XML 67 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Net sales $ 2,952,896 $ 2,821,446 $ 2,788,018
Cost of goods sold 1,668,691 1,645,912 1,683,362
Research and development expenses 259,838 233,713 219,781
Selling and administrative expenses 505,877 453,535 443,974
Restructuring and other charges, net 2,151 1,668 13,172
Interest expense 46,767 41,753 44,639
Other (income) expense, net (15,638) 1,450 9,544
Total cost and expense 2,467,686 2,378,031 2,414,472
Income before taxes 485,210 443,415 373,546
Taxes on income 131,666 189,281 106,680
Net income 353,544 254,134 266,866
Other comprehensive income (loss):      
Foreign currency translation adjustments (10,556) 17,687 (36,581)
(Losses) gains on derivatives qualifying as hedges (3,794) (4,455) 8,420
Pension and postretirement liability adjustment 25,264 (41,548) (71,797)
Comprehensive income $ 364,458 $ 225,818 $ 166,908
Net income per share - basic (in dollars per share) $ 4.32 $ 3.11 $ 3.30
Net income per share - diluted (in dollars per share) $ 4.29 $ 3.09 $ 3.26