Borrowings (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consist of the following:

	March 31, 2016		December 31, 2015
Short-term
Current portion of long-term debt	$	4,558	$	122
Commercial paper	401,300		151,000
	$	405,858	$	151,122

Schedule of Long-term Debt Instruments

	March 31, 2016			December 31, 2015
Long-term
5.45% 10-year notes due March 15, 2018	349,340			349,258
2.125% 7-year notes due December 1, 2020 (Euro-denominated)	334,783			328,592
4.30% 10-year notes due March 1, 2021	449,872			449,865
3.150% 10-year notes due November 15, 2025	397,028			396,951
6.65% 30-year debentures due June 1, 2028	199,560			199,552
5.375% 30-year debentures due October 15, 2035	296,884			296,844
6.60% 30-year notes due March 15, 2038	248,058			248,036
5.375% 30-year notes due March 1, 2041	346,029			345,989
Other, less current installments	2,233			2,255
Total long-term debt	2,623,787			2,617,342
Unamortized debt issuance costs	(13,145		)	(13,687		)
Long-term debt, net of debt issuance costs	$	2,610,642		$	2,603,655

Schedule of Interest expense and interest income

Interest expense and interest income for the three months ended March 31, 2016 and 2015 were as follows:

	Three Months Ended March 31,
	2016			2015
Interest expense	$	33,318		$	33,005
Interest income	(1,604		)	(968		)
Interest expense, net	$	31,714		$	32,037