FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

6 Months Ended

Jun. 30, 2016

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)	June 30, 2016		December 31, 2015
Assets
Designated for hedge accounting
Interest rate swaps	$	—	$	3,083
Undesignated for hedge accounting
Forward exchange contracts	$	374	$	223
Total asset derivatives (A)	$	374	$	3,306
Liabilities
Undesignated for hedge accounting
Forward exchange contracts	961		673
Total liability derivatives (B)	$	961	$	673

(A)Forward exchange derivatives are included in Other current assets and interest rate swap assets are included in Other assets.

(B)Forward exchange derivatives are included in Other current liabilities

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

three and six months ended June 30, 2016 and 2015, were as follows:



	Three Months Ended					Six Months Ended
(In thousands)	June 30,					June 30,
	2016		2015			2016		2015
Other income, net
Loss on interest rate swaps	$	—	$	(16,232	)	$	—	$	(4,322	)
Gain on hedged fixed rate debt	—		16,232			—		4,322
Total	$	—	$	—		$	—	$	—

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 and six months ended June 30, were as follows:



	Three Months Ended					Six Months Ended
(In thousands)	June 30,					June 30,
Derivatives not designated as hedging instrument	2016			2015		2016			2015
Forward exchange contracts:
General and administrative expenses	$	(4,452	)	$	2,528	$	(5,036	)	$	1,556

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



	June 30, 2016						December 31, 2015
(In thousands)	Carrying Value			Estimated Fair Value			Carrying Value			Estimated Fair Value
5.51% Senior notes due 2017	150,000			156,982			150,000			158,024
3.84% Senior notes due 2021	100,000			105,589			100,307			100,307
3.70% Senior notes due 2023	225,000			235,497			225,000			224,322
3.85% Senior notes due 2025	100,000			105,565			100,450			100,450
4.24% Senior notes due 2026	200,000			216,485			201,422			201,422
4.05% Senior notes due 2028	75,000			79,699			75,904			75,904
4.11% Senior notes due 2028	100,000			106,909			100,000			99,720
Other debt	1,113			1,113			1,259			1,259
Total debt	951,113			1,007,839			954,342			961,408
Unamortized debt issuance costs (1)	(1,060		)	(1,060		)	(1,137		)	(1,137		)
Unamortized interest rate swap proceeds (2)	17,511			17,511			—			—
Total debt, net	$	967,564		$	1,024,290		$	953,205		$	960,271