XML 48 R35.htm IDEA: XBRL DOCUMENT
v3.4.0.3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following tables demonstrate the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2016 and 2015.
|  |  | Three Months Ended March 31,
| Income Statement Location |  | 2016 |  | 2015
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign currency exchange contracts | Other comprehensive (loss) income |  |  | $711 |  |  |  | ($700 | )
Foreign currency option contracts | Other comprehensive (loss) income |  | 833 |  |  | (681 | )
Interest rate swaps | Other comprehensive (loss) income |  | (14,886 | ) |  | — |
Derivatives designated as a net investment hedge: |  |  |  |  |
Foreign currency exchange contract | Other comprehensive (loss) income |  | (4,606 | ) |  | 591 |
Derivatives not designated as hedging instruments: |  |  |  |
Foreign currency exchange contracts | Other operating income, net |  | 895 |  |  | — |
Foreign currency option contracts | Other operating income, net |  | 258 |  |  | — |
Interest rate swaps | Interest income and miscellaneous (expense), net |  | (1,219 | ) |  | (1,855 | )
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets:
| Notional Amount
| March 31, 2016 |  | December 31, 2015
Derivatives designated as cash flow hedges: |  |  |
Foreign currency exchange contracts |  | $23,950 |  |  |  | $21,250 |
Foreign currency option contracts | 88,700 |  |  | 107,200 |
Interest rate swaps | 350,000 |  |  | 350,000 |
Derivatives designated as net investment hedges: |  |  |
Foreign currency option contracts | — |  |  | 331,588 |
Derivative not designated as a hedging instrument: |  |  |
Interest rate swaps | — |  |  | 130,169 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets:
| Location on Balance Sheet |  | Fair Value Assets / (Liabilities) (a)
|  |  | March 31, 2016 |  | December 31, 2015
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign currency exchange contracts | Prepaid and other current assets |  |  | $221 |  |  |  | $43 |
| Other assets |  | 131 |  |  | — |
| Other current liabilities |  | (1,275 | ) |  | (1,449 | )
| Other non-current liabilities |  | — |  |  | (219 | )
Foreign currency option contracts | Prepaid and other current assets |  | 711 |  |  | 560 |
| Other assets |  | 323 |  |  | 408 |
| Other current liabilities |  | (702 | ) |  | (1,393 | )
| Other non-current liabilities |  | (141 | ) |  | (217 | )
Interest rate swaps | Other non-current liabilities |  | (25,082 | ) |  | (10,197 | )
Derivatives designated as net investment hedges: |  |  |  |
Foreign currency option contracts | Prepaid and other current assets |  | — |  |  | 4,630 |
| Other current liabilities |  | — |  |  | (24 | )
Derivative not designated as a hedging instrument: |  |  |  |
Interest rate swaps | Other non-current liabilities |  | — |  |  | (8,047 | )
Total derivative contracts: |  |  |  |  |
Prepaid and other current assets |  |  |  | $932 |  |  |  | $5,233 |
Other assets |  |  | 454 |  |  | 408 |
Total derivative assets |  |  |  | $1,386 |  |  |  | $5,641 |
Other current liabilities |  |  | (1,977 | ) |  | (2,866 | )
Other non-current liabilities |  |  | (25,223 | ) |  | (18,680 | )
Total derivative liabilities |  |  |  | ($27,200 | ) |  |  | ($21,546 | )
(a) | See Note 12 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration