FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

3 Months Ended

Mar. 31, 2015

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The location and amount of gains or losses on the hedged fixed rate debt attributable to changes in the market interest rates and the offsetting gain (loss) on the related interest rate swaps for the three months ended March 31, were as follows:



	Gain/(Loss) on Swap				Gain/(Loss) on Borrowings
	Three Months Ended				Three Months Ended
(In thousands)	March 31,				March 31,
Income Statement Classification	2015		2014		2015			2014
Other income, net	$	11,910	$	12,775	$	(11,910	)	$	(12,775	)

Undesignated hedges

The location and amount of gains and losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the three months ended March 31, were as follows:



	Three Months Ended
(In thousands)	March 31,
Derivatives not designated as hedging instrument	2015			2014
Forward exchange contracts:
General and administrative expenses	$	(972	)	$	(2,950	)

The location and amounts of derivative instrument fair values in the condensed consolidated balance sheet are below.



	(In thousands)
	March 31, 2015		December 31, 2014
Assets
Designated for hedge accounting
Interest rate swaps	$	6,789	$	—
Undesignated for hedge accounting
Forward exchange contracts	$	—	$	605
Total asset derivatives (A)	$	6,789	$	605
Liabilities
Designated for hedge accounting
Interest rate swaps	$	—	$	5,121
Undesignated for hedge accounting
Forward exchange contracts	$	820	$	676
Total liability derivatives (B)	$	820	$	5,797

(A)Forward exchange derivatives are included in Other current assets and interest rate swap assets are included in Other assets.

(B)Forward exchange derivatives are included in Other current liabilities and interest rate swap liabilities are included in Other liabilities.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]



	(In thousands)
	March 31, 2015				December 31, 2014
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Industrial revenue bond, due 2023	$	8,400	$	8,400	$	8,400	$	8,400
Revolving credit agreement, due 2019	—		—		—		—
5.51% Senior notes due 2017	150,000		162,675		150,000		162,617
3.84% Senior notes due 2021	100,425		100,425		99,934		99,934
3.70% Senior notes due 2023	225,000		231,602		225,000		225,748
3.85% Senior notes due 2025	101,132		101,132		98,360		98,360
4.24% Senior notes due 2026	203,403		203,403		197,237		197,237
4.05% Senior notes due 2028	76,829		76,829		74,348		74,348
4.11% Senior notes due 2028	100,000		105,041		100,000		100,801
Other debt	965		965		1,069		1,069
Total debt	$	966,154	$	990,472	$	954,348	$	968,514