Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Provision for Taxes on Income

The provision for taxes on income for the years ended December 31 consists of the following:

	2014			2013			2012
Pretax income
Domestic	$	224,683		$	217,305		$	202,594
Foreign	114,437			87,264			84,480
Total pretax income	$	339,120		$	304,569		$	287,074
Current
Federal	$	40,600		$	32,691		$	57,424
State	6,889			2,207			5,891
Foreign	31,129			25,089			22,123
Total current	$	78,618		$	59,987		$	85,438
Deferred
Federal	$	29,078		$	33,937		$	13,552
State	5,067			4,080			6,303
Foreign	(3,841		)	(1,801		)	(1,534		)
Total deferred	$	30,304		$	36,216		$	18,321
Total taxes	$	108,922		$	96,203		$	103,759

Deferred Tax Liabilities/(Assets)

Deferred tax liabilities/(assets) are comprised of the following at December 31:

	2014			2013
Depreciation	$	129,832		$	117,752
Intangibles	197,990			161,707
Gross deferred tax liabilities	$	327,822		$	279,459
Retiree health benefits	$	(5,306	)	$	(7,468	)
Foreign loss carryforwards	(70,874		)	(83,033		)
U.S. Federal loss carryforwards	(11,102		)	(19,553		)
Capital loss carryforwards	—			(3,053		)
Employee benefits	(183,527		)	(120,551		)
Accrued liabilities and other	(103,225		)	(79,574		)
Gross deferred tax assets	$	(374,034	)	$	(313,232	)
Valuation allowance on deferred tax assets	$	63,231		$	60,856
Total deferred taxes, net	$	17,019		$	27,083

Reconciliation of U.S. Federal Statutory Tax Rate to Actual Consolidated Tax Expense

A reconciliation of the U.S. federal statutory tax rate to the actual consolidated tax expense is as follows:

	2014					2013					2012
Statutory tax rate	$	118,692		35.0	%	$	106,599		35.0	%	$	100,476		35.0	%
State income taxes, net of federal tax benefit	8,465			2.5		6,146			2.0	%	4,444			1.5	%
Valuation allowance	(2,992		)	(0.9	)	(747		)	(0.2	)%	5,201			1.8	%
Tax examinations including change in reserve for uncertain tax positions	(2,109		)	(0.6	)	(1,421		)	(0.5	)%	424			0.1	%
Adjustments to prior year deferred taxes	(3,720		)	(1.1	)	(672		)	(0.2	)%	(2,111		)	(0.7	)%
Foreign earnings taxed at other than U.S. rates	(9,621		)	(2.8	)	(6,639		)	(2.1	)%	(8,224		)	(2.9	)%
U.S. taxes on dividends from foreign subsidiaries	—			—		—			—	%	11,744			4.1	%
Effect of tax rate changes enacted during the year	81			—		(915		)	(0.3	)%	(1,399		)	(0.5	)%
Deduction related to qualified production activities	(4,003		)	(1.2	)	(3,819		)	(1.3	)%	(4,325		)	(1.5	)%
Other, net	4,129			1.2		(2,329		)	(0.8	)%	(2,471		)	(0.8	)%
Total taxes	$	108,922		32.1	%	$	96,203		31.6	%	$	103,759		36.1	%

Reconciliation of Gross Amounts of Unrecognized Tax Benefits

The following table sets forth the reconciliation of the gross amounts of unrecognized tax benefits at the beginning and ending of the periods indicated:

	2014			2013			2012
Gross Unrecognized Tax Benefits at January 1	$	28,800		$	31,300		$	32,800
Increases in prior years’ unrecognized tax benefits	6,800			1,100			4,300
Decreases in prior years’ unrecognized tax benefits	(5,500		)	(1,800		)	(4,200		)
Increases in current year's unrecognized tax benefits	4,600			4,100			4,300
Decreases in unrecognized tax benefits from the lapse of statutes of limitations	(5,900		)	(5,300		)	(4,700		)
Settlements	(2,800		)	(600		)	(1,200		)
Gross Unrecognized Tax Benefits at December 31	$	26,000		$	28,800		$	31,300