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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Notional Amount of Derivatives and Other Financial Instruments
The following presents the notional amount of derivatives and other financial instruments as of the dates indicated (in thousands): 
 June 30, 2024December 31, 2023
Derivatives designated as net investment hedges:
Denominated in Canadian Dollars$2,700,000 $2,025,000 
Denominated in Pound Sterling£1,660,708 £1,660,708 
Financial instruments designated as net investment hedges:
Denominated in Canadian Dollars$250,000 $250,000 
Denominated in Pound Sterling£1,050,000 £1,050,000 
Interest rate swaps and caps designated as cash flow hedges:
Denominated in U.S Dollars (1)
$522,601 $872,601 
Interest rate swaps designated as fair value hedges:
Denominated in U.S Dollars$550,000 $550,000 
Derivative instruments not designated:
Foreign currency exchange contracts denominated in Canadian Dollars$80,000 $80,000 
(1) At June 30, 2024, the maximum maturity date was September 1, 2028.
Summary of Impact of Derivative Instruments on the Consolidated Statements of Comprehensive Income
The following presents the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the periods presented (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
DescriptionLocation2024202320242023
Gain (loss) on derivative instruments designated as hedges recognized in incomeInterest expense$5,833 $4,759 $10,651 $9,378 
Gain (loss) on derivative instruments not designated as hedges recognized in incomeInterest expense$615 $(1,175)$1,916 $(1,429)
Gain (loss) on equity warrants recognized in incomeGain (loss) on derivatives and financial instruments, net$5,825 $(1,242)$8,879 $(2,127)
Gain (loss) on derivative and financial instruments designated as hedges recognized in OCIOCI$9,096 $(85,884)$69,711 $(155,622)