XML 72 R48.htm IDEA: XBRL DOCUMENT

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments

Schedule of effective portion of gains and losses on derivative instruments


			Year Ended December 31,
			2023			2022			2021
Cross-currency interest rate swaps (included component)⁽¹⁾			$	22,703		$	116,550		$	—
Cross-currency interest rate swaps (excluded component)⁽²⁾				25,428			(7,929)			—
Total			$	48,131		$	108,621		$	—

	Location of		Year Ended December 31,
	gain or (loss)		2023			2022			2021
Cross-currency interest rate swaps (excluded component)⁽²⁾	Interest expense		$	21,836		$	6,260		$	—

(2)	Included component represents foreign exchange spot rates.

(3)	Excluded component represents cross-currency basis spread and interest rates.

Schedule of effect of cash flow hedges on accumulated other comprehensive income and the consolidated income statements

The effect of these cash flow hedges on accumulated other comprehensive loss and the consolidated income statements for the years ended December 31, 2023, 2022 and 2021, was as follows (in thousands):


			Year Ended December 31,
			2023			2022			2021
Interest rate swaps			$	7,221		$	(7,774)		$	(2,582)


	Location of		Year Ended December 31,
	gain or (loss)		2023			2022			2021
Interest rate swaps	Interest expense		$	10,953		$	819		$	(1,304)

Schedule of fair value of derivative instruments in Balance sheets


		December 31, 2023						December 31, 2022
		Assets ⁽¹⁾			Liabilities ⁽²⁾			Assets ⁽¹⁾			Liabilities ⁽²⁾
Cross-currency interest rate swaps		$	—		$	156,753		$	—		$	108,621
Interest rate swaps			8,538			—			17,120			252
		$	8,538		$	156,753		$	17,120		$	108,873

(1)	As presented in our consolidated balance sheets within Other assets.

(2)	As presented in our consolidated balance sheets within Accounts payable and other Accrued liabilities.