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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments and the balance sheet lines in which they are recorded
The following table sets forth the fair values of derivative instruments held by the Company as of December 31, 2021 and 2020 and the balance sheet lines in which they are recorded:
Fair Value Asset (Liability)
December 31, 2021December 31, 2020Balance Sheet Caption
Foreign currency forward$2,825 $2,325 Prepaid and other current assets
Foreign currency forward(433)(2,057)Other accrued expenses
Amounts recognized in other comprehensive earnings
Amounts recognized in other comprehensive earnings (loss) for the gains (losses) on net investment hedges were as follows:
202120202019
Gain (loss) on euro-denominated debt$94,003 $(119,298)$22,449 
Tax (expense) benefit (20,976)26,957 (4,714)
Net gain (loss) on net investment hedges, net of tax$73,027 $(92,341)$17,735 
Assets and liabilities measured at fair value on a recurring basis
The Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020 were as follows:
December 31, 2021December 31, 2020
Level 2Level 2
Assets:
Foreign currency cash flow hedges$2,825 $2,325 
Liabilities:
Foreign currency cash flow hedges433 2,057