Equity (Tables)

3 Months Ended

Mar. 31, 2025

Components and Activity in Accumulated Other Comprehensive (Loss) Income Net of Deferred Income Taxes

The components and activity in Accumulated other comprehensive loss (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):











	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total		Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total
Balance, beginning of period	$	(747,202)	$	5,140	$	(742,062)	$	(536,601)	$	8,075	$	(528,526)
Other comprehensive income (loss) before reclassifications	108,999		(231)		108,768		(50,237)		(21,342)		(71,579)
Amounts reclassified from accumulated other comprehensive loss	16		124		140		17		2,682		2,699
Other comprehensive income (loss), net of tax	109,015		(107)		108,908		(50,220)		(18,660)		(68,880)

Other comprehensive loss attributable to noncontrolling interests	18		—		18		201		—		201
Balance, end of period	$	(638,169)	$	5,033	$	(633,136)	$	(586,620)	$	(10,585)	$	(597,205)

(a)We previously entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. During 2024, the Company dedesignated the remaining foreign currency forward contracts accounted for as cash flow hedges. The related loss was reclassified to Other income, net during the three-month period ended March 31, 2024. The balance of the settled hedged foreign currency forward contracts will be reclassified to earnings over the life of the related assets. See Note 9, “Restructuring Charges and Asset Write-offs,” and Note 14, “Fair Value of Financial Instruments,” for additional information.

Amount of Income Tax (Expense) Benefit Allocated to Component Of Other Comprehensive Income (Loss)

The amount of income tax (expense) benefit allocated to each component of Other comprehensive income (loss) for the three-month periods ended March 31, 2025 and 2024 is provided in the following tables (in thousands):








	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive income (loss), before tax	$	109,018	$	(107)	$	108,911	$	(50,217)	$	(26,657)	$	(76,874)
Income tax (expense) benefit	(3)		—		(3)		(3)		7,997		7,994
Other comprehensive income (loss), net of tax	$	109,015	$	(107)	$	108,908	$	(50,220)	$	(18,660)	$	(68,880)