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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 721,317 $ 715,589 $ 1,431,933 $ 1,429,860
Cost of goods sold 419,774 431,166 844,991 847,977
Research and development expenses 56,400 56,229 113,809 113,685
Selling and administrative expenses 112,835 106,224 218,249 212,843
Restructuring and other charges, net   3,985 1,668 4,013
Interest expense 10,613 12,009 21,423 23,689
Other (income) expense, net (845) 1,055 (1,088) 7,111
Income before taxes 122,540 104,921 232,881 220,542
Taxes on income 33,944 28,733 63,230 60,311
Net income 88,596 76,188 169,651 160,231
Other comprehensive income, after tax:        
Foreign currency translation adjustments (52,707) 10,085 (24,058) 38,893
Gains (Losses) on derivatives qualifying as hedges 3,138 617 2,434 (1,431)
Pension and postretirement net liability adjustment 4,350 5,033 8,771 7,710
Other comprehensive income (45,219) 15,735 (12,853) 45,172
Total comprehensive income $ 43,377 $ 91,923 $ 156,798 $ 205,403
Net income per share - basic $ 1.09 $ 0.94 $ 2.08 $ 1.98
Net income per share - diluted $ 1.08 $ 0.93 $ 2.06 $ 1.96
Average number of shares outstanding - basic 81,095 80,451 80,938 80,250
Average number of shares outstanding - diluted 81,782 81,489 81,727 81,320
Dividends declared per share $ 0.31 $ 0.27 $ 0.62 $ 0.54