DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2023

DERIVATIVES

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

	March 31, 2023								December 31, 2022
	Other		Other						Other		Other
	Current		Current		Other		Other		Current		Current		Other		Other
Derivatives by hedge designation	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	3,678	$	618	$	—	$	—	$	1,467	$	738	$	—	$	—
Interest rate swap agreements		—		—		877		—		—		—		—		—
Forward starting swap agreements		—		—		17,651		—		—		—		19,291		—
Net investment contracts		—		2,947		—		—		—		2,229		—		—
Commodity contracts		155		—		—		—		181		33		—		—
Not designated as hedging instruments:
Foreign exchange contracts		5,378		536		—		—		2,348		790		—		—
Total derivatives	$	9,211	$	4,101	$	18,528	$	—	$	3,996	$	3,790	$	19,291	$	—

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

		Three Months Ended March 31,
Derivatives by hedge designation	Classification of gain (loss)	2023		2022
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	6,690	$	1,897

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

Total gain recognized in AOCI, net of tax	March 31, 2023		December 31, 2022
Foreign exchange contracts	$	1,769	$	627
Interest rate swap agreements		656		—
Forward starting swap agreements		11,950		13,191
Net investment contracts		8,599		9,440
Commodity Contracts		66		91

		Three Months Ended March 31,
	Gain (loss) recognized in the
Derivative type	Consolidated Statements of Income:	2023		2022
Foreign exchange contracts	Sales	$	1,206	$	180
	Cost of goods sold		3		(455)
Commodity contracts	Cost of goods sold		179		—