XML 85 R74.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Hedging Activities and Derivative Instruments - Narrative (Details)
3 Months Ended 6 Months Ended
May 10, 2024
USD ($)
Jun. 30, 2024
USD ($)
contract
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
contract
Jun. 30, 2023
USD ($)
Jun. 30, 2024
EUR (€)
contract
Jun. 29, 2024
USD ($)
May 07, 2024
USD ($)
Dec. 31, 2023
USD ($)
Derivatives, Fair Value [Line Items]                  
Payments to settle cross-currency swaps       $ 19,900,000 $ 0        
Foreign currency forwards                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   3   3   3      
Foreign currency forwards | Maximum                  
Derivatives, Fair Value [Line Items]                  
Term of derivative contract (in years)       1 year          
Notional amount of derivative   $ 73,500,000   $ 73,500,000          
Foreign currency forwards | Minimum                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 14,700,000   $ 14,700,000          
Interest rate swap contracts                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   2   2   2      
Gain (loss) recognized in OCI on derivatives   $ (3,000,000.0) $ 18,600,000 $ 1,600,000 $ 13,500,000        
Interest rate swap contracts | Fair value | 5.176% Senior Notes Due 2029                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   4   4   4      
Interest rate swap contracts | Fair value | 5.314% Senior Notes Due 2031                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   2   2   2      
Interest rate swap contracts | Fair value | 5.450% Senior Notes Due 2034                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   1   1   1      
Interest rate swap contracts | Fair value | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 750,000,000.0   $ 750,000,000.0          
Interest rate swap contracts | Fair value | Derivatives Designated as Hedging Instruments | 5.176% Senior Notes Due 2029                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   400,000,000.0   400,000,000.0          
Interest rate swap contracts | Fair value | Derivatives Designated as Hedging Instruments | 5.314% Senior Notes Due 2031                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   250,000,000.0   250,000,000.0          
Interest rate swap contracts | Fair value | Derivatives Designated as Hedging Instruments | 5.450% Senior Notes Due 2034                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   100,000,000   100,000,000          
Interest rate swap contracts | Cash Flow | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   528,500,000   528,500,000         $ 528,500,000
Unrecognized gains (losses) on cash flow hedges   $ 9,700,000   $ 9,700,000          
Fixed interest rate of derivative (as percent)   3.20%   3.20%   3.20%      
Interest rate swap contracts | Cash Flow | Derivatives Designated as Hedging Instruments | 5.450% Senior Notes Due 2034                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 750,000,000   $ 750,000,000          
Unrecognized gains (losses) on cash flow hedges               $ (2,100,000)  
Interest rate swap contracts | Cash Flow | Derivatives Designated as Hedging Instruments | 5.700% Senior Notes Due 2054                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 500,000,000   $ 500,000,000          
Unrecognized gains (losses) on cash flow hedges               $ (2,300,000)  
Interest rate cap contracts | Cash Flow | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Cap interest rate of derivative (as percent)   4.00%   4.00%   4.00%      
Gain (loss) recognized in OCI on derivatives       $ 3,400,000          
Cross-currency interest rate swap contracts                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   3   3   3      
Cross-currency interest rate swap contracts | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   3   3   3      
Cross-currency interest rate swap contracts | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 1,074,300,000   $ 1,074,300,000   € 500,000,000.0     $ 1,054,200,000
Fixed interest rate of derivative (as percent)   1.60%   1.60%   1.60%      
Payments to settle cross-currency swaps $ 10,000,000                
Cross-currency interest rate swap contracts | Net investment | Derivatives Designated as Hedging Instruments | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 525,700,000   $ 525,700,000   € 500,000,000.0      
Payments to settle cross-currency swaps $ 9,900,000                
Cross Currency Interest Rate Contract, 5.4% Fixed Rate | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 428,900,000   $ 428,900,000          
Fixed interest rate of derivative (as percent)   5.40%   5.40%   5.40%      
Cross Currency Interest Rate Contract, Expiring May 2027 | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative | €           € 400,000,000      
Fixed interest rate of derivative (as percent)   3.70%   3.70%   3.70%      
Cross Currency Interest Rate Contract, 5.7% Fixed Rate One | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 322,700,000   $ 322,700,000          
Fixed interest rate of derivative (as percent)   5.70%   5.70%   5.70%      
Cross Currency Interest Rate Contract, Expiring May 2029                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   3   3   3      
Cross Currency Interest Rate Contract, Expiring May 2029 | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative | €           € 300,000,000      
Fixed interest rate of derivative (as percent)   4.10%   4.10%   4.10%      
Cross Currency Interest Rate Contract, Expiring May 2031                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   3   3   3      
Cross Currency Interest Rate Contract, Expiring May 2031 | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative | €           € 300,000,000      
Fixed interest rate of derivative (as percent)   4.10%   4.10%   4.10%      
Cross Currency Interest Rate Contract, 5.7% Fixed Rate Two | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative             $ 322,700,000    
Fixed interest rate of derivative (as percent)   5.70%   5.70%   5.70%      
Cross Currency Interest Rate Contract, 3.2% Fixed Rate                  
Derivatives, Fair Value [Line Items]                  
Number of derivatives held | contract   2   2   2      
Cross Currency Interest Rate Contract, 3.2% Fixed Rate | Net investment | Derivatives Designated as Hedging Instruments                  
Derivatives, Fair Value [Line Items]                  
Notional amount of derivative   $ 528,500,000   $ 528,500,000          
Fixed interest rate of derivative (as percent)   3.20%   3.20%   3.20%