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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 66,806 $ 64,243
Non-controlling interests in subsidiaries’ earnings (loss) 37 (94)
Net income including non-controlling interests 66,843 64,149
Adjustments to reconcile Net income including non-controlling interests to Net cash (used) provided by operating activities:    
Rationalization and asset impairment charges 114 0
Depreciation and amortization 17,397 15,579
Equity (earnings) loss in affiliates, net (436) 443
Deferred income taxes 13,237 5,385
Stock-based compensation 2,468 2,230
Amortization of terminated interest rate swaps 0 (430)
Pension expense 7,615 8,495
Pension contributions and payments (55,321) (19,693)
Other, net (1,360) 402
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (66,585) (29,752)
Increase in inventories (16,334) (14,462)
Decrease (increase) in other current assets 3,654 (3,859)
Increase in trade accounts payable 8,268 23,341
Increase in other current liabilities 528 22,934
Net change in other long-term assets and liabilities (236) 4,402
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES (20,148) 79,164
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (15,138) (12,567)
Acquisition of businesses, net of cash acquired (549) (21,896)
Proceeds from sale of property, plant and equipment 105 210
NET CASH USED BY INVESTING ACTIVITIES (15,582) (34,253)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 390 1,279
Payments on short-term borrowings (1,455) (319)
Amounts due banks, net (280) (2,841)
Proceeds from long-term borrowings 0 914
Payments on long-term borrowings (147) (83,031)
Proceeds from exercise of stock options 9,658 7,440
Excess tax benefits from stock-based compensation 3,989 2,983
Purchase of shares for treasury (12,780) (20,098)
Cash dividends paid to shareholders 0 (14,186)
NET CASH USED BY FINANCING ACTIVITIES (625) (107,859)
Effect of exchange rate changes on Cash and cash equivalents (1,654) 2,685
DECREASE IN CASH AND CASH EQUIVALENTS (38,009) (60,263)
Cash and cash equivalents at beginning of period 286,464 361,101
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 248,455 $ 300,838