DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2015

Discontinued Operations, Held-for-sale [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The aggregate components of the assets classified as held for sale, are as follows:

(In thousands)	March 31, 2015
Assets held for sale:
Receivables, net	$	49,661
Inventories, net	23,801
Property, plant, and equipment, net	21,231
Goodwill	39,396
Other intangible assets, net	17,524
Other assets	129
Deferred tax assets, net	14,317
Reserve for assets held for sale	(73,890		)
Total assets held for sale, current	$	92,169
Liabilities held for sale
Accounts payable	$	7,222
Accrued expenses	4,723
Deferred revenue	14,606
Other current liabilities	2,262
Other liabilities	325
Total liabilities held for sale, current	$	29,138

The following table outlines the net sales and earnings/(loss) before income taxes attributable to the assets held for sale for the three months ended March 31. All impairment charges recorded are included herein:

	Net Sales				Earnings /(loss) before income taxes
(In thousands)	2015		2014		2015			2014
Surface Technologies - Domestic	1,110		1,328		38			165
Engineered Packaging	4,377		6,148		105			1,047
Downstream Refining	28,191		27,092		(38,929		)	(1,000		)
Total included in discontinued operations	$	33,678	$	34,568	$	(38,786	)	$	212

Discontinued Operations [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The aggregate financial results of all discontinued operations for the three months ended March 31 were as follows:

(In thousands)	2015			2014
Net sales	$	34,259		$	98,453
Loss from discontinued operations before income taxes (1)	(40,112		)	(1,980		)
Income tax benefit/(expense)	12,678			714
Gain/(loss) on sale of businesses (2)	202			—
Earnings from discontinued operations	$	(27,232	)	$	(1,266	)