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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 3,116,350 $ 3,023,189 $ 3,088,533
Cost of goods sold 1,717,280 1,671,590 1,726,383
Gross profit 1,399,070 1,351,599 1,362,150
Research and development expenses 254,263 246,101 253,640
Selling and administrative expenses 566,224 494,517 507,563
Restructuring and other charges, net (1,700) 7,594 1,298
Amortization of acquisition-related intangibles 23,763 15,040 7,328
Gain on sales of fixed assets (10,836) 0 0
Operating profit 567,356 588,347 592,321
Interest expense 52,989 46,062 46,067
Other (income) expense, net (9,350) 3,184 (2,807)
Income before taxes 523,717 539,101 549,061
Taxes on income 118,686 119,854 134,518
Net income 405,031 419,247 414,543
Other comprehensive income (loss):      
Foreign currency translation adjustments (54,526) (124,157) (69,064)
(Losses) gains on derivatives qualifying as hedges (1,797) (2,970) 16,383
Pension and postretirement liability adjustment (10,332) 54,117 (95,038)
Comprehensive income $ 338,376 $ 346,237 $ 266,824
Net income per share - basic (in dollars per share) $ 5.07 $ 5.19 $ 5.09
Net income per share - diluted (in dollars per share) $ 5.05 $ 5.16 $ 5.06