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Debt
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
DEBT
DEBT
Debt consisted of the following at September 30, 2016:
 
September 30, 2016
 
U.S. Dollar
 
Other Principal Trading Currencies
 
Total
3.67% $50 million Senior Notes due December 17, 2022
$
50,000

 
$

 
$
50,000

4.10% $50 million Senior Notes due September 19, 2023
50,000

 

 
50,000

3.84% $125 million Senior Notes due September 19, 2024
125,000

 

 
125,000

4.24% $125 million Senior Notes due June 25, 2025
125,000

 

 
125,000

1.47% EUR 125 million Senior Notes due June 17, 2030

 
140,131

 
140,131

Debt issuance costs, net
(1,301
)
 
(392
)
 
(1,693
)
Total Senior Notes
348,699

 
139,739

 
488,438

$800 million Credit Agreement, interest at LIBOR plus 87.5 basis points
295,325

 
42,259

 
337,584

Other local arrangements

 
21,779

 
21,779

Total debt
644,024

 
203,777

 
847,801

Less: current portion

 
(21,779
)
 
(21,779
)
Total long-term debt
$
644,024

 
$
181,998

 
$
826,022


As of September 30, 2016, the Company had $457.0 million of availability remaining under its Credit Agreement.
1.47% Euro Senior Notes
The Company has designated the 1.47% Euro Senior Notes as a hedge of a portion of its net investment in euro-denominated foreign subsidiaries to reduce foreign currency risk associated with the net investment in these operations. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The unrealized gain (loss) recorded in other comprehensive income (loss) related to this net investment hedge was a loss of $2.0 million and a gain $0.3 million for the three months ended September 30, 2016 and 2015, respectively, and a loss of $3.6 million and a gain $0.3 million for the nine month periods ended September 30, 2016 and 2015, respectively.