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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2016
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt consisted of the following (in thousands of dollars):
 
As of December 31,
 
2016
 
2015
4.60% senior notes due 2045
$
1,000,000

 
$
1,000,000

3.75% senior notes due 2046
400,000

 

U.S. dollar term loan

 
114,614

British pound term loan and revolving credit facility
187,506

 
235,808

Euro term loan and revolving credit facility
120,900

 
114,030

Canadian dollar revolving credit facility
100,521

 
108,389

Other
71,109

 
75,866

 
1,880,036

 
1,648,707

Less current maturities
(19,966
)
 
(247,346
)
Debt issuance costs and discounts
(19,124
)
 
(12,947
)
 
$
1,840,946

 
$
1,388,414

Schedule of Maturities of Long-term Debt
The scheduled aggregate principal payments related to long-term debt, excluding debt issuance costs, are due as follows (in thousands of dollars):
Year
 
Payment Amount

2017
 
$
19,966

2018
 
29,339

2019
 
128,670

2020
 
179,322

2021
 
115,743

Thereafter
 
1,406,996

Total
 
$
1,880,036