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Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair values of our assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 are shown in the below table.

			March 31, 2024						December 31, 2023
Assets
Cash equivalents (Level 1)			$	144,804					$	138,749
Foreign currency forward contracts (Level 2)			33,997						28,871
Commodity forward contracts (Level 2)			2,113						1,457
Total			$	180,914					$	169,077
Liabilities
Foreign currency forward contracts (Level 2)			$	2,462					$	8,996
Commodity forward contracts (Level 2)			248						795
Total			$	2,710					$	9,791

Schedule of Information about Carrying Values and Fair Values of Financial Instruments not Recorded at Fair Value

The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023. All fair value measures presented are categorized in Level 2 of the fair value hierarchy.

			March 31, 2024												December 31, 2023
			Carrying Value(1)						Fair Value						Carrying Value(1)						Fair Value
Liabilities
5.0% Senior Notes			$	700,000					$	689,500					$	700,000					$	694,750
4.375% Senior Notes			$	450,000					$	407,250					$	450,000					$	415,125
3.75% Senior Notes			$	750,000					$	645,000					$	750,000					$	656,250
4.0% Senior Notes			$	1,000,000					$	910,000					$	1,000,000					$	920,000
5.875% Senior Notes			$	500,000					$	488,750					$	500,000					$	495,000

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(1)    Excluding any related debt discounts, premiums, and deferred financing costs.

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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