FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Short-Term Debt

Short-term debt consisted of the following:



	December 31,
	2013				2012
	Principal		Interest		Principal		Interest
(in thousands)	Balance		Rate		Balance		Rate

Bank overdrafts	$	1,429	1.0	%	$	123	—	%
Corporate commercial paper facility	101,900		0.3	%	45,000		0.5	%
Brazil short-term loans	1,314		2.8	%	1,000		2.0	%
Other short-term loans	563		1.8	%	1,962		3.9	%
Add: Current portion of long-term debt	204,656				250,878
Total short-term debt	$	309,862			$	298,963

	2013				2012
Maximum month-end short-term debt outstanding during the year	$	417,065			$	399,931
Average amount of short-term debt outstanding during the year	$	318,817			$	248,318
Weighted-average interest rate on short-term debt at year-end			1.6	%			0.6	%

Long-Term Debt

Long-term debt consisted of the following:



	December 31,
	2013				2012
	Principal		Interest		Principal		Interest
(in thousands)	Balance		Rate		Balance		Rate

Floating rate senior notes $250 million due August 2013	$	—	—	%	$	250,000	1.8	%
Term loan Japanese yen denominated due September 2014	119,213		1.0	%	144,681		1.1	%
Private placement notes $250 million due February 2016	252,370		4.1	%	254,560		4.1	%
Fixed rate senior notes $300 million due August 2016	299,775		2.8	%	299,689		2.8	%
Term loan Swiss francs denominated due September 2016	72,829		1.1	%	71,027		1.2	%
Term loan $175 million due August 2020	175,000		1.4	%	—		—	%
Fixed rate senior notes $450 million due August 2021	448,809		4.2	%	448,653		4.2	%
Other borrowings, various currencies and rates	2,838				4,303
	$	1,370,834			$	1,472,913
Less: Current portion
(included in notes payable and current portion of long-term debt)	204,656				250,878
Long-term portion	$	1,166,178			$	1,222,035

The table below reflects the contractual maturity dates of the various borrowings at December 31, 2013: