Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Assets (liabilities) recognized in our Condensed Consolidated Balance Sheets at June 30, 2022 and December 31, 2021, by derivative instrument, are as follows:

DERIVATIVE INSTRUMENTS(1)	JUNE 30, 2022		DECEMBER 31, 2021
Cash Flow Hedges(2)
Interest Rate Swap Agreements	$	7,722	$	(7,680)
Net Investment Hedges(3)
August 2023 Cross-Currency Swap Agreements	6,167		(664)
February 2026 Cross-Currency Swap Agreements	39,765		11,021

(1)Our derivative assets are included as a component of Other within Other assets, net in our Condensed Consolidated Balance Sheets and our derivative liabilities are included as a component of (i) Accrued expenses and other current liabilities or (ii) Other long-term liabilities in our Condensed Consolidated Balance Sheets. As of June 30, 2022, $53,654 is included within Other assets. As of December 31, 2021, $11,021 is included within Other assets, $2,082 is included within Accrued expense and other current liabilities and $6,262 is included within Other long-term liabilities.

(2)As of June 30, 2022, cumulative net gains of $7,722 are recorded within Accumulated other comprehensive items, net associated with these interest rate swap agreements.

(3)As of June 30, 2022, cumulative net gains of $45,932 are recorded within Accumulated other comprehensive items, net associated with these cross-currency swap agreements.

Schedule of Gains(Losses) for Derivative Instruments

Unrealized gains (losses) recognized during the three and six months ended June 30, 2022 and 2021, by derivative instrument, are as follows:

	THREE MONTHS ENDED JUNE 30,				SIX MONTHS ENDED JUNE 30,
DERIVATIVE INSTRUMENTS(1)	2022		2021		2022		2021
Cash Flow Hedges
Interest Rate Swap Agreements	$	3,932	$	1,795	$	15,402	$	5,996
Net Investment Hedges
August 2023 Cross-Currency Swap Agreements	5,948		(1,473)		6,831		3,278
February 2026 Cross-Currency Swap Agreements	24,331		5,312		28,744		11,566

(1)These amounts are recognized as unrealized gains (losses), a component of Accumulated other comprehensive items, net.