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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands
Total
Cumulative Preferred Stock - par $100, authorized 400,000 shares, none issued
Common Stock - par $1.00, authorized 450,000,000 shares at December 31, 2012, 2011 and 2010, issued 194,616,470 shares at December 31, 2012, 193,909,200 shares at December 31, 2011 and 193,293,526 shares at December 31, 2010
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Balance at beginning of period at Dec. 31, 2009   $ 0 $ 191,798 $ 680,509 $ 6,204,316 $ 287,187 $ (17,784)
Exercise of stock options     1,496 54,887      
Foreign currency translation gains (losses), net of income taxes 165,940         165,940  
Purchase of treasury shares             0
Net income for the year 798,081 [1]       798,081    
Restricted stock transactions and other       (9,688)      
Retirement and postretirement benefit plan adjustments, net of income taxes (3,699)         (3,699)  
Cash dividends - $3.675 per share in 2012, $1.10 per share in 2011 and $1.05 per share in 2010         (201,405)    
Stock-based compensation       40,842      
Change in deferred loss on interest rate hedges, net of income taxes 0         0  
Sale of stock under employee stock purchase plans       1,212     1,295
Awarded restricted stock     0       4,563
Balance at end of period at Dec. 31, 2010 8,199,550 0 193,294 767,762 6,800,992 449,428 (11,926)
Exercise of stock options     615 21,774      
Foreign currency translation gains (losses), net of income taxes (91,247)         (91,247)  
Purchase of treasury shares             0
Net income for the year 872,702 [1]       872,702    
Restricted stock transactions and other       (15,119)      
Retirement and postretirement benefit plan adjustments, net of income taxes (30,909)         (30,909)  
Cash dividends - $3.675 per share in 2012, $1.10 per share in 2011 and $1.05 per share in 2010         (212,752)    
Stock-based compensation       42,492      
Change in deferred loss on interest rate hedges, net of income taxes (16,852)         (16,852)  
Sale of stock under employee stock purchase plans       1,065     870
Awarded restricted stock     0       6,208
Balance at end of period at Dec. 31, 2011 8,778,397 0 193,909 817,974 7,460,942 310,420 (4,848)
Exercise of stock options     483 12,717      
Foreign currency translation gains (losses), net of income taxes 117,331         117,331  
Purchase of treasury shares (250,000)           (250,000)
Net income for the year 970,876       970,876    
Restricted stock transactions and other       (5,257)      
Retirement and postretirement benefit plan adjustments, net of income taxes (17,650)         (17,650)  
Cash dividends - $3.675 per share in 2012, $1.10 per share in 2011 and $1.05 per share in 2010         (714,429)    
Stock-based compensation       46,584      
Change in deferred loss on interest rate hedges, net of income taxes (2,407)         (1,200)  
Sale of stock under employee stock purchase plans       1,916     2,043
Awarded restricted stock     224       0
Balance at end of period at Dec. 31, 2012 $ 8,942,035 $ 0 $ 194,616 $ 873,934 $ 7,717,389 $ 408,901 $ (252,805)
[1] Reclassified to conform to current presentation.