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Divestitures - Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
[1]
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Income (loss) from discontinued operations (net of tax) $ 559,974 $ 23,185 $ (398,340) $ 17,312 $ 13,402 $ 11,030 $ 10,148 $ (2,104) $ 202,131 $ 32,476 $ (69,531)
Goodwill         1,500,000         1,500,000  
Other intangibles, net of amortization         1,400,000         1,400,000  
Chemetall Surface Treatment                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net sales                 813,285 824,906  
Cost of goods sold                 416,934 488,267  
Operating expenses, net(a) [2]                 268,402 239,316  
Interest and financing expenses [3]                 38,227 51,072  
Gain on sale of discontinued operations                 (2,485) (4,214)  
Gain on sale of discontinued operations                 (387,980) 0  
Income (loss) before income taxes                 480,187 50,465  
Income tax expense (benefit)                 278,056 [4] 17,989  
Income (loss) from discontinued operations (net of tax)                 202,131 32,476  
Current assets         237,447         237,447  
Net property, plant and equipment         163,643         163,643  
Goodwill         1,433,259         1,433,259  
Other intangibles, net of amortization         1,349,179         1,349,179  
All other noncurrent assets         25,374         25,374  
Assets held for sale         3,208,902         3,208,902  
Current liabilities         200,892         200,892  
Deferred income taxes         351,465         351,465  
All other noncurrent liabilities         112,742         112,742  
Liabilities held for sale         $ 665,099         665,099  
Depreciation and amortization                 35,194 78,903  
Capital expenditures                 $ 19,281 $ 23,738  
Antioxidant, Ibuprofen and Propofol Assets                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Net sales                     154,273
Income (loss) before income taxes                     (90,439)
Income tax expense (benefit)                     (20,908)
Income (loss) from discontinued operations (net of tax)                     $ (69,531)
[1] Included in Income (loss) from discontinued operations (net of tax) for the second quarter of 2016 is a nonrecurring, non-cash tax charge of $416.7 million related to the change in the Company’s assertion over book and tax basis differences for certain entities included in the sale of the Chemetall Surface Treatment business. In the fourth quarter of 2016, this non-cash tax charge was reversed as a result of the completion of the sale. In addition, the fourth quarter of 2016 includes an after-tax gain of $135.0 million as a result of the sale of the Chemetall Surface Treatment business.
[2] Operating expenses, net for discontinued operations includes mark-to market actuarial (losses) gains of ($8.5) million and $8.9 million during the years ended December 31, 2016 and 2015, respectively.
[3] 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. There was no interest expense allocated to discontinued operations for the year ended December 31, 2014, as the Chemetall Surface Treatment business was not owned by the Company during this period.
[4] Income tax expense for the year ended December 31, 2016 included a charge of $253.0 million related to the gain on sale of discontinued operations.