Borrowings (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:

	September 30, 2018		December 31, 2017
Short-term
Current portion of long-term debt and short-term borrowings	$	59	$	350,402
Commercial paper	298,600		230,700
Notes payable and current maturities of long-term debt	$	298,659	$	581,102

Schedule of Long-term Debt Instruments

			Carrying amount (1)
	Principal		September 30, 2018		December 31, 2017
Long-term
5.45% 10-year notes due March 15, 2018	$	350,000	$	—	$	349,918
2.125% 7-year notes due December 1, 2020 (euro-denominated)	€	300,000	352,119		354,349
4.30% 10-year notes due March 1, 2021	$	450,000	449,108		448,831
3.150% 10-year notes due November 15, 2025	$	400,000	395,200		394,695
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	696,793		701,058
6.65% 30-year debentures due June 1, 2028	$	200,000	199,029		198,954
5.375% 30-year debentures due October 15, 2035	$	300,000	295,748		295,561
6.60% 30-year notes due March 15, 2038	$	250,000	247,798		247,713
5.375% 30-year notes due March 1, 2041	$	350,000	343,808		343,600
Other			2,320		2,034
Total long-term debt			2,981,923		3,336,713
Less long-term debt current portion			—		(350,011		)
Net long-term debt			$	2,981,923	$	2,986,702

⁽¹⁾ Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were

$16.4 million and $17.6 million as of September 30, 2018 and December 31, 2017, respectively. Total deferred debt issuance costs were $13.5 million and $14.9 million as of September 30, 2018 and December 31, 2017, respectively.