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Consolidated Statement Of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 907,548 $ 872,940 $ 2,758,492 $ 2,544,094
Cost of goods sold 506,882 492,542 1,553,300 1,427,630
Gross profit 400,666 380,398 1,205,192 1,116,464
Research and development expenses 75,302 73,762 228,545 218,649
Selling and administrative expenses 157,796 145,652 457,847 428,675
Amortization of acquisition-related intangibles 9,003 8,766 27,772 24,327
Restructuring and other charges, net 927 3,249 2,830 14,183
Gains on sales of fixed assets (1,630) (31) (435) (120)
Operating profit 159,268 149,000 488,633 430,750
Interest expense 23,914 19,221 93,755 49,584
Other income, net (4,158) (11,547) (25,389) (40,687)
Income before taxes 100,702 141,326 381,457 421,853
Taxes on income 4,986 31,065 57,176 86,033
Net income 95,716 110,261 324,281 335,820
Other comprehensive income, after tax:        
Foreign currency translation adjustments (27,587) 19,719 (98,048) 29,809
Gains (losses) on derivatives qualifying as hedges 2,421 (4,014) 12,347 (17,533)
Pension and postretirement net liability 2,559 3,845 8,078 11,168
Net current period other comprehensive income (loss) (22,607) 19,550 (77,623) 23,444
Total comprehensive income $ 73,109 $ 129,811 $ 246,658 $ 359,264
Net income per share - basic, in dollars per share $ 1.18 $ 1.39 $ 4.06 $ 4.24
Net income per share - diluted, in dollars per share $ 1.17 $ 1.39 $ 4.04 $ 4.22
Average number of shares outstanding - basic 81,263 79,063 79,783 79,072
Average number of shares outstanding - diluted 81,647 79,362 80,115 79,353
Dividends declared per share, in dollars per share $ 0.73 $ 0.69 $ 2.11 $ 1.97