Derivatives (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the fair value amounts of derivative instruments held by the Company:

	Derivative Assets					Derivative Liabilities
		Fair Value					Fair Value
	Balance Sheet Location	September 30, 2020		December 31, 2019		Balance Sheet Location	September 30, 2020		December 31, 2019
Derivatives designated as hedging instruments:
Interest rate contracts	Other assets	$	—	$	—	Other liabilities	$	(2,425)	$	(820)
Foreign exchange contracts	Prepaid expenses and other current assets	235		700		Accrued liabilities	—		—
Total derivatives designated as hedging instruments		235		700			(2,425)		(820)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaid expenses and other current assets	405		1,375		Accrued liabilities	(221)		(1)
Total derivatives not designated as hedging instruments		405		1,375			(221)		(1)
Total derivatives		$	640	$	2,075		$	(2,646)	$	(821)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table sets forth the effect of hedge accounting on accumulated other comprehensive (loss) income for the three and nine-month periods ended September 30, 2020 and 2019:

	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative								Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
	Three Months Ended September 30,				Nine Months Ended September 30,					Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives in Hedging Relationships	2020		2019		2020		2019			2020		2019		2020		2019
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts	$	344	$	(178)	$	(1,223)	$	(1,846)	Interest expense	$	(449)	$	86	$	(866)	$	367
Foreign exchange contracts	(265)		10		(224)		(114)		Net sales	237		(199)		(213)		(788)
Total	$	79	$	(168)	$	(1,447)	$	(1,960)		$	(212)	$	(113)	$	(1,079)	$	(421)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of hedge accounting on the Consolidated Statements of Income for the three-month periods ended September 30, 2020 and 2019:

	Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships
	Three Months Ended September 30,
	2020				2019
	Net sales		Interest expense		Net sales		Interest expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of hedges are recorded	$	269,059	$	3,701	$	372,587	$	5,344
The effects of hedging:
Gain (Loss) on cash flow hedging relationships
Interest rate contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income			(449)				86
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income	237				(199)

The following table sets forth the effect of hedge accounting on the consolidated statements of income for the nine-month periods ended September 30, 2020 and 2019:

	Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships
	Nine Months Ended September 30,
	2020				2019
	Net sales		Interest expense		Net sales		Interest expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of hedges are recorded	$	835,266	$	11,924	$	1,120,947	$	15,856
The effects of hedging:
Gain (Loss) on cash flow hedging relationships
Interest rate contracts
Amount of (loss) gain reclassified from accumulated other comprehensive income (loss) into income			(866)				367
Foreign exchange contracts
Amount of (loss) gain reclassified from accumulated other comprehensive income (loss) into income	(213)				(788)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of derivatives not designated as hedging instruments on the consolidated statements of income for the three and nine-month periods ended September 30, 2020 and 2019:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative(A)
		Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments		2020		2019		2020		2019
Foreign exchange contracts	Other expense (income), net	$	3,079	$	(11,662)	$	(2,743)	$	(15,182)