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Accumulated Other Comprehensive Loss (AOCL) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023 are as follows (in thousands):
|  | September 30, 2024
|  | Cumulative Foreign Currency Translation |  | Unrealized (Losses) Gains 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 |  | (120,204) |  |  | (31,461) |  |  | (151,665) |
Amounts reclassified from AOCL |  | — |  |  | (38,100) |  |  | (38,100) |
Tax effect |  | — |  |  | 16,890 |  |  | 16,890 |
Other comprehensive (loss) income, net of tax |  | (120,204) |  |  | (52,671) |  |  | (172,875) |
Balance at September 30, 2024 |  | $ | (1,378,486) |  |  | $ | (83,488) |  |  | $ | (1,461,974) |
Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the table above, for the nine months ended September 30, 2024 consisted of foreign currency translation losses of $2.6 million.
|  | September 30, 2023 |  |
|  | Cumulative Foreign Currency Translation |  | Unrealized Gains (Losses) on Derivative Instruments |  | Total Accumulated Other Comprehensive (Loss) Income Attributable to Corpay |  |
Balance at December 31, 2022 |  | $ | (1,518,640) |  |  | $ | 8,990 |  |  | $ | (1,509,650) |  |  |
Other comprehensive (loss) income before reclassifications |  | (16,387) |  |  | 71,500 |  |  | 55,113 |  |  |
Amounts reclassified from AOCL |  | 120,269 |  |  | (24,603) |  |  | 95,666 |  |  |
Tax effect |  | — |  |  | (3,063) |  |  | (3,063) |  |  |
Other comprehensive income, net of tax |  | 103,882 |  |  | 43,834 |  |  | 147,716 |  |  |
Balance at September 30, 2023 |  | $ | (1,414,758) |  |  | $ | 52,824 |  |  | $ | (1,361,934) |  |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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