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Divestitures Divestitures- Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Income (loss) from discontinued operations (net of tax) $ 23,185 $ 11,030 $ (357,843) $ 19,074  
Goodwill 1,500,000   1,500,000   $ 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 211,347 211,877 637,889 617,163  
Cost of goods sold 100,061 118,712 333,832 368,381  
Operating expenses, net 70,604 66,280 203,052 187,536  
Interest and financing expenses [1] (9,864) (12,763) (29,912) (38,792)  
Other expense, net 134        
Other (income), net   (656) (1,636) (3,011)  
Income before income taxes 30,684 14,778 72,729 25,465  
Income tax expense [2] 7,499 3,748 430,572 6,391  
Income (loss) from discontinued operations (net of tax) 23,185 $ 11,030 (357,843) 19,074  
Current assets 255,577   255,577   237,447
Net property, plant and equipment 164,860   164,860   163,643
Goodwill 1,456,214   1,456,214   1,433,259
Other intangibles, net of amortization 1,328,799   1,328,799   1,349,179
All other noncurrent assets 25,143   25,143   25,374
Assets held for sale 3,230,593   3,230,593   3,208,902
Current liabilities 135,735   135,735   200,892
Deferred income taxes 355,368   355,368   351,465
All other noncurrent liabilities 111,319   111,319   112,742
Liabilities held for sale $ 602,422   602,422   $ 665,099
Depreciation and amortization     35,194 57,567  
Capital expenditures     $ 15,525 $ 11,521  
[1] Interest and financing expenses included 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 nine-month period ended September 30, 2016 included 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. In addition, Income tax expense for the three-month and nine-month periods ended September 30, 2016 included discrete non-cash benefits (charges) of $5.4 million and ($29.8) million, respectively, related to a change in the Company’s assertion over reinvestment of foreign undistributed earnings. The associated liability of $411.3 million has been recorded in Deferred income taxes on the condensed consolidated balance sheets as of September 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.