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Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Components of Debt
Debt consisted of the following:
(DOLLARS IN THOUSANDS)Effective Interest RateJune 30, 2020December 31, 2019
2020 Notes(1)
3.69 %$299,816  $299,381  
2021 Euro Notes(1)
0.82 %336,274  334,561  
2023 Notes(1)
3.30 %299,156  299,004  
2024 Euro Notes(1)
1.88 %560,644  558,124  
2026 Euro Notes(1)
1.93 %893,879  890,183  
2028 Notes(1)
4.57 %396,845  396,688  
2047 Notes(1)
4.44 %493,782  493,571  
2048 Notes(1)
5.12 %786,105  785,996  
Term Loan(1)
3.65 %239,723  239,621  
Amortizing Notes(1)
6.09 %59,513  82,079  
Bank overdrafts and other1,107  3,131  
Deferred realized gains on interest rate swaps57  57  
Total debt4,366,901  4,382,396  
Less: Short-term borrowings(2)
(185,200) (384,958) 
Total Long-term debt$4,181,701  $3,997,438  
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(1)Amount is net of unamortized discount and debt issuance costs.
(2)Includes bank borrowings, overdrafts and current portion of long-term debt.