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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 325,114 $ 340,080
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 75,109 65,099
Deferred income taxes 8,323 13,134
Gain on disposal of assets (2,998) (341)
Stock-based compensation 19,471 18,355
Pension contributions (44,356) (61,125)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (36,070) (108,563)
Inventories (160) (31,655)
Accounts payable (29,523) 54,482
Accruals for incentive compensation 3,012 (13,781)
Other current payables and accrued expenses 30,663 34,585
Other assets (10,155) (30,098)
Other liabilities (9,077) 14,523
Net cash provided by operating activities 329,353 294,695
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received 0 (493,469)
Additions to property, plant and equipment (70,179) (66,632)
Proceeds From Termination Of Life Insurance Contracts 292 868
Maturity of net investment hedges (12) 9,735
Proceeds from disposal of assets 3,664 3,431
Net cash used in investing activities (66,235) (546,067)
Cash flows from financing activities:    
Cash dividends paid to shareholders (134,051) (113,875)
Increase (decrease) in revolving credit facility borrowings and overdrafts (133,687) 249,998
Deferred financing costs (4,780) 0
Repayments of debt (125,000) 0
Proceeds from issuance of long-term debt 555,559 0
Loss on pre-issuance hedges (3,244) 0
Proceeds from issuance of stock under stock plans 594 288
Excess tax benefits on stock-based payments 4,532 11,704
Purchase of treasury stock (94,148) (81,237)
Net cash provided by financing activities 65,775 66,878
Effect of exchange rate changes on cash and cash equivalents (12,151) (21,803)
Net change in cash and cash equivalents 316,742 (206,297)
Cash and cash equivalents at beginning of year 181,988  
Cash and cash equivalents at end of period 498,730 478,573
Interest paid, net of amounts capitalized 45,008 42,871
Income taxes paid $ 80,050 $ 71,167