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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated net income $ 1,435,158 $ 1,110,468 $ 586,464
Other comprehensive income (loss):      
Foreign currency translation adjustment and other, net of taxes (231,464) (133,106) 185,952
Unrealized gain (loss) on foreign exchange contracts designated as net investment hedges, net of taxes 8,779 14,452 (13,488)
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net of taxes 28,664 21,538 (9,000)
Employee benefit plan items, net of taxes 18,724 7,150 (2,864)
Other comprehensive income (loss) (175,297) (89,966) 160,600
Comprehensive income 1,259,861 1,020,502 747,064
Less: Comprehensive income (loss) attributable to noncontrolling interests 6,582 (923) 5,300
Comprehensive income attributable to shareholders $ 1,253,279 $ 1,021,425 $ 741,764