Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Pretax income for 2015, 2014 and 2013 was taxed in the following jurisdictions:

	2015		2014		2013
	(In thousands)
Domestic	$	285,399	$	275,334	$	233,530
Foreign	106,946		117,106		119,599
Total	$	392,345	$	392,440	$	353,129

Schedule of Components of Income Tax

The provision (benefit) for income taxes for 2015, 2014 and 2013, was as follows:

	2015			2014			2013
	(In thousands)
Current
U.S.	$	73,059		$	77,454		$	59,707
State and local	6,188			7,133			8,123
Foreign	30,630			37,060			33,240
Total current	109,877			121,647			101,070
Deferred
U.S.	7,125			(3,176		)	1,500
State and local	(1,017		)	(1,708		)	(55		)
Foreign	(6,447		)	(3,709		)	(4,601		)
Total deferred	(339		)	(8,593		)	(3,156		)
Total provision for income taxes	$	109,538		$	113,054		$	97,914

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2015 and 2014 were:

	2015			2014
	(In thousands)
Employee and retiree benefit plans	$	37,393		$	38,871
Depreciation and amortization	(185,321		)	(172,766		)
Inventories	12,615			11,229
Allowances and accruals	12,528			14,552
Interest rate exchange agreement	12,948			15,448
Other	2,800			4,626
Total	$	(107,037	)	$	(88,040	)

Schedule of Deferred Tax Assets (Liabilities) Recognized In Balance Sheets

The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2015 and 2014 were:

	2015			2014
	(In thousands)
Deferred tax asset — other current assets	$	—		$	39,305
Deferred tax asset — other noncurrent assets	3,446			3,080
Total deferred tax assets	3,446			42,385
Deferred tax liability — accrued expenses	—			(57		)
Noncurrent deferred tax liability — deferred income taxes	(110,483		)	(130,368		)
Total deferred tax liabilities	(110,483		)	(130,425		)
Net deferred tax liabilities	$	(107,037	)	$	(88,040	)

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to pretax income. The computed amount and the differences for 2015, 2014 and 2013 are as follows:

	2015			2014			2013
	(In thousands)
Pretax income	$	392,345		$	392,440		$	353,129
Provision for income taxes
Computed amount at statutory rate of 35%	$	137,321		$	137,354		$	123,595
State and local income tax (net of federal tax benefit)	5,033			4,875			4,382
Taxes on non-U.S. earnings-net of foreign tax credits	(11,663		)	(9,378		)	(9,683		)
Effect of flow-through entities	(8,358		)	(9,018		)	(7,267		)
U.S. business tax credits	(1,273		)	(1,680		)	(1,516		)
Domestic activities production deduction	(6,521		)	(7,489		)	(6,217		)
Deferred tax effect of foreign tax rate change	(2,636		)	—			—
Other	(2,365		)	(1,610		)	(5,380		)
Total provision for income taxes	$	109,538		$	113,054		$	97,914

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2015, 2014 and 2013 is as follows:

	2015			2014			2013
	(In thousands)
Beginning balance January 1	$	3,619		$	5,124		$	6,506
Gross increase due to non-U.S. acquisitions	3,772			—			—
Gross increases for tax positions of prior years	1,256			834			1,357
Gross decreases for tax positions of prior years	—			(51		)	(99		)
Settlements	(667		)	(2,057		)	(1,219		)
Lapse of statute of limitations	(752		)	(231		)	(1,421		)
Ending balance December 31	$	7,228		$	3,619		$	5,124