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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 179,474 $ 205,456
Non-controlling interests in subsidiaries’ loss (929) (1,834)
Net income including non-controlling interests 178,545 203,622
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment charges 29,447 5,049
Depreciation and amortization 53,017 51,881
Equity earnings in affiliates, net (1,901) (1,313)
Deferred income taxes 6,155 21,023
Stock-based compensation 6,268 7,511
Pension expense 9,634 22,261
Pension contributions and payments (34,643) (84,417)
Foreign Currency Loss (Gain) 19,968 (3,852)
Other, net (2,350) 5,075
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (22,388) (17,982)
Increase in inventories (11,153) (9,889)
(Increase) decrease in other current assets (27,963) 10,860
Decrease in trade accounts payable (11,534) (32,703)
Increase in other current liabilities 81,262 64,767
Net change in other long-term assets and liabilities (4,311) 198
NET CASH PROVIDED BY OPERATING ACTIVITIES 268,053 242,091
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (55,430) (59,691)
Acquisition of businesses, net of cash acquired (892) (4,936)
Proceeds from sale of property, plant and equipment 17,046 796
Other Investing Activities 778 (4,217)
NET CASH USED BY INVESTING ACTIVITIES (38,498) (68,048)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 8,135 788
Payments on short-term borrowings (11,463) (1,732)
Amounts due banks, net 75,958 (1,110)
Proceeds from Issuance of Long-term Debt 57 0
Payments on long-term borrowings (1,573) (297)
Proceeds from exercise of stock options 5,945 16,077
Excess tax benefits from stock-based compensation 3,361 6,973
Purchase of shares for treasury (249,403) (113,641)
Cash dividends paid to shareholders (55,395) (32,987)
Transactions with Noncontrolling Interests (2,330) (2,809)
NET CASH USED BY FINANCING ACTIVITIES (226,708) (128,738)
Effect of exchange rate changes on Cash and cash equivalents (23,149) (1,460)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (20,302) 43,845
Cash and cash equivalents at beginning of period 299,825 286,464
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 279,523 $ 330,309