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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 708,955 $ 713,775 $ 2,140,888 $ 2,143,635
Cost of goods sold 407,431 435,400 1,252,422 1,283,377
Research and development expenses 57,658 53,637 171,467 167,322
Selling and administrative expenses 109,691 96,783 327,942 309,626
Restructuring and other charges, net   (645) 1,668 3,368
Interest expense 9,907 10,280 31,330 33,969
Other expense, net 2,424 5,846 1,333 12,957
Income before taxes 121,844 112,474 354,726 333,016
Taxes on income 105,481 30,233 168,710 90,544
Net income 16,363 82,241 186,016 242,472
Other comprehensive income, after tax:        
Foreign currency translation adjustments 26,228 (58,741) 2,169 (19,848)
Gains (losses) on derivatives qualifying as hedges (3,940) 5,403 (1,506) 3,972
Pension and postretirement net liability adjustment 4,178 2,670 12,949 10,380
Other comprehensive income 26,466 (50,668) 13,612 (5,496)
Total comprehensive income $ 42,829 $ 31,573 $ 199,628 $ 236,976
Net income per share - basic $ 0.20 $ 1.01 $ 2.28 $ 3.00
Net income per share - diluted $ 0.20 $ 1.00 $ 2.26 $ 2.96
Average number of shares outstanding - basic 81,246 80,644 81,241 80,381
Average number of shares outstanding - diluted 81,898 81,628 81,984 81,422
Dividends declared per share $ 0.34 $ 0.31 $ 0.96 $ 0.85