INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

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

(In thousands)	2020		2019		2018
Domestic	$	212,613	$	273,036	$	217,374
Foreign(1)	50,438		123,426		138,865
	$	263,051	$	396,462	$	356,239

Schedule Of Provision For Income Taxes [Table Text Block]

(In thousands)	2020		2019		2018
Current:
Federal	$	36,793	$	14,195	$	37,648
State	11,882		3,766		9,228
Foreign	21,841		24,816		25,285
Total current	70,516		42,777		72,161
Deferred:
Federal	1,043		38,647		8,518
State	(527)		6,632		(1,047)
Foreign	(9,373)		823		858
Total deferred	(8,857)		46,102		8,329
Provision for income taxes	$	61,659	$	88,879	$	80,490

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

	2020		2019		2018
U.S. federal statutory tax rate	21.0	%	21.0	%	21.0	%
Add (deduct):
State and local taxes, net of federal benefit	3.7		2.4		2.2
Impairment of goodwill (held-for-sale)	1.2		—		—
Valuation allowance for foreign assets held for sale	1.3		—		—
R&D tax credits	(0.9)		(1.2)		(1.0)
Foreign earnings (1)	(0.9)		1.4		0.9
Impacts related to the Tax Act	—		—		1.8
Foreign-derived intangible income	(2.8)		(1.3)		(0.8)
All other, net	0.8		0.1		(1.5)
Effective tax rate	23.4	%	22.4	%	22.6	%

(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, excluding items related to foreign assets classified as held for sale.

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

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

(In thousands)	2020		2019
Deferred tax assets:
Operating lease liabilities	$	33,371	$	35,299
Inventories, net	16,734		15,220
Net operating loss	5,518		8,328
Environmental reserves	8,698		8,239
Incentive compensation	8,102		8,130
Pension and other postretirement liabilities	13,533		5,029
Capital loss carryover	—		955
Other	33,401		33,002
Total deferred tax assets	119,357		114,202
Deferred tax liabilities:
Goodwill amortization	90,112		77,620
Operating lease right-of-use assets, net	31,292		33,915
Other intangible amortization	65,549		30,954
Depreciation	22,780		25,562
Withholding taxes	12,549		13,097
Other	8,757		7,524
Total deferred tax liabilities	231,039		188,672
Valuation allowance	1,240		3,386
Net deferred tax liabilities	$	112,922	$	77,856

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

(In thousands)	2020		2019
Net noncurrent deferred tax assets	2,085		2,303
Net noncurrent deferred tax liabilities	115,007		80,159
Net deferred tax liabilities	$	112,922	$	77,856

Summary Of Unrecognized Tax Benefits [Table Text Block]

(In thousands)	2020		2019		2018
Balance as of January 1,	$	12,676	$	13,563	$	13,174
Additions for tax positions of prior periods	1,497		581		88
Reductions for tax positions of prior periods	(615)		(2,184)		(290)
Additions for tax positions related to the current year	2,041		936		1,036
Settlements	(14)		(220)		(445)
Balance as of December 31,	$	15,585	$	12,676	$	13,563

Summary Of Open Tax Years [Table Text Block]

United States (Federal)	2017	-	present
United States (Various states)	2009	-	present
United Kingdom	2019	-	present
Canada	2017	-	present