XML 48 R36.htm IDEA: XBRL DOCUMENT
v3.23.3

Fair Value Measurement (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2023 and December 31, 2022:
(In thousands) |  | Level I |  | Level II |  | Level III |  | Total
At September 30, 2023: |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 89,539 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,539 |
Foreign currency derivatives |  | — |  |  | 6,070 |  |  | — |  |  | 6,070 |
Liabilities |  |  |  |  |  |  |  |
Foreign currency derivatives |  | — |  |  | 3,613 |  |  | — |  |  | 3,613 |
At December 31, 2022: |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 80,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 80,000 |
Foreign currency derivatives |  | — |  |  | 536 |  |  | — |  |  | 536 |
Liabilities |  |  |  |  |  |  |  |
Foreign currency derivatives |  | — |  |  | 8,965 |  |  | — |  |  | 8,965 |
Schedule of Carrying Values and Fair Values of the Company's Financial Instruments | The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:
(In thousands) | September 30, 2023
Carrying Amount |  | Estimated Fair Value
Debt instruments: |  |  |
Term loan A facility | $ | 610,362 |  |  | $ | 585,141 |
5.00% Notes due April 2024 | 399,463 |  |  | 393,000 |
4.75% Notes due August 2025 | 795,796 |  |  | 738,000 |
4.25% Notes due February 2029 | 987,658 |  |  | 616,250 |
| $ | 2,793,279 |  |  | $ | 2,332,391 |
(In thousands) | December 31, 2022
Carrying Amount |  | Estimated Fair Value
Debt instruments: |  |  |
Term loan A facility | $ | 633,486 |  |  | $ | 615,600 |
5.00% Notes due April 2024 | 398,687 |  |  | 375,348 |
4.75% Notes due August 2025 | 794,171 |  |  | 607,000 |
4.25% Notes due February 2029 | 986,109 |  |  | 620,818 |
| $ | 2,812,453 |  |  | $ | 2,218,766 |

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 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration