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Financial Instrument (Tables)

3 Months Ended

Mar. 31, 2014

Financial Instruments (Tables) [Abstract]

				March 31,			December 31,
				2014			2013
		Fair Value		Carrying	Fair		Carrying	Fair
		Hierarchy		Amount	Value		Amount	Value
Assets
	Cash and cash equivalents	1	$	574,127	574,127	$	682,777	682,777
	Accounts Receivable⁽¹⁾	2		3,251,520	3,251,520		3,190,392	3,190,392
	Notes Receivable	3		166,631	184,242		165,807	175,768

Liabilities
	Accounts payable⁽¹⁾	2		714,897	714,897		666,526	666,526
	Short-term borrowings⁽¹⁾	2		291,540	291,540		158,990	158,990
	Long term debt, excluding 2012 Credit Agreement, Euro Notes and Senior Notes	2		534,950	534,950		679,847	679,847
	2012 Credit Agreement	2		2,910,561	2,910,561		2,707,145	2,710,270
	Senior Notes	2		4,825,384	5,332,253		4,824,753	5,348,679
	Euro Notes	2		46,535	46,722		46,545	47,423
Noncontrolling interests subject to put provisions		3		631,940	631,940		648,251	648,251

(1) Also includes amounts receivable from or payable to related parties.

Derivative Financial Instruments Valuation

			March 31, 2014				December 31, 2013
			March 31, 2014				December 31, 2013
				Assets⁽²⁾		Liabilities⁽²⁾		Assets⁽²⁾		Liabilities⁽²⁾
Derivatives in cash flow hedging relationships ⁽¹⁾
	Current
		Foreign exchange contracts		3,235		(2,856)		4,985		(2,719)
	Non-current
		Foreign exchange contracts		204		-		759		(374)
		Interest rate contracts		-		(4,553)		-		(4,392)
Total			$	3,439	$	(7,409)	$	5,744	$	(7,485)

Derivatives not designated as hedging instruments ⁽¹⁾
	Current
		Foreign exchange contracts		15,373		(15,449)		11,679		(22,982)

	Non-current
		Foreign exchange contracts		556		(648)		1,060		(820)
Total			$	15,929	$	(16,097)	$	12,739	$	(23,802)

(1) At March 31, 2014 and December 31, 2013, 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 three months ended March 31,							(Effective Portion) for the three months ended March 31,
		2014		2013	(Effective Portion)			2014			2013

Interest rate contracts	$	(125)	$	6,470	Interest income/expense		$	7,358		$	6,365
Foreign exchange contracts		(845)		3,991	Costs of Revenue			571			(1,345)
Foreign exchange contracts					Interest income/expense			-			416

	$	(970)	$	10,461			$	7,929		$	5,436


Derivatives not Designated as Hedging Instruments				Amount of (Gain) or Loss Recognized in Income on Derivatives for the three months ended March 31,
		Location of (Gain) or Loss Recognized in Income on Derivative

				2014		2013

Foreign exchange contracts		Selling, general and administrative expense	$	(2,298)	$	(21,812)
		Selling, general and administrative expense
Foreign exchange contracts		Interest income/expense		1,226		1,966

			$	(1,072)	$	(19,846)

- Definition

Tabular disclosure of 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details