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Equity
 6 Months Ended
Jun. 30, 2022
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 $1.6 billion and $1.0 billion of the Company’s common stock during 2021 and the first half of 2022, respectively. As of June 30, 2022, $704.4 million remained available under the share repurchase program. 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 EndedSix Months Ended
 June 30,June 30,
 2022202120222021
Number of shares repurchased (1) 1,781,137 3,094,706 3,408,846 5,369,416 
Cash paid for repurchased shares (in thousands) (2)$478,810 $684,900 $929,880 $1,083,350 
(1)The average purchase price for repurchased shares was $265.98 and $218.33 for the three months ended June 30, 2022 and 2021, respectively, and $274.84 and $202.28 for the six months ended June 30, 2022 and 2021, respectively. The repurchased shares during the three and six months ended June 30, 2022 and 2021 included purchases for both open market purchases and stock-based compensation award settlements.
(2)The cash paid for repurchased shares during the six months ended June 30, 2022 excluded $7.0 million of open market purchases with trade dates in June 2022 that settled in July 2022. The cash paid for repurchased shares during the six months ended June 30, 2021 included $8.0 million of open market purchases with trade dates in December 2020 that settled in January 2021 and excluded $10.8 million of open market purchases with trade dates in June 2021 that settled in July 2021.
The cash paid for repurchased shares during the three months ended June 30, 2022 included $12.1 million of open market purchases with trade dates in March 2022 that settled in April 2022, and excluded $7.0 million of open market purchases with trade dates in June 2022 that settled in July 2022. The cash paid for repurchased shares during the three months ended
June 30, 2021 included $20.0 million of open market purchases with trade dates in March 2021 that settled in April 2021, and excluded $10.8 million of open market purchases with trade dates in June 2021 that settled in July 2021.
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 June 30, 2022
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – March 31, 2022$(50,953)$(6,624)$(25,234)$(82,811)
Other comprehensive income (loss) activity during the period:  
  Change in AOCL before reclassifications to income— (189)(25,431)(25,620)
  Reclassifications from AOCL to income (2), (3)3,869 46 — 3,915 
Other comprehensive income (loss), net3,869 (143)(25,431)(21,705)
Balance – June 30, 2022$(47,084)$(6,767)$(50,665)$(104,516)

Three Months Ended June 30, 2021
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – March 31, 2021$(72,834)$(9,206)$(11,138)$(93,178)
Other comprehensive income activity during the period:
  Change in AOCL before reclassifications to income— — 4,639 4,639 
  Reclassifications from AOCL to income (2), (3)5,457 104 — 5,561 
Other comprehensive income, net5,457 104 4,639 10,200 
Balance – June 30, 2021$(67,377)$(9,102)$(6,499)$(82,978)

Six Months Ended June 30, 2022
Interest Rate
Swaps		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2021$(56,323)$(6,672)$(18,436)$(81,431)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income— (189)(32,229)(32,418)
Reclassifications from AOCL to income (2), (3)9,239 94 — 9,333 
Other comprehensive income (loss), net9,239 (95)(32,229)(23,085)
Balance – June 30, 2022$(47,084)$(6,767)$(50,665)$(104,516)
Six Months Ended June 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 activity during the period:
Change in AOCL before reclassifications to income— — 5,316 5,316 
Reclassifications from AOCL to income (2), (3)10,727 207 — 10,934 
Other comprehensive income, net10,727 207 5,316 16,250 
Balance – June 30, 2021$(67,377)$(9,102)$(6,499)$(82,978)
(1)Amounts in parentheses represent debits (deferred losses).
(2)$5.1 million and $7.3 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended June 30, 2022 and 2021, respectively. $12.3 million and $14.3 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the six months ended June 30, 2022 and 2021, respectively. 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 June 30, 2022 that is expected to be reclassified into earnings within the next 12 months is $20.5 million.