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Derivative instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments, fair value
The following table presents the fair values of derivative instruments included in the consolidated balance sheets as of December 31, 2023 and 2022:
AssetsLiabilities
Type of DerivativeBalance Sheets Location20232022Balance Sheets Location20232022
Derivatives designated as hedging instruments
Cash Flow hedge
Forward contractsOther receivables$119 $268 Accrued payroll and other liabilities$(1,536)$(1,147)
Call spread + Coupon-only swapDerivative instruments2,823 — — Derivative instruments(185)— 
Sustainability linked ESG Principal Only SwapDerivative instruments18,466 — $— Derivative instruments(261)— 
Cross-currency interest rate swap Derivative instruments19,337 43,757 Derivative instruments(2,398)(581)
Subtotal$40,745 $44,025 $(4,380)$(1,728)
Derivatives not designated as hedging instruments
Cross-currency interest rate swapDerivative instruments$— $38,031 Derivative instruments$— $(1,224)
Call Spread + Coupon-only swapDerivative instruments3,761 6,445 Derivative instruments(12,578)(16,703)
Call spreadDerivative instruments2,099 3,626 Derivative instruments— — 
Coupon-only swapDerivative instruments— — Derivative instruments(7,336)(9,874)
Sustainability-linked ESG Principal Only Swap Derivative instruments— 1,050 Derivative instruments— — 
Subtotal$5,860 $49,152 $(19,914)$(27,801)
Total derivative instruments$46,605 $93,177 $(24,294)$(29,529)
Schedule of derivative instruments
The following table presents the notional amounts of the Company’s outstanding derivative instruments classified as cash flow hedge:
Notional amount as of December 31,
20232022
Forward contracts$44,412 $34,843 
Call Spread + Coupon-only swap24,000 — 
Sustainability-linked ESG Principal Only50,000 — 
Cross-currency interest rate swap80,000 100,000 
The following table presents the notional amounts of the Company’s outstanding derivative instruments not designed as hedging instruments:

Notional amount as of December 31,
20232022
Cross-currency interest rate swap$— $115,439 
Call Spread + Coupon-only swap50,000 50,000 
Call Spread30,000 30,000 
Coupon-only swap30,000 30,000 
Sustainability-linked ESG Principal Only Swap— 50,000 
Schedule of cash flow hedges included in accumulated other comprehensive income (loss)
The following table presents the pretax amounts affecting income and other comprehensive income (loss) for the fiscal years ended December 31, 2023, 2022 and 2021 for each type of derivative relationship: 
Derivatives in Cash Flow
Hedging Relationships		(Loss) Gain Recognized in Accumulated OCI on Derivative
 Loss (Gain) Reclassified from Accumulated OCI into income (loss)
202320222021202320222021
Forward contracts (i)$(6,710)$(1,225)$1,366 $6,172 $(263)$507 
Cross-currency interest rate swaps (ii)(14,730)(31,174)23,802 10,913 8,727 (8,564)
Call Spread (iii)30 — (2,593)2,385 3,275 1,915 
Coupon-only swap (iii)(263)— 1,093 (1,752)(964)(797)
Sustainability linked ESG Principal Only Swap (ii)
(1,224)— — 2,014 — — 
Total$(22,897)$(32,399)$23,668 $19,732 $10,775 $(6,939)

(i)The results recognized in income related to forward contracts were recorded as an adjustment to food and paper.
(ii)The net (loss) gain recognized in income is presented as follows:
Adjustment to:202320222021
Net interest expense and other financing results(1,933)(4,639)(3,828)
(Loss) gain from derivative instruments (a)
(6)5,907 — 
Foreign currency exchange results(10,988)(9,995)12,392 
Total$(12,927)$(8,727)$8,564 

(a) Related to the discontinued relationships of Cross-currency interest rate swaps during July 2023 and September 2022.

(iii)    The results recognized in income related to Call Spread agreements were recorded as an adjustment to “Foreign currency exchange results”. The results recognized in income related to Coupon-only agreements were recorded as an adjustment to “Net interest expense and other financing results”.