Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes the location and carrying amounts of the derivative instruments and the foreign currency denominated debt, a non-derivative financial instrument, that are designated and qualify as part of hedging relationships:

		December 31, 2019				December 31, 2018
Instrument	Balance sheet location	Notional		Balance		Notional		Balance
Cash flow hedges:
Interest rate swaps	Other current liabilities	$	800,000	$	24,792	$	500,000	$	6,345
Net investment hedges:
Cross-currency swap	Prepaid expenses and other current assets	$	—	$	—	$	500,000	$	6,006
Forward contracts	Prepaid expenses and other current assets	$	925,810	$	39,965	$	—	$	—
Foreign currency debt	Long-term debt	€	700,000	$	784,000	€	700,000	$	801,010

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)

The table below presents pre-tax gains and losses related to designated cash flow hedges and net investment hedges:

	Gain (Loss) Recognized in AOCL Before Reclassifications						Gain Recognized in Interest Expense For Excluded Components
	2019		2018		2017		2019		2018		2017
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract	$	(21,972)	$	(7,896)	$	—	$	—	$	—	$	—
Net Investment Hedges:
Cross-currency swap	2,936		6,006		—		2,294		6,740		—
Forward contracts	20,679		—		—		17,892		—		—
Foreign currency debt	17,010		38,850		(27,099)		—		—		—
Total	$	18,653	$	36,960	$	(27,099)	$	20,186	$	6,740	$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The table below presents pre-tax gains and losses related to designated cash flow hedges and net investment hedges:

	Gain (Loss) Recognized in AOCL Before Reclassifications						Gain Recognized in Interest Expense For Excluded Components
	2019		2018		2017		2019		2018		2017
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract	$	(21,972)	$	(7,896)	$	—	$	—	$	—	$	—
Net Investment Hedges:
Cross-currency swap	2,936		6,006		—		2,294		6,740		—
Forward contracts	20,679		—		—		17,892		—		—
Foreign currency debt	17,010		38,850		(27,099)		—		—		—
Total	$	18,653	$	36,960	$	(27,099)	$	20,186	$	6,740	$	—