Borrowings (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:

	June 30, 2017		December 31, 2016
Short-term
Current portion of long-term debt and short-term borrowings	$	353,065	$	6,950
Commercial paper	253,900		407,600
Notes payable and current maturities of long-term debt	$	606,965	$	414,550

Schedule of Long-term Debt Instruments

			Carrying amount (1)
	Principal		June 30, 2017			December 31, 2016
Long-term
5.45% 10-year notes due March 15, 2018	$	350,000	$	349,721		$	349,502
2.125% 7-year notes due December 1, 2020 (euro-denominated)	€	300,000	334,173			311,851
4.30% 10-year notes due March 1, 2021	$	450,000	448,647			448,458
3.150% 10-year notes due November 15, 2025	$	400,000	394,358			394,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	660,931			616,893
6.65% 30-year debentures due June 1, 2028	$	200,000	198,904			198,830
5.375% 30-year debentures due October 15, 2035	$	300,000	295,436			295,316
6.60% 30-year notes due March 15, 2038	$	250,000	247,657			247,593
5.375% 30-year notes due March 1, 2041	$	350,000	343,462			343,323
Other			3,021			1,969
Total debt			3,276,310			3,207,777
Less long-term debt current portion			(350,838		)	(1,140		)
Net long-term debt			$	2,925,472		$	3,206,637

⁽¹⁾ Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were

$18.0 million and $18.8 million as of June 30, 2017 and December 31, 2016, respectively. Total deferred debt issuance costs were $15.9 million and $16.5 million as of June 30, 2017 and December 31, 2016, respectively.