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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Earnings before Income Taxes
Earnings before income taxes consisted of the following: 
 
December 31,
(DOLLARS IN THOUSANDS)
2017
 
2016
 
2015
U.S. income before taxes
$
(24
)
 
$
9,078

 
$
29,792

Foreign income before taxes
537,069

 
514,639

 
509,309

Total income before taxes
$
537,045

 
$
523,717

 
$
539,101
Schedule of Income Tax Provision
The income tax provision consisted of the following: 
 
December 31,
(DOLLARS IN THOUSANDS)
2017
 
2016
 
2015
Current tax provision
 
 
 
 
 
Federal
$
68,886

 
$
(2,920
)
 
$
7,648

State and local
137

 
1,383

 
199

Foreign
113,468

 
105,873

 
98,964

 
182,491

 
104,336

 
106,811

Deferred tax provision
 
 
 
 
 
Federal
74,446

 
8,838

 
14,379

State and local
(11,537
)
 
(631
)
 
399

Foreign
(4,020
)
 
6,143

 
(1,735
)
 
58,889

 
14,350

 
13,043

Total income taxes
$
241,380

 
$
118,686

 
$
119,854
Schedule of Reconciliation between U.S. Federal Statutory Income Tax Rate to Actual Effective Tax Rate
econciliation between the U.S. federal statutory income tax rate to the actual effective tax rate was as follows: 
 
December 31,
 
2017
 
2016
 
2015
Statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Difference in effective tax rate on foreign earnings and remittances
(11.8
)
 
(11.5
)
 
(10.7
)
Tax benefit from supply chain optimization
(2.3
)
 
(0.7
)
 
—

Unrecognized tax benefit, net of reversals
2.3

 
0.6

 
(0.8
)
U.S. tax reform
26.0

 
—

 
—

Spanish tax charges
—

 
—

 
(0.4
)
State and local taxes
(2.1
)
 
0.1

 
0.1

Other, net
(2.2
)
 
(0.8
)
 
(1.0
)
Effective tax rate
44.9
 %
 
22.7
 %
 
22.2
 %
Schedule of Deferred Tax Assets and Liabilities
The deferred tax assets consisted of the following amounts: 
 
December 31,
(DOLLARS IN THOUSANDS)
2017
 
2016
Employee and retiree benefits
$
87,400

 
$
132,638

Credit and net operating loss carryforwards(a)
218,933

 
186,062

Trademarks and other
11,469

 
1,406

Amortizable R&D expenses
1,502

 
4,040

Gain (loss) on foreign currency translation
10,885

 
(8,799
)
Other, net
11,692

 
6,016

Gross deferred tax assets
341,881

 
321,363

 
 
 
 
Property, plant and equipment, net
(11,745
)
 
(17,000
)
Trademarks and other
(73,979
)
 
(55,899
)
Gross deferred tax liabilities
(85,724
)
 
(72,899
)
Valuation allowance(a)
(207,483
)
 
(152,752
)
Total net deferred tax assets
$
48,674

 
$
95,712

_______________________ 
(a)
During 2017 and 2016, the Company increased its deferred tax assets by $58.8 million and by $7.6 million, respectively, relating to an adjustment to the 2016 and 2015 foreign net operating loss carryforwards, respectively. The entire adjustments of $58.8 million and $7.6 million were offset by corresponding adjustments in valuation allowances. These adjustments are not considered material to the previously issued financial statements.
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 
 
December 31,
(DOLLARS IN THOUSANDS)
2017
 
2016
 
2015
Balance of unrecognized tax benefits at beginning of year
$
26,428

 
$
24,198

 
$
23,055

Gross amount of increases in unrecognized tax benefits as a result of positions taken during a prior year
1,169

 
1,254

 
18

Gross amount of decreases in unrecognized tax benefits as a result of positions taken during a prior year
(268
)
 
(3
)
 
(43
)
Gross amount of increases in unrecognized tax benefits as a result of positions taken during the current year
13,191

 
8,131

 
12,011

The amounts of decreases in unrecognized benefits relating to settlements with taxing authorities
—

 
(6,075
)
 
(10,221
)
Reduction in unrecognized tax benefits due to the lapse of applicable statute of limitation
(2,358
)
 
(1,077
)
 
(622
)
Balance of unrecognized tax benefits at end of year
$
38,162

 
$
26,428

 
$
24,198