DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2023

DERIVATIVES

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

	September 30, 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	$	2,079	$	786	$	—	$	—	$	1,467	$	738	$	—	$	—
Interest rate swap agreements		—		—		3,946		—		—		—		—		—
Forward starting swap agreements		—		—		24,877		—		—		—		19,291		—
Net investment contracts		291		—		—		—		—		2,229		—		—
Commodity contracts		—		—		—		—		181		33		—		—
Not designated as hedging instruments:
Foreign exchange contracts		1,157		2,162		—		—		2,348		790		—		—
Total derivatives	$	3,527	$	2,948	$	28,823	$	—	$	3,996	$	3,790	$	19,291	$	—

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

		Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives by hedge designation	Classification of gain (loss)	2023		2022		2023		2022
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(6,705)	$	(3,374)	$	5,066	$	(2,836)

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	September 30, 2023		December 31, 2022
Foreign exchange contracts	$	715	$	627
Interest rate swap agreements		2,952		—
Forward starting swap agreements		17,150		13,191
Net investment contracts		10,295		9,440
Commodity contracts		—		91

		Three Months Ended September 30,				Nine Months Ended September 30,
	Gain (loss) recognized in the
Derivative type	Consolidated Statements of Income:	2023		2022		2023		2022
Foreign exchange contracts	Sales	$	1,757	$	229	$	4,847	$	590
	Cost of goods sold		159		573		187		1,202
Commodity contracts	Cost of goods sold		(3)		(319)		194		(40)