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Equity (Tables) | 6 Months Ended
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Jun. 30, 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 |  | Six Months Ended
| June 30, |  | June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Number of shares repurchased (1) | 3,094,706 |  |  | 5,999 |  |  | 5,369,416 |  | 423,706
Cash paid for repurchased shares (in thousands) (2) | $ | 684,900 |  |  | $ | 698 |  |  | $ | 1,083,350 |  |  | $ | 73,862 |
(1) The average purchase price for repurchased shares was $218.33 and $116.29 for the three months ended June 30, 2021 and 2020, respectively, and $202.28 and $150.72 for the six months ended June 30, 2021 and 2020, respectively. The repurchased shares during the three months ended June 30, 2021 included purchases for both stock-based compensation award settlements and open market purchases. All of the shares repurchased during the three months ended June 30, 2020 related to the settlement of the Company's stock-based compensation awards. The repurchased shares during the six months ended June 30, 2021 and 2020 included purchases for both stock-based compensation award settlements and open market purchases. (2) The cash paid for repurchased shares during the six months ended June 30, 2021 included $8.0 million of open market purchases with trade dates in December 2020 that settled in January 2021. There were $10.8 million of open market purchases with trade dates in June 2021 that settled in July 2021. The cash paid for repurchased shares during the six months ended June 30, 2020 included $10.0 million of 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 AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1). Three Months Ended June 30, 2021
| Interest Rate Swaps |  | Defined Benefit Pension Plans |  | Foreign Currency Translation Adjustments |  | Total
Balance – March 31, 2021 | $ | (72,834) |  |  | $ | (9,206) |  |  | $ | (11,138) |  |  | $ | (93,178) |
Other comprehensive income activity during the period: |  |  |  |  |  |  |
Change in AOCL before reclassifications to income | — |  |  | — |  |  | 4,639 |  |  | 4,639 |
Reclassifications from AOCL to income (2), (3) | 5,457 |  |  | 104 |  |  | — |  |  | 5,561 |
Other comprehensive income for the period | 5,457 |  |  | 104 |  |  | 4,639 |  |  | 10,200 |
Balance – June 30, 2021 | $ | (67,377) |  |  | $ | (9,102) |  |  | $ | (6,499) |  |  | $ | (82,978) |
Three Months Ended June 30, 2020
| Interest Rate Swaps |  | Defined Benefit Pension Plans |  | Foreign Currency Translation Adjustments |  | Total
Balance – March 31, 2020 | $ | (91,896) |  |  | $ | (8,505) |  |  | $ | (68,571) |  |  | $ | (168,972) |
Other comprehensive income (loss) activity during the period: |  |  |  |  |  |  |
Change in AOCL before reclassifications to income | (9,935) |  |  | — |  |  | 23,817 |  |  | 13,882 |
Reclassifications from AOCL to income (2), (3) | 12,835 |  |  | 80 |  |  | — |  |  | 12,915 |
Other comprehensive income for the period | 2,900 |  |  | 80 |  |  | 23,817 |  |  | 26,797 |
Balance – June 30, 2020 | $ | (88,996) |  |  | $ | (8,425) |  |  | $ | (44,754) |  |  | $ | (142,175) |
Six Months Ended June 30, 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 activity during the period: |  |  |  |  |  |  |
Change in AOCL before reclassifications to income | — |  |  | — |  |  | 5,316 |  |  | 5,316 |
Reclassifications from AOCL to income (2), (3) | 10,727 |  |  | 207 |  |  | — |  |  | 10,934 |
Other comprehensive income for the period | 10,727 |  |  | 207 |  |  | 5,316 |  |  | 16,250 |
Balance – June 30, 2021 | $ | (67,377) |  |  | $ | (9,102) |  |  | $ | (6,499) |  |  | $ | (82,978) |
Six Months Ended June 30, 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 (loss) income activity during the period: |  |  |  |  |  |  |
Change in AOCL before reclassifications to income | (56,989) |  |  | — |  |  | (22,564) |  |  | (79,553) |
Reclassifications from AOCL to income (2), (3) | 15,157 |  |  | 159 |  |  | — |  |  | 15,316 |
Other comprehensive (loss) income for the period | (41,832) |  |  | 159 |  |  | (22,564) |  |  | (64,237) |
Balance – June 30, 2020 | $ | (88,996) |  |  | $ | (8,425) |  |  | $ | (44,754) |  |  | $ | (142,175) |
(1)Amounts in parentheses represent debits (deferred losses). (2)$7.3 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for both of the three months ended June 30, 2021 and 2020. $14.3 million and $10.5 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the six months ended June 30, 2021 and 2020, respectively. $10.3 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Other (expense) income, net for both the three and six months ended June 30, 2020. See Note 8 — Debt and Note 11 — Derivatives and Hedging for information regarding the cash flow hedges.(3)The reclassifications related to defined benefit pension plans were recorded in Other (expense) income, net.

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