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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2021
FAIR VALUE.  
Summary of assets and liabilities measured at fair value on a recurring basis

The following table provides a summary of assets and liabilities as of June 30, 2021, measured at fair value on a recurring basis:

    

    

Quoted Prices in

    

    

Active Markets for

Identical Assets or

Significant Other

Significant

Balance as of

Liabilities

Observable Inputs

Unobservable

Description

    

June 30, 2021

    

(Level 1)

    

(Level 2)

    

Inputs (Level 3)

Assets:

 

  

 

  

 

  

 

  

Foreign exchange contracts

$

3,081

$

$

3,081

$

Forward starting swap agreements

 

8,279

 

 

8,279

 

Total assets

$

11,360

$

$

11,360

$

Liabilities:

 

  

 

  

 

  

 

  

Foreign exchange contracts

$

2,771

$

$

2,771

$

Net investment contracts

3,789

3,789

Deferred compensation

 

41,860

 

 

41,860

 

Total liabilities

$

48,420

$

$

48,420

$

The following table provides a summary of assets and liabilities as of December 31, 2020, measured at fair value on a recurring basis:

    

    

Quoted Prices in

    

    

Active Markets for

Identical Assets or

Significant Other

Significant

Balance as of

Liabilities

Observable Inputs

Unobservable

Description

    

December 31, 2020

    

(Level 1)

    

(Level 2)

    

Inputs (Level 3)

Assets:

 

  

 

  

 

  

 

  

Foreign exchange contracts

$

3,849

$

$

3,849

$

Forward starting swap agreements

 

4,876

 

 

4,876

 

Total assets

$

8,725

$

$

8,725

$

Liabilities:

 

  

 

  

 

  

 

  

Foreign exchange contracts

$

4,609

$

$

4,609

$

Net investment contracts

 

4,308

 

 

4,308

 

Deferred compensation

 

41,539

 

 

41,539

 

Total liabilities

$

50,456

$

$

50,456

$