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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2025
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 (in thousands):
December 31, 2025December 31, 2024
InstrumentBalance sheet locationNotionalBalanceNotionalBalance
Net investment hedges:
Forward contractPrepaid expenses and other current assets$245,960 $7,146 $1,867,966 $85,834 
Forward contractsOther current liabilities$1,633,396 $66,516 $— $— 
Foreign currency debt Current portion of debt and long-term debt€475,000 $558,030 €475,000 $494,285 
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The table below presents pre-tax gains and losses related to net investment hedges for the year ended December 31:
(Loss) Gain Recognized in AOCL Before ReclassificationsGain Recognized in Interest Expense For Excluded Components
(in thousands)202520242023202520242023
Net Investment Hedges:
Forward contracts$(145,262)$49,625 $(22,946)$23,392 $18,905 $12,634 
Foreign currency debt (63,745)34,948 (23,380)— — — 
Total$(209,007)$84,573 $(46,326)$23,392 $18,905 $12,634 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below presents pre-tax gains and losses related to net investment hedges for the year ended December 31:
(Loss) Gain Recognized in AOCL Before ReclassificationsGain Recognized in Interest Expense For Excluded Components
(in thousands)202520242023202520242023
Net Investment Hedges:
Forward contracts$(145,262)$49,625 $(22,946)$23,392 $18,905 $12,634 
Foreign currency debt (63,745)34,948 (23,380)— — — 
Total$(209,007)$84,573 $(46,326)$23,392 $18,905 $12,634