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Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 247,431 $ 214,309
Adjustments to reconcile net income to net operating cash:    
Depreciation 74,807 66,206
Amortization of intangible assets 13,127 13,206
Stock-based compensation expense 21,433 19,489
Provisions for qualified exit costs 936 72
Provisions for environmental-related matters 4,650 4,722
Defined benefit pension plans net cost 7,928 8,926
Net increase in postretirement liability 1,800 1,200
Other (4,859) 14,998
Change in working capital accounts - net (245,139) (67,855)
Costs incurred for environmental-related matters (8,180) (19,384)
Costs incurred for qualified exit costs (3,929) (7,918)
Other (1,839) (11,515)
Net operating cash 108,166 236,456
INVESTING ACTIVITIES    
Capital expenditures (68,929) (47,453)
Acquisitions of businesses, net of cash acquired (2,612) (49,061)
Proceeds from sale of assets 6,613 1,109
Increase in other investments (20,463) (59,045)
Net investing cash (85,391) (154,450)
FINANCING ACTIVITIES    
Net increase in short-term borrowings 168,465 180,725
Proceeds from long-term debt 30,625 1,329
Payments of long-term debt (33,430) (89,235)
Costs associated with repurchase of long-term debt   (22,192)
Payments of cash dividends (77,849) (78,783)
Proceeds from stock options exercised 38,183 62,475
Income tax effect of stock-based compensation exercises and vesting 8,030 12,104
Treasury stock purchased (132,734) (175,492)
Other 127 (4,966)
Net financing cash 1,417 (114,035)
Effect of exchange rate changes on cash (11,214) 11,101
Net increase (decrease) in cash and cash equivalents 12,978 (20,928)
Cash and cash equivalents at beginning of year 58,585 69,329
Cash and cash equivalents at end of period 71,563 48,401
Income taxes paid 42,952 24,377
Interest paid $ 11,944 $ 40,818