Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes

Schedule of the components of income before income taxes and the provision for income taxes

	Year Ended December 31,
	2011			2010		2009
Income before income taxes:
United States	$	176,739		$	225,334	$	98,170
Foreign	540,013			438,354		348,357
	$	716,752		$	663,688	$	446,527
Current tax provision:
United States	$	44,769		$	77,590	$	38,621
Foreign	128,608			79,607		89,969
	$	173,377		$	157,197	$	128,590
Deferred tax provision (benefit):
United States	$	17,733		$	3,020	$	(2,295	)
Foreign	(3,200		)	1,058		(6,984		)
	14,533			4,078		(9,279		)
Total provision for income taxes	$	187,910		$	161,275	$	119,311

Schedule of differences between the U.S. statutory federal tax rate and the Company's effective income tax rate

	Year Ended December 31,
	2011		2010		2009
U.S. statutory federal tax rate	35.0	%	35.0	%	35.0	%
State and local taxes	.4		.8		.9
Foreign earnings and dividends taxed at different rates	(8.2	)	(11.5	)	(9.6	)
Valuation allowance	(.2	)	(1.0	)	1.0
Other	(.8	)	1.0		(.6	)
Effective tax rate	26.2	%	24.3	%	26.7	%

Schedule of deferred tax assets and liabilities, excluding the valuation allowance

	December 31,
	2011		2010
Deferred tax assets relating to:
Accrued liabilities and reserves	$	16,363	$	15,192
Operating loss and tax credit carryforwards	18,270		18,604
Pensions, net	48,105		38,184
Inventory reserves	17,173		17,426
Employee benefits	29,760		22,942
	$	129,671	$	112,348
Deferred tax liabilities relating to:
Goodwill	$	74,013	$	59,922
Depreciation	7,086		(2,637		)
Contingent consideration	6,591		—
	$	87,690	$	57,285

Schedule of reconciliation of gross amounts of unrecognized tax benefits excluding interest and penalties

	2011			2010			2009
Unrecognized tax benefits as of January 1	$	22,560		$	35,528		31,272
Gross increases and gross decreases for tax positions in prior periods	(64		)	2,036			4,576
Gross increases - current period tax position	2,278			2,968			6,027
Settlements	(451		)	(11,880		)	—
Lapse of statute of limitations	(4,108		)	(6,092		)	(6,347	)
Unrecognized tax benefits as of December 31	$	20,215		$	22,560		35,528