Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes (Tables) [Abstract]

Schedule of income before income taxes by jurisdiction

		2015		2014		2013
Germany	$	134.193	$	243.684	$	234.336
United States		1.440.040		1.262.570		1.254.690
Other		361.039		337.152		358.609
	$	1.935.272	$	1.843.406	$	1.847.635

Schedule of income tax benefit from continuing operations by jurisdiction

			2015		2014		2013
Current:
	Germany	$	72.231	$	72.613	$	81.117
	United States		458.780		270.676		387.017
	Other		138.588		141.291		116.186
			669.599		484.580		584.320
Deferred:
	Germany		(45.813)		(22.651)		(33.106)
	United States		(12.693)		152.423		47.298
	Other		11.030		(30.754)		(6.500)
			(47.476)		99.018		7.692
		$	622.123	$	583.598	$	592.012

Schedule of income tax expense reconciliation

	2015		2014		2013
Expected corporate income tax expense	$	573.228	$	538.275	$	538.770
Tax-free income		(35.715)		(44.658)		(68.558)
Income from equity method investees		(14.272)		(5.476)		(4.869)
Tax rate differentials		126.263		148.294		132.977
Nondeductible expenses		36.406		25.161		20.564
Taxes for prior years		19.969		(25.247)		(6.389)
Change in valuation allowance		(2.571)		6.284		3.154
Noncontrolling partnership interests		(109.470)		(81.594)		(55.023)
Tax on divestitures		14.953		-		-
Other		13.332		22.559		31.386
Actual income tax expense	$	622.123	$	583.598	$	592.012
Effective tax rate		32,1%		31,7%		32,0%

Schedule of components of deferred tax assets

		2015		2014
Deferred tax assets:
Accounts receivable	$	8.850	$	7.007
Inventories		11.503		9.424
Intangible assets		7.967		6.876
Property, plant and equipment and other non-current assets		28.476		22.268
Accrued expenses and other liabilities		372.365		285.333
Pension liabilities		151.732		170.659
Net operating loss carryforwards, tax credit carryforwards and interest carryforwards		131.640		138.934
Derivatives		1.317		10.912
Stock-based compensation		3.173		11.934
Other		4.018		12.407
Total deferred tax assets	$	721.041	$	675.754
Less: valuation allowance		(34.654)		(49.479)
Net deferred tax assets	$	686.387	$	626.275
Deferred tax liabilities:
Accounts receivable	$	43.664	$	40.453
Inventories		8.318		10.316
Intangible assets		686.650		704.391
Property, plant and equipment and other non-current assets		129.835		163.286
Accrued expenses and other liabilities		5.575		10.368
Derivatives		5.488		4.177
Other		242.524		146.274
Total deferred tax liabilities		1.122.054		1.079.265
Net deferred tax assets (liabilities)	$	(435.667)	$	(452.990)

Summary of operating loss carryforwards

2016	$	16.775
2017		16.411
2018		22.130
2019		27.396
2020		17.430
2021		5.187
2022		8.585
2023		4.144
2024		18.243
2025 and thereafter		4.819
Without expiration date		81.370
Total	$	222.490

Summary of income tax contingencies

Unrecognized tax benefits (excluding interest)		2015		2014		2013
Balance at January 1,	$	166.108	$	199.924	$	225.198
Increases in unrecognized tax benefits prior periods		30.973		35.584		25.260
Decreases in unrecognized tax benefits prior periods		(20.244)		(21.143)		(11.445)
Increases in unrecognized tax benefits current period		-		12.600		10.062
Changes related to settlements with tax authorities		(6.762)		(60.872)		(52.325)
Reductions as a result of a lapse of the statute of limitations		(1.300)		-		-
Foreign currency translation		(19.486)		15		3.174
Balance at December 31,	$	149.289	$	166.108	$	199.924