DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2015 and 2014.

		Three Months Ended March 31,
	Income Statement Location	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($700	)		$1,487
Foreign currency option contracts	Other comprehensive (loss) income	(681		)	725
Derivative designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income	591			—
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (income) expense	—			25
Foreign currency option contracts	Other operating (income) expense	—			7
Interest rate swaps	Interest and miscellaneous (expense) income, net	(1,855		)	(1,134		)
Fuel hedge contracts	Cost of sales (benefit)	—			317

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets:

	Notional Amount
	March 31, 2015		December 31, 2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts		$29,560		$28,540
Foreign currency option contracts	99,400		79,400
Derivative designated as a net investment hedge:
Foreign currency exchange contract	26,278		27,419
Derivatives not designated as hedging instruments:
Interest rate swaps	142,101		161,968

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets:

	Location on Balance Sheet	Fair Value Assets / (Liabilities) (a)
		March 31, 2015			December 31, 2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Prepaid and other current assets		$87			$132
	Other assets	8			59
	Other current liabilities	(823		)	(272		)
	Other non-current liabilities	(49		)	—
Foreign currency option contracts	Prepaid and other current assets	393			299
	Other assets	390			198
	Other current liabilities	(2,176		)	(1,439		)
	Other non-current liabilities	(374		)	(196		)
Derivative designated as a net investment hedge:
Foreign currency exchange contract	Prepaid and other current assets	711			—
	Other current liabilities	—			(223		)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other current liabilities	(80		)	—
	Other non-current liabilities	(8,085		)	(7,247		)
Total derivative contracts:
Prepaid and other current assets			$1,191			$431
Other assets		398			257
Total derivative assets		1,589			688
Other current liabilities		(3,079		)	(1,934		)
Other non-current liabilities		(8,508		)	(7,443		)
Total derivative liabilities			($11,587	)		($9,377	)

(a) See Note 10 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy.