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Equity Incentive Program (Tables)
9 Months Ended
Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-based incentive plans compensation expense
Stock-based compensation is reported within selling and administrative expenses in the accompanying unaudited Condensed Consolidated Statements of Earnings. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Pre-tax stock-based compensation expense
$
3,431

 
$
6,674

 
$
17,791

 
$
25,525

Tax benefit
(1,192
)
 
(2,368
)
 
(6,272
)
 
(9,049
)
Total stock-based compensation expense, net of tax
$
2,239

 
$
4,306

 
$
11,519

 
$
16,476


Stock Appreciation Rights (SARs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Valuation assumptions
 
SARs
 
2016
 
2015
Risk-free interest rate
1.05
%
 
1.51
%
Dividend yield
3.09
%
 
2.24
%
Expected life (years)
4.6

 
5.1

Volatility
26.17
%
 
27.19
%
 
 
 
 
Grant price
$
57.25

 
$
73.28

Fair value per share at date of grant
$
9.25

 
$
14.55



Performance Shares [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Valuation assumptions
 
Performance shares
 
2016
 
2015
Fair value per share at date of grant
$
57.25

 
$
73.28

Average attainment rate reflected in expense
20.38
%
 
31.78
%