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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional values of cross-currency interest rate swaps
The notional values of our cross-currency interest rate swaps, by currency, as of December 31, 2024 and 2023 are as follows:
 YEAR ENDED DECEMBER 31,
 20242023
Euro$509,187 $509,187 
Canadian dollar350,000 — 

$859,187 $509,187 
Schedule of derivative instruments
The fair value of derivative instruments recognized in our Consolidated Balance Sheets as of December 31, 2024 and 2023, by derivative instrument, are as follows:
DERIVATIVE INSTRUMENTS(1)
DECEMBER 31, 2024DECEMBER 31, 2023
AssetsLiabilitiesAssetsLiabilities
Cash Flow Hedges(2)
  
Interest rate swap agreements$1,887 $(5,326)$1,601 $(3,273)
Net Investment Hedges(3)
Cross-currency swap agreements26,205 — 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 Consolidated Balance Sheets. As of December 31, 2024, $8,891 is include within Prepaid expenses and other, $19,201 is included within Other assets, and $5,326 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 liabilities, and $3,273 is included within Other long-term liabilities.
(2)As of December 31, 2024, cumulative net gains recorded within Accumulated other comprehensive items, net associated with our interest rate swap agreements are $1,823.
(3)As of December 31, 2024, cumulative net gains recorded within Accumulated other comprehensive items, net associated with our cross-currency swap agreements are $73,107, which include $46,902 related to the excluded component of our cross-currency swap agreements.
Schedule of gains (losses) for derivative instruments
Unrealized (losses) gains recognized in Accumulated other comprehensive items, net during the years ending December 31, 2024, 2023 and 2022, by derivative instrument, are as follows:
YEAR ENDED DECEMBER 31,
DERIVATIVE INSTRUMENTS202420232022
Cash Flow Hedges
Interest rate swap agreements$(1,767)$(2,454)$20,186 
Net Investment Hedges
Cross-currency swap agreements23,943 (41,382)28,044 
Cross-currency swap agreements (excluded component)16,705 21,097 9,100 
Gains (losses) recognized in Net income during the years ending December 31, 2024, 2023 and 2022, by derivative instrument, are as follows:
YEAR ENDED DECEMBER 31,
DERIVATIVE INSTRUMENTSLocation of gain (loss)202420232022
Cash Flow Hedges
Interest rate swap agreementsInterest expense$2,528 $7,580 $— 
Net Investment Hedges
Cross-currency swap agreements (excluded component)Interest expense(16,705)(21,097)(9,100)