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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022December 31, 2021
InstrumentBalance sheet locationNotionalBalanceNotionalBalance
Net investment hedges:
Forward contractsPrepaid expenses and other current assets$606,950 $46,670 $925,810 $73,819 
Forward contractsOther current liabilities$106,800 $3,064 $235,180 $2,935 
Foreign currency debt Long-term debt€700,000 $749,280 €700,000 $792,820 
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The table below presents pre-tax gains and losses related to cash flow hedges and net investment hedges:
Gain (Loss) Recognized in AOCL Before ReclassificationsGain Recognized in Interest Expense For Excluded Components
202220212020202220212020
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract$— $— $(29,464)$— $— $— 
Net Investment Hedges:
Forward contracts103,240 56,362 (85,390)27,923 26,295 27,146 
Foreign currency debt 43,540 68,250 (77,070)— — — 
Total$146,780 $124,612 $(191,924)$27,923 $26,295 $27,146 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below presents pre-tax gains and losses related to cash flow hedges and net investment hedges:
Gain (Loss) Recognized in AOCL Before ReclassificationsGain Recognized in Interest Expense For Excluded Components
202220212020202220212020
Year Ended December 31,
Cash Flow Hedges:
Interest rate contract$— $— $(29,464)$— $— $— 
Net Investment Hedges:
Forward contracts103,240 56,362 (85,390)27,923 26,295 27,146 
Foreign currency debt 43,540 68,250 (77,070)— — — 
Total$146,780 $124,612 $(191,924)$27,923 $26,295 $27,146