XML 80 R40.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | e effects of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods ended December 31, were as follows:
| 2023 |  | 2022
(in thousands) | Cost of sales | Interest expense, net | Other & foreign exchange loss, net |  | Cost of sales | Interest expense, net | Other & foreign exchange loss, net
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 | $ | 1,170,048 |  | $ | 3,391 |  | $ | (1,993) |  |  | $ | 1,174,794 |  | $ | (7,594) |  | $ | (3,408) |
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 | — |  | 15,722 |  | — |  |  | — |  | (1,012) |  | — |
|  | Cross currency swap contract |  |  |  |  |  |  |
|  |  | Amount of gain or (loss) reclassified from OCI to earnings | — |  | 5,170 |  | (12,704) |  |  | — |  | 5,650 |  | 14,349 |
|  | Forward contract |  |  |  |  |  |  |
|  |  | Amount of gain or (loss) reclassified from OCI to earnings | (155) |  | — |  | — |  |  | 122 |  | — |  | — |
The effects of derivative instruments on the consolidated statements of operations for the twelve months ended December 31, 2023 and December 31, 2022 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
| 2023 | 2022 |  |  | 2023 | 2022
Interest rate contracts | $ | 4,668 |  | $ | 26,830 |  |  | Interest expense | $ | 15,722 |  | $ | (1,012) |
Cross currency contracts | (14,737) |  | 26,174 |  |  | Interest expense | 5,170 |  | 5,650 |
Forward contracts | (124) |  | 231 |  |  | FX gain (loss) | (12,704) |  | 14,349 |
|  |  |  | Cost of goods sold | (155) |  | — |
Total | $ | (10,193) |  | $ | 53,235 |  |  |  | $ | 8,033 |  | $ | 18,987 |

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

X
- 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration