XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial assets and liabilities which are measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 (in thousands):

						Fair Value						Level 1						Level 2						Level 3
March 31, 2024
Assets:
Overnight deposits						$	252,146					$	—					$	252,146					$	—
Money market						149,686						—						149,686						—
Certificates of deposit						285,313						—						285,313						—
Treasury bills						59,075						—						59,075						—
Interest rate swaps						36,654						—						36,654						—
Cross-currency interest rate swap						7,922						—						7,922						—
Foreign exchange contracts						252,914						—						252,914						—
Total assets						$	1,043,710					$	—					$	1,043,710					$	—
Cash collateral for foreign exchange contracts						$	36,929
Liabilities:
Interest rate swaps						$	16,823					$	—					16,823						—
Cross-currency interest rate swap						9,498						—						9,498						—
Foreign exchange contracts						178,895						—						178,895						—
Total liabilities						$	205,216					$	—					$	205,216					$	—
Cash collateral obligation for foreign exchange contracts						$	155,781
December 31, 2023
Assets:
Overnight deposits						$	256,466					$	—					$	256,466					$	—
Money market						376,465						—						376,465						—
Certificates of deposit						266,316						—						266,316						—
Treasury bills						236,505						—						236,505						—
Interest rate swaps						23,485						—						23,485						—
Foreign exchange contracts						320,216						—						320,216						—
Total assets						$	1,479,453					$	—					$	1,479,453					$	—
Cash collateral for foreign exchange contracts						$	39,219
Liabilities:
Interest rate swaps						$	55,796					$	—					$	55,796					$	—
Cross-currency interest rate swap						14,522						—						14,522						—
Foreign exchange contracts						244,745						—						244,745						—
Total liabilities						$	315,063					$	—					$	315,063					$	—
Cash collateral obligation for foreign exchange contracts						$	180,168

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration