Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:

	March 31, 2017		December 31, 2016
Short-term
Current portion of long-term debt and short-term borrowings	$	357,126	$	6,950
Commercial paper	391,300		407,600
Notes payable and current maturities of long-term debt	$	748,426	$	414,550

Schedule of Long-term Debt Instruments

			Carrying amount (1)
	Principal		March 31, 2017			December 31, 2016
Long-term
5.45% 10-year notes due March 15, 2018	$	350,000	$	349,623		$	349,502
2.125% 7-year notes due December 1, 2020 (euro-denominated)	323,957		322,207			311,851
4.30% 10-year notes due March 1, 2021	450,000		448,554			448,458
3.150% 10-year notes due November 15, 2025	400,000		394,189			394,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)	647,913		637,200			616,893
6.65% 30-year debentures due June 1, 2028	200,000		198,879			198,830
5.375% 30-year debentures due October 15, 2035	300,000		295,374			295,316
6.60% 30-year notes due March 15, 2038	250,000		247,628			247,593
5.375% 30-year notes due March 1, 2041	350,000		343,393			343,323
Other			1,716			1,969
Total debt			3,238,763			3,207,777
Less long-term debt current portion			(350,801		)	(1,140		)
Net long-term debt			$	2,887,962		$	3,206,637