INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2015

Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]



(In thousands)	2015		2014		2013
Domestic	$	135,112	$	120,563	$	105,188
Foreign	140,082		126,381		95,862
	$	275,194	$	246,944	$	201,050

Schedule Of Provision For Income Taxes [Table Text Block]



(In thousands)	2015			2014			2013
Current:
Federal	$	(6,741	)	$	70,609		$	29,323
State	6,175			9,065			5,629
Foreign	27,134			33,401			20,807
Total current	26,568			113,075			55,759

Deferred:
Federal	49,060			(29,683		)	7,002
State	7,390			(1,247		)	667
Foreign	(72		)	(5,150		)	(1,782		)
Total deferred	56,378			(36,080		)	5,887
Provision for income taxes	$	82,946		$	76,995		$	61,646

Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]



	2015		2014		2013
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	4.3		2.4		1.6
R&D tax credits	(1.3	)	(1.3	)	(1.5	)
Foreign earnings ⁽¹⁾	(6.2	)	(4.4	)	(3.7	)
All other, net	(1.7	)	(0.5	)	(0.7	)
Effective tax rate	30.1	%	31.2	%	30.7	%

⁽¹⁾ Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

The components of the Corporation’s deferred tax assets and liabilities at December 31 are as follows:



(In thousands)	2015			2014
Deferred tax assets:
Pension plans	$	40,102		$	84,493
Environmental reserves	9,561			10,123
Inventories	20,041			18,496
Postretirement/postemployment benefits	13,272			13,326
Incentive compensation	12,369			16,140
Net operating loss	9,043			8,909
Capital loss carryover	10,141			17,555
Other	38,226			26,329
Total deferred tax assets	152,755			195,371
Deferred tax liabilities:
Depreciation	29,771			33,117
Goodwill amortization	89,276			74,555
Other intangible amortization	54,017			62,777
Other	12,280			9,452
Total deferred tax liabilities	185,344			179,901
Valuation allowance	17,895			23,478
Net deferred tax liabilities	$	(50,484	)	$	(8,008	)

Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet at December 31 as follows:



(In thousands)	2015			2014
Net current deferred tax assets	$	41,737		$	44,311
Net current deferred tax liabilities	1,962			2,448
Net noncurrent deferred tax assets	856			1,683
Net noncurrent deferred tax liabilities	91,115			51,554
Net deferred tax liabilities	$	(50,484	)	$	(8,008	)

Summary Of Unrecognized Tax Benefits [Table Text Block]



(In thousands)	2015			2014			2013
Balance at January 1,	$	11,560		$	10,623		$	11,301
Additions for tax positions of prior periods	359			1,421			1,511
Additions for tax positions related to the current year	2,026			1,738			1,768
Settlements	(1,414		)	(2,039		)	(3,868		)
Lapses of statute of limitations	—			(41		)	(140		)
Foreign currency translation	(117		)	(142		)	51
Balance at December 31,	$	12,414		$	11,560		$	10,623

Summary Of Open Tax Years [Table Text Block]



United States (Federal)	2012	-	present
United States (Various states)	1998	-	present
United Kingdom	2008	-	present
Canada	2009	-	present