Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Pretax income for 2016, 2015 and 2014 was taxed in the following jurisdictions:

	2016		2015		2014
	(In thousands)
U.S.	$	265,260	$	285,399	$	275,334
Foreign	103,252		106,946		117,106
Total	$	368,512	$	392,345	$	392,440

Schedule of Components of Income Tax

The provision (benefit) for income taxes for 2016, 2015 and 2014, was as follows:

	2016			2015			2014
	(In thousands)
Current
U.S.	$	67,668		$	73,059		$	77,454
State and local	4,503			6,188			7,133
Foreign	42,540			30,630			37,060
Total current	114,711			109,877			121,647
Deferred
U.S.	(6,249		)	7,125			(3,176		)
State and local	(331		)	(1,017		)	(1,708		)
Foreign	(10,728		)	(6,447		)	(3,709		)
Total deferred	(17,308		)	(339		)	(8,593		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2016 and 2015 were:

	2016			2015
	(In thousands)
Employee and retiree benefit plans	$	42,950		$	37,393
Capital loss carryforwards	18,668			—
Depreciation and amortization	(238,321		)	(185,321		)
Inventories	11,519			12,615
Allowances and accruals	9,338			12,528
Interest rate exchange agreement	10,442			12,948
Other	(90		)	2,800
Total gross deferred tax (liabilities)	(145,494		)	(107,037		)
Capital loss valuation allowance	(18,668		)	—
Total deferred tax (liabilities), net of valuation allowances	$	(164,162	)	$	(107,037	)

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, 2016 and 2015 were:

	2016			2015
	(In thousands)
Noncurrent deferred tax asset — Other noncurrent assets	$	2,265		$	3,446
Noncurrent deferred tax liabilities — Deferred income taxes	(166,427		)	(110,483		)
Net deferred tax liabilities	$	(164,162	)	$	(107,037	)

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 2016, 2015 and 2014 are as follows:

	2016			2015			2014
	(In thousands)
Pretax income	$	368,512		$	392,345		$	392,440
Provision for income taxes
Computed amount at statutory rate of 35%	$	128,979		$	137,321		$	137,354
State and local income tax (net of federal tax benefit)	4,070			5,033			4,875
Taxes on non-U.S. earnings-net of foreign tax credits	(6,666		)	(11,663		)	(9,378		)
Effect of flow-through entities	(8,735		)	(8,358		)	(9,018		)
U.S. business tax credits	(1,665		)	(1,273		)	(1,680		)
Domestic activities production deduction	(9,043		)	(6,521		)	(7,489		)
Deferred tax effect of foreign tax rate change	—			(2,636		)	—
Capital loss on divestitures	(23,444		)	—			—
Valuation allowance	17,973			—			—
Share-based payments	(6,520		)	—			—
Other	2,454			(2,365		)	(1,610		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2016, 2015 and 2014 is as follows:

	2016			2015			2014
	(In thousands)
Beginning balance January 1	$	7,228		$	3,619		$	5,124
Gross increase due to non-U.S. acquisitions	—			3,772			—
Gross increases for tax positions of prior years	201			1,256			834
Gross decreases for tax positions of prior years	(93		)	—			(51		)
Settlements	(2,014		)	(667		)	(2,057		)
Lapse of statute of limitations	(1,547		)	(752		)	(231		)
Ending balance December 31	$	3,775		$	7,228		$	3,619