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Accumulated Other Comprehensive Loss (AOCL)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss (AOCL) Accumulated Other Comprehensive Loss (AOCL)
The changes in the components of AOCL, net of tax and noncontrolling interest, for the six months ended June 30, 2024 and 2023 are as follows (in thousands):
June 30, 2024
Cumulative Foreign Currency Translation
Unrealized Gains (Losses) on Derivative Instruments
Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2023$(1,258,282)$(30,817)$(1,289,099)
Other comprehensive (loss) income before reclassifications
(254,705)85,316 (169,389)
Amounts reclassified from AOCL— (25,238)(25,238)
Tax effect — (15,259)(15,259)
Other comprehensive (loss) income, net of tax
(254,705)44,819 (209,886)
Balance at June 30, 2024$(1,512,987)$14,002 $(1,498,985)
Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the table above, for the six months ended June 30, 2024 consisted of foreign currency translation losses of $3.2 million.
June 30, 2023
Cumulative Foreign Currency Translation Unrealized (Losses) Gains on Derivative Instruments
Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2022$(1,518,640)$8,990 $(1,509,650)
Other comprehensive income before reclassifications
140,656 26,540 167,196 
Amounts reclassified from AOCL— (12,392)(12,392)
Tax effect — (2,417)(2,417)
Other comprehensive income, net of tax
140,656 11,731 152,387 
Balance at June 30, 2023$(1,377,984)$20,721 $(1,357,263)