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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 340,080 $ 324,408
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 65,099 68,678
Deferred income taxes 13,134 7,496
Gain on disposal of assets (341) (2,351)
Stock-based compensation 18,355 19,627
Pension contributions (61,125) (34,493)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (108,563) (47,929)
Inventories (31,655) (21,609)
Accounts payable 54,482 (2,459)
Accruals for incentive compensation (13,781) (45,482)
Other current payables and accrued expenses 34,585 (977)
Other assets/liabilities, net (15,575) 52,594
Net cash provided by operating activities 294,695 317,503
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received (including $15 million of contingent consideration related to the Aromor acquisition in 2014) (493,469) (102,500)
Additions to property, plant and equipment (66,632) (97,820)
Proceeds from life insurance contracts 868 17,750
Maturity of net investment hedges 9,735 (472)
Proceeds from disposal of assets 3,431 2,506
Net cash used in investing activities (546,067) (180,536)
Cash flows from financing activities:    
Cash dividends paid to shareholders (113,875) (95,113)
Net change in bank borrowings and overdrafts 0 8,926
Deferred financing costs 0 (1,023)
Repayments of debt (30,000) 0
Proceeds from issuance or drawdown of long-term debt 279,998 4,100
Proceeds from issuance of stock under stock plans 288 1,361
Excess tax benefits on stock-based payments 11,704 6,080
Purchase of treasury stock (81,237) (52,453)
Net cash provided by (used in) financing activities 66,878 (128,122)
Proceeds from sale of finance receivables 200 19,400
Effect of exchange rate changes on cash and cash equivalents (21,803) (9,514)
Net change in cash and cash equivalents (206,297) (669)
Cash and cash equivalents at beginning of year 478,573 405,505
Cash and cash equivalents at end of period 272,276 404,836
Interest paid, net of amounts capitalized 42,871 26,407
Income taxes paid $ 71,167 $ 63,007