XML 48 R36.htm IDEA: XBRL DOCUMENT v3.25.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments in The Consolidated Balance Sheets
Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024
June 30, 2025December 31, 2024
Balance Sheet
Location
Derivatives Designated as Hedging InstrumentsDerivatives not Designated as Hedging InstrumentsDerivatives Designated as Hedging InstrumentsDerivatives not Designated as Hedging Instruments
Derivative Assets
Foreign Exchange ContractsPrepaid and other$— $862 $— $572 
$— $862 $— $572 
Derivative Liabilities
Foreign Exchange ContractsAccounts payable, accrued and other liabilities$— $884 $— $622 
Cross Currency Swap Contract (1)
Deferred and other non-current liabilities
35,699 — 11,851 — 
$35,699 $884 $11,851 $622 
__________________________
(1)This cross currency swap agreement is composed of both an interest component and a foreign exchange component.
Schedule of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (loss)
The Effect of Derivatives Designated as Hedging Instruments on Accumulated Other Comprehensive Income (Loss) for the Three Months Ended June 30, 2025 and 2024
Derivatives Designated as Hedging InstrumentsAmount of Gain (Loss)
Recognized in
Other Comprehensive
Income on Derivative		Location of (Loss)
Gain Recognized
in Income on
Derivatives		Amount of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive
Income on Derivative		Total Amount of Affected Income Statement Line Item
2025202420252024
Cross currency swap agreement:
Foreign exchange component$(14,138)$2,601 Miscellaneous, net$— $— $(120)
$(14,138)$2,601 $— $— 
The Effect of Derivatives Designated as Hedging Instruments on Accumulated Other Comprehensive Income (Loss) for the Six Months Ended June 30, 2025 and 2024
Derivatives Designated as Hedging Instruments
Amount of Gain (Loss)
Recognized in
Other Comprehensive
Income on Derivative
Location of Gain (Loss) Recognized
in Income on
Derivatives
Amount of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive
Income on Derivative
Total Amount of Affected Income Statement Line Item
2025202420252024
Cross currency swap agreement:
Foreign exchange component$(18,005)$5,509 Miscellaneous, net$— $— $(6)
$(18,005)$5,509 $— $— 
Schedule of Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Income
The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Three Months Ended June 30, 2025 and 2024
Derivatives Not Designated
as Hedging Instruments		Location of (Loss) Gain Recognized
in Income on Derivatives		Amount of (Loss) Gain
Recognized in Income
on Derivatives
20252024
Foreign Exchange ContractsOther (Expense) Income:
Miscellaneous, net		$(496)$437 
$(496)$437 
The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Six Months Ended June 30, 2025 and 2024
Derivatives Not Designated
as Hedging Instruments		Location of Loss Recognized
in Income on Derivatives		Amount of Loss
Recognized in Income
on Derivatives
20252024
Foreign Exchange ContractsOther (Expense) Income:
Miscellaneous, net		$25 $140 
$25 $140 
Schedule of Offsetting Derivative Assets and Liabilities
Gross Amounts Offset in the Statement of Financial PositionNet Amounts Presented in the Statement of Financial PositionGross Amounts not Offset in the Statement of Financial Position
Gross AmountFinancial InstrumentsCash Collateral ReceivedNet Amount
June 30, 2025
Derivative Assets$862 — $862 — — $862 
Total Assets$862 — $862 — — $862 
Derivative Liabilities$36,583 — $36,583 — — $36,583 
Total Liabilities$36,583 — $36,583 — — $36,583 
December 31, 2024
Derivative Assets$572 — $572 — — $572 
Total Assets$572 — $572 — — $572 
Derivative Liabilities$12,473 — $12,473 — — $12,473 
Total Liabilities$12,473 — $12,473 — — $12,473