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Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

	2017				2016				2015
United States	$	45,105			$	37,363			$	20,992
Non-United States	529,117				466,830				442,432
Earnings before taxes	$	574,222			$	504,193			$	463,424

Schedule of Components of Income Tax Expense (Benefit)

	Current				Deferred				Total
Year ended December 31, 2017:
United States federal	$	55,660			$	10,173			$	65,833
State and local	361				3,471				3,832
Non-United States	144,974				(16,389		)		128,585
Total	$	200,995			$	(2,745	)		$	198,250
Year ended December 31, 2016:
United States federal	$	20,116			$	(4,817	)		$	15,299
State and local	2,947				1,149				4,096
Non-United States	94,882				5,546				100,428
Total	$	117,945			$	1,878			$	119,823
Year ended December 31, 2015:
United States federal	$	11,071			$	3,029			$	14,100
State and local	2,164				617				2,781
Non-United States	90,232				3,491				93,723
Total	$	103,467			$	7,137			$	110,604

Schedule of Effective Income Tax Rate Reconciliation

	2017				2016				2015
Expected tax	$	200,978			$	176,467			$	162,198
United States state and local income taxes, net of federal income tax benefit	376				3,064				2,551
Change in valuation allowance (excluding U.S. tax reform)	—				—				(1,098		)
Net effect of U.S. tax reform (see below)	71,982				—				—
Non-United States income taxes at other than a 35% rate	(43,691		)		(65,917		)		(54,798		)
Excess tax benefits from stock option exercises	(35,171		)		—				—
Other, net	3,776				6,209				1,751
Total provision for taxes	$	198,250			$	119,823			$	110,604

Schedule of Deferred Tax Assets and Liabilities

	2017				2016
Deferred tax assets:
Inventory	$	13,779			$	17,612
Accrued and other liabilities	62,175				93,379
Accrued post-retirement benefit and pension costs	55,545				72,004
Net operating loss and tax credit carryforwards	32,247				15,844
Other	12,099				10,326
Total deferred tax assets	175,845				209,165
Less valuation allowance	(12,857		)		(10,730		)
Total deferred tax assets less valuation allowance	162,988				198,435
Deferred tax liabilities:
Inventory	4,730				3,741
Property, plant, and equipment	50,440				56,718
Acquired intangibles amortization	66,755				77,295
Prepaid post-retirement benefit and pension costs	27,747				36,741
International earnings	23,121				19,575
Unrealized currency gains	—				34,720
Total deferred tax liabilities	172,793				228,790
Net deferred tax (liability) asset	$	(9,805	)		$	(30,355	)

Summary of Income Tax Contingencies

	2017				2016
Unrecognized tax benefits at beginning of year	$	20,240			$	15,259
Increases related to current tax positions	2,484				7,824
Increases (decreases) related to prior year tax positions	1,434				(885		)
Decreases relating to taxing authority settlements	(856		)		(794		)
Decreases resulting from a lapse of the applicable statute of limitations	(186		)		(896		)
Other, net	974				(268		)
Unrecognized tax benefits at end of year	$	24,090			$	20,240

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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