XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 872,940 $ 777,001 $ 2,544,094 $ 2,353,790
Cost of goods sold 490,884 430,733 1,422,783 1,281,673
Gross profit 382,056 346,268 1,121,311 1,072,117
Research and development expenses 70,932 64,415 210,963 191,052
Selling and administrative expenses 141,473 152,046 417,713 408,372
Amortization of acquisition-related intangibles 8,766 5,468 24,327 16,659
Restructuring and other charges, net 3,249 0 14,183 0
Gain on sales of fixed assets (31) (87) (120) (2,998)
Operating profit 157,667 124,426 454,245 459,032
Interest expense 19,221 13,111 49,584 40,649
Other (income) expense, net (2,880) (2,075) (17,192) (1,954)
Income before taxes 141,326 113,390 421,853 420,337
Taxes on income 31,065 23,613 86,033 95,223
Net income 110,261 89,777 335,820 325,114
Other comprehensive income, after tax:        
Foreign currency translation adjustments 19,719 (6,191) 29,809 3,198
(Losses) gains on derivatives qualifying as hedges (4,014) 268 (17,533) (9,124)
Pension and postretirement net liability 3,845 2,586 11,168 7,719
Net current period other comprehensive income (loss) 19,550 (3,337) 23,444 1,793
Total comprehensive income $ 129,811 $ 86,440 $ 359,264 $ 326,907
Net income per share - basic, in dollars per share $ 1.39 $ 1.13 $ 4.24 $ 4.07
Net income per share - diluted, in dollars per share $ 1.39 $ 1.12 $ 4.22 $ 4.05
Average number of shares outstanding - basic 79,063 79,580 79,072 79,727
Average number of shares outstanding - diluted 79,362 79,935 79,353 80,067
Dividends declared per share, in dollars per share $ 0.69 $ 0.64 $ 1.97 $ 1.76