Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021				December 31, 2020
Instrument	Balance sheet location	Notional		Balance		Notional		Balance
Net investment hedges:
Forward contracts	Prepaid expenses and other current assets	$	925,810	$	73,819	$	800,000	$	7,668
Forward contracts	Other current liabilities	$	235,180	$	(2,935)	$	360,990	$	19,442
Foreign currency debt	Long-term debt	€	700,000	$	792,820	€	700,000	$	861,070

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

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

	Gain (Loss) Recognized in AOCL Before Reclassifications						Gain Recognized in Interest Expense For Excluded Components
	2021		2020		2019		2021		2020		2019
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract	$	—	$	(29,464)	$	(21,972)	$	—	$	—	$	—
Net Investment Hedges:
Cross-currency swap	—		—		2,936		—		—		2,294
Forward contracts	56,362		(85,390)		20,679		26,295		27,146		17,892
Foreign currency debt	68,250		(77,070)		17,010		—		—		—
Total	$	124,612	$	(191,924)	$	18,653	$	26,295	$	27,146	$	20,186

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

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

	Gain (Loss) Recognized in AOCL Before Reclassifications						Gain Recognized in Interest Expense For Excluded Components
	2021		2020		2019		2021		2020		2019
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract	$	—	$	(29,464)	$	(21,972)	$	—	$	—	$	—
Net Investment Hedges:
Cross-currency swap	—		—		2,936		—		—		2,294
Forward contracts	56,362		(85,390)		20,679		26,295		27,146		17,892
Foreign currency debt	68,250		(77,070)		17,010		—		—		—
Total	$	124,612	$	(191,924)	$	18,653	$	26,295	$	27,146	$	20,186