XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivative Instruments and Hedges (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value of Forward Exchange Contracts not Designated as Hedging Instruments | The fair values of foreign exchange contracts are summarized below:
| September 30, |  | December 31,
(Amounts in thousands) | 2021 |  | 2020
Current derivative assets | $ | 2,533 |  |  | $ | 2,857 |
Noncurrent derivative assets | — |  |  | 249 |
Current derivative liabilities | 4,800 |  |  | 682 |
Noncurrent derivative liabilities | 99 |  |  | — |
Impact of Net Changes in Fair Values of Forward Exchange Contracts Not Designated as Hedging Instruments | The impact of net changes in the fair values of foreign exchange contracts are summarized below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Amounts in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
(Losses) gains recognized in income | $ | (75) |  |  | $ | (2,293) |  |  | $ | 1,718 |  |  | $ | (2,354) |
The cumulative net investment hedge loss, net of deferred taxes, under cross-currency swaps recorded in accumulated other comprehensive loss ("AOCL") on our condensed consolidated balance sheet are summarized below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Amounts in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
(Gain) loss-included component (1) | $ | (8,869) |  |  | $ | (112) |  |  | $ | (8,684) |  |  | $ | (112) |
(Gain) loss-excluded component (2) | (3,647) |  |  | 2,514 |  |  | 243 |  |  | 2,514 |
(Gain) loss recognized in AOCL | $ | (12,516) |  |  | $ | 2,402 |  |  | $ | (8,441) |  |  | $ | 2,402 |
_____________________________________________ (1) Change in the fair value of the swaps attributable to changes in spot rates. (2) Change in the fair value of the swaps due to changes other than those attributable to spot rates.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair values of our cross-currency swaps are summarized below:
| September 30, |  | December 31,
(Amounts in thousands) | 2021 |  | 2020
Other assets, net | $ | 15,513 |  |  | $ | — |
Retirement obligations and other liabilities | 4,476 |  |  | 18,091 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | Prior to the dedesignation, the cumulative impact recorded in AOCL on our condensed consolidated balance sheet from the change in carrying value due to the remeasurement of the effective portion of the net investment hedge are summarized below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Amounts in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Loss recognized in AOCL | $ | — |  |  | $ | 9,709 |  |  | $ | 29,554 |  |  | $ | 22,128 |

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 effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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 -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration