Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

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

DERIVATIVE INSTRUMENTS(1)	SEPTEMBER 30, 2022		DECEMBER 31, 2021
Cash Flow Hedges(2)
March 2024 Interest Rate Swap Agreements	$	12,879	$	(7,680)
Net Investment Hedges(3)
August 2023 Cross-Currency Swap Agreements	12,938		(664)
February 2026 Cross-Currency Swap Agreements	60,070		11,021

(1)Our derivative assets are included as a component of (i) Prepaid expenses and other or (ii) 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 September 30, 2022, $12,938 is included within Prepaid expenses and other and $72,949 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 September 30, 2022, cumulative net gains of $12,879 are recorded within Accumulated other comprehensive items, net associated with these interest rate swap agreements.

(3)As of September 30, 2022, cumulative net gains of $73,008 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 nine months ended September 30, 2022 and 2021, by derivative instrument, are as follows:

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
DERIVATIVE INSTRUMENTS(1)	2022		2021		2022		2021
Cash Flow Hedges
March 2024 Interest Rate Swap Agreements	$	5,157	$	1,950	$	20,559	$	7,946
Net Investment Hedges
August 2023 Cross-Currency Swap Agreements	6,771		2,655		13,602		5,933
February 2026 Cross-Currency Swap Agreements	20,305		10,060		49,049		21,626

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