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Equity
 9 Months Ended
Sep. 30, 2024
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 aggregate additional $4.1 billion of the Company’s common stock from February 2021 to July 2024. As of September 30, 2024, $1.0 billion 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 EndedNine Months Ended
 September 30,September 30,
 2024202320242023
Number of shares repurchased (1) 136,319 648,616 1,404,628 1,400,129 
Cash paid for repurchased shares (in thousands) (2)$68,660 $209,367 $633,377 $447,739 
(1)The average purchase price for repurchased shares was $466.99 and $341.11 for the three months ended September 30, 2024 and 2023, respectively, and $450.92 and $330.50 for the nine months ended September 30, 2024 and 2023, respectively. The repurchased shares during the three and nine months ended September 30, 2024 and 2023 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, 2024 excluded excise tax accrued. The cash paid for repurchased shares during the nine months ended September 30, 2023 excluded $15.0 million of open market purchases with trade dates in September 2023 that settled in October 2023 and excise tax accrued. The cash paid for repurchased shares during the three months ended September 30, 2024 included $5.0 million of open market purchases with trade dates in June 2024 that settled in July 2024. The cash paid for repurchased shares during the three months ended September 30, 2023 included $3.1 million of open market purchases with trade dates in June 2023 that settled in July 2023, and excluded $15.0 million of open market purchases with trade dates in September 2023 that settled in October 2023 and excise tax accrued.

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, 2024
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – June 30, 2024$(16,912)$(5,629)$(59,112)$(81,653)
Other comprehensive income (loss) activity during the period:  
Change in AOCL before reclassifications to income
— — 22,398 22,398 
Reclassifications from AOCL to income (2), (3)
3,571 51 — 3,622 
Other comprehensive income (loss), net3,571 51 22,398 26,020 
Balance – September 30, 2024$(13,341)$(5,578)$(36,714)$(55,633)

Three Months Ended September 30, 2023
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – June 30, 2023$(31,596)$(4,180)$(49,351)$(85,127)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — (13,171)(13,171)
Reclassifications from AOCL to income (2), (3)
3,707 33 — 3,740 
Other comprehensive income (loss), net3,707 33 (13,171)(9,431)
Balance – September 30, 2023$(27,889)$(4,147)$(62,522)$(94,558)
Nine Months Ended September 30, 2024
Interest Rate
Swaps		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2023$(24,162)$(5,731)$(46,438)$(76,331)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — 9,724 9,724 
Reclassifications from AOCL to income (2), (3)
10,821 153 — 10,974 
Other comprehensive income (loss), net10,821 153 9,724 20,698 
Balance – September 30, 2024$(13,341)$(5,578)$(36,714)$(55,633)
Nine Months Ended September 30, 2023
Interest Rate
Swaps		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2022$(39,248)$(4,247)$(58,115)$(101,610)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — (4,407)(4,407)
Reclassifications from AOCL to income (2), (3)
11,359 100 — 11,459 
Other comprehensive income (loss), net11,359 100 (4,407)7,052 
Balance – September 30, 2023$(27,889)$(4,147)$(62,522)$(94,558)
(1)Amounts in parentheses represent debits (deferred losses).
(2)$4.8 million and $4.9 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, 2024 and 2023, respectively. $14.4 million and $15.2 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, 2024 and 2023, 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 (expense) income, 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, 2024 that is expected to be reclassified into earnings within the next 12 months is $17.8 million.