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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Taxes [Abstract]  
Schedule of Income Taxes Attributable to Earnings Before Income Taxes
201720162015
Current
United States$202,37478,958101,591
State and local2,9263,2083,352
International72,13877,83471,054
277,438160,000175,997
Deferred
United States105,17411,989(13,771)
State and local1,658411(472)
International5,273(13,062)(4,711)
112,105(662)(18,954)
Total income taxes$389,543159,338157,043
Schedule of Effective Income Tax Rate Reconciliation
201720162015
Statutory income tax rate35.0%35.0%35.0%
State and local income taxes, net0.30.30.3
Tax on international earnings(23.0)(15.8)(15.6)
Change in unrecognized tax benefits1.01.74.3
Share-based compensation(4.1)
Tax Cuts and Jobs Act of 201739.4
Other, net1.01.82.0
49.6%23.0%26.0%
Schedule of Components of Earnings Before Income Taxes, Determined by Tax Jurisdiction
201720162015
United States$168,370146,013155,120
International617,780546,476448,795
Total earnings before income taxes$786,150692,489603,915
Schedule of Deferred Tax Assets and Liabilities
20172016
Deferred tax assets:
Accounts receivable$31,42432,277
Inventories11,19817,913
Loss and credit carryforwards36,82129,752
Operating expenses15,96148,024
Pension8,37235,255
Other compensation36,85666,220
Postretirement benefits8,49712,525
Interest rate hedge6,01210,286
Tax sharing agreement5,51417,339
Other17,04625,513
Gross deferred tax assets177,701295,104
Valuation allowance(32,851)(24,065)
Net deferred tax assets144,850271,039
Deferred tax liabilities:
Depreciation and amortization of long-lived assets29,22649,484
Equity method investment12,8297,056
Other11,0187,634
Deferred tax liabilities53,07364,174
Net deferred income taxes$91,777206,865
Schedule of Deferred Tax Assets and Liabilities by Balance Sheet Location
20172016
Other assets97,870212,317
Other liabilities(6,093)(5,452)
Net deferred income taxes$91,777206,865
Schedule of Unrecognized Tax Benefits Roll Forward
201720162015
Balance at beginning of year$80,38863,54935,416
Gross increases in prior period tax positions2,5182,727491
Gross decreases in prior period tax positions(28,653)(3,103)(1,773)
Gross increases in current period tax positions34,05634,15532,547
Decreases related to settlements with tax authorities(1,375)(11,662)(355)
Decreases from the expiration of statute of limitations(2,690)(5,278)(2,777)
Balance at end of year$84,24480,38863,549