DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2024

DERIVATIVES

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

	June 30, 2024								December 31, 2023
	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	$	418	$	1,735	$	—	$	—	$	1,548	$	687	$	—	$	—
Interest rate swap agreements		—		—		—		—		—		—		1,460		—
Forward starting swap agreements		—		—		—		—		—		—		20,377		—
Net investment contracts		2,022		—		—		—		—		3,351		—		—
Commodity contracts		73		—		—		—		45		—		—		—
Not designated as hedging instruments:
Foreign exchange contracts		661		884		—		—		4,063		623		—		—
Total derivatives	$	3,174	$	2,619	$	—	$	—	$	5,656	$	4,661	$	21,837	$	—

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

		Three Months Ended June 30,				Six Months Ended June 30,
Derivatives by hedge designation	Classification of (loss) gain	2024		2023		2024		2023
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(5,155)	$	5,080	$	(6,771)	$	11,770

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

Total gain (loss) recognized in AOCI, net of tax	June 30, 2024		December 31, 2023
Foreign exchange contracts	$	(921)	$	721
Interest rate swap agreements		—		1,085
Forward starting swap agreements		18,376		14,696
Net investment contracts		9,672		7,136
Commodity contracts		35		34

		Three Months Ended June 30,				Six Months Ended June 30,
	Gain recognized in the
Derivative type	Consolidated Statements of Income:	2024		2023		2024		2023
Foreign exchange contracts	Sales	$	447	$	1,884	$	1,286	$	3,090
	Cost of goods sold		251		27		484		28
Commodity contracts	Cost of goods sold		65		16		66		196
Forward starting swap agreements	Interest expense, net		66		—		66		—