CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 323,992	$ 181,988
Receivables:
Trade	560,653	546,125
Allowance for doubtful accounts	(9,995)	(8,229)
Inventories	592,017	572,047
Prepaid expenses and other current assets	142,347	145,178
Total Current Assets	1,609,014	1,437,109
Property, plant and equipment, net	775,716	732,794
Goodwill	1,000,123	941,389
Other intangible assets, net	365,783	306,004
Deferred income taxes	138,636	166,323
Other assets	127,712	118,391
Total Assets	4,016,984	3,702,010
Current Liabilities:
Bank borrowings, overdrafts and current portion of long-term debt	258,516	132,349
Accounts payable	274,815	285,501
Dividends payable	50,678	44,824
Other current liabilities	314,288	262,482
Total Current Liabilities	898,297	725,156
Other Liabilities:
Long-term debt	1,066,855	935,373
Deferred gains	39,816	43,260
Retirement liabilities	243,407	242,383
Other liabilities	137,475	160,849
Total Other Liabilities	1,487,553	1,381,865
Commitments and Contingencies (Note 18)
Shareholders’ Equity:
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of December 31, 2016 and 2015; and outstanding 79,213,037 and 80,022,291 shares as of December 31, 2016 and 2015	14,470	14,470
Capital in excess of par value	152,481	140,802
Retained earnings	3,818,535	3,604,254
Accumulated other comprehensive loss:
Cumulative translation adjustments	(352,025)	(297,499)
Accumulated gains on derivatives qualifying as hedges	7,604	9,401
Pension and postretirement liability adjustment	(335,674)	(325,342)
Treasury stock, at cost - 36,645,153 and 35,835,899 shares as of December 31, 2016 and 2015	(1,679,147)	(1,555,769)
Total Shareholders’ Equity	1,626,244	1,590,317
Noncontrolling interest	4,890	4,672
Total Shareholders’ Equity including noncontrolling interest	1,631,134	1,594,989
Total Liabilities and Shareholders’ Equity	$ 4,016,984	$ 3,702,010