Accumulated Other Comprehensive Loss (AOCI)

3 Months Ended

Mar. 31, 2021

The changes in the components of AOCL for the three months ended March 31, 2021 and 2020 are as follows (in thousands):


	March 31, 2021
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2021	$	(1,296,962)	$	(66,196)	$	(1,363,158)
Other comprehensive (loss) income before reclassifications	(129,157)		2,724		(126,433)
Amounts reclassified from AOCI	—		12,146		12,146
Tax effect	—		(3,574)		(3,574)
Other comprehensive (loss) income	(129,157)		11,296		(117,861)
Balance at March 31, 2021	$	(1,426,119)	$	(54,900)	$	(1,481,019)


	March 31, 2020
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2020	$	(929,713)	$	(42,752)	$	(972,465)
Other comprehensive loss before reclassifications	(575,118)		(63,351)		(638,469)
Amounts reclassified from AOCI	—		4,414		4,414
Tax effect	—		14,396		14,396
Other comprehensive loss	(575,118)		(44,541)		(619,659)
Balance at March 31, 2020	$	(1,504,831)	$	(87,293)	$	(1,592,124)