Other Financial Information

12 Months Ended

Dec. 31, 2014

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Other Financial Information

Note O – Other Financial Information

GAIN FROM FOREIGN CURRENCY TRANSACTIONS – Net gains from foreign currency transactions, including the effects of foreign currency contracts, included in the Consolidated Statements of Income were $40,596,000 in 2014, $73,732,000 in 2013 and$5,092,000 in 2012.

CASH FLOW DISCLOSURES – Cash income taxes paid were $573,799,000,  $457,006,000 and$566,999,000 in 2014, 2013 and 2012, respectively.  Interest paid, net of amounts capitalized, was$114,232,000,  $60,501,000 and$9,501,000 in 2014, 2013 and 2012, respectively.

Noncash operating working capital (increased) decreased during each of the three years ended December 31, 2014 as shown in the following table.

(Thousands of dollars)	2014		2013	2012
Accounts receivable	$	175,820	224,281	(382,137)
Inventories		25,697	14,166	(94,907)
Prepaid expenses		6,575	195,013	(245,881)
Deferred income tax assets		6,884	15,510	(7,218)
Accounts payable and accrued liabilities		(54,785)	(176,543)	534,353
Current income tax liabilities		(163,920)	(6,098)	27,610
Net (increase) decrease in noncash              operating working capital	$	(3,729)	266,329	(168,180)