| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Schedule Of Earnings From Continuing Operations Before Income Taxes | Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | United States | $ | 647.7 |
| | $ | 505.5 |
| | $ | 455.7 |
| International | 1,963.6 |
| | 1,533.9 |
| | 1,630.5 |
| Total | $ | 2,611.3 |
| | $ | 2,039.4 |
| | $ | 2,086.2 |
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Schedule Of Provision For Income Taxes | The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Current: | | | | | | Federal U.S. | $ | 237.2 |
| | $ | 213.4 |
| | $ | 23.6 |
| Non-U.S. | 542.9 |
| | 273.0 |
| | 241.2 |
| State and local | 61.7 |
| | (9.5 | ) | | (19.2 | ) | Deferred: | | | | | | Federal U.S. | (237.5 | ) | | (83.8 | ) | | 206.9 |
| Non-U.S. | (104.2 | ) | | (121.5 | ) | | (43.9 | ) | State and local | (42.2 | ) | | 21.1 |
| | 38.9 |
| Income tax provision | $ | 457.9 |
| | $ | 292.7 |
| | $ | 447.5 |
|
|
Schedule Of Deferred Income Tax | Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions): | | | | | | | | | | 2016 | | 2015 | Deferred tax assets: | | | | Allowance for doubtful accounts | $ | 22.4 |
| | $ | 27.7 |
| Inventories | 102.8 |
| | 107.1 |
| Pension and postretirement benefits | 392.4 |
| | 415.7 |
| Environmental and regulatory compliance | 29.9 |
| | 31.7 |
| Other accruals and prepayments | 211.1 |
| | 405.2 |
| Stock-based compensation expense | 89.3 |
| | 128.8 |
| Tax credit and loss carryforwards | 1,095.9 |
| | 1,075.4 |
| Valuation allowances | (306.5 | ) | | (215.0 | ) | Total deferred tax asset | 1,637.3 |
| | 1,976.6 |
| Deferred tax liabilities: | | | | Property, plant and equipment | (41.4 | ) | | (194.1 | ) | Insurance, including self-insurance | (786.4 | ) | | (1,107.3 | ) | Basis difference in LYONs | (13.1 | ) | | (9.1 | ) | Goodwill and other intangibles | (3,645.3 | ) | | (3,704.8 | ) | Unrealized gains on marketable securities | (2.9 | ) | | (68.0 | ) | Total deferred tax liability | (4,489.1 | ) | | (5,083.3 | ) | Net deferred tax liability | $ | (2,851.8 | ) | | $ | (3,106.7 | ) |
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Reconciliation Of The Statutory Federal Income Tax Rate To The Effective Tax Rate | The effective income tax rate from continuing operations for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows: | | | | | | | | | | | Percentage of Pretax Earnings | | 2016 | | 2015 | | 2014 | Statutory federal income tax rate | 35.0 | % | | 35.0 | % | | 35.0 | % | Increase (decrease) in tax rate resulting from: | | | | | | State income taxes (net of federal income tax benefit) | 0.6 | % | | 0.7 | % | | 0.5 | % | Foreign income taxed at lower rate than U.S. statutory rate | (10.2 | )% | | (17.1 | )% | | (18.4 | )% | Resolution and expiration of statutes of limitation of uncertain tax positions | (3.1 | )% | | (0.7 | )% | | 2.9 | % | Permanent foreign exchange losses | (8.2 | )% | | (4.6 | )% | | — | % | Research credits, uncertain tax positions and other | 3.4 | % | | 1.1 | % | | 1.5 | % | Effective income tax rate | 17.5 | % | | 14.4 | % | | 21.5 | % |
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Reconciliation Of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties related to both continuing and discontinued operations, is as follows ($ in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Unrecognized tax benefits, beginning of year | $ | 990.2 |
| | $ | 728.5 |
| | $ | 689.0 |
| Additions based on tax positions related to the current year | 80.0 |
| | 73.3 |
| | 91.5 |
| Additions for tax positions of prior years | 154.3 |
| | 135.3 |
| | 172.5 |
| Reductions for tax positions of prior years | (7.0 | ) | | (10.0 | ) | | (43.7 | ) | Acquisitions, divestitures and other | (41.5 | ) | | 140.6 |
| | 36.6 |
| Lapse of statute of limitations | (124.0 | ) | | (26.3 | ) | | (36.3 | ) | Settlements | (45.3 | ) | | (18.9 | ) | | (149.7 | ) | Effect of foreign currency translation | (14.5 | ) | | (32.3 | ) | | (31.4 | ) | Unrecognized tax benefits, end of year | $ | 992.2 |
| | $ | 990.2 |
| | $ | 728.5 |
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