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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income attributable to common shareholders $ 108,381 $ 112,665
Noncontrolling interests in subsidiaries' earnings 400 691
Net income before allocation to noncontrolling interests 108,781 113,356
Restructuring - non-cash 954 0
Depreciation and amortization 39,933 25,724
Stock-based compensation expense 10,589 10,386
Defined benefit plans and postretirement (benefit) expense (5,850) 2,359
Deferred income taxes 10,642 9,647
Cash used for working capital (54,426) (114,085)
Defined benefit plans and postretirement contributions (13,018) (10,521)
Environmental payments, net of reimbursements (4,670) (5,475)
Payments for asbestos-related fees and costs, net of insurance recoveries (30,752) (28,940)
Other (16,909) 8,094
Total provided by operating activities 45,274 10,545
Investing activities:    
Capital expenditures (20,690) (12,039)
Proceeds from disposition of capital assets 1,065 287
Proceeds from divestitures 2,081 0
Proceeds from acquisition 6,100 0
Total used for investing activities (11,444) (11,752)
Equity:    
Dividends paid (35,293) (32,338)
Stock options exercised - net of shares reacquired 7,847 20,042
Excess tax benefit from stock-based compensation 7,465 4,922
Debt:    
Proceeds received from credit facility 28,000 12,905
Total provided by financing activities 8,019 5,531
Effect of exchange rates on cash and cash equivalents 1,700 (7,353)
Increase (Decrease) in cash and cash equivalents 43,549 (3,029)
Cash and cash equivalents at beginning of period 270,643 423,947
Cash and cash equivalents at end of period 314,192 420,918
Detail of cash used for working capital:    
Accounts receivable (26,273) (48,925)
Inventories (32,175) (13,074)
Other current assets (1,027) (10)
Accounts payable 5,069 (10,840)
Accrued liabilities (4,681) (31,689)
U.S. and foreign taxes on income 4,661 (9,547)
Total (54,426) (114,085)
Supplemental disclosure of cash flow information:    
Interest paid 19,761 13,640
Income taxes paid $ 26,880 $ 44,844