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Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The effects of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods ended December 31, were as follows:
| 2022 |  | 2021
(in thousands) | Cost of sales | Interest expense, net | Other & foreign exchange loss, net |  | Cost of sales
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded | $ | 1,174,794 |  | $ | (7,594) |  | $ | (3,408) |  |  | $ | 818,187 |
The effects of fair value and cash flow hedging |  |  |  |  |
| Gain or (loss) on cash flow hedging relationships |  |  |  |  |
|  | Interest contracts: |  |  |  |  |
|  |  | Amount of gain or (loss) reclassified from OCI to earnings |  | (1,012) |  |  |  |
|  | Cross currency swap contract |  |  |  |  |
|  |  | Amount of gain or (loss) reclassified from OCI to earnings |  | 5,650 |  | 14,349 |  |  |
|  | Forward contract |  |  |  |  |
|  |  | Amount of gain or (loss) reclassified from OCI to earnings | 122 |  |  |  |  | 472 |
The effects of derivative instruments on the consolidated statements of operations for the twelve months ended December 31, 2022 and December 31, 2021 were as follows:
Cash Flow Hedging Relationships | Gain (Loss) Recognized in OCI |  | Location of Gain (Loss) Reclassified from OCI into Earnings | Gain (Loss) Reclassified from OCI into Earnings
| 2022 | 2021 |  |  | 2022 | 2021
Interest rate contracts | $ | 26,830 |  | $ | — |  |  | Interest expense | $ | (1,012) |  | $ | — |
Cross currency contracts | 26,174 |  | — |  |  | Interest expense | 5,650 |  | — |
|  |  |  | FX gain (loss) | 14,349 |  | — |
Forward contracts | 231 |  | 163 |  |  | Cost of goods sold | — |  | 472 |
Total | $ | 53,235 |  | $ | 163 |  |  |  | $ | 18,987 |  | $ | 472 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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