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Divestitures Divestitures- Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
(Loss) income from discontinued operations (net of tax) $ (398,340) $ 10,122 $ (381,028) $ 8,024  
Goodwill 1,400,000   1,400,000   $ 1,500,000
Other intangibles, net of amortization 1,300,000   1,300,000   1,400,000
Chemetall Surface Treatment          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Net sales 218,355 213,195 426,542 405,286  
Cost of goods sold 120,448 124,660 233,771 249,669  
Operating expenses, net 69,595 64,448 132,448 121,256  
Interest and financing expenses [1] (9,911) (12,583) (20,048) (26,029)  
Other income, net (832) (906) (1,770) (2,335)  
Income before income taxes 19,233 12,410 42,045 10,667  
Income tax expense [2] 417,573 2,288 423,073 2,643  
(Loss) income from discontinued operations (net of tax) (398,340) $ 10,122 (381,028) 8,024  
Current assets 252,941   252,941   237,447
Net property, plant and equipment 161,846   161,846   163,643
Goodwill 1,441,460   1,441,460   1,433,259
Other intangibles, net of amortization 1,315,990   1,315,990   1,349,179
All other noncurrent assets 24,775   24,775   25,374
Assets held for sale 3,197,012 [3]   3,197,012 [3]   3,208,902
Current liabilities 145,269   145,269   200,892
Deferred income taxes 346,989   346,989   351,465
All other noncurrent liabilities 108,463   108,463   112,742
Liabilities held for sale $ 600,721   600,721   $ 665,099
Depreciation and amortization     35,194 37,307  
Capital expenditures     $ 10,371 $ 7,790  
[1] Interest and financing expenses includes the allocation of interest expense not directly attributable to other operations as well as interest expense related to debt to be assumed by the buyer. The allocation of interest expense to discontinued operations was based on the ratio of net assets held for sale to the sum of total net assets plus consolidated debt.
[2] Income tax expense for the three-month and six-month periods ended June 30, 2016 includes a discrete non-cash charge of $381.5 million due to a change in the Company’s assertion over book and tax basis differences related to a U.S. entity being sold, as well as a discrete non-cash charge of $35.2 million related to a change in the Company’s assertion over reinvestment of foreign undistributed earnings. The associated liability of $416.7 million has been recorded in Deferred tax liabilities on the condensed consolidated balance sheets as of June 30, 2016. Upon completion of the sale, the buyer will not assume these outside basis differences, thus the liability is ultimately the responsibility of the Company, and as such, this amount is not recorded as a Liability held for sale. The sale is expected to close in the fourth quarter of 2016, at which time, any difference between the sales price and the proportionate carrying value of the interests being sold would be recognized.
[3] Excludes approximately $3.0 million of Assets held for sale as of June 30, 2016 related to a small group of assets at an idled site.