DEBT (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of short-term debt

At September 30, 2021 and December 31, 2020, our notes payable, revolving credit facility and overdrafts consisted of the following:

	September 30, 2021		December 31, 2020
Notes payable 0.0%	$	—	$	200
Revolving credit facility 1.00% to 1.08%	58,583		52,000
	$	58,583	$	52,200

Schedule of long-term obligations

At September 30, 2021 and December 31, 2020, our long-term obligations consisted of the following:

	September 30, 2021		December 31, 2020
Notes payable 0.00% – 8.92%, due in monthly and annual installments through 2028	$	24,967	$	14,002
Senior unsecured notes 3.2%, due in 2022	75,000		75,000
Senior unsecured debts 1.26% USD floating swapped to 1.36% EUR fixed, due in 2022	56,000		112,000
Senior unsecured notes 3.5%, due in 2023	125,000		125,000
Senior unsecured notes 1.0%, due in 2023	115,830		122,100
Senior unsecured notes 3.4%, due in 2024	50,000		50,000
Senior unsecured notes 3.5%, due in 2024	100,000		100,000
Senior unsecured notes 1.2%, due in 2024	231,660		244,200
Senior unsecured notes 3.6%, due in 2025	125,000		125,000
Senior unsecured notes 3.6%, due in 2026	125,000		125,000
Finance Lease Liabilities	31,197		30,025
Unamortized debt issuance costs	(1,230)		(1,663)
	$	1,058,424	$	1,120,664
Current maturities of long-term obligations	(142,674)		(65,666)
Total long-term obligations	$	915,750	$	1,054,998

Schedule of maturities of long-term debt

The aggregate long-term maturities, excluding finance lease liabilities, which are disclosed in Note 7, due annually from the current balance sheet date for the next five years are:

Year One	$	138,734
Year Two	121,784
Year Three	460,593
Year Four	53,725
Year Five	253,471
Thereafter	150

Schedule of covenants on revolving credit facility and corporate long-term obligations

Our revolving credit facility and corporate long-term obligations require us to satisfy certain financial and other covenants including:

	Requirement	Level at September 30, 2021
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.76 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	19.39 to 1.00

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(1)Definitions of ratios are included as part of the revolving credit facility agreement and the private placement agreements.