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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 145,004 $ 78,786
Non-controlling interests in subsidiaries’ loss (32) (73)
Net income including non-controlling interests 144,972 78,713
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment charges 0 6,120
Deconsolidation, (Gain) Loss, Amount 34,348 0
Depreciation and amortization 48,495 47,897
Equity earnings in affiliates, net (64) (252)
Deferred income taxes (12,813) (57,690)
Stock-based compensation 7,516 5,942
Pension expense 12,472 151,848
Pension contributions and payments (22,159) (52,121)
Other, net (1,840) (559)
Changes in operating assets and liabilities, net of effects from acquisitions:    
(Increase) decrease in accounts receivable (11,956) 14,661
(Increase) decrease in inventories (7,673) 27,824
Decrease (increase) in other current assets 2,481 (4,766)
Increase (decrease) in trade accounts payable 13,922 (34,629)
Increase in other current liabilities 27,943 51,798
Net change in other long-term assets and liabilities 1,122 650
NET CASH PROVIDED BY OPERATING ACTIVITIES 236,766 235,436
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (39,377) (40,187)
Payments to Acquire Businesses, Net of Cash Acquired (71,567) (33,882)
Proceeds from sale of property, plant and equipment 936 2,173
Other Investing Activities (283) (79)
NET CASH USED BY INVESTING ACTIVITIES (110,291) (71,975)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 1,892 10,618
Payments on short-term borrowings (1,822) (8,739)
Amounts due banks, net 183,395 (37,089)
Proceeds from Issuance of Long-term Debt 261 356,369
Payments on long-term borrowings (467) (6,739)
Proceeds from exercise of stock options 10,418 4,600
Excess tax benefits from stock-based compensation 3,414 1,487
Purchase of shares for treasury (288,594) (297,804)
Cash dividends paid to shareholders (66,180) (65,942)
Other financing activities (18,244) (8,040)
NET CASH USED BY FINANCING ACTIVITIES (175,927) (51,279)
Effect of exchange rate changes on Cash and cash equivalents 2,197 (26,216)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (47,255) 85,966
Cash and cash equivalents at beginning of period 304,183 278,379
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 256,928 $ 364,345