CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 368,046	$ 323,992
Receivables:
Trade	677,055	560,653
Allowance for doubtful accounts	(13,392)	(9,995)
Inventories	649,448	592,017
Prepaid expenses and other current assets	215,387	142,347
Total Current Assets	1,896,544	1,609,014
Property, plant and equipment, net	880,580	775,716
Goodwill	1,156,288	1,000,123
Other intangible assets, net	415,787	365,783
Deferred income taxes	99,777	138,636
Other assets	149,950	127,712
Total Assets	4,598,926	4,016,984
Current Liabilities:
Bank borrowings, overdrafts and current portion of long-term debt	6,966	258,516
Accounts payable	338,188	274,815
Dividends payable	54,420	50,678
Other current liabilities	369,194	314,288
Total Current Liabilities	768,768	898,297
Other Liabilities:
Long-term debt	1,632,186	1,066,855
Deferred gains	37,344	39,816
Retirement liabilities	228,936	243,407
Other liabilities	242,398	137,475
Total Other Liabilities	2,140,864	1,487,553
Commitments and Contingencies (Note 18)
Shareholders’ Equity:
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of December 31, 2017 and 2016; and outstanding 78,947,381 and 79,213,037 shares as of December 31, 2017 and 2016	14,470	14,470
Capital in excess of par value	162,827	152,481
Retained earnings	3,870,621	3,818,535
Accumulated other comprehensive loss:
Cumulative translation adjustments	(297,416)	(352,025)
Accumulated (losses) gains on derivatives qualifying as hedges	(10,332)	7,604
Pension and postretirement liability adjustment	(329,734)	(335,674)
Treasury stock, at cost - 36,910,809 and 36,645,153 shares as of December 31, 2017 and 2016	(1,726,234)	(1,679,147)
Total Shareholders’ Equity	1,684,202	1,626,244
Noncontrolling interest	5,092	4,890
Total Shareholders’ Equity including noncontrolling interest	1,689,294	1,631,134
Total Liabilities and Shareholders’ Equity	$ 4,598,926	$ 4,016,984