Derivative financial instruments (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Derivative Instruments |
The following tables present notional amounts and fair values of derivatives outstanding as of December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, | | 2025 | | 2024 | | Notional
amount (a) | | Fair value | | Notional
amount (a) | | Fair value | Derivative assets not designated as accounting cash flow hedges: | | | | | | | | | | | | | | | | | Interest rate contracts | $ | 500,000 | | | $ | 3,471 | | | $ | 852,500 | | | $ | 11,216 | | Derivative assets designated as accounting cash flow hedges: | | | | | | | | | Interest rate contracts | $ | 1,705,000 | | | $ | 8,776 | | | $ | 4,475,000 | | | $ | 70,554 | | | Total derivative assets | | | $ | 12,247 | | | | | $ | 81,770 | |
(a)The notional amount is excluded for interest rate contracts which are not yet effective. | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, | | 2025 | | 2024 | | Notional
amount (a) | | Fair value | | Notional
amount (a) | | Fair value | Derivative liabilities not designated as accounting cash flow hedges: | | | | | | | | | Interest rate contracts | $ | 200,000 | | | $ | 3,327 | | | $ | — | | | $ | — | | Derivative liabilities designated as accounting cash flow hedges: | | | | | | | | | Interest rate contracts | $ | 4,905,000 | | | $ | 69,400 | | | $ | 1,655,000 | | | $ | 15,440 | | | Total derivative liabilities | | | $ | 72,727 | | | | | $ | 15,440 | |
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| Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) |
We recorded the following in other comprehensive gain or loss related to derivative financial instruments for the years ended December 31, 2025, 2024 and 2023: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | | | | | | Effective portion of change in fair market value of derivatives designated as accounting cash flow hedges: | | | | | | | Interest rate contracts | $ | (122,460) | | | $ | 27,040 | | | $ | (123,587) | | | Derivative premium and amortization | 8,439 | | | 10,445 | | | 9,579 | | | Income tax effect | 15,438 | | | (5,420) | | | 14,425 | | | Net (loss) gain on derivatives, net of tax | $ | (98,583) | | | $ | 32,065 | | | $ | (99,583) | |
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| Schedule of Derivative Instruments, Gain (Loss) |
The following table presents the effect of gains or losses related to derivatives recorded in interest expense in our Consolidated Income Statements for the years ended December 31, 2025, 2024 and 2023. | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | | | | | | | Derivatives not designated as accounting hedges: | | | | | | | Interest rate contracts | $ | (25,489) | | | $ | (34,319) | | | $ | (36,721) | | | Derivatives designated as accounting hedges: | | | | | | | Reclassification of amounts previously recorded within AOCI to interest expense | 45,532 | | | 109,373 | | | 97,788 | | | Net gain recognized in interest expense | $ | 20,043 | | | $ | 75,054 | | | $ | 61,067 | |
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