Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

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):

	2018						2017
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)	$	442,976	$	15,071	$	313	$	675,724	$	1,388	$	21,239
Commodities contracts(c)	827		—		46		915		—		69
Interest rate swap(c)	900,000		—		4,494		—		—		—
Total	$	1,343,803	$	15,071	$	4,853	$	676,639	$	1,388	$	21,308
	2018						2017
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	$	5,239	$	—	$	463	$	4,532	$	381	$	—
Total	$	5,239	$	—	$	463	$	4,532	$	381	$	—

(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	2018			2017			2016
Foreign currency contracts	$	41,657		$	(53,964	)	$	28,099
Commodities contracts	34			(246		)	77
Treasury rate locks	41			(719		)	—
Interest rate swap	(6,046		)	—			—
Total	$	35,686		$	(54,929	)	$	28,176

	Amount of Gain/(Loss) Reclassified from AOCL into Income
Cash Flow Hedges	2018			2017			2016			Expected to be Reclassified Over the Next Twelve Months
Foreign currency contracts(a)	$	11,492		$	(7,202	)	$	18,253		$	13,562
Commodities contracts(a)	24			—			(258		)	(46		)
Treasury rate locks(b)	(498		)	(442		)	(362		)	(492		)
Interest rate swap(b)	(1,552		)	—			—			(2,061		)
Total	$	9,466		$	(7,644	)	$	17,633		$	10,963

(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 (Loss)/Gain Recognized in Income on Derivative
Derivatives Not Designated As Hedges	2018			2017		2016
Commodities contracts(a)	$	(430	)	$	503	$	167
Total	$	(430	)	$	503	$	167

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