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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 169,651 $ 160,231
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 37,094 37,356
Deferred income taxes (13,786) 27,215
Gain on disposal of assets (1,525) (1,580)
Stock-based compensation 11,272 13,089
Pension settlement/curtailment 874 3,583
Changes in assets and liabilities:    
Trade receivables (58,035) (73,172)
Inventories (5,643) (14,098)
Accounts payable (36,253) (39,728)
Accruals for incentive compensation 2,019 (51,057)
Other current payables and accrued expenses 41,562 (46,760)
Other assets (21,248) (13,541)
Other liabilities 9,384 607
Net cash provided by operating activities 135,366 2,145
Cash flows from investing activities:    
Additions to property, plant and equipment (53,833) (45,699)
Purchase of insurance contracts (1,035) (1,371)
Maturity of net investment hedges 1,960 976
Proceeds from disposal of assets 124 399
Net cash used in investing activities (52,784) (45,695)
Cash flows from financing activities:    
Cash dividends paid to shareholders (50,206) (43,349)
Net change in revolving credit facility borrowings and overdrafts (26,034) 59,083
Proceeds from issuance of stock under stock-based compensation plans 5,400 13,155
Excess tax benefits on stock-based payments 6,513 5,075
Net cash (used in) provided by financing activities (64,327) 33,964
Effect of exchange rate changes on cash and cash equivalents (1,897) 1,685
Net change in cash and cash equivalents 16,358 (7,901)
Cash and cash equivalents at beginning of year 88,279 131,332
Cash and cash equivalents at end of period 104,637 123,431
Interest paid 23,149 27,178
Income taxes paid $ 29,729 $ 38,137