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DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following tables summarize the Company’s net investment hedges as of September 30, 2024 and December 31, 2023 (in thousands):

Net Investment Hedges						Notional Sold						Notional Purchased
Cross currency swaps						€	461,595					£	387,531
Cross currency swaps						£	546,759					$	700,000

The following table summarizes the Company’s cash flow hedges as of September 30, 2024 and December 31, 2023 (in thousands):

												September 30, 2024																		December 31, 2023
Cash Flow Hedges						Index						Notional Amount						Cap						Floor						Notional Amount						Cap						Floor(1)
Interest rate contracts - swaps						US - SOFR						$	1,500,000					—						—						$	500,000					—						—
Interest rate contracts - collars						US - SOFR						$	—					—						—						$	500,000					4.25%						3.22%

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(1)    Weighted average rate.

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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