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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Earnings Before Income Taxes


(DOLLARS IN THOUSANDS)	2011			2010			2009
U.S. loss before taxes	$	(5,854	)	$	(82,112	)	$	(80,345	)
Foreign income before taxes		379,400			441,705			356,894

Total income before taxes	$	373,546		$	359,593		$	276,549

Schedule Of Income Tax Provision


(DOLLARS IN THOUSANDS)	2011		2010			2009
Current
Federal	$	2,386	$	5,379		$	3,829
State and local		15		507			413
Foreign		78,922		103,451			94,135

		81,323		109,337			98,377

Deferred
Federal		11,088		(22,423	)		(14,181	)
State and local		5,996		2,868			7,209
Foreign		8,273		6,254			(10,382	)

		25,357		(13,301	)		(17,354	)

Total income taxes	$	106,680	$	96,036		$	81,023

Schedule Of Reconciliation Between U.S. Federal Statutory Income Tax Rate To Actual Effective Tax Rate


	2011			2010			2009
Statutory tax rate		35.0	%		35.0	%		35.0	%
Difference in effective tax rate on foreign earnings and remittances		(10.0	)		(9.5	)		(11.6	)
Unrecognized tax benefit, net of reversals		1.8			1.4			3.2
State and local taxes		1.5			0.8			2.2
Other, net		0.3			(1.0	)		0.5	⁽¹⁾

Effective tax rate		28.6	%		26.7	%		29.3	%

(1)	The 2009 results include $6 million of tax expense due to the recognition of out-of-period tax adjustments arising from periods 2006 and prior.

Schedule Of Deferred Tax Assets And Liabilities


	December 31,
(DOLLARS IN THOUSANDS)	2011			2010
ASSETS
Employee and retiree benefits	$	132,210		$	126,009
Credit and net operating loss carryforwards		210,886			190,690
Property, plant and equipment, net		5,015			4,152
Trademarks and other		87,911			96,373
Amortizable R&D expenses		23,571			22,278
Other, net		18,729			27,690

Gross deferred tax assets		478,322			467,192
Valuation allowance		(290,879	)		(288,182	)

Total net deferred tax assets	$	187,443		$	179,010

Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits


(DOLLARS IN THOUSANDS)	2011			2010			2009
Balance of unrecognized tax benefits at beginning of year	$	63,928		$	64,673		$	57,616
Gross amount of increases in unrecognized tax benefits as a result of positions taken during a prior year		118			2			—
Gross amount of decreases in unrecognized tax benefits as a result of positions taken during a prior year		(50	)		—			(26	)
Gross amount of increases in unrecognized tax benefits as a result of positions taken during the current year		8,300			4,706			8,827
The amounts of decreases in unrecognized benefits relating to settlements with taxing authorities		(2,960	)		(4,945	)		(509	)
Reduction in unrecognized tax benefits due to the lapse of applicable statute of limitation		(1,721	)		(508	)		(1,235	)

Balance of unrecognized tax benefits at end of year	$	67,615		$	63,928		$	64,673

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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