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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Earnings before Income Taxes
Earnings before income taxes consisted of the following: 
 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
U.S. (loss) income before taxes
$
(99,125
)
 
$
(24
)
 
$
9,078

Foreign income before taxes
546,882

 
537,069

 
514,639

Total income before taxes
$
447,757

 
$
537,045

 
$
523,717
Schedule of Income Tax Provision
The income tax provision consisted of the following: 
 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
Current tax provision
 
 
 
 
 
Federal
$
(11,568
)
 
$
68,886

 
$
(2,920
)
State and local
1,709

 
137

 
1,383

Foreign
98,433

 
113,468

 
105,873

 
88,574

 
182,491

 
104,336

Deferred tax provision
 
 
 
 
 
Federal
(8,287
)
 
74,446

 
8,838

State and local
(7,092
)
 
(11,537
)
 
(631
)
Foreign
34,781

 
(4,020
)
 
6,143

 
19,402

 
58,889

 
14,350

Total income taxes
$
107,976

 
$
241,380

 
$
118,686
Schedule of Reconciliation between U.S. Federal Statutory Income Tax Rate to Actual Effective Tax Rate
Reconciliation between the U.S. federal statutory income tax rate to the actual effective tax rate was as follows: 
 
December 31,
 
2018
 
2017
 
2016
Statutory tax rate
21.0
 %
 
35.0
 %
 
35.0
 %
Difference in effective tax rate on foreign earnings and remittances
(6.1
)
 
(12.6
)
 
(12.6
)
Tax benefit from supply chain optimization
(3.0
)
 
(2.3
)
 
(0.7
)
Unrecognized tax benefit, net of reversals
2.9

 
2.3

 
0.6

U.S. tax reform
(1.8
)
 
26.5

 
—

Deferred taxes on deemed repatriation
10.1

 
0.3

 
1.1

Global intangible low-taxed income (GILTI)
1.8

 
—

 
—

Acquisition costs
1.3

 
—

 
—

Release of valuation allowance on state deferred
(1.5
)
 
(1.7
)
 
—

State and local taxes
0.6

 
0.1

 
0.1

Other, net
(1.2
)
 
(2.7
)
 
(0.8
)
Effective tax rate
24.1
 %
 
44.9
 %
 
22.7
 %
Schedule of Deferred Tax Assets and Liabilities
The deferred tax assets consisted of the following amounts: 
 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
Employee and retiree benefits
$
80,382

 
$
87,400

Credit and net operating loss carryforwards(a)
225,152

 
218,933

Intangible assets
12,489

 
13,622

Gain on foreign currency translation
—

 
10,885

Interest limitation
19,380

 
1,120

Inventory
13,308

 
4,428

Other, net
18,009

 
7,103

Gross deferred tax assets
368,720

 
343,491

 
 
 
 
Property, plant and equipment, net
(22,511
)
 
(11,745
)
Intangible assets
(616,333
)
 
(73,979
)
Loss on foreign currency translation
(7,717
)
 
—

Deferred taxes on deemed repatriation
(88,759
)
 
(1,610
)
Gross deferred tax liabilities
(735,320
)
 
(87,334
)
Valuation allowance(a)
(200,280
)
 
(207,483
)
Total net deferred tax (liabilities)/assets
$
(566,880
)
 
$
48,674

_______________________ 
(a)
During 2018 and 2017, the Company increased its deferred tax assets by $5.9 million and by $58.8 million, respectively, relating to an adjustment to the 2017 and 2016 foreign net operating loss carryforwards, respectively. The entire adjustments of $5.9 million and $58.8 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)
2018
 
2017
 
2016
Balance of unrecognized tax benefits at beginning of year
$
38,162

 
$
26,428

 
$
24,198

Gross amount of increases in unrecognized tax benefits as a result of positions taken during a prior year
9,751

 
1,169

 
1,254

Gross amount of decreases in unrecognized tax benefits as a result of positions taken during a prior year
(5,362
)
 
(268
)
 
(3
)
Gross amount of increases in unrecognized tax benefits as a result of positions taken during the current year
14,677

 
13,191

 
8,131

The amounts of decreases in unrecognized benefits relating to settlements with taxing authorities
(4,550
)
 
—

 
(6,075
)
Reduction in unrecognized tax benefits due to the lapse of applicable statute of limitation
(1,725
)
 
(2,358
)
 
(1,077
)
Balance of unrecognized tax benefits at end of year
$
50,953

 
$
38,162

 
$
26,428