Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivative Instrument Fair Value

The following tables summarize the fair value of the Company’s derivative financial instruments at December 31 (in thousands):

	2017						2016
Derivatives Designated As Hedging Instruments Under ASC Topic 815	Notional Value		Asset Fair Value(a)		Liability Fair Value(b)		Notional Value		Asset Fair Value(a)		Liability Fair Value(b)
Foreign currency contracts(c)	$	675,724	$	1,388	$	21,239	$	554,551	$	28,528	$	142
Commodities contracts(c)	915		—		69		992		177		—
Total	$	676,639	$	1,388	$	21,308	$	555,543	$	28,705	$	142
	2017						2016
Derivatives Not Designated As Hedging Instruments Under ASC Topic 815	Notional Value		Asset Fair Value(a)		Liability Fair Value(b)		Notional Value		Asset Fair Value(a)		Liability Fair Value(b)
Commodities contracts	$	4,532	$	381	$	—	$	5,025	$	329	$	—
Total	$	4,532	$	381	$	—	$	5,025	$	329	$	—

(a) Included in other current assets

(b) Included in accrued liabilities

(c) Derivative designated as a cash flow hedge

Gain/(Loss) On Derivative Cash Flow Hedges Reclassified From AOCI Into Income

The following tables summarize the amount of gains and losses for the following years ended December 31 related to derivative financial instruments designated as cash flow hedges (in thousands):

	Amount of Gain/(Loss) Recognized in OCI, before tax
Cash Flow Hedges	2017			2016		2015
Foreign currency contracts	$	(53,964	)	$	28,099	$	45,810
Commodities contracts	(246		)	77		(421		)
Treasury rate locks	(719		)	—		(7,381		)
Total	$	(54,929	)	$	28,176	$	38,008

	Amount of Gain/(Loss) Reclassified from AOCL into Income
Cash Flow Hedges	2017			2016			2015			Expected to be Reclassified Over the Next Twelve Months
Foreign currency contracts(a)	$	(7,202	)	$	18,253		$	59,730		$	(20,178	)
Commodities contracts(a)	—			(258		)	(677		)	(69		)
Treasury rate locks(b)	(442		)	(362		)	(151		)	(506		)
Total	$	(7,644	)	$	17,633		$	58,902		$	(20,753	)

(a) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold

(b) Gain/(loss) reclassified from AOCL to income is included in interest expense

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table summarizes the amount of gains and losses for the years ended December 31 related to derivative financial instruments not designated as hedging instruments (in thousands):

	Amount of Gain/(Loss) Recognized in Income on Derivative
Derivatives not Designated as Hedges	2017		2016		2015
Commodities contracts(a)	$	503	$	167	$	(648	)
Total	$	503	$	167	$	(648	)

(a) Gain/(loss) recognized in income is included in cost of goods sold