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Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Net Investment Hedges
The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2023 and 2022 was as follows (in thousands):
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Foreign currency debt$(15,640)$112,530 $(39,250)$157,591 
Cross-currency interest rate swaps (included component) (1)
18,823 221,292 (21,088)343,322 
Cross-currency interest rate swaps (excluded component) (2)
(26,779)3,154 (2,818)(68,954)
Foreign currency forward contracts (included component) (1)
(73)18,592 (1,121)15,643 
Foreign currency forward contracts (excluded component) (3)
(517)(1,615)131 (2,291)
Total
$(24,186)$353,953 $(64,146)$445,311 
Amount of gain or (loss) recognized in earnings:
Location of gain or (loss)Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Cross-currency interest rate swaps (excluded component) (2)
Interest expense
$11,811 $12,029 $24,040 $24,607 
Foreign currency forward contracts (excluded component) (3)
Interest expense
796 (132)644 (163)
Total
$12,607 $11,897 $24,684 $24,444 
(1)Included component represents foreign exchange spot rates.
(2)Excluded component represents cross-currency basis spread and interest rates.
(3)Excluded component represents foreign currency forward points.
Schedule of Cash Flow Hedges
The effect of cash flow hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2023 and 2022 was as follows (in thousands):
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Foreign currency forward and option contracts (included component) (1)
$(4,367)$28,258 $(16,820)$46,580 
Cross-currency interest rate swaps981 — (1,415)— 
Interest rate locks
(285)(350)(4,393)50,092 
Total
$(3,671)$27,908 $(22,628)$96,672 
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:
Three Months Ended
June 30,		Six Months Ended
June 30,
Location of gain or (loss)2023202220232022
Foreign currency forward contracts
Revenues
$(6,700)$31,838 $5,596 $35,401 
Foreign currency forward contracts
Costs and operating expenses
7,408 (15,793)4,187 (17,105)
Interest rate locks
Interest Expense
284 350 604 (726)
Total
$992 $16,395 $10,387 $17,570 
(1)Included component represents foreign exchange spot rates.
Schedule of Derivatives not Designated as Hedging Instruments in the Company's Condensed Consolidated Statements of Operations
The following table presents the effect of derivatives not designated as hedging instruments in our condensed consolidated statements of operations (in thousands):
Amount of gain or (loss) recognized in earnings:
Three Months Ended
June 30,		Six Months Ended
June 30,
Location of gain or (loss)2023202220232022
Embedded derivatives (1)
Revenues$— $— $— $(568)
Economic hedge of embedded derivatives (2)
Revenues— — — (983)
Foreign currency forward contracts
Other income (expense)(6,939)135,087 3,768 133,617 
    Total
$(6,939)$135,087 $3,768 $132,066 
(1)Embedded derivatives which are considered foreign currency forward contracts were designated as net investment hedges beginning March 31, 2022.
(2)As of June 30, 2023, we had no economic hedge of embedded derivatives outstanding.
Schedule of Derivative Instruments Recognized in the Company's Condensed Consolidated Balance Sheets
The following table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022 (in thousands):
June 30, 2023December 31, 2022
Assets (1)
Liabilities (2)
Assets (1)
Liabilities (2)
Designated as hedging instruments:
Cash flow hedges
Foreign currency forward and option contracts
$4,689 $17,387 $27,812 $21,352 
Cross-currency interest rate swaps35,810 — 19,239 — 
Net investment hedges
Cross-currency interest rate swaps
250,328 — 274,234 — 
Foreign currency forward contracts7,675 7,859 25,077 4,805 
Total designated as hedging
298,502 25,246 346,362 26,157 
Not designated as hedging instruments:
Foreign currency forward contracts
21,793 14,327 58,230 7,531 
Total not designated as hedging
21,793 14,327 58,230 7,531 
Total Derivatives$320,295 $39,573 $404,592 $33,688 
(1)As presented in our condensed consolidated balance sheets within other current assets and other assets.
(2)As presented in our condensed consolidated balance sheets within other current liabilities and other liabilities.
Schedule of Offsetting Derivative Assets and Liabilities The following table presents information related to these offsetting arrangements as of June 30, 2023 and December 31, 2022 (in thousands):
Gross Amounts Offset in
Consolidated Balance Sheet
Gross AmountsGross Amounts Offset in the Balance SheetNet AmountsGross Amounts not Offset in the Balance SheetNet
June 30, 2023
Derivative assets$347,701 $— $347,701 $(46,383)$301,318 
Derivative liabilities52,886 — 52,886 (46,383)6,503 
December 31, 2022
Derivative assets$424,516 $— $424,516 $(34,429)$390,087 
Derivative liabilities39,234 — 39,234 (34,429)4,805 
Schedule of Offsetting Derivative Assets and Liabilities The following table presents information related to these offsetting arrangements as of June 30, 2023 and December 31, 2022 (in thousands):
Gross Amounts Offset in
Consolidated Balance Sheet
Gross AmountsGross Amounts Offset in the Balance SheetNet AmountsGross Amounts not Offset in the Balance SheetNet
June 30, 2023
Derivative assets$347,701 $— $347,701 $(46,383)$301,318 
Derivative liabilities52,886 — 52,886 (46,383)6,503 
December 31, 2022
Derivative assets$424,516 $— $424,516 $(34,429)$390,087 
Derivative liabilities39,234 — 39,234 (34,429)4,805