Equity (Tables)

9 Months Ended

Sep. 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 September 30, 2025		Three Months Ended September 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	$	(369,470)	$	4,926	$	(364,544)	$	(633,583)	$	(3,968)	$	(637,551)
Other comprehensive (loss) income before reclassifications	(4,004)		(47)		(4,051)		158,708		(6,849)		151,859
Amounts reclassified from accumulated other comprehensive loss	17		(60)		(43)		16		16,064		16,080
Other comprehensive (loss) income, net of tax	(3,987)		(107)		(4,094)		158,724		9,215		167,939
Other comprehensive loss (income) attributable to noncontrolling interests	46		—		46		(158)		—		(158)
Balance, end of period	$	(373,411)	$	4,819	$	(368,592)	$	(475,017)	$	5,247	$	(469,770)

	Nine Months Ended September 30, 2025		Nine Months Ended September 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	373,737		(113)		373,624		61,704		(24,131)		37,573
Amounts reclassified from accumulated other comprehensive loss	49		(208)		(159)		49		21,303		21,352
Other comprehensive income (loss), net of tax	373,786		(321)		373,465		61,753		(2,828)		58,925

Other comprehensive loss (income) attributable to noncontrolling interests	5		—		5		(169)		—		(169)
Balance, end of period	$	(373,411)	$	4,819	$	(368,592)	$	(475,017)	$	5,247	$	(469,770)

(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 income (expenses), net during the nine-month period ended September 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 (loss) income for the three-month and nine-month periods ended September 30, 2025 and 2024 is provided in the following tables (in thousands):


	Three Months Ended September 30, 2025		Three Months Ended September 30, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive (loss) income, before tax	$	(4,216)	$	(107)	$	(4,323)	$	158,727	$	14,376	$	173,103
Income tax benefit (expense)	229		—		229		(3)		(5,161)		(5,164)
Other comprehensive (loss) income, net of tax	$	(3,987)	$	(107)	$	(4,094)	$	158,724	$	9,215	$	167,939

	Nine Months Ended September 30, 2025		Nine Months Ended September 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	$	367,903	$	(321)	$	367,582	$	61,763	$	(2,828)	$	58,935
Income tax benefit (expense)	5,883		—		5,883		(10)		—		(10)
Other comprehensive income (loss), net of tax	$	373,786	$	(321)	$	373,465	$	61,753	$	(2,828)	$	58,925