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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands
Total
Cumulative Preferred Stock - par $100, authorized 400,000 shares, none issued
Common Stock - par $1.00, authorized 450,000,000 shares at December 31, 2011, 2010 and 2009, issued 193,909,200 shares at December 31, 2011, 193,293,526 shares at December 31, 2010 and 191,797,600 shares at December 31, 2009
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Balance at beginning of period at Dec. 31, 2008   $ 0 $ 191,249 $ 631,859 $ 5,557,483 $ (87,697) $ (13,949)
Exercise of stock options     549 17,244      
Foreign currency translation gains (losses) 375,951         375,951  
Net income for the year 837,621 [1]       837,621    
Restricted stock transactions and other       2,473      
Retirement and postretirement benefit plan adjustments, net of income taxes (1,067)         (1,067)  
Cash dividends - $1.10 per share in 2011, $1.05 per share in 2010 and $1.00 per share in 2009         (190,788)    
Stock-based compensation       27,976      
Loss deferred on interest rate hedges, net of income taxes 0         0  
Sale of stock under employee stock purchase plans       957     1,604
Awarded restricted stock, net of forfeitures             0
Cancellation of performance-based restricted stock and forfeitures             (5,439)
Balance at end of period at Dec. 31, 2009 7,346,026 0 191,798 680,509 6,204,316 287,187 (17,784)
Exercise of stock options     1,496 54,887      
Foreign currency translation gains (losses) 165,940         165,940  
Net income for the year 798,081 [1]       798,081    
Restricted stock transactions and other       (9,688)      
Retirement and postretirement benefit plan adjustments, net of income taxes (3,699)         (3,699)  
Cash dividends - $1.10 per share in 2011, $1.05 per share in 2010 and $1.00 per share in 2009         (201,405)    
Stock-based compensation       40,842      
Loss deferred on interest rate hedges, net of income taxes 0         0  
Sale of stock under employee stock purchase plans       1,212     1,295
Awarded restricted stock, net of forfeitures             4,305
Cancellation of performance-based restricted stock and forfeitures             258
Balance at end of period at Dec. 31, 2010 8,199,550 0 193,294 767,762 6,800,992 449,428 (11,926)
Exercise of stock options     615 21,774      
Foreign currency translation gains (losses) (91,247)         (91,247)  
Net income for the year 872,702       872,702    
Restricted stock transactions and other       (15,119)      
Retirement and postretirement benefit plan adjustments, net of income taxes (30,909)         (30,909)  
Cash dividends - $1.10 per share in 2011, $1.05 per share in 2010 and $1.00 per share in 2009         (212,752)    
Stock-based compensation       42,492      
Loss deferred on interest rate hedges, net of income taxes (16,852)         (16,852)  
Sale of stock under employee stock purchase plans       1,065     870
Awarded restricted stock, net of forfeitures             6,208
Cancellation of performance-based restricted stock and forfeitures             0
Balance at end of period at Dec. 31, 2011 $ 8,778,397 $ 0 $ 193,909 $ 817,974 $ 7,460,942 $ 310,420 $ (4,848)
[1] Reclassified to conform to current presentation.