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Borrowings | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Borrowings and Lines of Credit [Text Block] | 11. Borrowings and Lines of Credit Borrowings consist of the following:
| December 31, 2018 |  | December 31, 2017
Short-term: |  |  |
Current portion of long-term and short-term borrowings | $ | — |  | $ | 350,402
Commercial paper | 220,318 |  | 230,700
Notes payable and current maturities of long-term debt | $ | 220,318 |  | $ | 581,102
|  |  | Carrying amount (1) |  |
| Principal |  | December 31, 2018 |  | December 31, 2017
Long-term: |  |  |  |  |
5.45% 10-year notes due March 15, 2018 | $ | 350,000 |  | $ | — |  | $ | 349,918
2.125% 7-year notes due December 1, 2020 (euro-denominated) | € | 300,000 |  | 339,657 |  | 354,349
4.30% 10-year notes due March 1, 2021 | $ | 450,000 |  | 449,200 |  | 448,831
3.150% 10-year notes due November 15, 2025 | $ | 400,000 |  | 395,368 |  | 394,695
1.25% 10-year notes due November 9, 2026 (euro-denominated) | € | 600,000 |  | 672,103 |  | 701,058
6.65% 30-year debentures due June 1, 2028 | $ | 200,000 |  | 199,054 |  | 198,954
5.375% 30-year debentures due October 15, 2035 | $ | 300,000 |  | 295,811 |  | 295,561
6.60% 30-year notes due March 15, 2038 | $ | 250,000 |  | 247,827 |  | 247,713
5.375% 30-year notes due March 1, 2041 | $ | 350,000 |  | 343,877 |  | 343,600
Other |  |  | 763 |  | 2,034
Total long-term debt |  |  | 2,943,660 |  | 3,336,713
Less long-term debt current portion |  |  | — |  | (350,011)
Net long-term debt |  |  | $ | 2,943,660 |  | $ | 2,986,702
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $15.8 million and $17.6 million as of December 31, 2018, and December 31, 2017, respectively. Total deferred debt issuance costs were $13.0 million and $14.9 million as of December 31, 2018, and December 31, 2017, respectively. The discounts are being amortized to interest expense using the effective interest method over the life of the issuances. On March 15, 2018, the outstanding 5.45% notes with a principal value of $350.0 million matured. The repayment of debt was funded by the Company's commercial paper program and existing cash balances. The Company maintains a $1 billion five-year unsecured committed revolving credit facility with a syndicate of banks which expires on November 10, 2020. At the Company's election, loans under the Credit Agreement will bear interest at a base rate plus an applicable margin. In addition, the Credit Agreement requires the Company to pay a facility fee and imposes various restrictions on the Company such as, among other things, the requirement for the Company to maintain an interest coverage ratio of consolidated EBITDA to consolidated net interest expense of greater than or equal to 3.0 to 1. The Company was in compliance with all covenants in the Credit Agreement and other long-term debt covenants at December 31, 2018 and had a coverage ratio of 9.6 to 1.0. The Company primarily uses this facility as liquidity back-up for its commercial paper program and has not drawn down any loans under the facility and does not anticipate doing so. The Company generally uses commercial paper borrowings for general corporate purposes, funding of acquisitions and the repurchases of its common stock. As of December 31, 2018, the future maturities of long-term debt were as follows:
| Future Maturities
2019 | $ | —
2020 | 340,369
2021 | 449,200
2022 | —
2023 | —
2024 and thereafter | 2,154,091
Total | $ | 2,943,660
Letters of Credit As of December 31, 2018, the Company had approximately $144.5 million outstanding in letters of credit and guarantees with financial institutions, which expire on various dates in 2019 through 2028. These letters of credit are primarily maintained as security for insurance, warranty and other performance obligations. In general, the Company would only be liable for the amount of these guarantees in the event of default in the performance of its obligations, the probability of which is believed to be remote.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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