Income Taxes	3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate for the first quarter of 2017 was 26.9% compared with 24.7% in the first quarter of 2016 and 25.7% for the full year 2016. The increase in the first quarter of 2017 effective tax rate from the full year 2016 rate is primarily due to the expiration of certain tax holidays and the decrease in the excess tax benefit on stock awards, partially offset by the increase in the projected change in the mix of earnings attributable to lower-taxing jurisdictions. The Aerospace and Industrial segments were previously awarded international tax holidays. All significant tax holidays for which the Company currently receives benefit are expected to expire in the fourth quarter of 2017.

Income Taxes

3 Months Ended

Mar. 31, 2017

The Company's effective tax rate for the first quarter of 2017 was 26.9% compared with 24.7% in the first quarter of 2016 and 25.7% for the full year 2016. The increase in the first quarter of 2017 effective tax rate from the full year 2016 rate is primarily due to the expiration of certain tax holidays and the decrease in the excess tax benefit on stock awards, partially offset by the increase in the projected change in the mix of earnings attributable to lower-taxing jurisdictions.

The Aerospace and Industrial segments were previously awarded international tax holidays. All significant tax holidays for which the Company currently receives benefit are expected to expire in the fourth quarter of 2017.