Accumulated Other Comprehensive Loss (AOCL)

6 Months Ended

Jun. 30, 2021

The changes in the components of AOCL for the six months ended June 30, 2021 and 2020 are as follows (in thousands):


	June 30, 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 income before reclassifications	77,648		2,345		79,993
Amounts reclassified from AOCI	—		24,542		24,542
Tax effect	—		(6,554)		(6,554)
Other comprehensive income	77,648		20,333		97,981
Balance at June 30, 2021	$	(1,219,314)	$	(45,863)	$	(1,265,177)


	June 30, 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	(566,861)		(85,554)		(652,415)
Amounts reclassified from AOCI	—		14,729		14,729
Tax effect	—		28,176		28,176
Other comprehensive loss	(566,861)		(42,649)		(609,510)
Balance at June 30, 2020	$	(1,496,574)	$	(85,401)	$	(1,581,975)