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Equity
 9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Equity Equity
Share Repurchase Authorization

In 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $1.2 billion of the Company’s common stock. The Board authorized incremental share repurchases of up to an additional $300.0 million, $500.0 million and $800.0 million of the Company’s common stock in February 2021, April 2021 and July 2021, respectively. $776.3 million remained available under the share repurchase program as of September 30, 2021. The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions. Repurchases may be made through open market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), accelerated share repurchases, private transactions or other transactions and will be funded by cash on hand and borrowings. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s stock-based compensation awards.
The Company’s share repurchase activity is presented in the table below for the periods indicated.
Three Months EndedNine Months Ended
 September 30,September 30,
 2021202020212020
Number of shares repurchased (1) 1,255,218 17,167 6,624,634 440,873 
Cash paid for repurchased shares (in thousands) (2)$355,458 $2,255 $1,438,808 $76,117 
(1)The average purchase price for repurchased shares was $290.54 and $131.35 for the three months ended September 30, 2021 and 2020, respectively, and $219.00 and $149.97 for the nine months ended September 30, 2021 and 2020, respectively. The repurchased shares during the three months ended September 30, 2021 included purchases for both open market purchases and stock-based compensation award settlements. All of the shares repurchased during the three months ended September 30, 2020 related to the settlement of the Company's stock-based compensation awards. The repurchased shares during the nine months ended September 30, 2021 and 2020 included purchases for both open market purchases and stock-based compensation award settlements.
(2)The cash paid for repurchased shares during the nine months ended September 30, 2021 included $8.0 million of open market purchases with trade dates in December 2020 that settled in January 2021 and excluded $20.0 million of open market purchases with trade dates in September 2021 that settled in October 2021. The cash paid for repurchased shares during the nine months ended September 30, 2020 included $10.0 million of open market purchases with trade dates in December 2019 that settled in January 2020.

Accumulated Other Comprehensive Loss, net (“AOCL”)

The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1).
Three Months Ended September 30, 2021
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – June 30, 2021$(67,377)$(9,102)$(6,499)$(82,978)
Other comprehensive income (loss) activity during the period:  
  Change in AOCL before reclassifications to income— — (6,488)(6,488)
  Reclassifications from AOCL to income (2), (3)5,529 100 — 5,629 
Other comprehensive income (loss), net5,529 100 (6,488)(859)
Balance – September 30, 2021$(61,848)$(9,002)$(12,987)$(83,837)

Three Months Ended September 30, 2020
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – June 30, 2020$(88,996)$(8,425)$(44,754)$(142,175)
Other comprehensive income (loss) activity during the period:
  Change in AOCL before reclassifications to income(1,033)— 7,498 6,465 
  Reclassifications from AOCL to income (2), (3)5,412 85 — 5,497 
Other comprehensive income (loss), net4,379 85 7,498 11,962 
Balance – September 30, 2020$(84,617)$(8,340)$(37,256)$(130,213)

Nine Months Ended September 30, 2021
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2020$(78,104)$(9,309)$(11,815)$(99,228)
Other comprehensive income (loss) activity during the period:  
  Change in AOCL before reclassifications to income— — (1,172)(1,172)
  Reclassifications from AOCL to income (2), (3)16,256 307 — 16,563 
Other comprehensive income (loss), net16,256 307 (1,172)15,391 
Balance at September 30, 2021
$(61,848)$(9,002)$(12,987)$(83,837)

Nine Months Ended September 30, 2020
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2019$(47,164)$(8,584)$(22,190)$(77,938)
Other comprehensive income (loss) activity during the period:
  Change in AOCL before reclassifications to income(58,022)— (15,066)(73,088)
  Reclassifications from AOCL to income (2), (3)20,569 244 — 20,813 
Other comprehensive income (loss), net(37,453)244 (15,066)(52,275)
Balance – September 30, 2020$(84,617)$(8,340)$(37,256)$(130,213)
(1)Amounts in parentheses represent debits (deferred losses).
(2)$7.4 million and $7.2 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended September 30, 2021 and 2020, respectively. $21.7 million and $17.7
million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the nine months ended September 30, 2021 and 2020, respectively. In addition, as a result of the interest rate swaps de-designation, the Company reclassified $10.3 million to Other income (expense), net, during the three months ended June 30, 2020. See Note 8 — Debt and Note 11 — Derivatives and Hedging for information regarding the cash flow hedges.
(3)The reclassifications related to defined benefit pension plans were recorded in Other income (expense), net.
The estimated net amount of the existing losses on the Company’s interest rate swaps that are reported in Accumulated other comprehensive loss, net at September 30, 2021 that is expected to be reclassified into earnings within the next 12 months is $24.9 million.