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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2021
Fair Value Disclosures [Abstract] |
Fair Value of Long-Term Debt | The carrying value of our remaining long-term debt reported in the accompanying consolidated balance sheets approximates fair value as substantially all of such debt bears interest based on prevailing variable market rates currently available in the countries in which we have borrowings.
| December 31,
| 2021 |  | 2020
| Recorded Amount |  | Fair Value |  | Recorded Amount |  | Fair Value
| (In thousands)
Long-term debt | $ | 2,405,021 |  |  | $ | 2,593,590 |  |  | $ | 3,588,157 |  |  | $ | 3,783,225 |
Schedule of Derivative Instruments in Statement of Financial Position | The following table summarizes the fair value of our foreign currency forward contracts included in the consolidated balance sheets at December 31, 2021 and 2020 (in thousands):
| Assets |  | Liabilities
| December 31, |  | December 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Designated as hedging instruments(a) | $ | 237 |  |  | $ | 7,043 |  |  | $ | 57 |  |  | $ | — |
Not designated as hedging instruments(b) | 2,901 |  |  | 6,563 |  |  | 248 |  |  | 4,803 |
Total | $ | 3,138 |  |  | $ | 13,606 |  |  | $ | 305 |  |  | $ | 4,803 |
(a) Included $0.2 million in Other current assets and $0.1 million in Accrued expenses at December 31, 2021, and $6.2 million in Other current assets and $0.9 million in Other assets at December 31, 2020. (b) Included $2.9 million in Other current assets and $0.2 million in Accrued expenses at December 31, 2021 and $6.6 million in Other current assets and $4.8 million in Accrued expenses at December 31, 2020.
Derivative Instruments, Gain (Loss) | The following table summarizes the net gains (losses) recognized for our foreign currency forward contracts during the years ended December 31, 2021, 2020 and 2019 (in thousands):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Designated as hedging instruments: |  |  |  |  |
Gain recognized in Other comprehensive income (loss) | $ | 174 |  |  | $ | 1,602 |  |  | $ | 4,847 |
Not designated as hedging instruments: |  |  |  |  |
Losses recognized in Other expenses, net(a) | $ | 1,068 |  |  | $ | (7,665) |  |  | $ | (25,765) |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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