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Subsequent Events (Tables) | 12 Months Ended
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Dec. 31, 2022
Subsequent Events [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The aggregate equivalent U.S. dollar notional amount of foreign exchange derivative customer contracts held by the Company as of December 31, 2022 and 2021 (in millions) is presented in the table below.
| Notional
| 2022 |  | 2021
Foreign exchange contracts: |  |  |
Swaps | $ | 160.9 |  |  | $ | 2,670.4 |
Futures, forwards and spot | 15,159.4 |  |  | 7,818.3 |
Written options | 13,701.9 |  |  | 11,221.9 |
Purchased options | 11,474.2 |  |  | 10,614.0 |
Total | $ | 40,496.4 |  |  | $ | 32,324.6 |
As of December 31, 2022, the Company had the following outstanding interest rate derivatives that qualify as hedging instruments and are designated as cash flow hedges of interest rate risk (in millions):
|  | Notional Amount as of |  | Fixed Rates |  | Maturity Date
|  | December 31, 2022 |
Interest Rate Derivative: |  |  |  |  |  |
Interest Rate Swap |  | $500 |  | 2.56 | % |  | 1/31/2023
Interest Rate Swap |  | $500 |  | 2.55 | % |  | 12/19/2023
In January 2023, the Company entered into five receive-variable, pay-fixed interest rate swap derivative contracts with U.S. dollar notional amounts as follows (in millions):
Notional Amount |  | Fixed Rates |  | Maturity Date
$250 |  | 4.01% |  | 7/31/2025
$250 |  | 4.02% |  | 7/31/2025
$500 |  | 3.80% |  | 1/31/2026
$250 |  | 3.71% |  | 7/31/2026
$250 |  | 3.72% |  | 7/31/2026

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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
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