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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule Of Earnings From Continuing Operations Before Income Taxes
Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions):
 
2017
 
2016
 
2015
United States
$
927.2

 
$
647.7

 
$
505.5

International
2,011.6

 
1,963.6

 
1,533.9

Total
$
2,938.8

 
$
2,611.3

 
$
2,039.4
Schedule Of Provision For Income Taxes
The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions):
 
2017
 
2016
 
2015
Current:
 
 
 
 
 
Federal U.S.
$
448.3

 
$
237.2

 
$
213.4

Non-U.S.
457.2

 
542.9

 
273.0

State and local
(9.6
)
 
61.7

 
(9.5
)
Deferred:
 
 
 
 
 
Federal U.S.
(424.7
)
 
(237.5
)
 
(83.8
)
Non-U.S.
(61.5
)
 
(104.2
)
 
(121.5
)
State and local
59.3

 
(42.2
)
 
21.1

Income tax provision
$
469.0

 
$
457.9

 
$
292.7
Schedule Of Deferred Income Tax
Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions):
 
2017
 
2016
Deferred tax assets:
 
 
 
Allowance for doubtful accounts
$
18.6

 
$
22.4

Inventories
95.9

 
102.8

Pension and postretirement benefits
250.6

 
392.4

Environmental and regulatory compliance
26.8

 
29.9

Other accruals and prepayments
345.8

 
211.1

Stock-based compensation expense
63.9

 
89.3

Tax credit and loss carryforwards
673.4

 
1,095.9

Valuation allowances
(324.6
)
 
(306.5
)
Total deferred tax asset
1,150.4

 
1,637.3

Deferred tax liabilities:
 
 
 
Property, plant and equipment
(63.4
)
 
(41.4
)
Insurance, including self-insurance
(696.2
)
 
(786.4
)
Basis difference in LYONs
(12.9
)
 
(13.1
)
Goodwill and other intangibles
(2,711.2
)
 
(3,645.3
)
Unrealized gains on marketable securities
—

 
(2.9
)
Total deferred tax liability
(3,483.7
)
 
(4,489.1
)
Net deferred tax liability
$
(2,333.3
)
 
$
(2,851.8
)
Reconciliation Of The Statutory Federal Income Tax Rate To The Effective Tax Rate
The effective income tax rate from continuing operations for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows:
 
Percentage of Pretax Earnings
 
2017
 
2016
 
2015
Statutory federal income tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Increase (decrease) in tax rate resulting from:
 
 
 
 
 
State income taxes (net of federal income tax benefit)
0.8
 %
 
0.6
 %
 
0.7
 %
Foreign income taxed at lower rate than U.S. statutory rate
(11.6
)%
 
(10.2
)%
 
(17.1
)%
Resolution and expiration of statutes of limitation of uncertain tax positions
(6.5
)%
 
(3.1
)%
 
(0.7
)%
Permanent foreign exchange losses
(0.6
)%
 
(8.2
)%
 
(4.6
)%
Research credits, uncertain tax positions and other
(1.0
)%
 
3.4
 %
 
1.1
 %
Revaluation of U.S. deferred income taxes
(41.5
)%
 
—
 %
 
—
 %
TCJA - Transition Tax
41.4
 %
 
—
 %
 
—
 %
Effective income tax rate
16.0
 %
 
17.5
 %
 
14.4
 %
Reconciliation Of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties related to both continuing and discontinued operations, is as follows ($ in millions):
 
2017
 
2016
 
2015
Unrecognized tax benefits, beginning of year
$
992.2

 
$
990.2

 
$
728.5

Additions based on tax positions related to the current year
53.0

 
80.0

 
73.3

Additions for tax positions of prior years
39.8

 
154.3

 
135.3

Reductions for tax positions of prior years
(14.5
)
 
(7.0
)
 
(10.0
)
Acquisitions, divestitures and other
13.4

 
(41.5
)
 
140.6

Lapse of statute of limitations
(246.7
)
 
(124.0
)
 
(26.3
)
Settlements
(124.8
)
 
(45.3
)
 
(18.9
)
Effect of foreign currency translation
24.4

 
(14.5
)
 
(32.3
)
Unrecognized tax benefits, end of year
$
736.8

 
$
992.2

 
$
990.2