Financial Instrument (Tables)

6 Months Ended

Jun. 30, 2011

Financial Instruments (Tables) [Abstract]

			June 30,				December 31,
			2011				2010
			Carrying		Fair		Carrying		Fair
			Amount		Value		Amount		Value
Non-derivatives
Assets
	Cash and cash equivalents	$	449,253	$	449,253	$	522,870	$	522,870
	Accounts Receivable		3,061,906		3,061,906		2,687,234		2,687,234
	Long-term Notes Receivable		234,215		239,701		-		-

Liabilities
	Accounts payable		626,635		626,635		542,524		542,524
	Short-term borrowings		760,957		760,957		670,671		670,671
	Short-term borrowings from related parties		161,363		161,363		9,683		9,683
	Long term debt, excluding Amended 2006 Senior Credit Agreement, Euro Notes and Senior Notes		498,173		498,173		528,082		528,082
	Amended 2006 Senior Credit Agreement		3,474,088		3,467,077		2,953,890		2,937,504
	Senior Notes		1,929,959		1,957,191		824,446		880,366
	Euro Notes		289,060		297,205		267,240		276,756
	Trust Preferred Securities		-		-		625,549		643,828
Noncontrolling interests subject to put provisions			306,723		306,723		279,709		279,709

Derivative Financial Instruments Valuation

			June 30, 2011				December 31, 2010
			June 30, 2011				December 31, 2010
				Assets⁽²⁾		Liabilities⁽²⁾		Assets⁽²⁾		Liabilities⁽²⁾
Derivatives in cash flow hedging relationships ⁽¹⁾
	Current
		Foreign exchange contracts		77,491		(3,070)		3,703		(51,816)
		Interest rate contracts		-		(35,838)		-		(51,604)
	Non-current
		Foreign exchange contracts		12		-		810		(486)
		Interest rate contracts		-		(27,301)		-		(73,221)
Total			$	77,503	$	(66,209)	$	4,513	$	(177,127)

Derivatives not designated as hedging instruments ⁽¹⁾
	Current
		Foreign exchange contracts		17,243		(15,889)		3,517		(20,751)

	Non-current
		Foreign exchange contracts		7,414		(7,202)		509		(213)
Total			$	24,657	$	(23,091)	$	4,026	$	(20,964)

	(1) As of June 30, 2011, the valuation of the Company`s derivatives was determined using Significant Other Observable Inputs (Level 2) in accordance with the fair value hierarchy levels established in U.S. GAAP.
	(2) Derivative instruments are marked to market each reporting period resulting in carrying amounts being equal to fair values at the reporting date.

Effect of Derivatives on the Consolidated Financial Statements

The Effect of Derivatives on the Consolidated Financial Statements

		Amount of Gain or (Loss) Recognized in OCI on Derivatives				Location of (Gain) or Loss Reclassified from AOCI in Income		Amount of (Gain) or Loss Reclassified from AOCI in Income
Derivatives in Cash Flow Hedging Relationships

		(Effective Portion) for the six months ended June 30,						(Effective Portion) for the six months ended June 30,
		2011		2010		(Effective Portion)		2011		2010

Interest rate contracts	$	9,478	$	(52,710)		Interest income/expense	$	-	$	-
Foreign exchange contracts		(7,945)		(22,130)		Costs of Revenue		596		1,889

	$	1,533	$	(74,840)			$	596	$	1,889


Derivatives not Designated as Hedging Instruments				Amount of (Gain) or Loss Recognized in Income on Derivatives for the six months ended June 30,
		Location of (Gain) or Loss Recognized in Income on Derivative

				2011		2010

Foreign exchange contracts		Selling, general and administrative expense
		Selling, general and administrative expense	$	(24,714)	$	42,864
		Interest income/expense		5,559		(9,247)

			$	(19,155)	$	33,617

- Definition

This item represents certain of the disclosures concerning the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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