FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

3 Months Ended

Mar. 31, 2014

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The location and amounts of derivative instrument fair values in the condensed consolidated balance sheet are below.



	(In thousands)
	March 31, 2014		December 31, 2013
Assets
Undesignated for hedge accounting
Forward exchange contracts	$	67	$	605
Total asset derivatives (A)	$	67	$	605
Liabilities
Designated for hedge accounting
Interest rate swaps	$	37,070	$	49,845
Undesignated for hedge accounting
Forward exchange contracts	$	193	$	277
Total liability derivatives (B)	$	37,263	$	50,122

(A)Forward exchange derivatives are included in Other current assets.

(B)Forward exchange derivatives are included in Other current liabilities and interest rate swap liabilities are included in Other liabilities.

The location and amount of gains or losses on the hedged fixed rate debt attributable to changes in the market interest rates and the offsetting gain (loss) on the related interest rate swaps for the three months ended March 31, were as follows:



	Gain/(Loss) on Swap					Gain/(Loss) on Borrowings
	Three Months Ended					Three Months Ended
(In thousands)	March 31,					March 31,
Income Statement Classification	2014		2013			2014			2013
Other income, net	$	12,775	$	(10,950	)	$	(12,775	)	$	10,950

Undesignated hedges

The location and amount of gains and losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the three months ended March 31, were as follows:



	Three Months Ended
(In thousands)	March 31,
Derivatives not designated as hedging instrument	2014			2013
Forward exchange contracts:
General and administrative expenses	$	(2,950	)	$	(1,561	)

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]



	(In thousands)
	March 31, 2014				December 31, 2013
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Industrial revenue bond, due 2023	$	8,400	$	8,400	$	8,400	$	8,400
Revolving credit agreement, due 2017	50,000		50,000		50,000		50,000
5.51% Senior notes due 2017	150,000		163,324		150,000		163,059
3.84% Senior notes due 2021	99,027		99,027		98,632		98,632
3.70% Senior notes due 2023	225,000		216,947		225,000		209,140
3.85% Senior notes due 2025	91,564		91,564		88,555		88,555
4.24% Senior notes due 2026	180,096		180,096		173,557		173,557
4.05% Senior notes due 2028	67,243		67,243		64,411		64,411
4.11% Senior notes due 2028	100,000		92,569		100,000		89,252
Other debt	705		705		1,383		1,383
Total debt	$	972,035	$	969,875	$	959,938	$	946,389