DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2024

DERIVATIVES

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

	September 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	$	264	$	3,074	$	—	$	—	$	1,548	$	687	$	—	$	—
Interest rate swap agreements		—		—		—		—		—		—		1,460		—
Forward starting swap agreements		—		—		—		—		—		—		20,377		—
Net investment contracts		—		4,747		—		—		—		3,351		—		—
Commodity contracts		20		—		—		—		45		—		—		—
Not designated as hedging instruments:
Foreign exchange contracts		679		2,735		—		—		4,063		623		—		—
Total derivatives	$	963	$	10,556	$	—	$	—	$	5,656	$	4,661	$	21,837	$	—

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 (loss) gain	2024		2023		2024		2023
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	3,108	$	(6,705)	$	(3,663)	$	5,066

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	September 30, 2024		December 31, 2023
Foreign exchange contracts	$	(2,019)	$	721
Interest rate swap agreements		—		1,085
Forward starting swap agreements		18,534		14,696
Net investment contracts		4,120		7,136
Commodity contracts		15		34

		Three Months Ended September 30,				Nine Months Ended September 30,
	Gain (loss) recognized in the
Derivative type	Consolidated Statements of Income:	2024		2023		2024		2023
Foreign exchange contracts	Sales	$	(630)	$	1,757	$	657	$	4,847
	Cost of goods sold		40		159		524		187
Commodity contracts	Cost of goods sold		26		(3)		92		194
Forward starting swap agreements	Interest expense, net		639		—		706		—