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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The change in the carrying amount of contract assets and contract liabilities for the twelve months ended December 31, 2018 is as follows:
In thousands
 
Contract Assets
Balance at beginning of year
 
$
366,168

Recognized in current year
 
426,829

Reclassified to accounts receivable
 
(432,307
)
Foreign currency impact
 
(15,105
)
Balance at December 31, 2018
 
$
345,585

 
 
 
In thousands
 
Contract Liabilities
Balance at beginning of year
 
$
463,704

Recognized in current year
 
230,159

Amounts in beginning balance reclassified to revenue
 
(199,735
)
Current year amounts reclassified to revenue
 
(30,914
)
Foreign currency impact
 
(18,409
)
Balance at December 31, 2018
 
$
444,805