Accumulated Other Comprehensive Loss (AOCI)

9 Months Ended

Sep. 30, 2020

The changes in the components of AOCL for the nine months ended September 30, 2020 and 2019 are as follows (in thousands):


	Cumulative Foreign Currency Translation		Unrealized Gains/Losses on Swap Contracts		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2020	$	(929,713)	$	(42,752)	$	(972,465)
Other comprehensive loss before reclassifications	(577,189)		(85,033)		(662,222)
Amounts reclassified from AOCI	—		26,949		26,949
Tax effect	—		24,602		24,602
Other comprehensive loss	(577,189)		(33,482)		(610,671)
Balance at September 30, 2020	$	(1,506,902)	$	(76,234)	$	(1,583,136)


	Cumulative Foreign Currency Translation		Unrealized Gains/Losses on Swap Contracts		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2019	$	(913,858)	$	—	$	(913,858)
Other comprehensive loss before reclassifications	(148,282)		(71,703)		(219,985)
Amounts reclassified from AOCI	—		2,185		2,185
Tax effect	—		16,980		16,980
Other comprehensive loss	(148,282)		(52,538)		(200,820)
Balance at September 30, 2019	$	(1,062,140)	$	(52,538)	$	(1,114,678)