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Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income $ 100,216 $ 68,316
Adjustments to reconcile net income to net operating cash:    
Depreciation 37,884 37,332
Amortization of intangible assets 6,599 6,394
Stock-based compensation expense 10,768 11,093
Provisions for qualified exit costs 53 375
Provisions for environmental-related matters 5,105 5,352
Defined benefit pension plans net cost 4,928 3,945
Net increase in postretirement liability 900 900
Other (3,318) (1,381)
Change in working capital accounts - net (301,361) (276,747)
Costs incurred for environmental-related matters (10,289) (4,913)
Costs incurred for qualified exit costs (1,097) (1,422)
Other (5,227) (2,410)
Net operating cash (154,839) (153,166)
INVESTING ACTIVITIES    
Capital expenditures (32,783) (26,951)
Proceeds from sale of assets 3,580 6,225
Decrease (increase) in other investments 3,162 (8,274)
Net investing cash (26,041) (29,000)
FINANCING ACTIVITIES    
Net increase in short-term borrowings 328,827 280,455
Proceeds from long-term debt 2,921 6,715
Payments of long-term debt (5,253) (4,302)
Payments of cash dividends (40,363) (39,004)
Proceeds from stock options exercised 66,885 23,446
Income tax effect of stock-based compensation exercises and vesting 20,266 4,931
Treasury stock purchased (180,794) (90,817)
Other (16,694) (80)
Net financing cash 175,795 181,344
Effect of exchange rate changes on cash (2,118) (3,816)
Net decrease in cash and cash equivalents (7,203) (4,638)
Cash and cash equivalents at beginning of year 32,696 58,585
Cash and cash equivalents at end of period 25,493 53,947
Income Taxes paid 78,559 21,424
Interest paid $ 8,978 $ 9,401