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SHORT-TERM AND LONG-TERM DEBT (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt Instruments
The following summarizes information concerning short-term debt (in thousands of dollars):
 
September 30, 2017
 
December 31, 2016
Outstanding lines of credit
$
11,348

 
$
16,392

Outstanding commercial paper
—

 
369,748

 
$
11,348

 
$
386,140
Schedule of Long-Term Debt Instruments
Long-term debt consisted of the following (in thousands of dollars):
 
September 30, 2017
 
December 31, 2016
4.60% senior notes due 2045
$
1,000,000

 
$
1,000,000

3.75% senior notes due 2046
400,000

 
400,000

4.20% senior notes due 2047
400,000

 
—

British pound term loan and revolving credit facility
192,903

 
187,506

Euro term loan and revolving credit facility
141,743

 
120,900

Canadian dollar revolving credit facility
116,307

 
100,521

Other
84,860

 
71,109

 
2,335,813

 
1,880,036

Less current maturities
(41,836
)
 
(19,966
)
Debt issuance costs and discounts
(23,976
)
 
(19,124
)
 
$
2,270,001

 
$
1,840,946