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Accumulated Other Comprehensive Loss (AOCL)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss (AOCL) Accumulated Other Comprehensive Loss (AOCL)
The changes in the components of AOCL, net of tax and noncontrolling interest, for the years ended December 31, 2024, 2023
and 2022 are as follows (in thousands): 
Cumulative
Foreign
Currency
Translation
Unrealized
(Losses) Gains
on Derivative
Instruments
Total Accumulated
Other
Comprehensive
(Loss) Income
Attributable to
Corpay
Balance at December 31, 2021
$(1,441,505)
$(23,111)
$(1,464,616)
Other comprehensive (loss) income before reclassifications
(77,135)
31,853
(45,282)
Amounts reclassified from AOCL
—
10,835
10,835
Tax effect
—
(10,587)
(10,587)
Other comprehensive (loss) income, net of tax
(77,135)
32,101
(45,034)
Balance at December 31, 2022
(1,518,640)
8,990
(1,509,650)
Other comprehensive income (loss) before reclassifications
140,089
(14,984)
125,105
Amounts reclassified from AOCL
120,269
(39,401)
80,868
Tax effect
—
14,578
14,578
Other comprehensive income (loss), net of tax
260,358
(39,807)
220,551
Balance at December 31, 2023
(1,258,282)
(30,817)
(1,289,099)
Other comprehensive (loss) income before reclassifications
(490,758)
132,440
(358,318)
Amounts reclassified from AOCL
—
(46,276)
(46,276)
Tax effect
—
(20,303)
(20,303)
Other comprehensive (loss) income, net of tax
(490,758)
65,861
(424,897)
Balance at December 31, 2024
$(1,749,040)
$35,044
$(1,713,996)
Amounts reclassified from AOCL that relate to foreign currency translation during the year ended December 31, 2023 are
related to the Company's Russia business disposed of during the third quarter of 2023. See Note 19 for further information.
Income tax effects are released from accumulated other comprehensive loss to retained earnings, when applicable, on an
individual item basis as those items are reclassified into income.
Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the table above, for
the year ended December 31, 2024 consisted of foreign currency translation losses of $5.8 million.