Equity (Tables)

6 Months Ended

Jun. 30, 2025

Components and Activity in Accumulated Other Comprehensive (Loss) Income Net of Deferred Income Taxes

The components and activity in Accumulated other comprehensive loss (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):


	Three Months Ended June 30, 2025		Three Months Ended June 30, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total		Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total
Balance, beginning of period	$	(638,169)	$	5,033	$	(633,136)	$	(586,620)	$	(10,585)	$	(597,205)
Other comprehensive income (loss) before reclassifications	268,742		165		268,907		(46,767)		4,060		(42,707)
Amounts reclassified from accumulated other comprehensive loss	16		(272)		(256)		16		2,557		2,573
Other comprehensive income (loss), net of tax	268,758		(107)		268,651		(46,751)		6,617		(40,134)
Other comprehensive income attributable to noncontrolling interests	(59)		—		(59)		(212)		—		(212)
Balance, end of period	$	(369,470)	$	4,926	$	(364,544)	$	(633,583)	$	(3,968)	$	(637,551)

	Six Months Ended June 30, 2025		Six Months Ended June 30, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total		Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total
Balance, beginning of period	$	(747,202)	$	5,140	$	(742,062)	$	(536,601)	$	8,075	$	(528,526)
Other comprehensive income (loss) before reclassifications	377,741		(66)		377,675		(97,004)		(17,282)		(114,286)
Amounts reclassified from accumulated other comprehensive loss	32		(148)		(116)		33		5,239		5,272
Other comprehensive income (loss), net of tax	377,773		(214)		377,559		(96,971)		(12,043)		(109,014)

Other comprehensive income attributable to noncontrolling interests	(41)		—		(41)		(11)		—		(11)
Balance, end of period	$	(369,470)	$	4,926	$	(364,544)	$	(633,583)	$	(3,968)	$	(637,551)

(a)We previously entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. During 2024, the Company dedesignated the remaining foreign currency forward contracts accounted for as cash flow hedges. The related loss was reclassified to Other (expenses) income, net during the six-month period ended June 30, 2024. The balance of the settled hedged foreign currency forward contracts will be reclassified to earnings over the life of the related assets. See Note 9, “Restructuring Charges and Asset Write-offs,” and Note 14, “Fair Value of Financial Instruments,” for additional information.

Amount of Income Tax (Expense) Benefit Allocated to Component Of Other Comprehensive Income (Loss)

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the three-month and six-month periods ended June 30, 2025 and 2024 is provided in the following tables (in thousands):


	Three Months Ended June 30, 2025		Three Months Ended June 30, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive income (loss), before tax	$	263,101	$	(107)	$	262,994	$	(46,747)	$	9,453	$	(37,294)
Income tax benefit (expense)	5,657		—		5,657		(4)		(2,836)		(2,840)
Other comprehensive income (loss), net of tax	$	268,758	$	(107)	$	268,651	$	(46,751)	$	6,617	$	(40,134)

	Six Months Ended June 30, 2025		Six Months Ended June 30, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive income (loss), before tax	$	372,119	$	(214)	$	371,905	$	(96,964)	$	(17,204)	$	(114,168)
Income tax benefit (expense)	5,654		—		5,654		(7)		5,161		5,154
Other comprehensive income (loss), net of tax	$	377,773	$	(214)	$	377,559	$	(96,971)	$	(12,043)	$	(109,014)