Accumulated Other Comprehensive Loss (AOCL)

3 Months Ended

Mar. 31, 2023

The changes in the components of AOCL for the three months ended March 31, 2023 and 2022 are as follows (in thousands):


	March 31, 2023
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at December 31, 2022	$	(1,518,640)	$	8,990	$	(1,509,650)
Other comprehensive income (loss) before reclassifications	81,107		(3,640)		77,467
Amounts reclassified from AOCL	—		(5,089)		(5,089)
Tax effect	—		3,256		3,256
Other comprehensive income (loss)	81,107		(5,473)		75,634
Balance at March 31, 2023	$	(1,437,533)	$	3,517	$	(1,434,016)


	March 31, 2022
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at December 31, 2021	$	(1,441,505)	$	(23,111)	$	(1,464,616)
Other comprehensive income before reclassifications	182,949		16,094		199,043
Amounts reclassified from AOCL	—		8,148		8,148
Tax effect	—		(6,012)		(6,012)
Other comprehensive income	182,949		18,230		201,179
Balance at March 31, 2022	$	(1,258,556)	$	(4,881)	$	(1,263,437)