XML 82 R54.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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 (net of deferred income taxes) consisted of the following during the years ended December 31, 2024, 2023 and 2022 (in thousands):
| Foreign Currency Translation and Other |  | Cash Flow Hedge(a) |  | Interest Rate Swap(b) |  | Total
Balance at December 31, 2021 | $ | (391,674) |  |  | $ | 6,623 |  |  | $ | (7,399) |  |  | $ | (392,450) |
Other comprehensive loss before reclassifications | (171,367) |  |  | (4,399) |  |  | — |  |  | (175,766) |
Amounts reclassified from accumulated other comprehensive loss | 72 |  |  | — |  |  | 7,399 |  |  | 7,471 |
Other comprehensive (loss) income, net of tax | (171,295) |  |  | (4,399) |  |  | 7,399 |  |  | (168,295) |
Other comprehensive loss attributable to noncontrolling interests | 83 |  |  | — |  |  | — |  |  | 83 |
Balance at December 31, 2022 | $ | (562,886) |  |  | $ | 2,224 |  |  | $ | — |  |  | $ | (560,662) |
Other comprehensive income before reclassifications | 26,337 |  |  | 5,986 |  |  | — |  |  | 32,323 |
Amounts reclassified from accumulated other comprehensive loss | 66 |  |  | (135) |  |  | — |  |  | (69) |
Other comprehensive income, net of tax | 26,403 |  |  | 5,851 |  |  | — |  |  | 32,254 |
Other comprehensive income attributable to noncontrolling interests | (118) |  |  | — |  |  | — |  |  | (118) |
Balance at December 31, 2023 | $ | (536,601) |  |  | $ | 8,075 |  |  | $ | — |  |  | $ | (528,526) |
Other comprehensive loss before reclassifications | (210,611) |  |  | (28,701) |  |  | — |  |  | (239,312) |
Amounts reclassified from accumulated other comprehensive loss | 77 |  |  | 25,766 |  |  | — |  |  | 25,843 |
Other comprehensive loss, net of tax | (210,534) |  |  | (2,935) |  |  | — |  |  | (213,469) |
Other comprehensive income attributable to noncontrolling interests | (67) |  |  | — |  |  | — |  |  | (67) |
Balance at December 31, 2024 | $ | (747,202) |  |  | $ | 5,140 |  |  | $ | — |  |  | $ | (742,062) |
(a) We previously entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. During the year ended December 31, 2024, the Company dedesignated the remaining foreign currency forward contracts accounted for as cash flow hedges. The related loss was reclassified to Other income, net during the year ended December 31, 2024. The balance of the settled hedged foreign currency forward contracts will be reclassified to earnings over the life of the related assets. See Note 17, “Restructuring Charges and Asset Write-offs,” and Note 22, “Fair Value of Financial Instruments,” for additional information. (b) The pre-tax portion of the amount reclassified from accumulated other comprehensive loss is included in interest expense. The balance of this interest rate swap was being amortized to Interest and financing expenses over the life of the 4.15% senior notes originally due in 2024. As discussed in Note 12, “Long-term Debt,” the Company repaid these notes in the second quarter of 2022, and as a result, reclassified the remaining balance of this interest rate swap to interest expense during the same period as part of the early extinguishment of debt.
Amount of Income Tax (Expense) Benefit Allocated to Component of Other Comprehensive (Loss) Income | The amount of income tax (expense) benefit allocated to each component of Other comprehensive (loss) income for the years ended December 31, 2024, 2023 and 2022 is provided in the following tables (in thousands):
| Foreign Currency Translation and Other |  | Cash Flow Hedge |  | Interest Rate Swap |  | Total
2024 |  |  |  |  |  |  |
Other comprehensive loss, before tax | $ | (210,522) |  |  | $ | (2,935) |  |  | $ | — |  |  | $ | (213,457) |
Income tax expense | (12) |  |  | — |  |  | — |  |  | (12) |
Other comprehensive loss, net of tax | $ | (210,534) |  |  | $ | (2,935) |  |  | $ | — |  |  | $ | (213,469) |
2023 |  |  |  |  |  |  |
Other comprehensive income, before tax | $ | 23,964 |  |  | $ | 8,358 |  |  | $ | — |  |  | $ | 32,322 |
Income tax benefit (expense) | 2,439 |  |  | (2,507) |  |  | — |  |  | (68) |
Other comprehensive income, net of tax | $ | 26,403 |  |  | $ | 5,851 |  |  | $ | — |  |  | $ | 32,254 |
2022 |  |  |  |  |  |  |
Other comprehensive (loss) income, before tax | $ | (168,953) |  |  | $ | (4,399) |  |  | $ | 9,739 |  |  | $ | (163,613) |
Income tax expense | (2,342) |  |  | — |  |  | (2,340) |  |  | (4,682) |
Other comprehensive (loss) income, net of tax | $ | (171,295) |  |  | $ | (4,399) |  |  | $ | 7,399 |  |  | $ | (168,295) |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration