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Consolidated Statement Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 324,408 $ 292,065
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 68,678 61,084
Deferred income taxes 7,496 (5,167)
Gain on disposal of assets (2,351) (18,859)
Stock-based compensation 19,627 18,919
Changes in assets and liabilities, net of Aromor acquisition:    
Trade receivables (47,929) (72,051)
Inventories (21,609) 10,679
Accounts payable (7,590) (11,581)
Accruals for incentive compensation (45,482) (1,298)
Other current payables and accrued expenses 4,154 27,416
Other assets (5,508) (23,805)
Other liabilities 23,609 (20,086)
Net cash provided by operating activities 317,503 257,316
Cash flows from investing activities:    
Cash paid for acquisition, net of cash received (including $15 million of contingent consideration) (102,500) 0
Additions to property, plant and equipment (97,820) (86,448)
Proceeds from life insurance contracts 17,750 793
Maturity of net investment hedges (472) 626
Proceeds from disposal of assets 2,506 16,782
Net cash used in investing activities (180,536) (68,247)
Cash flows from financing activities:    
Cash dividends paid to shareholders (95,113) (55,525)
Net change in revolving credit facility borrowings and overdrafts 8,926 (282,915)
Deferred financing costs (1,023) (2,800)
Repayments of long-term debt 0 (100,000)
Proceeds from long-term debt 4,100 297,786
Proceeds from issuance of stock under stock plans 1,361 3,613
Excess tax benefits on stock-based payments 6,080 5,583
Purchase of treasury stock (52,453) (31,923)
Net cash used in financing activities (128,122) (166,181)
Effect of exchange rate changes on cash and cash equivalents (9,514) (4,161)
Net change in cash and cash equivalents (669) 18,727
Cash and cash equivalents at beginning of year 405,505 324,422
Cash and cash equivalents at end of period 404,836  
Interest paid, net of amounts capitalized 26,407 47,754
Income taxes paid $ 63,007 $ 105,636