CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 200,227	$ 223,322
Non-controlling interests in subsidiaries’ earnings (loss)	(13)	(32)
Net income including non-controlling interests	200,214	223,290
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net gains (Note 6)	(1,408)	0
Bargain purchase gain (Note 4)	0	51,585
Depreciation and amortization	53,946	50,457
Equity earnings in affiliates, net	(1,427)	(216)
Deferred income taxes	4,444	3,129
Stock-based compensation	13,583	9,966
Pension expense and settlement charges (Note 12)	2,714	816
Other, net	(8,659)	(330)
Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable	(25,492)	(24,300)
Increase in inventories	(41,533)	(22,526)
(Increase) decrease in other current assets	(12,081)	515
Decrease in trade accounts payable	(17,523)	(8,932)
Increase in other current liabilities	58,397	61,332
Net change in other assets and liabilities	4,602	3,738
NET CASH PROVIDED BY OPERATING ACTIVITIES	229,777	245,354
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(48,746)	(38,959)
Payments to Acquire Businesses, Net of Cash Acquired	6,591	(72,468)
Proceeds from sale of property, plant and equipment	10,585	1,994
Purchase of marketable securities	(268,335)	(145,553)
Proceeds from marketable securities	348,178	5,190
NET CASH PROVIDED BY (USED BY) INVESTING ACTIVITIES	48,273	(249,796)
CASH FLOWS FROM FINANCING ACTIVITIES
Amounts due banks, net	(639)	(602)
Proceeds from Issuance of Long-term Debt	0	34
Payments on long-term borrowings	(7)	(37)
Proceeds from exercise of stock options	4,448	14,333
Purchase of shares for treasury (Note 7)	(121,477)	(23,012)
Cash dividends paid to shareholders	(76,674)	(69,083)
Other financing activities	(2,170)	(15,561)
NET CASH USED BY FINANCING ACTIVITIES	(196,519)	(93,928)
Effect of exchange rate changes on Cash and cash equivalents	(10,032)	18,644
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	71,499	(79,726)
Cash and cash equivalents at beginning of period	326,701	379,179
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 398,200	$ 299,453