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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss)
The effects of cash flow hedge accounting on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, were as follows:
20252024
(in thousands)Cost of sales
Interest income, net and other finance costs
Other & foreign exchange loss, netCost of sales
Interest income, net and other finance costs
Other & foreign exchange loss, net
Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded$623,460 $1,998 $(626)$604,456 $2,443 $381 
The effects of cash flow hedging
Gain or (loss) on cash flow hedging relationships
Interest contracts:
Amount of gain or (loss) reclassified from OCI to earnings— 3,917 — — 6,236 — 
Cross currency swap contract
Amount of gain or (loss) reclassified from OCI to earnings— 1,539 (49,880)— 2,535 14,484 
Forward contract
Amount of gain reclassified from OCI to earnings— — — (188)— — 

The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the three months ended June 30, 2025 and 2024 were as follows:

Cash Flow Hedging RelationshipsGain (Loss) Recognized in OCILocation of Gain (Loss) Reclassified from OCI into EarningsGain (Loss) Reclassified from OCI into Earnings
(in thousands)2025202420252024
Interest rate contracts$(337)$2,367 Interest expense$1,952 $3,089 
Cross currency contracts(35,427)5,358 Interest expense411 1,295 
Forward contracts— — FX gain (loss)(33,982)4,344 
Cost of goods sold— — 
Total$(35,764)$7,725 $(31,619)$8,728 
The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, 2025 and 2024 were as follows: