AptarGroup (ATR) 10-Q 4 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 28, 2015
Document and Entity Information
Entity Registrant Name	APTARGROUP INC
Entity Central Index Key	896622
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		62,599,783
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net Sales	$589,811	$676,051
Operating Expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	385,979	453,411
Selling, research & development and administrative	96,187	106,674
Depreciation and amortization	34,060	37,247
Total Operating Expenses	516,226	597,332
Operating Income	73,585	78,719
Other (Expense) Income:
Interest expense	-7,303	-4,881
Interest income	1,731	1,016
Equity in results of affiliates	-119	-1,546
Miscellaneous, net	-199	372
Total Other Income (Expense)	-5,890	-5,039
Income before Income Taxes	67,695	73,680
Provision for Income Taxes	22,596	25,272
Net Income	45,099	48,408
Net Loss (Income) Attributable to Noncontrolling Interests	72	-19
Net Income Attributable to AptarGroup, Inc.	$45,171	$48,389
Net Income Attributable to AptarGroup, Inc. Per Common Share:
Basic (in dollars per share)	$0.73	$0.74
Diluted (in dollars per share)	$0.70	$0.71
Average Number of Shares Outstanding:
Basic (in shares)	62,292	65,468
Diluted (in shares)	64,494	68,232
Dividends per Common Share (in dollars per share)	$0.28	$0.25

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$45,099	$48,408
Other Comprehensive (Loss) Income:
Foreign currency translation adjustments	-139,246	563
Changes in treasury locks, net of tax	6	6
Defined benefit pension plan, net of tax
Amortization of prior service cost included in net income, net of tax	43	53
Amortization of net loss included in net income, net of tax	1,126	665
Total defined benefit pension plan, net of tax	1,169	718
Total other comprehensive (loss) income	-138,071	1,287
Comprehensive (Loss) Income	-92,972	49,695
Comprehensive Loss (Income) Attributable to Noncontrolling Interests	72	-9
Comprehensive (Loss) Income Attributable to AptarGroup, Inc.	($92,900)	$49,686

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and equivalents	$385,693	$399,762
Accounts and notes receivable, less allowance for doubtful accounts of $3,719 in 2015 and $4,251 in 2014	421,560	406,976
Inventories	284,579	311,072
Prepaid and other	103,494	96,128
Total Current Assets	1,195,326	1,213,938
Property, Plant and Equipment:
Buildings and improvements	331,573	353,683
Machinery and equipment	1,805,608	1,919,507
Property, Plant and Equipment, Gross	2,137,181	2,273,190
Less: Accumulated depreciation	-1,402,011	-1,484,546
Property, Plant and Equipment, Net	735,170	788,644
Land	21,318	23,011
Total Property, Plant and Equipment	756,488	811,655
Other Assets:
Investments in affiliates	5,146	5,760
Goodwill	309,396	329,741
Intangible assets, net	35,210	40,045
Miscellaneous	33,460	36,051
Total Other Assets	383,212	411,597
Total Assets	2,335,026	2,437,190
Current Liabilities:
Notes payable	3,993	233,284
Current maturities of long-term obligations	18,594	18,692
Accounts payable and accrued liabilities	340,334	352,762
Total Current Liabilities	362,921	604,738
Long-term obligations	812,232	588,892
Deferred Liabilities and Other:
Deferred income taxes	21,655	25,521
Retirement and deferred compensation plans	107,157	109,517
Deferred and other non-current liabilities	4,263	4,606
Commitments and contingencies (Note 9)
Total Deferred Liabilities and Other	133,075	139,644
AptarGroup, Inc. stockholders' equity
Common stock, $.01 par value, 199 million shares authorized; 86.8 and 86.3 million shares issued as of March 31, 2015 and December 31, 2014, respectively	867	862
Capital in excess of par value	540,563	507,313
Retained earnings	1,767,774	1,740,005
Accumulated other comprehensive (loss)	-248,116	-110,045
Less: Treasury stock at cost, 24.3 million shares as of March, 31, 2015 and December 31, 2014	-1,034,727	-1,034,728
Total AptarGroup, Inc. Stockholders' Equity	1,026,361	1,103,407
Noncontrolling interests in subsidiaries	437	509
Total Stockholders' Equity	1,026,798	1,103,916
Total Liabilities and Stockholders' Equity	$2,335,026	$2,437,190

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data in Millions, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts and notes receivable, allowance for doubtful accounts (in dollars)	$3,719	$4,251
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	199	199
Common stock, shares issued	86.8	86.3
Treasury stock, shares	24.3	24.3

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Common Stock Par Value	Treasury Stock	Capital in Excess of Par Value	Non-Controlling Interest	Total
In Thousands, unless otherwise specified
Balance at Dec. 31, 2013	$1,619,419	$109,751	$853	($744,213)	$493,947	$551	$1,480,308
Increase (Decrease) in Stockholders' Equity
Net Income	48,389					19	48,408
Foreign currency translation adjustments		573				-10	563
Changes in unrecognized pension gains/losses and related amortization, net of tax		718					718
Changes in treasury locks, net of tax		6					6
Stock option exercises & restricted stock vestings			2	1	18,245		18,248
Cash dividends declared on common stock	-16,366						-16,366
Treasury stock purchased				-12,999			-12,999
Balance at Mar. 31, 2014	1,651,442	111,048	855	-757,211	512,192	560	1,518,886
Balance at Dec. 31, 2014	1,740,005	-110,045	862	-1,034,728	507,313	509	1,103,916
Increase (Decrease) in Stockholders' Equity
Net Income	45,171					-72	45,099
Foreign currency translation adjustments		-139,246					-139,246
Changes in unrecognized pension gains/losses and related amortization, net of tax		1,169					1,169
Changes in treasury locks, net of tax		6					6
Stock option exercises & restricted stock vestings			5	1	33,250		33,256
Cash dividends declared on common stock	-17,402						-17,402
Balance at Mar. 31, 2015	$1,767,774	($248,116)	$867	($1,034,727)	$540,563	$437	$1,026,798

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows from Operating Activities:
Net income	$45,099	$48,408
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	32,979	35,849
Amortization	1,081	1,398
Stock based compensation	8,803	8,396
(Recovery of) Provision for doubtful accounts	-156	716
Deferred income taxes	-1,001	-2,048
Defined benefit plan expense	5,161	4,226
Equity in results of affiliates in excess of cash distributions received	119	1,546
Changes in balance sheet items, excluding effects from foreign currency adjustments:
Accounts receivable	-44,798	-67,150
Inventories	1,040	-6,007
Prepaid and other current assets	-12,975	-5,666
Accounts payable and accrued liabilities	12,691	6,320
Income taxes payable	-2,879	-5,097
Retirement and deferred compensation plans	-4,567	-3,174
Other changes, net	-1,522	14,329
Net Cash Provided by Operations	39,075	32,046
Cash Flows from Investing Activities:
Capital expenditures	-26,885	-42,914
Proceeds from sale of property and equipment, including insurance proceeds	1,840	2,378
Notes receivable, net	151
Net Cash Used by Investing Activities	-24,894	-40,536
Cash Flows from Financing Activities:
(Repayments of) Proceeds from notes payable	-229,294	35,609
Proceeds from long-term obligations	225,000
Repayments of long-term obligations	-791	-293
Dividends paid	-17,402	-16,366
Credit facility costs	-399	-299
Proceeds from stock option exercises	20,398	7,770
Purchase of treasury stock		-12,999
Excess tax benefit from exercise of stock options	3,421	1,590
Net Cash Provided by Financing Activities	933	15,012
Effect of Exchange Rate Changes on Cash	-29,183	794
Net (Decrease) Increase in Cash and Equivalents	-14,069	7,316
Cash and Equivalents at Beginning of Period	399,762	309,861
Cash and Equivalents at End of Period	$385,693	$317,177

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	BASIS OF PRESENTATION
	The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of AptarGroup, Inc. and our subsidiaries.  The terms “AptarGroup” or “Company” as used herein refer to AptarGroup, Inc. and our subsidiaries.  All significant intercompany accounts and transactions have been eliminated.
	In the opinion of management, the Unaudited Condensed Consolidated Financial Statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of consolidated financial position, results of operations, comprehensive income, changes in equity and cash flows for the interim periods presented.  The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading.  Also, certain financial position data included herein was derived from the Audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 but does not include all disclosures required by GAAP.  Accordingly, these Unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.  The results of operations of any interim period are not necessarily indicative of the results that may be expected for the year.
	ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
	Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates to the FASB’s Accounting Standards Codification.  During the first quarter of 2015, there have been no developments to the recently adopted accounting pronouncements from those disclosed in the Company’s 2014 Annual Report on Form 10-K that are considered to have a material impact on our Unaudited Condensed Consolidated Financial Statements.  Other accounting standards that have been issued by the FASB or other standards-setting bodies but are not yet effective are discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations below.
	INCOME TAXES
	The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where income is earned.  The income tax rates imposed by these taxing authorities may vary substantially.  Taxable income may differ from pretax income for financial accounting purposes.  To the extent that these differences create differences between the tax basis of an asset or liability and our reported amount in the financial statements, an appropriate provision for deferred income taxes is made.
	In our determination of which foreign earnings are permanently reinvested in foreign operations, the Company considers numerous factors, including the financial requirements of the U.S. parent company and those of our foreign subsidiaries, the U.S. funding needs for dividend payments and stock repurchases, and the tax consequences of remitting earnings to the U.S.  From this analysis, current year repatriation decisions are made in an attempt to provide a proper mix of debt and shareholder capital both within the U.S. and for non-U.S. operations.  The Company’s policy is to permanently reinvest our accumulated foreign earnings and the Company will only make a distribution out of current year earnings to meet the cash needs at the parent company.  As such, the Company does not provide for taxes on earnings that are deemed to be permanently reinvested.  Since no distribution to the U.S. of foreign earnings is expected in 2015, the effective tax rate for 2015 includes no tax cost of repatriation.
	The Company provides a liability for the amount of tax benefits realized from uncertain tax positions.  This liability is provided whenever the Company determines that a tax benefit will not meet a more-likely-than-not threshold for recognition.  See Note 4 of the Unaudited Notes to the Condensed Consolidated Financial Statements for more information.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2015
INVENTORIES
INVENTORIES
	NOTE 2 - INVENTORIES
	At March 31, 2015 and December 31, 2014, approximately 19% of the total inventories are accounted for by the LIFO method.  Inventories, by component, consisted of:
		March 31,			December 31,
		2015			2014
	Raw materials	$	94,966		$	108,618
	Work in process	90,354			94,414
	Finished goods	106,686			115,809
	Total	292,006			318,841
	Less LIFO reserve	(7,427		)	(7,769		)
	Total	$	284,579		$	311,072

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
	NOTE 3 – GOODWILL AND OTHER INTANGIBLE ASSETS
	The changes in the carrying amount of goodwill since December 31, 2014 are as follows by reporting segment:
		Beauty +						Food +			Corporate
		Home			Pharma			Beverage			& Other			Total
	Goodwill	$	171,149		$	141,592		$	17,000		$	1,615		$	331,356
	Accumulated impairment losses	--			--			--			(1,615		)	(1,615		)
	Balance as of December 31, 2014	$	171,149		$	141,592		$	17,000		$	--		$	329,741
	Acquisition	--			--			--			--			--
	Foreign currency exchange effects	(6,174		)	(13,449		)	(722		)	--			(20,345		)
	Goodwill	$	164,975		$	128,143		$	16,278		$	1,615		$	311,011
	Accumulated impairment losses	--			--			--			(1,615		)	(1,615		)
	Balance as of March 31, 2015	$	164,975		$	128,143		$	16,278		$	--		$	309,396
	The table below shows a summary of intangible assets as of March 31, 2015 and December 31, 2014.
				31-Mar-15									December 31, 2014
	Weighted Average			Gross									Gross
	Amortization			Carrying			Accumulated			Net			Carrying			Accumulated			Net
	Period (Years)			Amount			Amortization			Value			Amount			Amortization			Value
	Amortized intangible assets:
	Patents	7		$	15,216		$	(15,135	)	$	81		$	17,001		$	(16,852	)	$	149
	Acquired Technology	15		31,712			(6,871		)	24,841			35,701			(5,950		)	29,751
	License agreements and other	5		30,597			(20,309		)	10,288			32,804			(22,659		)	10,145
	Total intangible assets	9		$	77,525		$	(42,315	)	$	35,210		$	85,506		$	(45,461	)	$	40,045
	Aggregate amortization expense for the intangible assets above for the quarters ended March 31, 2015 and 2014 was $1,081 and $1,398, respectively.
	Future estimated amortization expense for the years ending December 31 is as follows:
	2015	$	3,055	(remaining estimated amortization for 2015)
	2016	3,554
	2017	3,132
	2018	3,133
	2019 and thereafter	22,336
	Future amortization expense may fluctuate depending on changes in foreign currency rates.  The estimates for amortization expense noted above are based upon foreign exchange rates as of March 31, 2015.

INCOME_TAX_UNCERTAINTIES

INCOME TAX UNCERTAINTIES	3 Months Ended
	Mar. 31, 2015
INCOME TAX UNCERTAINITIES
INCOME TAX UNCERTAINTIES
	NOTE 4 – INCOME TAX UNCERTAINTIES
	The Company had approximately $5.8 and $6.4 million recorded for income tax uncertainties as of March 31, 2015 and December 31, 2014, respectively.  The $0.6 million decrease in income tax uncertainties was primarily the result of change in foreign currency rates.  The amount, if recognized, that would impact the effective tax rate is $5.7 and $6.3 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $5.4 million in the next twelve months from the resolution of various uncertain positions as a result of the completion of tax audits, litigation and the expiration of the statute of limitations in various jurisdictions.

RETIREMENT_AND_DEFERRED_COMPEN

RETIREMENT AND DEFERRED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2015
RETIREMENT AND DEFERRED COMPENSATION PLANS
RETIREMENT AND DEFERRED COMPENSATION PLANS
	NOTE 5 – RETIREMENT AND DEFERRED COMPENSATION PLANS
	Components of Net Periodic Benefit Cost:
		Domestic Plans						Foreign Plans
	Three months ended March 31,	2015			2014			2015			2014
	Service cost	$	2,504		$	2,011		$	1,160		$	1,079
	Interest cost	1,589			1,482			420			699
	Expected return on plan assets	(1,898		)	(1,646		)	(455		)	(510		)
	Amortization of net loss	1,351			717			425			313
	Amortization of prior service cost	--			--			65			81
	Net periodic benefit cost	$	3,546		$	2,564		$	1,615		$	1,662
	EMPLOYER CONTRIBUTIONS
	Although the Company has no minimum funding requirement, we plan to contribute approximately $10 million to our domestic defined benefit plans in 2015.  No 2015 contributions were made as of March 31, 2015.  The Company also expects to contribute approximately $12.8 million to our foreign defined benefit plans in 2015, and as of March 31, 2015, we have contributed approximately $0.6 million.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME
	NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME
	Changes in Accumulated Other Comprehensive Income by Component:
			Foreign			Defined Benefit			Other			Total
			Currency			Pension Plans
	Balance – December 31, 2013		$	149,965		$	(40,093	)	$	(121	)	$	109,751
	Other comprehensive income before reclassifications		913			--			--			913
	Amounts reclassified from accumulated other comprehensive income		(340		)	718			6			384
	Net current-period other comprehensive income		573			718			6			1,297
	Balance - March 31, 2014		$	150,538		$	(39,375	)	$	(115	)	$	111,048
	Balance – December 31, 2014		$	(42,851	)	$	(67,097	)	$	(97	)	$	(110,045	)
	Other comprehensive income before reclassifications		(139,246		)	--			--			(139,246		)
	Amounts reclassified from accumulated other comprehensive income		--			1,169			6			1,175
	Net current-period other comprehensive income		(139,246		)	1,169			6			(138,071		)
	Balance - March 31, 2015		$	(182,097	)	$	(65,928	)	$	(91	)	$	(248,116	)
	Reclassifications Out of Accumulated Other Comprehensive Income:
	Details about Accumulated Other		Amount Reclassified from Accumulated						Affected Line in the Statement
	Comprehensive Income Components		Other Comprehensive Income						Where Net Income is Presented
	Three months ended March 31,		2015			2014
	Defined Benefit Pension Plans
	Amortization of net loss		$	1,776		$	1,030		(a)
	Amortization of prior service cost		65			81			(a)
			1,841			1,111			Total before tax
			(672		)	(393		)	Tax benefit
			$	1,169		$	718		Net of tax
	Foreign Currency
	Foreign Currency Gain		--			(340		)	Miscellaneous, net
			--			(340		)	Total before tax
			--			--			Tax benefit
			$	--		$	(340	)	Net of tax
	Other
	Changes in treasury locks		10			9			Interest Expense
			10			9			Total before tax
			(4		)	(3		)	Tax benefit
			$	6		$	6		Net of tax
	Total reclassifications for the period		$	1,175		$	384
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic benefit costs, net of tax (see Note 5 – Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
	NOTE 7 — DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
	The Company maintains a foreign exchange risk management policy designed to establish a framework to protect the value of the Company’s non-functional denominated transactions from adverse changes in exchange rates.  Sales of the Company’s products can be denominated in a currency different from the currency in which the related costs to produce the product are denominated.  Changes in exchange rates on such inter-country sales or intercompany loans can impact the Company’s results of operations.  The Company’s policy is not to engage in speculative foreign currency hedging activities, but to minimize our net foreign currency transaction exposure, defined as firm commitments and transactions recorded and denominated in currencies other than the functional currency.  The Company may use foreign currency forward exchange contracts, options and cross currency swaps to economically hedge these risks.
	For derivative instruments designated as hedges, the Company formally documents the nature and relationships between the hedging instruments and the hedged items, as well as the risk management objectives, strategies for undertaking the various hedge transactions, and the method of assessing hedge effectiveness.  Additionally, in order to designate any derivative instrument as a hedge of an anticipated transaction, the significant characteristics and expected terms of any anticipated transaction must be specifically identified, and it must be probable that the anticipated transaction will occur.
	HEDGE OF NET INVESTMENTS IN FOREIGN OPERATIONS
	A significant number of the Company’s operations are located outside of the United States.  Because of this, movements in exchange rates may have a significant impact on the translation of the financial condition and results of operations of the Company’s foreign subsidiaries.  A strengthening U.S. dollar relative to foreign currencies has a dilutive translation effect on the Company’s financial condition and results of operations.  Conversely, a weakening U.S. dollar has an additive effect.  The Company in some cases maintains debt in these subsidiaries to offset the net asset exposure.  The Company does not otherwise actively manage this risk using derivative financial instruments.  In the event the Company plans on a full or partial liquidation of any of our foreign subsidiaries where the Company’s net investment is likely to be monetized, the Company will consider hedging the currency exposure associated with such a transaction.
	OTHER
	As of March 31, 2015, the Company has recorded the fair value of foreign currency forward exchange contracts of $7.4 million in prepaid and other, $4.4 million in accounts payable and accrued liabilities, and $0.2 million in deferred and other non-current liabilities in the balance sheet.  All forward exchange contracts outstanding as of March 31, 2015 had an aggregate contract amount of $152.8 million.
	Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of March 31, 2015
	and December 31, 2014
	Derivative Contracts Not Designated as	Balance Sheet		March 31,		December
	Hedging Instruments	Location		2015		31, 2014
	Derivative Assets
	Foreign Exchange Contracts	Prepaid and other		$	7,443	$	1,037
	Foreign Exchange Contracts	Miscellaneous Other Assets		--		7
				$	7,443	$	1,044
	Derivative Liabilities
	Foreign Exchange Contracts	Accounts payable and accrued liabilities		$	4,449	$	2,378
	Foreign Exchange Contracts	Deferred and other non-current liabilities		152		115
				$	4,601	$	2,493
	The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income
	for the Quarters Ended March 31, 2015 and March 31, 2014
	Derivatives Not Designated as	Location of Gain or (Loss) Recognized in		Amount of Gain or (Loss)
	Hedging Instruments	Income on Derivative		Recognized in Income on
				Derivative
				2015		2014
	Foreign Exchange Contracts	Other Income (Expense) Miscellaneous, net		$	3,253	$	(159	)
				$	3,253	$	(159	)
						Net Amounts			Gross Amounts not Offset in the
					Gross Amounts	Presented in			Statement of Financial Position
		Gross			Offset in the	the Statement of			Financial	Cash Collateral	Net
		Amount			Financial Position	Financial Position			Instruments	Received	Amount
	Description
	31-Mar-15
	Derivative Assets	$	7,443		--	$	7,443		--	--	$	7,443
	Total Assets	$	7,443		--	$	7,443		--	--	$	7,443
	Derivative Liabilities	$	4,601		--	$	4,601		--	--	$	4,601
	Total Liabilities	$	4,601		--	$	4,601		--	--	$	4,601
	December 31, 2014
	Derivative Assets	$	1,044		--	$	1,044		--	--	$	1,044
	Total Assets	$	1,044		--	$	1,044		--	--	$	1,044
	Derivative Liabilities	$	2,493		--	$	2,493		--	--	$	2,493
	Total Liabilities	$	2,493		--	$	2,493		--	--	$	2,493

FAIR_VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2015
FAIR VALUE
FAIR VALUE
	NOTE 8 – FAIR VALUE
	Authoritative guidelines require the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities.  Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.  The three levels are defined as follows:
		·		Level 1:Unadjusted quoted prices in active markets for identical assets and liabilities.
		·		Level 2:Observable inputs other than those included in Level 1.  For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
		·		Level 3:Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.
	As of March 31, 2015, the fair values of our financial assets and liabilities were categorized as follows:
			Total		Level 1		Level 2		Level 3
	Assets
	Forward exchange contracts (a)		$	7,443	$	--	$	7,443	$	--
	Total assets at fair value		$	7,443	$	--	$	7,443	$	--
	Liabilities
	Forward exchange contracts (a)		$	4,601	$	--	$	4,601	$	--
	Total liabilities at fair value		$	4,601	$	--	$	4,601	$	--
	As of December 31, 2014, the fair values of our financial assets and liabilities were categorized as follows:
			Total		Level 1		Level 2		Level 3
	Assets
	Forward exchange contracts (a)		$	1,044	$	--	$	1,044	$	--
	Total assets at fair value		$	1,044	$	--	$	1,044	$	--
	Liabilities
	Forward exchange contracts (a)		$	2,493	$	--	$	2,493	$	--
	Total liabilities at fair value		$	2,493	$	--	$	2,493	$	--
	(a)   Market approach valuation technique based on observable market transactions of spot and forward rates.
	The carrying amounts of the Company’s other current financial instruments such as cash and equivalents, notes payable and current maturities of long-term obligations approximate fair value due to the short-term maturity of the instrument.  The Company considers our long-term obligations a Level 2 liability and utilizes the market approach valuation technique based on interest rates that are currently available to the Company for issuance of debt with similar terms and maturities.  The estimated fair value of the Company’s long-term obligations was $846 million as of March 31, 2015 and $606 million as of December 31, 2014.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES
	NOTE 9 – COMMITMENTS AND CONTINGENCIES
	The Company, in the normal course of business, is subject to a number of lawsuits and claims both actual and potential in nature.  While management believes the resolution of these claims and lawsuits will not have a material adverse effect on the Company’s financial position or results of operations or cash flows, claims and legal proceedings are subject to inherent uncertainties, and unfavorable outcomes could occur that could include amounts in excess of any accruals which management has established.  Were such unfavorable final outcomes to occur, it is possible that they could have a material adverse effect on our financial position, results of operations and cash flows.
	Under our Certificate of Incorporation, the Company has agreed to indemnify our officers and directors for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity.  The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a directors and officers liability insurance policy that covers a portion of our exposure.  As a result of our insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is minimal.  The Company has no liabilities recorded for these agreements as of March 31, 2015.

STOCK_REPURCHASE_PROGRAM

STOCK REPURCHASE PROGRAM	3 Months Ended
	Mar. 31, 2015
STOCK REPURCHASE PROGRAM
STOCK REPURCHASE PROGRAM
	NOTE 10 – STOCK REPURCHASE PROGRAM
	On October 30, 2014, the Company announced a new share repurchase authorization of up to $350 million of common stock.  This new authorization replaces previous authorizations and has no expiration date.  AptarGroup may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions.
	On December 16, 2014, the Company entered into an agreement to repurchase approximately $250 million of its Common Stock under an accelerated share repurchase program (the “ASR program”).  The ASR program is part of the Company’s $350 million share repurchase authorization.  On December 17, 2014, the Company paid $250 million to Wells Fargo Bank N.A. (“Wells Fargo”) in exchange for approximately 3.1 million shares, estimated to represent approximately 80% of the total number of shares expected to be purchased in the ASR program based on current market prices.  The ultimate number of shares to be repurchased under the ASR program will be based on the volume-weighted average price of the Company’s common stock during the term of the ASR program, less a discount.  Final settlement of the ASR program is expected to be completed by the end of September 2015, although the settlement may be accelerated at Wells Fargo’s option.
	During the three months ended March 31, 2015, the Company did not repurchase any shares.  During the three months ended March 31, 2014, the Company repurchased approximately 200 thousand shares for approximately $13.0 million.  Shares repurchased are returned to Treasury Stock.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION
	NOTE 11 – STOCK-BASED COMPENSATION
	The Company issues stock options and restricted stock units to employees under Stock Awards Plans approved by shareholders.  Stock options are issued to non-employee directors under Director Stock Option Plans approved by shareholders.  Options are awarded with the exercise price equal to the market price on the date of grant and generally become exercisable over three years and expire 10 years after grant.  Restricted stock units generally vest over three years.
	Compensation expense recorded attributable to stock options for the first three months of 2015 was approximately $8.8 million ($5.7 million after tax).  The income tax benefit related to this compensation expense was approximately $3.1 million.  Approximately $8.0 million of the compensation expense was recorded in selling, research & development and administrative expenses and the balance was recorded in cost of sales.  Compensation expense recorded attributable to stock options for the first three months of 2014 was approximately $8.4 million ($5.5 million after tax).  The income tax benefit related to this compensation expense was approximately $2.9 million.  Approximately $7.6 million of the compensation expense was recorded in selling, research & development and administrative expenses and the balance was recorded in cost of sales.
	The Company uses historical data to estimate expected life and volatility.  The weighted-average fair value of stock options granted under the Stock Awards Plans was $12.83 and $14.84 per share during the first three months of 2015 and 2014, respectively.  These values were estimated on the respective dates of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
	Stock Option Plans:
	Three months ended March 31,	2015		2014
	Dividend Yield	1.7	%	1.7	%
	Expected Stock Price Volatility	21.9	%	22.2	%
	Risk-free Interest Rate	1.6	%	2.3	%
	Expected Life of Option (years)	6.9		6.9
	There were no grants under the Director Stock Option Plan during the three months ended March 31, 2015 and 2014.
	A summary of option activity under the Company’s stock plans as of March 31, 2015, and changes during the three months then ended is presented below:
		Stock Option Plans					Director Stock Option Plans
					Weighted Average					Weighted Average
		Shares			Exercise Price		Shares			Exercise Price
	Outstanding, January 1, 2015	8,107,806			$	46.74	368,668			$	53.52
	Granted	1,391,355			64.6		--			--
	Exercised	(604,717		)	33.56		(32,167		)	36.74
	Forfeited or expired	(11,319		)	59.34		--			--
	Outstanding at March 31, 2015	8,883,125			$	50.42	336,501			$	55.12
	Exercisable at March 31, 2015	6,109,859			$	44.44	155,992			$	47.89
	Weighted-Average Remaining Contractual Term (Years):
	Outstanding at March 31, 2015	6.6					7.4
	Exercisable at March 31, 2015	5.4					6.3
	Aggregate Intrinsic Value ($000):
	Outstanding at March 31, 2015	$	123,889				$	3,118
	Exercisable at March 31, 2015	$	118,581				$	2,438
	Intrinsic Value of Options Exercised ($000) During the Three Months Ended:
	March 31, 2015	$	18,824				$	874
	March 31, 2014	$	6,912				$	--
	The fair value of shares vested during the three months ended March 31, 2015 and 2014 was $14.8 million and $13.0 million, respectively.  Cash received from option exercises was approximately $20.4 million and the actual tax benefit realized for the tax deduction from option exercises was approximately $5.2 million in the three months ended March 31, 2015.  As of March 31, 2015, the remaining valuation of stock option awards to be expensed in future periods was $21.8 million and the related weighted-average period over which it is expected to be recognized is 1.6 years.
	The fair value of restricted stock unit grants is the market price of the underlying shares on the grant date.  A summary of restricted stock unit activity as of March 31, 2015, and changes during the period then ended is presented below:
				Weighted-Average
		Shares		Grant-Date Fair Value
	Nonvested at January 1, 2015	61,750		$	64.09
	Granted	11,448		65.87
	Vested	(11,083	)	57.13
	Nonvested at March 31, 2015	62,115		$	65.65
	Compensation expense recorded attributable to restricted stock unit grants for the first three months of 2015 and 2014 was approximately $727 thousand and $733 thousand, respectively.  The fair value of units vested during the three months ended March 31, 2015 and 2014 was $633 thousand and $491 thousand, respectively.  The intrinsic value of units vested during the three months ended March 31, 2015 and 2014 was $732 thousand and $613 thousand, respectively.  As of March 31, 2015 there was $2.0 million of total unrecognized compensation cost relating to restricted stock unit awards which is expected to be recognized over a weighted-average period of 1.5 years.
	The Company has a long-term incentive program for certain employees.  The program is based on the cumulative total shareholder return of our common stock during a three year performance period.  Total expense related to this program is expected to be approximately $2.3 million over the performance period, of which $227 thousand and $159 thousand was recognized in the first quarter of 2015 and 2014, respectively.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2015
EARNINGS PER SHARE
EARNINGS PER SHARE
	NOTE 12 – EARNINGS PER SHARE
	AptarGroup’s authorized common stock consists of 199 million shares, having a par value of $.01 each.  Information related to the calculation of earnings per share is as follows:
		31-Mar-15				31-Mar-14
		Diluted		Basic		Diluted		Basic
	Consolidated operations
	Income available to common shareholders	$	45,171	$	45,171	$	48,389	$	48,389
	Average equivalent shares
	Shares of common stock	62,292		62,292		65,468		65,468
	Effect of dilutive stock based compensation
	Stock options	2,182		--		2,738		--
	Restricted stock	20		--		26		--
	Total average equivalent shares	64,494		62,292		68,232		65,468
	Net income per share	$	0.7	$	0.73	$	0.71	$	0.74

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2015
SEGMENT INFORMATION
SEGMENT INFORMATION
	NOTE 13 – SEGMENT INFORMATION
	The Company operates in the packaging components industry, which includes the development, manufacture and sale of consumer product dispensing solutions.  The Company is organized into three reporting segments.  Operations that sell dispensing systems primarily to the personal care, beauty and home care markets form the Beauty + Home segment.  Operations that sell dispensing systems primarily to the prescription drug, consumer health care and injectables markets form the Pharma segment.  Operations that sell dispensing systems primarily to the food and beverage markets form the Food + Beverage segment.
	The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.  Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.
	Financial information regarding the Company’s reportable segments is shown below:
	Three months ended March 31,		2015			2014
	Total Revenue:
	Beauty + Home		$	334,794		$	398,540
	Pharma		178,669			194,349
	Food + Beverage		81,920			90,626
	Total Revenue		$	595,383		$	683,515
	Less: Intersegment Sales:
	Beauty + Home		$	5,380		$	7,304
	Pharma		--			--
	Food + Beverage		192			160
	Total Intersegment Sales		$	5,572		$	7,464
	Net Sales:
	Beauty + Home		$	329,414		$	391,236
	Pharma		178,669			194,349
	Food + Beverage		81,728			90,466
	Net Sales		$	589,811		$	676,051
	Segment Income (1):
	Beauty + Home		$	23,375		$	27,781
	Pharma		52,001			52,482
	Food + Beverage		9,050			9,080
	Corporate & Other		(11,159		)	(11,798		)
	Income before interest and taxes		$	73,267		$	77,545
	Interest expense, net		(5,572		)	(3,865		)
	Income before income taxes		$	67,695		$	73,680
		-1		The Company evaluates performance of our business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.

INSURANCE_SETTLEMENT_RECEIVABL

INSURANCE SETTLEMENT RECEIVABLE	3 Months Ended
	Mar. 31, 2015
INSURANCE SETTLEMENT RECEIVABLE
INSURANCE SETTLEMENT RECEIVABLE
	NOTE 14 – INSURANCE SETTLEMENT RECEIVABLE
	A fire caused damage to the roof and production area of a facility owned by an AptarGroup subsidiary in Brazil on September 1, 2014.  There were no injuries.  The facility is primarily an internal supplier to AptarGroup of anodized aluminum components for certain dispensing systems sold to the regional beauty and personal care markets.  Repairs of the facility continue to progress as planned.  AptarGroup is insured for the damages caused by the fire, including business interruption insurance.  While the Company is still in the process of reviewing claims with our insurance carriers, we have currently recognized a $2.0 million receivable related to costs incurred but not yet reimbursed, which is included in Prepaid and Other in the Condensed Consolidated Balance Sheet. This incident did not have a material impact on our financial results during the first quarter of 2015 and we expect to reach a final insurance settlement during the second half of 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
	BASIS OF PRESENTATION
	The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of AptarGroup, Inc. and our subsidiaries.  The terms “AptarGroup” or “Company” as used herein refer to AptarGroup, Inc. and our subsidiaries.  All significant intercompany accounts and transactions have been eliminated.
	In the opinion of management, the Unaudited Condensed Consolidated Financial Statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of consolidated financial position, results of operations, comprehensive income, changes in equity and cash flows for the interim periods presented.  The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading.  Also, certain financial position data included herein was derived from the Audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 but does not include all disclosures required by GAAP.  Accordingly, these Unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.  The results of operations of any interim period are not necessarily indicative of the results that may be expected for the year.
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
	ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
	Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates to the FASB’s Accounting Standards Codification.  During the first quarter of 2015, there have been no developments to the recently adopted accounting pronouncements from those disclosed in the Company’s 2014 Annual Report on Form 10-K that are considered to have a material impact on our Unaudited Condensed Consolidated Financial Statements.  Other accounting standards that have been issued by the FASB or other standards-setting bodies but are not yet effective are discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations below.
INCOME TAXES
	INCOME TAXES
	The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where income is earned.  The income tax rates imposed by these taxing authorities may vary substantially.  Taxable income may differ from pretax income for financial accounting purposes.  To the extent that these differences create differences between the tax basis of an asset or liability and our reported amount in the financial statements, an appropriate provision for deferred income taxes is made.
	In our determination of which foreign earnings are permanently reinvested in foreign operations, the Company considers numerous factors, including the financial requirements of the U.S. parent company and those of our foreign subsidiaries, the U.S. funding needs for dividend payments and stock repurchases, and the tax consequences of remitting earnings to the U.S.  From this analysis, current year repatriation decisions are made in an attempt to provide a proper mix of debt and shareholder capital both within the U.S. and for non-U.S. operations.  The Company’s policy is to permanently reinvest our accumulated foreign earnings and the Company will only make a distribution out of current year earnings to meet the cash needs at the parent company.  As such, the Company does not provide for taxes on earnings that are deemed to be permanently reinvested.  Since no distribution to the U.S. of foreign earnings is expected in 2015, the effective tax rate for 2015 includes no tax cost of repatriation.
	The Company provides a liability for the amount of tax benefits realized from uncertain tax positions.  This liability is provided whenever the Company determines that a tax benefit will not meet a more-likely-than-not threshold for recognition.  See Note 4 of the Unaudited Notes to the Condensed Consolidated Financial Statements for more information.

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2015
INVENTORIES
Schedule of inventories, by component
		March 31,			December 31,
		2015			2014
	Raw materials	$	94,966		$	108,618
	Work in process	90,354			94,414
	Finished goods	106,686			115,809
	Total	292,006			318,841
	Less LIFO reserve	(7,427		)	(7,769		)
	Total	$	284,579		$	311,072

GOODWILL_AND_OTHER_INTANGIBLE_1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of changes in the carrying amount of goodwill
		Beauty +						Food +			Corporate
		Home			Pharma			Beverage			& Other			Total
	Goodwill	$	171,149		$	141,592		$	17,000		$	1,615		$	331,356
	Accumulated impairment losses	--			--			--			(1,615		)	(1,615		)
	Balance as of December 31, 2014	$	171,149		$	141,592		$	17,000		$	--		$	329,741
	Acquisition	--			--			--			--			--
	Foreign currency exchange effects	(6,174		)	(13,449		)	(722		)	--			(20,345		)
	Goodwill	$	164,975		$	128,143		$	16,278		$	1,615		$	311,011
	Accumulated impairment losses	--			--			--			(1,615		)	(1,615		)
	Balance as of March 31, 2015	$	164,975		$	128,143		$	16,278		$	--		$	309,396
Summary of amortized intangible assets
				31-Mar-15									December 31, 2014
	Weighted Average			Gross									Gross
	Amortization			Carrying			Accumulated			Net			Carrying			Accumulated			Net
	Period (Years)			Amount			Amortization			Value			Amount			Amortization			Value
	Amortized intangible assets:
	Patents	7		$	15,216		$	(15,135	)	$	81		$	17,001		$	(16,852	)	$	149
	Acquired Technology	15		31,712			(6,871		)	24,841			35,701			(5,950		)	29,751
	License agreements and other	5		30,597			(20,309		)	10,288			32,804			(22,659		)	10,145
	Total intangible assets	9		$	77,525		$	(42,315	)	$	35,210		$	85,506		$	(45,461	)	$	40,045
Schedule of future estimated amortization expense
	Future estimated amortization expense for the years ending December 31 is as follows:
	2015	$	3,055	(remaining estimated amortization for 2015)
	2016	3,554
	2017	3,132
	2018	3,133
	2019 and thereafter	22,336

RETIREMENT_AND_DEFERRED_COMPEN1

RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2015
RETIREMENT AND DEFERRED COMPENSATION PLANS
Components of net periodic benefit cost
		Domestic Plans						Foreign Plans
	Three months ended March 31,	2015			2014			2015			2014
	Service cost	$	2,504		$	2,011		$	1,160		$	1,079
	Interest cost	1,589			1,482			420			699
	Expected return on plan assets	(1,898		)	(1,646		)	(455		)	(510		)
	Amortization of net loss	1,351			717			425			313
	Amortization of prior service cost	--			--			65			81
	Net periodic benefit cost	$	3,546		$	2,564		$	1,615		$	1,662

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME
Changes in Accumulated Other Comprehensive Income by Component
			Foreign			Defined Benefit			Other			Total
			Currency			Pension Plans
	Balance – December 31, 2013		$	149,965		$	(40,093	)	$	(121	)	$	109,751
	Other comprehensive income before reclassifications		913			--			--			913
	Amounts reclassified from accumulated other comprehensive income		(340		)	718			6			384
	Net current-period other comprehensive income		573			718			6			1,297
	Balance - March 31, 2014		$	150,538		$	(39,375	)	$	(115	)	$	111,048
	Balance – December 31, 2014		$	(42,851	)	$	(67,097	)	$	(97	)	$	(110,045	)
	Other comprehensive income before reclassifications		(139,246		)	--			--			(139,246		)
	Amounts reclassified from accumulated other comprehensive income		--			1,169			6			1,175
	Net current-period other comprehensive income		(139,246		)	1,169			6			(138,071		)
	Balance - March 31, 2015		$	(182,097	)	$	(65,928	)	$	(91	)	$	(248,116	)
Reclassifications Out of Accumulated Other Comprehensive Income
	Details about Accumulated Other		Amount Reclassified from Accumulated						Affected Line in the Statement
	Comprehensive Income Components		Other Comprehensive Income						Where Net Income is Presented
	Three months ended March 31,		2015			2014
	Defined Benefit Pension Plans
	Amortization of net loss		$	1,776		$	1,030		(a)
	Amortization of prior service cost		65			81			(a)
			1,841			1,111			Total before tax
			(672		)	(393		)	Tax benefit
			$	1,169		$	718		Net of tax
	Foreign Currency
	Foreign Currency Gain		--			(340		)	Miscellaneous, net
			--			(340		)	Total before tax
			--			--			Tax benefit
			$	--		$	(340	)	Net of tax
	Other
	Changes in treasury locks		10			9			Interest Expense
			10			9			Total before tax
			(4		)	(3		)	Tax benefit
			$	6		$	6		Net of tax
	Total reclassifications for the period		$	1,175		$	384
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic benefit costs, net of tax (see Note 5 – Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2015
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets
	Derivative Contracts Not Designated as	Balance Sheet		March 31,		December
	Hedging Instruments	Location		2015		31, 2014
	Derivative Assets
	Foreign Exchange Contracts	Prepaid and other		$	7,443	$	1,037
	Foreign Exchange Contracts	Miscellaneous Other Assets		--		7
				$	7,443	$	1,044
	Derivative Liabilities
	Foreign Exchange Contracts	Accounts payable and accrued liabilities		$	4,449	$	2,378
	Foreign Exchange Contracts	Deferred and other non-current liabilities		152		115
				$	4,601	$	2,493
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Income
	The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income
	for the Quarters Ended March 31, 2015 and March 31, 2014
	Derivatives Not Designated as	Location of Gain or (Loss) Recognized in		Amount of Gain or (Loss)
	Hedging Instruments	Income on Derivative		Recognized in Income on
				Derivative
				2015		2014
	Foreign Exchange Contracts	Other Income (Expense) Miscellaneous, net		$	3,253	$	(159	)
				$	3,253	$	(159	)
Schedule of offsetting derivative assets and liabilities
						Net Amounts			Gross Amounts not Offset in the
					Gross Amounts	Presented in			Statement of Financial Position
		Gross			Offset in the	the Statement of			Financial	Cash Collateral	Net
		Amount			Financial Position	Financial Position			Instruments	Received	Amount
	Description
	31-Mar-15
	Derivative Assets	$	7,443		--	$	7,443		--	--	$	7,443
	Total Assets	$	7,443		--	$	7,443		--	--	$	7,443
	Derivative Liabilities	$	4,601		--	$	4,601		--	--	$	4,601
	Total Liabilities	$	4,601		--	$	4,601		--	--	$	4,601
	December 31, 2014
	Derivative Assets	$	1,044		--	$	1,044		--	--	$	1,044
	Total Assets	$	1,044		--	$	1,044		--	--	$	1,044
	Derivative Liabilities	$	2,493		--	$	2,493		--	--	$	2,493
	Total Liabilities	$	2,493		--	$	2,493		--	--	$	2,493

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2015
FAIR VALUE
Schedule of fair values of financial assets and liabilities
	As of March 31, 2015, the fair values of our financial assets and liabilities were categorized as follows:
		Total		Level 1		Level 2		Level 3
	Assets
	Forward exchange contracts (a)	$	7,443	$	--	$	7,443	$	--
	Total assets at fair value	$	7,443	$	--	$	7,443	$	--
	Liabilities
	Forward exchange contracts (a)	$	4,601	$	--	$	4,601	$	--
	Total liabilities at fair value	$	4,601	$	--	$	4,601	$	--
	As of December 31, 2014, the fair values of our financial assets and liabilities were categorized as follows:
		Total		Level 1		Level 2		Level 3
	Assets
	Forward exchange contracts (a)	$	1,044	$	--	$	1,044	$	--
	Total assets at fair value	$	1,044	$	--	$	1,044	$	--
	Liabilities
	Forward exchange contracts (a)	$	2,493	$	--	$	2,493	$	--
	Total liabilities at fair value	$	2,493	$	--	$	2,493	$	--
	(a)   Market approach valuation technique based on observable market transactions of spot and forward rates.

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
STOCK-BASED COMPENSATION
Weighted-average assumptions used to estimate fair value of stock options granted
	Stock Option Plans:
	Three months ended March 31,	2015		2014
	Dividend Yield	1.7	%	1.7	%
	Expected Stock Price Volatility	21.9	%	22.2	%
	Risk-free Interest Rate	1.6	%	2.3	%
	Expected Life of Option (years)	6.9		6.9
Summary of option activity
		Stock Option Plans					Director Stock Option Plans
					Weighted Average					Weighted Average
		Shares			Exercise Price		Shares			Exercise Price
	Outstanding, January 1, 2015	8,107,806			$	46.74	368,668			$	53.52
	Granted	1,391,355			64.6		--			--
	Exercised	(604,717		)	33.56		(32,167		)	36.74
	Forfeited or expired	(11,319		)	59.34		--			--
	Outstanding at March 31, 2015	8,883,125			$	50.42	336,501			$	55.12
	Exercisable at March 31, 2015	6,109,859			$	44.44	155,992			$	47.89
	Weighted-Average Remaining Contractual Term (Years):
	Outstanding at March 31, 2015	6.6					7.4
	Exercisable at March 31, 2015	5.4					6.3
	Aggregate Intrinsic Value ($000):
	Outstanding at March 31, 2015	$	123,889				$	3,118
	Exercisable at March 31, 2015	$	118,581				$	2,438
	Intrinsic Value of Options Exercised ($000) During the Three Months Ended:
	March 31, 2015	$	18,824				$	874
	March 31, 2014	$	6,912				$	--
Summary of restricted stock unit activity
				Weighted-Average
		Shares		Grant-Date Fair Value
	Nonvested at January 1, 2015	61,750		$	64.09
	Granted	11,448		65.87
	Vested	(11,083	)	57.13
	Nonvested at March 31, 2015	62,115		$	65.65

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
EARNINGS PER SHARE
Information related to the calculation of earnings per share
		31-Mar-15				31-Mar-14
		Diluted		Basic		Diluted		Basic
	Consolidated operations
	Income available to common shareholders	$	45,171	$	45,171	$	48,389	$	48,389
	Average equivalent shares
	Shares of common stock	62,292		62,292		65,468		65,468
	Effect of dilutive stock based compensation
	Stock options	2,182		--		2,738		--
	Restricted stock	20		--		26		--
	Total average equivalent shares	64,494		62,292		68,232		65,468
	Net income per share	$	0.7	$	0.73	$	0.71	$	0.74

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
SEGMENT INFORMATION
Financial information regarding the Company's reportable segments
	Three months ended March 31,		2015			2014
	Total Revenue:
	Beauty + Home		$	334,794		$	398,540
	Pharma		178,669			194,349
	Food + Beverage		81,920			90,626
	Total Revenue		$	595,383		$	683,515
	Less: Intersegment Sales:
	Beauty + Home		$	5,380		$	7,304
	Pharma		--			--
	Food + Beverage		192			160
	Total Intersegment Sales		$	5,572		$	7,464
	Net Sales:
	Beauty + Home		$	329,414		$	391,236
	Pharma		178,669			194,349
	Food + Beverage		81,728			90,466
	Net Sales		$	589,811		$	676,051
	Segment Income (1):
	Beauty + Home		$	23,375		$	27,781
	Pharma		52,001			52,482
	Food + Beverage		9,050			9,080
	Corporate & Other		(11,159		)	(11,798		)
	Income before interest and taxes		$	73,267		$	77,545
	Interest expense, net		(5,572		)	(3,865		)
	Income before income taxes		$	67,695		$	73,680
		-1		The Company evaluates performance of our business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
INCOME TAXES
Tax cost of repatriation included in effective tax rate	$0
Expected distribution of foreign earnings	$0

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
INVENTORIES
Inventories accounted for by using the LIFO method (as a percent)	19.00%	19.00%
Inventories, by component
Raw materials	$94,966	$108,618
Work in process	90,354	94,414
Finished goods	106,686	115,809
Total	292,006	318,841
Less LIFO reserve	-7,427	-7,769
Total	$284,579	$311,072

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Changes in the carrying amount of goodwill
Goodwill	$311,011	$331,356
Accumulated impairment losses	-1,615	-1,615
Goodwill, Total	309,396
Goodwill, balance at the beginning of the period	329,741
Foreign currency exchange effects	-20,345
Goodwill, balance at the end of the period	309,396
Operating segment | Beauty + Home
Changes in the carrying amount of goodwill
Goodwill	164,975	171,149
Goodwill, Total	164,975
Goodwill, balance at the beginning of the period	171,149
Foreign currency exchange effects	-6,174
Goodwill, balance at the end of the period	164,975
Operating segment | Pharma
Changes in the carrying amount of goodwill
Goodwill	128,143	141,592
Goodwill, Total	128,143
Goodwill, balance at the beginning of the period	141,592
Foreign currency exchange effects	-13,449
Goodwill, balance at the end of the period	128,143
Operating segment | Food + Beverage
Changes in the carrying amount of goodwill
Goodwill	16,278	17,000
Goodwill, Total	16,278
Goodwill, balance at the beginning of the period	17,000
Foreign currency exchange effects	-722
Goodwill, balance at the end of the period	16,278
Corporate Non-Segment
Changes in the carrying amount of goodwill
Goodwill	1,615	1,615
Accumulated impairment losses	($1,615)	($1,615)

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Amortized intangible assets:
Gross Carrying Amount	$77,525		$85,506
Accumulated Amortization	-42,315		-45,461
Net Value	35,210		40,045
Aggregate amortization expense	1,081	1,398
Future estimated amortization expense
2016	3,554
2017	3,132
2018	3,133
2019 and thereafter	22,336
2015	3,055
Weighted Average
Amortized intangible assets:
Amortization Period	9 years
Patents
Amortized intangible assets:
Gross Carrying Amount	15,216		17,001
Accumulated Amortization	-15,135		-16,852
Net Value	81		149
Patents | Weighted Average
Amortized intangible assets:
Amortization Period	7 years
Acquired technology
Amortized intangible assets:
Gross Carrying Amount	31,712		35,701
Accumulated Amortization	-6,871		-5,950
Net Value	24,841		29,751
Acquired technology | Weighted Average
Amortized intangible assets:
Amortization Period	15 years
License agreements and other
Amortized intangible assets:
Gross Carrying Amount	30,597		32,804
Accumulated Amortization	-20,309		-22,659
Net Value	$10,288		$10,145
License agreements and other | Weighted Average
Amortized intangible assets:
Amortization Period	5 years

INCOME_TAXES_UNCERTAINTIES_Det

INCOME TAXES UNCERTAINTIES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
INCOME TAX UNCERTAINITIES
Income tax uncertainties	$5.80	$6.40
Change in income tax uncertainties	0.6
Amount of income tax uncertainties that, if recognized, would impact the effective tax rate	5.7	6.3
Decrease in liability for uncertain tax positions, high end of range	$5.40
Number of months, in which liability for uncertain tax positions will decrease	12 months

RETIREMENT_AND_DEFERRED_COMPEN2

RETIREMENT AND DEFERRED COMPENSATION PLANS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Domestic Plans
Components of net periodic benefit cost:
Service cost	$2,504,000	$2,011,000
Interest cost	1,589,000	1,482,000
Expected return on plan assets	-1,898,000	-1,646,000
Amortization of net loss	1,351,000	717,000
Net periodic benefit cost	3,546,000	2,564,000
Expected contribution in current fiscal year	10,000,000
Minimum funding requirement	0
Employer contributions	0
Foreign Plans
Components of net periodic benefit cost:
Service cost	1,160,000	1,079,000
Interest cost	420,000	699,000
Expected return on plan assets	-455,000	-510,000
Amortization of net loss	425,000	313,000
Amortization of prior service cost	65,000	81,000
Net periodic benefit cost	1,615,000	1,662,000
Expected contribution in current fiscal year	12,800,000
Employer contributions	$600,000

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accumulated other comprehensive income activity
Balance at the beginning of the period	($110,045)	$109,751
Other comprehensive income/ (loss) before reclassifications	-139,246	913
Amounts reclassified from accumulated other comprehensive income	1,175	384
Net current-period other comprehensive income / (loss)	-138,071	1,297
Balance at the end of the period	-248,116	111,048
Foreign Currency
Accumulated other comprehensive income activity
Balance at the beginning of the period	-42,851	149,965
Other comprehensive income/ (loss) before reclassifications	-139,246	913
Amounts reclassified from accumulated other comprehensive income		-340
Net current-period other comprehensive income / (loss)	-139,246	573
Balance at the end of the period	-182,097	150,538
Defined Benefit Pension Plans
Accumulated other comprehensive income activity
Balance at the beginning of the period	-67,097	-40,093
Amounts reclassified from accumulated other comprehensive income	1,169	718
Net current-period other comprehensive income / (loss)	1,169	718
Balance at the end of the period	-65,928	-39,375
Other
Accumulated other comprehensive income activity
Balance at the beginning of the period	-97	-121
Amounts reclassified from accumulated other comprehensive income	6	6
Net current-period other comprehensive income / (loss)	6	6
Balance at the end of the period	($91)	($115)

ACCUMULATED_OTHER_COMPREHENSIV3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense	$7,303	$4,881
Miscellaneous, net	199	-372
Total before tax	-67,695	-73,680
Tax benefit	22,596	25,272
Total reclassifications for the period	-45,171	-48,389
Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Total reclassifications for the period	1,175	384
Defined Benefit Pension Plans | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Amortization of net loss	1,776	1,030
Amortization of prior service cost	65	81
Total before tax	1,841	1,111
Tax benefit	-672	-393
Total reclassifications for the period	1,169	718
Foreign Currency | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Miscellaneous, net		-340
Total before tax		-340
Total reclassifications for the period		-340
Other | Treasury locks | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense	10	9
Total before tax	10	9
Tax benefit	-4	-3
Total reclassifications for the period	$6	$6

DERIVATIVE_INSTRUMENTS_AND_HED2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Aggregate amount of forward exchange contracts outstanding	$152,800,000
Fair Value of Derivative Instruments
Derivative Assets	7,443,000	1,044,000
Derivative Liabilities	4,601,000	2,493,000
Derivative Contracts Not Designated as Hedging Instruments
Fair Value of Derivative Instruments
Derivative Assets	7,443,000	1,044,000
Derivative Liabilities	4,601,000	2,493,000
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Prepaid and other
Fair Value of Derivative Instruments
Derivative Assets	7,443,000	1,037,000
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Miscellaneous Other Assets
Fair Value of Derivative Instruments
Derivative Assets		7,000
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts payable and accrued liabilities
Fair Value of Derivative Instruments
Derivative Liabilities	4,449,000	2,378,000
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Deferred and other non-current liabilities
Fair Value of Derivative Instruments
Derivative Liabilities	$152,000	$115,000

DERIVATIVE_INSTRUMENTS_AND_HED3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Derivative instruments, gain or (loss)
Foreign Exchange Contract, Amount of Gain (Loss) Recognized in Income on Derivative, not designated as hedging instruments	$3,253	($159)
Foreign Exchange Contracts
Derivative instruments, gain or (loss)
Foreign Exchange Contract, Amount of Gain (Loss) Recognized in Income on Derivative, not designated as hedging instruments	$3,253	($159)

DERIVATIVE_INSTRUMENTS_AND_HED4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 3) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Assets
Gross Amount	$7,443	$1,044
Net Amounts Presented in the Statement of Financial Position	7,443	1,044
Net Amount	7,443	1,044
Derivative Liabilities
Gross Amount	4,601	2,493
Net Amounts Presented in the Statement of Financial Position	4,601	2,493
Net Amount	$4,601	$2,493

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Liabilities
Fair value of long-term obligations	$846,000,000	$606,000,000
Assets and liabilities measured at fair value on recurring basis | Total
Assets
Forward exchange contracts, assets	7,443,000	1,044,000
Total assets at fair value	7,443,000	1,044,000
Liabilities
Forward exchange contracts, liabilities	4,601,000	2,493,000
Total liabilities at fair value	4,601,000	2,493,000
Assets and liabilities measured at fair value on recurring basis | Level 2
Assets
Forward exchange contracts, assets	7,443,000	1,044,000
Total assets at fair value	7,443,000	1,044,000
Liabilities
Forward exchange contracts, liabilities	4,601,000	2,493,000
Total liabilities at fair value	$4,601,000	$2,493,000

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (Indemnification agreements, USD $)	Mar. 31, 2015
Indemnification agreements
Commitments and contingencies
Liabilities recorded under indemnification agreements	$0

STOCK_REPURCHASE_PROGRAM_Detai

STOCK REPURCHASE PROGRAM (Details) (USD $)	3 Months Ended	0 Months Ended
Share data in Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 17, 2014	Oct. 30, 2014	Dec. 16, 2014
Stock repurchase program
Number of shares repurchased	200
Aggregate amount of share repurchases (in dollars)	$12,999,000
Share repurchases authorized amount			350,000,000
ASR Program
Stock repurchase program
Number of shares repurchased		3,100
Aggregate amount of share repurchases (in dollars)		250,000,000
Share repurchases authorized amount				$250,000,000
Percentage of the total number of shares expected to be purchased in the ASR		80.00%

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
STOCK-BASED COMPENSATION
Proceeds from stock option exercises	$20,398,000	$7,770,000
Stock options
STOCK-BASED COMPENSATION
Award vesting period	3 years
Expiration period	10 years
Compensation expense	8,800,000	8,400,000
Compensation expense, net of tax	5,700,000	5,500,000
Income tax benefit related to compensation expense	3,100,000	2,900,000
Weighted-average fair value of stock options granted (in dollars per share)	$12.83	$14.84
Fair value of shares vested	14,800,000	13,000,000
Proceeds from stock option exercises	20,400,000
Actual tax benefit realized for the tax deduction from option exercises	5,200,000
Unrecognized compensation cost expected to be recognized in future periods	21,800,000
Weighted-average period over which compensation cost is expected to be recognized	1 year 7 months 6 days
Stock options | Selling, research & development and administrative expenses
STOCK-BASED COMPENSATION
Compensation expense	8,000,000	7,600,000
Stock Option Plans | Stock options
Assumptions used to estimate fair value of stock options granted
Dividend Yield (as a percent)	1.70%	1.70%
Expected Stock Price Volatility (as a percent)	21.90%	22.20%
Risk-free Interest Rate (as a percent)	1.60%	2.30%
Expected Life of Option (years)	6 years 10 months 24 days	6 years 10 months 24 days
Stock options activity
Outstanding at the beginning of the period (in shares)	8,107,806
Granted (in shares)	1,391,355
Exercised (in shares)	-604,717
Forfeited or expired (in shares)	-11,319
Outstanding at the end of the period (in shares)	8,883,125
Exercisable at the end of the period (in shares)	6,109,859
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$46.74
Granted (in dollars per share)	$64.60
Exercised (in dollars per share)	$33.56
Forfeited or expired (in dollars per share)	$59.34
Outstanding at the end of the period (in dollars per share)	$50.42
Exercisable at the end of the period (in dollars per share)	$44.44
Weighted-Average Remaining Contractual Term (Years):
Outstanding at the end of the period	6 years 7 months 6 days
Exercisable at the end of the period	5 years 4 months 24 days
Aggregate Intrinsic Value:
Outstanding at the end of the period	123,889,000
Exercisable at the end of the period	118,581,000
Intrinsic Value of Options Exercised	18,824,000	6,912,000
Stock Option Plans | Restricted stock units
STOCK-BASED COMPENSATION
Award vesting period	3 years
Compensation expense	727,000	733,000
Unrecognized compensation cost expected to be recognized in future periods	2,000,000
Weighted-average period over which compensation cost is expected to be recognized	1 year 6 months
Restricted stock unit activity
Balance at the beginning of the period (in shares)	61,750
Granted (in shares)	11,448
Vested (in shares)	-11,083
Balance at the end of the period (in shares)	62,115
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$64.09
Granted (in dollars per share)	$65.87
Vested (in dollars per share)	$57.13
Nonvested at the end of the period (in dollars per share)	$65.65
Fair value of units vested	633,000	491,000
Intrinsic value of units vested	732,000	613,000
Director Stock Option Plans | Stock options
Stock options activity
Outstanding at the beginning of the period (in shares)	368,668
Exercised (in shares)	-32,167
Outstanding at the end of the period (in shares)	336,501
Exercisable at the end of the period (in shares)	155,992
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$53.52
Exercised (in dollars per share)	$36.74
Outstanding at the end of the period (in dollars per share)	$55.12
Exercisable at the end of the period (in dollars per share)	$47.89
Weighted-Average Remaining Contractual Term (Years):
Outstanding at the end of the period	7 years 4 months 24 days
Exercisable at the end of the period	6 years 3 months 18 days
Aggregate Intrinsic Value:
Outstanding at the end of the period	3,118,000
Exercisable at the end of the period	2,438,000
Intrinsic Value of Options Exercised	874,000
New long-term incentive program
STOCK-BASED COMPENSATION
Compensation expense	227,000	159,000
Performance period used to measure cumulative total shareholder return of common stock	3 years
Expected total expense related to program over the performance period	$2,300,000

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
EARNINGS PER SHARE
Authorized common stock (in shares)	199,000,000		199,000,000
Common stock, par value (in dollars per share)	$0.01		$0.01
Diluted
Income available to common stockholders (in dollars)	$45,171	$48,389
Shares of common stock	62,292,000	65,468,000
Total average equivalent shares	64,494,000	68,232,000
Net income per share, diluted (in dollars per share)	$0.70	$0.71
Basic
Income available to common stockholders (in dollars)	$45,171	$48,389
Shares of common stock	62,292,000	65,468,000
Net income per share, basic (in dollars per share)	$0.73	$0.74
Stock options
Diluted
Effect of dilutive stock based compensation (in shares)	2,182,000	2,738,000
Restricted stock units
Diluted
Effect of dilutive stock based compensation (in shares)	20,000	26,000

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
	segment
SEGMENT INFORMATION
Number of reportable segments	3
Financial information regarding the Company's reportable segments
Net Sales	$589,811	$676,051
Income before interest and taxes	73,267	77,545
Interest expense, net	-5,572	-3,865
Income before Income Taxes	67,695	73,680
Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	329,414	391,236
Income before interest and taxes	23,375	27,781
Pharma
Financial information regarding the Company's reportable segments
Net Sales	178,669	194,349
Income before interest and taxes	52,001	52,482
Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	81,728	90,466
Income before interest and taxes	9,050	9,080
Corporate & Other
Financial information regarding the Company's reportable segments
Income before interest and taxes	-11,159	-11,798
Operating segment
Financial information regarding the Company's reportable segments
Net Sales	595,383	683,515
Operating segment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	334,794	398,540
Operating segment | Pharma
Financial information regarding the Company's reportable segments
Net Sales	178,669	194,349
Operating segment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	81,920	90,626
Intersegment
Financial information regarding the Company's reportable segments
Net Sales	-5,572	-7,464
Intersegment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	-5,380	-7,304
Intersegment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	($192)	($160)

INSURANCE_SETTLEMENT_RECEIVABL1

INSURANCE SETTLEMENT RECEIVABLE (Details) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
INSURANCE SETTLEMENT RECEIVABLE
Insurance receivable	$2