 3.40us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations, net of tax $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.38us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income attributable to common shareholders $ 3.28us-gaap_EarningsPerShareBasic $ 3.79us-gaap_EarningsPerShareBasic $ 3.78us-gaap_EarningsPerShareBasic
Average basic shares outstanding 58,679us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 57,896us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 57,443us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Earnings per share - diluted:      
Income from continuing operations attributable to common shareholders $ 3.23us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 3.73us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 3.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations, net of tax $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.37us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income attributable to common shareholders $ 3.23us-gaap_EarningsPerShareDiluted $ 3.73us-gaap_EarningsPerShareDiluted $ 3.72us-gaap_EarningsPerShareDiluted
Average diluted shares outstanding 59,603us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 58,839us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 58,293us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding