XML 92 R80.htm IDEA: XBRL DOCUMENT v3.25.2
HEDGING INSTRUMENTS (Narrative) (Details)
$ in Thousands, € in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 29, 2029
USD ($)
Jun. 30, 2028
USD ($)
Mar. 31, 2028
USD ($)
Jun. 18, 2025
USD ($)
Jun. 18, 2025
EUR (€)
instrument
Jul. 31, 2028
EUR (€)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jul. 31, 2025
EUR (€)
Jun. 30, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Jun. 30, 2015
EUR (€)
Derivative [Line Items]                              
Credit facility             $ 579,000   $ 579,000       $ 250,000    
Unrealized gains (losses) on Euro-denominated notes, net of tax             (5,952) $ 718 (8,958) $ 2,336          
Payments of senior notes                 103,386 0          
Proceeds from net investment hedges                 890 727          
Unrealized gains (losses) on cross currency swaps, net of tax             (10,442) 1,335 (14,047) 3,384          
Euro-Denominated Notes                              
Derivative [Line Items]                              
Debt instrument, face amount | €                             € 88.9
Stated interest rate (as a percent)                             1.785%
Unrealized gains (losses) on Euro-denominated notes, net of tax | €         € 2.5                    
Payments of senior notes | €         103.4                    
Term Loan                              
Derivative [Line Items]                              
Credit facility             250,000   250,000       250,000    
Foreign Currency Exchange Contracts                              
Derivative [Line Items]                              
Estimated net amount of gains (losses) expected to be reclassified out of accumulated other comprehensive income and into earnings within next 12 months                 $ (6,700)            
General duration of foreign currency exchange contracts (in months)                 24 months            
Derivative, notional amount             325,600   $ 325,600       $ 325,700    
Foreign Currency Exchange Contracts | Minimum                              
Derivative [Line Items]                              
Cash flow hedge, hedge percentage of estimated exposure from intercompany products purchases and sales (as a percent)                 75.00%            
Foreign Currency Exchange Contracts | Maximum                              
Derivative [Line Items]                              
Cash flow hedge, hedge percentage of estimated exposure from intercompany products purchases and sales (as a percent)                 85.00%            
Interest Rate Swap                              
Derivative [Line Items]                              
Estimated net amount of gains (losses) expected to be reclassified out of accumulated other comprehensive income and into earnings within next 12 months                 $ 300            
Derivative, fixed interest rate (as a percent)                           3.90%  
Interest Rate Swap | Term Loan                              
Derivative [Line Items]                              
Credit facility                           $ 250,000  
Cross Currency Swaps | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Derivative, notional amount | €         € 15.0                    
Number of derivative instruments settled | instrument         2                    
Proceeds from net investment hedges       $ 100                      
Cross currency swap | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Derivative, notional amount | €                       € 35.0      
Cross currency swap | Forecast | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Proceeds from net investment hedges     $ 37,800                        
Cross currency swap | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Derivative, notional amount | €                       90.0      
Cross currency swap | Forecast | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Proceeds from net investment hedges   $ 98,200                          
Cross currency swap | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Derivative, notional amount | €                       € 20.0      
Cross currency swap | Forecast | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Proceeds from net investment hedges $ 21,300                            
Cross currency swap | Derivatives and non-derivatives designated as hedging instruments | Subsequent Event                              
Derivative [Line Items]                              
Derivative, notional amount | €                     € 115.0        
Cross currency swap | Forecast | Derivatives and non-derivatives designated as hedging instruments                              
Derivative [Line Items]                              
Proceeds from net investment hedges | €           € 133.8                  
Interest Rate Contract                              
Derivative [Line Items]                              
Excluded component recognized as reduction of interest             $ 400 $ 400 $ 800 $ 700