Borrowings (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consist of the following:

	September 30, 2016		December 31, 2015
Short-term
Current portion of long-term debt	$	6,880	$	122
Commercial paper	507,100		151,000
Total short-term borrowings	$	513,980	$	151,122

Schedule of Long-term Debt Instruments

	September 30, 2016			December 31, 2015
Long-term
5.45% 10-year notes due March 15, 2018	$	349,505		$	349,258
2.125% 7-year notes due December 1, 2020 (euro-denominated)	336,389			328,592
4.30% 10-year notes due March 1, 2021	449,885			449,865
3.150% 10-year notes due November 15, 2025	397,182			396,951
6.65% 30-year debentures due June 1, 2028	199,578			199,552
5.375% 30-year debentures due October 15, 2035	296,963			296,844
6.60% 30-year notes due March 15, 2038	248,102			248,036
5.375% 30-year notes due March 1, 2041	346,109			345,989
Other, less current installments	2,465			2,255
Total long-term debt	2,626,178			2,617,342
Unamortized debt issuance costs	(12,417		)	(13,687		)
Total long-term debt, net of debt issuance costs	$	2,613,761		$	2,603,655

Schedule of Interest expense and interest income

Interest expense and interest income for the three and nine months ended September 30, 2016 and 2015 were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Interest expense	$	33,789		$	33,098		$	100,886		$	99,156
Interest income	(795		)	(1,115		)	(4,021		)	(3,148		)
Interest expense, net	$	32,994		$	31,983		$	96,865		$	96,008