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Debt
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
DEBT
DEBT
Debt consisted of the following at March 31, 2017:
 
March 31, 2017
 
U.S. Dollar
 
Other Principal
Trading
Currencies
 
Total
$50 million Senior Notes, interest 3.67%, due December 17, 2022
$
50,000

 
$

 
$
50,000

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

 

 
50,000

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

 

 
125,000

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

 

 
125,000

Euro 125 million Senior Notes, interest 1.47%, due June 17, 2030

 
134,842

 
134,842

Debt issuance costs, net
(1,213
)
 
(378
)
 
(1,591
)
Total Senior Notes
348,787

 
134,464

 
483,251

$800 million Credit Agreement, interest at LIBOR plus 87.5 basis points
332,305

 
128,655

 
460,960

Other local arrangements
430

 
19,046

 
19,476

Total debt
681,522

 
282,165

 
963,687

Less: current portion
(430
)
 
(19,046
)
 
(19,476
)
Total long-term debt
$
681,092

 
$
263,119

 
$
944,211


As of March 31, 2017, the Company had $333.6 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 a euro-denominated foreign subsidiary to reduce foreign currency risk associated with this net investment. 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 pre-tax unrealized loss recorded in other comprehensive income (loss) related to this net investment hedge was $3.3 million and $3.6 million for the three months ended March 31, 2017 and 2016, respectively.