XML 46 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
Assets (liabilities) recognized in our Condensed Consolidated Balance Sheets at March 31, 2022 and December 31, 2021, by derivative instrument, are as follows:
DERIVATIVE INSTRUMENTS(1)
MARCH 31, 2022DECEMBER 31, 2021
Cash Flow Hedges(2)
  
Interest Rate Swap Agreements$3,790 $(7,680)
Net Investment Hedges(3)
August 2023 Cross-Currency Swap Agreements$219 $(664)
February 2026 Cross-Currency Swap Agreements15,434 11,021 
(1)Our derivative assets are included as a component of Other within Other assets, net in our Condensed Consolidated Balance Sheets and our derivative liabilities are included as a component of (i) Accrued expenses and other current liabilities or (ii) Other long-term liabilities in our Condensed Consolidated Balance Sheets. As of March 31, 2022, $19,443 is included within Other assets. As of December 31, 2021, $11,021 is included within Other assets, $2,082 is included within Accrued expense and other current liabilities and $6,262 is included within Other long-term liabilities.
(2)As of March 31, 2022, cumulative net gains of $3,790 are recorded within Accumulated other comprehensive items, net associated with these interest rate swap agreements.
(3)As of March 31, 2022, cumulative net gains of $15,653 are recorded within Accumulated other comprehensive items, net associated with these cross-currency swap agreements.
Schedule of gains(losses) For Derivative Instruments
Unrealized gains (losses) recognized during the three months ended March 31, 2022 and 2021, by derivative instrument, are as follows:
THREE MONTHS ENDED MARCH 31,
DERIVATIVE INSTRUMENTS(1)
20222021
Cash Flow Hedges  
Interest Rate Swap Agreements$11,470 $4,201 
Net Investment Hedges
August 2023 Cross-Currency Swap Agreements$883 $4,751 
February 2026 Cross-Currency Swap Agreements4,413 6,254 
(1)These amounts are recognized as unrealized gains (losses), a component of Accumulated other comprehensive items, net.