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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
May 31, 2012
May 31, 2011
May 31, 2010
Cash Flows From Operating Activities:      
Net income $ 233,763 $ 203,168 $ 181,127
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 51,939 52,385 61,823
Amortization 21,759 20,368 22,430
Net Loss Upon Deconsolidation of SPHC     7,946
Other-than-temporary impairments on marketable securities 1,604 693 260
Deferred income taxes (7,088) 7,708 32,485
Stock-based compensation expense 13,904 12,282 10,030
Other (6,590) (1,086) (1,768)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:      
Decrease (increase) in receivables 980 (70,440) (17,748)
Decrease (increase) in inventory 7,115 (71,523) (15,059)
Decrease (increase) in prepaid expenses and other current and long-term assets 17,857 (22,645) 2,230
Increase in accounts payable 13,635 55,896 19,638
Increase in accrued compensation and benefits 3,162 19,564 7,206
(Decrease) in accrued loss reserves (4,909) (8,198) (2,705)
Increase in other accrued liabilities 43,650 41,263 42,079
Payments made for asbestos-related claims     (92,621)
Other (95,909) (1,269) (53,417)
Cash From Operating Activities 294,872 238,166 203,936
Cash Flows From Investing Activities:      
Capital expenditures (71,615) (39,826) (23,241)
Acquisition of businesses, net of cash acquired (163,414) (38,972) (73,985)
Purchase of marketable securities (69,824) (92,060) (105,364)
Proceeds from sales of marketable securities 51,415 77,035 93,972
Proceeds from sales of assets and businesses 2,171 1,301 1,892
Decrease in cash due to deconsolidation of SPHC     (18,568)
Investment in unconsolidated affiliates (31,842) (9,315) (2,745)
Other 15,787 (4,103) 1,086
Cash (Used For) Investing Activities (267,322) (105,940) (126,953)
Cash Flows From Financing Activities:      
Additions to long-term and short-term debt 27,894 200,499 314,059
Reductions of long-term and short-term debt (36,128) (24,502) (319,642)
Cash dividends (112,153) (108,585) (105,430)
Repurchase of stock (6,985) (21,811) (2,283)
Exercise of stock options 9,931 12,116 14,667
Cash From (Used For) Financing Activities (117,441) 57,717 (98,629)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (29,152) 29,713 (16,386)
Net Change in Cash and Cash Equivalents (119,043) 219,656 (38,032)
Cash and Cash Equivalents at Beginning of Period 435,011 215,355 253,387
Cash and Cash Equivalents at End of Period 315,968 435,011 215,355
Cash paid during the year for:      
Interest 70,517 62,892 53,897
Income taxes 96,067 65,935 45,090
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Debt from business combinations $ 3,858   $ 2,991