v3.26.1
Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Long-Term Debt The carrying value of our remaining long-term debt reported in the accompanying consolidated balance sheets approximates fair value as substantially all of such debt bears interest based on prevailing variable market rates currently available in the countries in which we have borrowings.
March 31, 2026December 31, 2025
Recorded
Amount		Fair ValueRecorded
Amount		Fair Value
(In thousands)
Long-term debt$1,888,986 $1,818,749 $3,207,210 $3,112,590 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value of our derivative financial instruments included in the consolidated balance sheets as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
AssetsLiabilitiesAssetsLiabilities
Not designated as hedging instruments
Other current assets$— $— $2,163 $— 
Accrued expenses— 7,888 — 4,781 
Total not designated as hedging instruments$— $7,888 $2,163 $4,781 
Derivative Instruments, Losses
The following table summarizes the net (losses) gains recognized for our derivative financial instruments during the three-month periods ended March 31, 2026 and 2025 (in thousands):
Three Months Ended
March 31,
20262025
Not designated as hedging instruments
(Loss) gain recognized in Other income, net(a)
$(15,784)$52,078 
(a)    Fluctuations in the value of our foreign currency forward contracts not designated as hedging instruments are generally expected to be offset by changes in the value of the underlying exposures being hedged, which are also reported in Other income, net.