Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(Liabilities) assets recognized in our Condensed Consolidated Balance Sheets at September 30, 2021 and December 31, 2020, by derivative instrument, are as follows:

DERIVATIVE INSTRUMENTS(1)	SEPTEMBER 30, 2021		DECEMBER 31, 2020
Cash Flow Hedges(2)
Interest Rate Swap Agreements	$	(13,116)	$	(21,062)
Net Investment Hedges(3)
August 2023 Cross-Currency Swap Agreements	$	(2,296)	$	(8,229)
February 2026 Cross-Currency Swap Agreements	1,214		(20,412)

(1)Our derivative assets are included as a component of Other assets in our Condensed Consolidated Balance Sheets and our derivative liabilities are included either as a component of (i) Accrued expenses and other current liabilities or (ii) Other long-term liabilities in our Condensed Consolidated Balance Sheets. As of September 30, 2021, $1,214 is included within Other assets, $4,296 is included within Accrued expenses and other current liabilities and $11,116 is included within Other long-term liabilities. As of December 31, 2020, $49,703 is included within Other long-term liabilities.

(2)As of September 30, 2021, cumulative net losses of $13,116 are recorded within Accumulated other comprehensive items, net associated with these interest rate swap agreements.

(3)As of September 30, 2021, cumulative net losses of $1,082 are recorded within Accumulated other comprehensive items, net associated with these cross-currency swap agreements.

Schedule of (Gains) Losses For Derivative Instruments

Unrealized gains (losses) recognized during the three and nine months ended September 30, 2021 and 2020, by derivative instrument, are as follows:

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED  SEPTEMBER 30,
DERIVATIVE INSTRUMENTS(1)	2021		2020		2021		2020
Cash Flow Hedges
Interest Rate Swap Agreements	$	1,950	$	1,185	$	7,946	$	(14,445)
Net Investment Hedges
August 2023 Cross-Currency Swap Agreements	$	2,655	$	(5,716)	$	5,933	$	(1,408)
February 2026 Cross-Currency Swap Agreements	10,060		4,346		21,626		4,346

(1)These amounts are recognized as unrealized gains (losses), a component of Accumulated other comprehensive items, net.

Schedule of Net Investment Hedges in AOCI

Foreign exchange gains (losses) associated with this hedge of net investment for the three and nine months ended September 30, 2021 and 2020 are as follows:

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
	2021(1)		2020		2021(1)		2020
Foreign exchange gains (losses) associated with net investment hedge	$	—	$	(16,604)	$	—	$	(17,005)

(1)As there are no hedges of net investment outstanding during the three and nine months ended September 30, 2021, no foreign exchange gains (losses) associated with hedges of net investment have been recognized.