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General (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Derivative Instruments
The following table summarizes the classification and carrying amounts of derivative instruments and the foreign currency denominated debt, a non-derivative financial instrument, that are designated and qualify as part of hedging relationships (in thousands):
June 30, 2022December 31, 2021
InstrumentBalance Sheet ClassificationNotionalBalanceNotionalBalance
Net investment hedges:
Forward contractsPrepaid expenses and other current assets$1,406,950$172,393$925,810$73,819
Forward contractOther current liabilities$—$—$235,180$2,935
Foreign currency debt Long-term debt€700,000$730,870€700,000$792,820
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The tables below present gains and losses related to designated net investment hedges:
Gain (Loss) Recognized in AOCL before ReclassificationsGain Recognized in Interest Expense for Excluded Components
(in thousands)2022202120222021
Three Months Ended June 30,
Forward contracts$66,986 $(13,329)$7,565 $6,574 
Foreign currency debt 50,190 (12,670)— — 
Total$117,176 $(25,999)$7,565 $6,574 
Gain Recognized in AOCL before ReclassificationsGain Recognized in Interest Expense for Excluded Components
(in thousands)2022202120222021
Six Months Ended June 30,
Forward contracts$86,380 $24,186 $15,130 $13,148 
Foreign currency debt 61,950 28,280 — — 
Total$148,330 $52,466 $15,130 $13,148 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes anti-dilutive shares outstanding:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Anti-dilutive shares outstanding45618674899