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Equity (Tables) | 3 Months Ended
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Mar. 31, 2021
Stockholders' Equity Note [Abstract] |
Schedule of share repurchase activity | The Company’s share repurchase activity is presented in the table below for the periods indicated.
| Three Months Ended |  |
| March 31, |  |
| 2021 |  | 2020 |  |  |  |
Number of shares repurchased (1) | 2,274,710 |  |  | 417,707 |  |  |  |  |
Cash paid for repurchased shares (in thousands) (2) | $ | 398,450 |  |  | $ | 73,164 |  |  |  |  |
(1) The average purchase price for repurchased shares was $180.44 and $151.22 for the three months ended March 31, 2021 and 2020, respectively. The repurchased shares during the three months ended March 31, 2021 and 2020 included purchases for both stock-based compensation awards and open market purchases. (2) The cash paid for repurchased shares during the three months ended March 31, 2021 included $8.0 million of open market purchases with trade dates in December 2020 that settled in January 2021. There were $20.0 million of open market purchases with trade dates in March 2021 that settled in April 2021. The cash paid for repurchased shares during the three months ended March 31, 2020 included open market purchases with trade dates in December 2019 that settled in January 2020.
Schedule of the changes in Accumulated Other Comprehensive (Loss) Income by component (net of tax) | The tables below provide information about the changes in AOCI/L by component and the related amounts reclassified out of AOCI/L to income during the periods indicated (net of tax, in thousands) (1). Three Months Ended March 31, 2021
| Interest Rate Swaps |  | Defined Benefit Pension Plans |  | Foreign Currency Translation Adjustments |  | Total
Balance – December 31, 2020 | $ | (78,104) |  |  | $ | (9,309) |  |  | $ | (11,815) |  |  | $ | (99,228) |
Other comprehensive income (loss) activity during the period: |  |  |  |  |  |  |
Change in AOCI/L before reclassifications to income | — |  |  | — |  |  | 677 |  |  | 677 |
Reclassifications from AOCI/L to income (2), (3) | 5,270 |  |  | 103 |  |  | — |  |  | 5,373 |
Other comprehensive income (loss) for the period | 5,270 |  |  | 103 |  |  | 677 |  |  | 6,050 |
Balance – March 31, 2021 | $ | (72,834) |  |  | $ | (9,206) |  |  | $ | (11,138) |  |  | $ | (93,178) |
Three Months Ended March 31, 2020
| Interest Rate Swaps |  | Defined Benefit Pension Plans |  | Foreign Currency Translation Adjustments |  | Total
Balance – December 31, 2019 | $ | (47,164) |  |  | $ | (8,584) |  |  | $ | (22,190) |  |  | $ | (77,938) |
Other comprehensive income (loss) activity during the period: |  |  |  |  |  |  |
Change in AOCI/L before reclassifications to income | (47,054) |  |  | — |  |  | (46,381) |  |  | (93,435) |
Reclassifications from AOCI/L to income (2), (3) | 2,322 |  |  | 79 |  |  | — |  |  | 2,401 |
Other comprehensive income (loss) for the period | (44,732) |  |  | 79 |  |  | (46,381) |  |  | (91,034) |
Balance – March 31, 2020 | $ | (91,896) |  |  | $ | (8,505) |  |  | $ | (68,571) |  |  | $ | (168,972) |
(1)Amounts in parentheses represent debits (deferred losses). (2)$7.0 million and $3.2 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended March 31, 2021 and 2020, respectively. See Note 7 — Debt and Note 10 — Derivatives and Hedging for information regarding the cash flow hedges. (3)The reclassifications related to defined benefit pension plans were recorded in Other income (expense), net.

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