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DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2024

DERIVATIVES

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

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December 31, 2024

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December 31, 2023

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Other

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Other

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Other

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Other

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Current

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Current

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Other

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Other

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Current

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Current

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Other

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Other

Derivatives by hedge designation

Assets

Liabilities

Assets

Liabilities

Assets

Liabilities

Assets

Liabilities

Designated as hedging instruments:

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Foreign exchange contracts

$

1,663

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$

2,972

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$

—

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$

—

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$

1,548

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$

687

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$

—

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$

—

Interest rate swap agreements

—

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—

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—

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—

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—

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—

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1,460

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—

Forward starting swap agreements

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—

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—

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—

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—

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—

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—

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20,377

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—

Net investment contracts

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10,276

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—

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—

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3,351

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Commodity contracts

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—

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—

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—

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—

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45

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—

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—

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—

Not designated as hedging instruments:

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Foreign exchange contracts

1,560

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4,251

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—

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—

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4,063

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623

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—

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Total derivatives

$

13,499

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$

7,223

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$

—

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$

—

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$

5,656

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$

4,661

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$

21,837

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$

—

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

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​	​	​	​	​	​	​	​	​
​	​	​	​	Year Ended December 31,
Derivatives by hedge designation		Classification of (loss) gain		2024			2023
Not designated as hedges:	​		​	​			​
Foreign exchange contracts	​	Selling, general & administrative expenses	​	$	(11,198)	​	$	15,990

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

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​	​	​	​	​	​	​
​		December 31,
Total (loss) gain recognized in AOCI, net of tax		2024			2023
Foreign exchange contracts	​	$	(812)	​	$	721
Interest rate swap agreements	​	​	—	​	​	1,085
Forward starting swap agreements	​	​	18,067	​	​	14,696
Net investment contracts	​	​	20,403	​	​	7,136
Commodity contracts	​		—	​		34

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​	​	​	​	​	​	​	​	​
​		​		Year Ended December 31,
​	​	Gain (loss) recognized in the	​	​	​	​	​	​
Derivative type		Consolidated Statements of Income:		2024			2023
Foreign exchange contracts		Net Sales	​	$	(625)	​	$	5,210
​		Cost of goods sold	​		494	​		590
Commodity contracts	​	Cost of goods sold	​	​	110	​		193
Forward starting swap agreements	​	Interest expense, net	​	​	1,394	​	​	—

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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-SubTopic 10
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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