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Derivative Instruments (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, were as follows:

						2025																		2024
(in thousands)						Cost of sales						Interest income, net and other finance costs						Other & foreign exchange loss, net						Cost 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						$	957,711					$	4,315					$	151					$	916,551					$	4,111					$	352
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						—						5,868						—						—						9,303						—
Cross currency swap contract
Amount of gain or (loss) reclassified from OCI to earnings						—						1,929						(49,869)						—						3,433						(4,900)
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 September 30, 2025 and 2024 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
(in thousands)						2025						2024												2025						2024
Interest rate contracts						$	364					$	(7,000)					Interest expense						$	1,952					$	3,067
Cross currency contracts						4,211						(13,285)						Interest expense						390						898
Forward contracts						—						—						FX gain (loss)						11						(19,134)
Total						$	4,575					$	(20,285)											$	2,353					$	(15,169)

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

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- References

No definition available.

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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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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