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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule Of Earnings From Continuing Operations Before Income Taxes
Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions):
 
2015
 
2014
 
2013
United States
$
1,419.9

 
$
1,346.5

 
$
1,565.7

International
1,904.1

 
2,054.2

 
1,850.6

Total
$
3,324.0

 
$
3,400.7

 
$
3,416.3
Schedule Of Provision For Income Taxes
The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions):
 
2015
 
2014
 
2013
Current:
 
 
 
 
 
Federal U.S.
$
468.6

 
$
253.1

 
$
235.4

Non-U.S.
368.3

 
370.9

 
246.4

State and local
39.7

 
33.8

 
67.6

Deferred:
 
 
 
 
 
Federal U.S.
(70.4
)
 
220.0

 
258.3

Non-U.S.
(102.2
)
 
(59.2
)
 
13.8

State and local
21.3

 
39.0

 
4.2

Income tax provision
$
725.3

 
$
857.6

 
$
825.7
Schedule Of Deferred Income Tax
Deferred income tax assets and liabilities, including those related to discontinued operations, as of December 31 were as follows ($ in millions):
 
2015
 
2014
Deferred tax assets:
 
 
 
Allowance for doubtful accounts
$
27.7

 
$
37.2

Inventories
107.1

 
94.4

Pension and postretirement benefits
415.7

 
363.0

Environmental and regulatory compliance
31.7

 
27.2

Other accruals and prepayments
405.2

 
331.0

Stock-based compensation expense
128.8

 
128.9

Tax credit and loss carryforwards
1,075.4

 
870.1

Valuation allowances
(215.0
)
 
(330.5
)
Total deferred tax asset
1,976.6

 
1,521.3

Deferred tax liabilities:
 
 
 
Property, plant and equipment
(194.1
)
 
(169.3
)
Insurance, including self-insurance
(1,107.3
)
 
(870.5
)
Basis difference in LYONs
(9.1
)
 
(18.3
)
Goodwill and other intangibles
(3,704.8
)
 
(2,225.4
)
Unrealized gains on marketable securities
(68.0
)
 
(72.9
)
Total deferred tax liability
(5,083.3
)
 
(3,356.4
)
Net deferred tax liability
$
(3,106.7
)
 
$
(1,835.1
)
Reconciliation Of The Statutory Federal Income Tax Rate To The Effective Tax Rate
The effective income tax rate from continuing operations for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows:
 
Percentage of Pretax Earnings
 
2015
 
2014
 
2013
Statutory federal income tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Increase (decrease) in tax rate resulting from:
 
 
 
 
 
State income taxes (net of federal income tax benefit)
1.1

 
1.4

 
1.3

Foreign income taxed at lower rate than U.S. statutory rate
(11.6
)
 
(13.8
)
 
(10.2
)
Resolution and expiration of statutes of limitation of uncertain tax positions
(0.8
)
 
1.7

 
(2.5
)
Foreign exchange losses
(2.8
)
 
—

 
—

Research credits, uncertain tax positions and other
0.9

 
0.9

 
0.6

Effective income tax rate
21.8
 %
 
25.2
 %
 
24.2
 %
Reconciliation Of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties related to both continuing and discontinued operations, is as follows ($ in millions):
 
2015
 
2014
 
2013
Unrecognized tax benefits, beginning of year
$
728.5

 
$
689.0

 
$
613.2

Additions based on tax positions related to the current year
73.3

 
91.5

 
47.8

Additions for tax positions of prior years
135.3

 
172.5

 
166.9

Reductions for tax positions of prior years
(10.0
)
 
(43.7
)
 
(57.4
)
Acquisitions and other
140.6

 
36.6

 
18.2

Lapse of statute of limitations
(26.3
)
 
(36.3
)
 
(96.1
)
Settlements
(18.9
)
 
(149.7
)
 
(3.8
)
Effect of foreign currency translation
(32.3
)
 
(31.4
)
 
0.2

Unrecognized tax benefits, end of year
$
990.2

 
$
728.5

 
$
689.0