Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of carrying values and estimated fair values of debt instruments

The fair values and carrying values of our debt instruments are detailed as follows:

	March 31, 2018					December 31, 2017
	Fair Value			Carrying Value		Fair Value		Carrying Value
3.85% senior notes, payable February 1, 2023; interest payable semiannually	$	611,394		600,000		622,752		600,000
2.00% senior notes, payable January 14, 2022; interest payable annually	650,302			616,143		634,193		600,096
Floating Rate Notes, payable September 11, 2019, interest payable quarterly	370,093			369,686		360,807		360,058
U.S. commercial paper	342,400			342,400		228,500		228,500
European commercial paper	935,921			935,921		912,146		912,146
2015 Senior Credit Facility	52,432			52,432		62,104		62,104
Capital leases and other	6,832			6,832		6,934		6,934
Unamortized debt issuance costs	(5,846		)	(5,846	)	(6,260	)	(6,260	)
Total debt	2,963,528			2,917,568		2,821,176		2,763,578
Less current portion of long-term debt and commercial paper	1,331,917			1,331,917		1,203,683		1,203,683
Long-term debt, less current portion	$	1,631,611		1,585,651		1,617,493		1,559,895