XML 37 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Borrowings (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Components of Debt
Debt consists of the following:
(DOLLARS IN THOUSANDS)
Effective Interest Rate
 
June 30, 2018
 
December 31, 2017
Senior notes - 2007(1)(4)
6.40% - 6.82%

 
$
249,776

 
$
249,765

Senior notes - 2013(1)
3.39
%
 
298,823

 
298,670

Euro Senior notes - 2016(1)
1.99
%
 
573,514

 
589,848

Senior notes - 2017(1)
4.50
%
 
492,941

 
492,819

Credit facility
LIBOR + 1.125%

(2)
103,988

 
—

Bank overdrafts and other
 
 
4,590

 
7,993

Deferred realized gains on interest rate swaps
 
 
57

 
57

 
 
 
1,723,689

 
1,639,152

Less: Short term borrowings(3)
 
 
(6,500
)
 
(6,966
)
 
 
 
$
1,717,189

 
$
1,632,186


_______________________ 
(1)
Amount is net of unamortized discount and debt issuance costs.
(2)
Represents the rate on drawn down and outstanding balances. Deferred debt issuance costs are immaterial.
(3)
Includes bank borrowings, commercial paper, overdrafts and current portion of long-term debt.