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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The fair values of derivative instruments recognized in our Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023, by derivative instrument, are as follows:
JUNE 30, 2024
DECEMBER 31, 2023
DERIVATIVE INSTRUMENTS(1)
AssetsLiabilitiesAssetsLiabilities
Cash Flow Hedges(2)
  
Interest rate swap agreements$11,898 $(2,670)$1,601 $(3,273)
Net Investment Hedges(3)
Cross-currency swap agreements13,709 — 4,758 (2,496)
(1)Our derivative assets are included as a component of (i) Prepaid expenses and other or (ii) Other within Other assets, net 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 June 30, 2024, $2,074 is included within Prepaid expenses and other, $23,533 is included within Other assets and $2,670 is included within Other long-term liabilities. As of December 31, 2023, $6,359 is included within Other assets, $2,496 is included within Accrued expenses and other current liabilities and $3,273 is included within Other long-term liabilities.
(2)As of June 30, 2024, cumulative net gains recorded within Accumulated other comprehensive items, net associated with our interest rate swap agreements are $10,844.
(3)As of June 30, 2024, cumulative net gains recorded within Accumulated other comprehensive items, net associated with our cross-currency swap agreements are $52,259, which include $38,550 related to the excluded component of our cross-currency swap agreements.
Schedule of Gains (Losses) for Derivative Instruments
Unrealized (losses) gains recognized in Accumulated other comprehensive items, net during the three and six months ended June 30, 2024 and 2023, by derivative instrument, are as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
DERIVATIVE INSTRUMENTS2024202320242023
Cash Flow Hedges 
Interest rate swap agreements$(488)$7,896 $10,900 $4,454 
Net Investment Hedges
Cross-currency swap agreements3,135 (12,704)11,447 (21,507)
Cross-currency swap agreements (excluded component)4,177 5,8178,353 11,651 
(Losses) gains recognized in Net income (loss) during the three and six months ended June 30, 2024 and 2023, by derivative instrument, are as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
DERIVATIVE INSTRUMENTSLocation of gain (loss)2024202320242023
Cash Flow Hedges
Interest rate swap agreementsInterest expense$— $2,527 $2,528 $2,527 
Net Investment Hedges
Cross-currency swap agreements (excluded component)Interest expense(4,177)(5,817)(8,353)(11,651)