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CONSOLIDATED BALANCE SHEET (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 478,573us-gaap_CashAndCashEquivalentsAtCarryingValue $ 405,505us-gaap_CashAndCashEquivalentsAtCarryingValue
Receivables:    
Trade 502,915us-gaap_AccountsReceivableGrossCurrent 534,986us-gaap_AccountsReceivableGrossCurrent
Allowance for doubtful accounts (9,147)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent (10,493)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
Inventories 568,729us-gaap_InventoryNet 533,806us-gaap_InventoryNet
Deferred income taxes 27,709us-gaap_DeferredTaxAssetsNetCurrent 40,189us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 141,248us-gaap_OtherAssetsCurrent 148,910us-gaap_OtherAssetsCurrent
Total Current Assets 1,710,027us-gaap_AssetsCurrent 1,652,903us-gaap_AssetsCurrent
Property, plant and equipment, net 720,268us-gaap_PropertyPlantAndEquipmentNet 687,215us-gaap_PropertyPlantAndEquipmentNet
Goodwill 675,484us-gaap_Goodwill 665,582us-gaap_Goodwill
Other intangible assets, net 76,557us-gaap_FiniteLivedIntangibleAssetsNet 30,615us-gaap_FiniteLivedIntangibleAssetsNet
Deferred income taxes 183,047us-gaap_DeferredTaxAssetsNetNoncurrent 154,437us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets 129,238us-gaap_OtherAssetsNoncurrent 140,979us-gaap_OtherAssetsNoncurrent
Total Assets 3,494,621us-gaap_Assets 3,331,731us-gaap_Assets
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 8,090us-gaap_DebtCurrent 149us-gaap_DebtCurrent
Accounts payable 229,866us-gaap_AccountsPayableCurrent 226,733us-gaap_AccountsPayableCurrent
Dividends payable 37,968us-gaap_DividendsPayableCurrent 31,740us-gaap_DividendsPayableCurrent
Other current liabilities 242,884us-gaap_OtherLiabilitiesCurrent 301,744us-gaap_OtherLiabilitiesCurrent
Total Current Liabilities 518,808us-gaap_LiabilitiesCurrent 560,366us-gaap_LiabilitiesCurrent
Other Liabilities:    
Long-term debt 934,232us-gaap_LongTermDebtNoncurrent 932,665us-gaap_LongTermDebtNoncurrent
DEFERRED GAIN 46,535iff_DEFERREDGAIN  
Deferred gains 39,000us-gaap_SaleLeasebackTransactionDeferredGainNet 41,339us-gaap_SaleLeasebackTransactionDeferredGainNet
Retirement liabilities 354,333us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 238,225us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Other liabilities 118,024us-gaap_OtherLiabilitiesNoncurrent 92,085us-gaap_OtherLiabilitiesNoncurrent
Total Other Liabilities 1,453,124us-gaap_LiabilitiesNoncurrent 1,304,314us-gaap_LiabilitiesNoncurrent
Commitments and Contingencies (Note 17)      
Shareholders’ Equity:    
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 and 115,761,840 shares as of December 31, 2014 and 2013; and outstanding 80,777,590 and 81,384,246 shares as of December 31, 2014 and 2013 14,470us-gaap_CommonStockValue 14,470us-gaap_CommonStockValue
Capital in excess of par value 140,008us-gaap_AdditionalPaidInCapitalCommonStock 131,461us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 3,350,734us-gaap_RetainedEarningsAccumulatedDeficit 3,075,657us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss:    
Cumulative translation adjustments (173,342)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax (104,278)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Accumulated gains (losses) on derivatives qualifying as hedges 12,371us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax (4,012)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
Pension and postretirement liability adjustment (379,459)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax (284,421)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
Treasury stock, at cost — 35,080,600 and 34,377,594 shares as of December 31, 2014 and 2013 (1,446,221)us-gaap_TreasuryStockValue (1,365,805)us-gaap_TreasuryStockValue
Total Shareholders’ Equity 1,518,561us-gaap_StockholdersEquity 1,463,072us-gaap_StockholdersEquity
Noncontrolling interest 4,128us-gaap_MinorityInterest 3,979us-gaap_MinorityInterest
Total Shareholders’ Equity including noncontrolling interest 1,522,689us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,467,051us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Shareholders’ Equity $ 3,494,621us-gaap_LiabilitiesAndStockholdersEquity $ 3,331,731us-gaap_LiabilitiesAndStockholdersEquity