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Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2022
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 September 30, 2022 and December 31, 2021 and the balance sheet lines in which they are recorded:
Fair Value Asset (Liability)
September 30, 2022December 31, 2021Balance Sheet Caption
Foreign currency forward$3,866 $2,825 Prepaid and other current assets
Foreign currency forward(5,377)(433)Other accrued expenses
Schedule of Other Comprehensive Earnings for the Gains (Losses) on Net Investment Hedges
Amounts recognized in other comprehensive earnings for the gains on net investment hedges were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Gain on euro-denominated debt$94,731 $24,032 $179,221 $51,571 
Tax expense(21,020)(5,446)(39,990)(11,669)
Net gain on net investment hedges, net of tax$73,711 $18,586 $139,231 $39,902 
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021:
September 30, 2022December 31, 2021
Level 2Level 2
Assets:
Foreign currency cash flow hedges$3,866 $2,825 
Liabilities:
Foreign currency cash flow hedges5,377 433