DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2024

DERIVATIVES

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

	March 31, 2024								December 31, 2023
	Other		Other						Other		Other
	Current		Current		Other		Other		Current		Current		Other		Other
Derivatives by hedge designation	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	2,391	$	238	$	—	$	—	$	1,548	$	687	$	—	$	—
Interest rate swap agreements		—		—		2,649		—		—		—		1,460		—
Forward starting swap agreements		—		—		23,005		40		—		—		20,377		—
Net investment contracts		1,261		—		—		—		—		3,351		—		—
Commodity contracts		52		—		—		—		45		—		—		—
Not designated as hedging instruments:
Foreign exchange contracts		1,617		998		—		—		4,063		623		—		—
Total derivatives	$	5,321	$	1,236	$	25,654	$	40	$	5,656	$	4,661	$	21,837	$	—

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

		Three Months Ended March 31,
Derivatives by hedge designation	Classification of (loss) gain	2024		2023
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(1,615)	$	6,690

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

Total gain recognized in AOCI, net of tax	March 31, 2024		December 31, 2023
Foreign exchange contracts	$	1,628	$	721
Interest rate swap agreements		2,198		1,085
Forward starting swap agreements		16,386		14,696
Net investment contracts		9,089		7,136
Commodity contracts		39		34

		Three Months Ended March 31,
	Gain recognized in the
Derivative type	Consolidated Statements of Income:	2024		2023
Foreign exchange contracts	Sales	$	839	$	1,206
	Cost of goods sold		232		3
Commodity contracts	Cost of goods sold		2		179