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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 158,025 $ 161,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,654 35,884
Share-based compensation 4,249 3,316
Excess tax benefits from share-based compensation (5,144) (3,734)
Changes in operating assets and liabilities (56,739) (73,964)
NET CASH PROVIDED BY OPERATING ACTIVITIES 135,045 122,512
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (11,670) (16,427)
Acquisitions and other investing activities (73,625) (30,129)
NET CASH USED IN INVESTING ACTIVITIES (85,295) (46,556)
FINANCING ACTIVITIES:    
Proceeds from debt 975,000 779,910
Payments on debt (900,000) (650,000)
Share-based awards exercised, net of taxes paid (5,586) (3,804)
Excess tax benefits from share-based compensation 5,144 3,734
Dividends paid (92,596) (88,039)
Purchases of stock (46,431) (84,252)
NET CASH USED IN FINANCING ACTIVITIES (64,469) (42,451)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 8,223 (4,740)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6,496) 28,765
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 211,631 137,730
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 205,135 $ 166,495