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Accumulated Other Comprehensive (Loss) Income (Tables) | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Components and Activity in Accumulated Other Comprehensive (Loss) Income Net of Deferred Income Taxes | The components and activity in Accumulated other comprehensive (loss) income (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):
| Foreign Currency Translation and Other |  |  |  | Net Investment Hedge(a) |  | Cash Flow Hedge(b) |  | Interest Rate Swap(c) |  |  |  | Total
Three months ended March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | (369,152) |  |  |  |  | $ | 46,593 |  |  | $ | 6,449 |  |  | $ | (10,022) |  |  |  |  | $ | (326,132) |
Other comprehensive (loss) income before reclassifications | (28,167) |  |  |  |  | 5,110 |  |  | (1,600) |  |  | — |  |  |  |  | (24,657) |
Amounts reclassified from accumulated other comprehensive loss | 25 |  |  |  |  | — |  |  | — |  |  | 650 |  |  |  |  | 675 |
Other comprehensive income (loss), net of tax | (28,142) |  |  |  |  | 5,110 |  |  | (1,600) |  |  | 650 |  |  |  |  | (23,982) |
Amounts reclassified within accumulated other comprehensive loss | 51,703 |  |  |  |  | (51,703) |  |  | — |  |  | — |  |  |  |  | — |
Other comprehensive income attributable to noncontrolling interests | — |  |  |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Balance at March 31, 2021 | $ | (345,591) |  |  |  |  | $ | — |  |  | $ | 4,849 |  |  | $ | (9,372) |  |  |  |  | $ | (350,114) |
Three months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2019 | $ | (468,737) |  |  |  |  | $ | 80,778 |  |  | $ | 4,847 |  |  | $ | (12,623) |  |  |  |  | $ | (395,735) |
Other comprehensive (loss) income before reclassifications | (81,986) |  |  |  |  | 2,081 |  |  | (51,460) |  |  | — |  |  |  |  | (131,365) |
Amounts reclassified from accumulated other comprehensive loss | 9 |  |  |  |  | — |  |  | — |  |  | 648 |  |  |  |  | 657 |
Other comprehensive (loss) income, net of tax | (81,977) |  |  |  |  | 2,081 |  |  | (51,460) |  |  | 648 |  |  |  |  | (130,708) |
Other comprehensive loss attributable to noncontrolling interests | (46) |  |  |  |  | — |  |  | — |  |  | — |  |  |  |  | (46) |
Balance at March 31, 2020 | $ | (550,760) |  |  |  |  | $ | 82,859 |  |  | $ | (46,613) |  |  | $ | (11,975) |  |  |  |  | $ | (526,489) |
(a)During the first quarter of 2021 the net investment hedge was discontinued following the repayment of the 1.875% Euro-denominated senior notes. The balance of foreign exchange revaluation gains and losses associated with this discontinued net investment hedge have been reclassified to Foreign currency translation and other, and will remain within accumulated other comprehensive loss until the hedged net investment is sold or liquidated. (b)We entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 13, “Fair Value of Financial Instruments,” for additional information. (c)The pre-tax portion of amounts reclassified from accumulated other comprehensive loss is included in interest expense.
Amount of Income Tax (Expense) Benefit Allocated to Component Of Other Comprehensive Income (Loss) | The amount of income tax (expense) benefit allocated to each component of Other comprehensive (loss) income for the three-month periods ended March 31, 2021 and 2020 is provided in the following tables (in thousands):
| Foreign Currency Translation and Other |  |  |  | Net Investment Hedge |  | Cash Flow Hedge |  | Interest Rate Swap
Three months ended March 31, 2021 |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income, before tax | $ | (28,138) |  |  |  |  | $ | 6,552 |  |  | $ | (1,600) |  |  | $ | 834 |
Income tax (expense) benefit | (4) |  |  |  |  | (1,442) |  |  | — |  |  | (184) |
Other comprehensive (loss) income, net of tax | $ | (28,142) |  |  |  |  | $ | 5,110 |  |  | $ | (1,600) |  |  | $ | 650 |
Three months ended March 31, 2020 |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income, before tax | $ | (81,980) |  |  |  |  | $ | 2,675 |  |  | $ | (51,460) |  |  | $ | 834 |
Income tax benefit (expense) | 3 |  |  |  |  | (594) |  |  | — |  |  | (186) |
Other comprehensive (loss) income, net of tax | $ | (81,977) |  |  |  |  | $ | 2,081 |  |  | $ | (51,460) |  |  | $ | 648 |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580 + Details
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