SHORT-TERM AND LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of Short-Term Debt Instruments

The following summarizes information concerning short-term debt (in thousands of dollars):

	June 30, 2017		December 31, 2016
Outstanding lines of credit	$	29,160	$	16,392
Outstanding commercial paper	99,906		369,748
	$	129,066	$	386,140

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following (in thousands of dollars):

	June 30, 2017			December 31, 2016
4.60% senior notes due 2045	$	1,000,000		$	1,000,000
3.75% senior notes due 2046	400,000			400,000
4.20% senior notes due 2047	400,000			—
British pound term loan and revolving credit facility	192,771			187,506
Euro term loan and revolving credit facility	131,364			120,900
Canadian dollar revolving credit facility	111,865			100,521
Other	85,373			71,109
	2,321,373			1,880,036
Less current maturities	(29,232		)	(19,966		)
Debt issuance costs and discounts	(24,269		)	(19,124		)
	$	2,267,872		$	1,840,946