Recent Transactions (Tables)

12 Months Ended

Dec. 31, 2016

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

(millions of dollars, except per share amounts)	2015		2014
Net sales	$	8,977.7	$	9,487.4
Net earnings	$	652.0	$	653.9
Earnings per share:
Basic	$	2.91	$	2.88
Diluted	$	2.89	$	2.86

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(millions of dollars)
Receivables, net	$	222.8
Inventories, net	195.3
Property, plant and equipment, net	196.6
Goodwill	572.6
Other intangible assets	412.6
Other assets and liabilities	(207.8		)
Accounts payable and accrued expenses	(163.1		)
Total consideration, net of cash acquired	1,229.0
Less: Assumed retirement-related liabilities	31.1
Less: Assumed debt	10.9
Cash paid, net of cash acquired	$	1,187.0

(millions of dollars)
Receivables, net	$	52.4
Inventories, net	46.8
Property, plant and equipment, net	55.3
Goodwill	74.6
Other intangible assets	42.7
Other assets and liabilities	(47.4		)
Accounts payable and accrued expenses	(70.4		)
Total consideration, net of cash acquired	154.0
Less: Assumed retirement-related liabilities	3.2
Less: Assumed debt	40.3
Cash paid, net of cash acquired	$	110.5