General (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of Derivative Instruments

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

		September 30, 2022				December 31, 2021
Instrument	Balance Sheet Classification	Notional		Balance		Notional		Balance
Net investment hedges:
Forward contracts	Prepaid expenses and other current assets	$	1,513,750	$	261,813	$	925,810	$	73,819
Forward contract	Other current liabilities	$	—	$	—	$	235,180	$	2,935
Foreign currency debt	Long-term debt	€	700,000	$	686,980	€	700,000	$	792,820

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

The tables below present gains related to designated net investment hedges:

	Gain Recognized in AOCL before Reclassifications				Gain Recognized in Interest Expense for Excluded Components
(in thousands)	2022		2021		2022		2021
Three months ended September 30,
Forward contracts	$	81,454	$	20,958	$	7,965	$	6,574
Foreign currency debt	43,890		21,000		—		—
Total	$	125,344	$	41,958	$	7,965	$	6,574

	Gain Recognized in AOCL before Reclassifications				Gain Recognized in Interest Expense for Excluded Components
(in thousands)	2022		2021		2022		2021
Nine months ended September 30,
Forward contracts	$	167,834	$	45,143	$	23,095	$	19,722
Foreign currency debt	105,840		49,280		—		—
Total	$	273,674	$	94,423	$	23,095	$	19,722

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes anti-dilutive shares outstanding:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Anti-dilutive shares outstanding	360	—	1,142	158