| Schedule of Changes in Accumulated Other Comprehensive Income (Loss) |
The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of March 31, 2026 | $ | (274,555) | | | $ | (75,753) | | | $ | 127,554 | | | $ | (2,396) | | | $ | — | | | $ | (9,881) | | | $ | (235,031) | | Other comprehensive income (loss) before reclassifications | (7,278) | | | 14,083 | | | 120,138 | | | (5,261) | | | — | | | (29,821) | | | 91,861 | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | 48,521 | | | 11,384 | | | — | | | (13,852) | | | 46,053 | | | Net change in accumulated other comprehensive income (loss) | (7,278) | | | 14,083 | | | 168,659 | | | 6,123 | | | — | | | (43,673) | | | 137,914 | | | Balances as of June 30, 2026 | $ | (281,833) | | | $ | (61,670) | | | $ | 296,213 | | | $ | 3,727 | | | $ | — | | | $ | (53,554) | | | $ | (97,117) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of December 31, 2025 | $ | (193,615) | | | $ | (112,256) | | | $ | (389,289) | | | $ | (3,565) | | | $ | — | | | $ | 118,343 | | | $ | (580,382) | | Other comprehensive income (loss) before reclassifications | (88,218) | | | 50,586 | | | 505,368 | | | (17,355) | | | — | | | (124,544) | | | 325,837 | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | 180,134 | | | 24,647 | | | — | | | (47,353) | | | 157,428 | | | Net change in accumulated other comprehensive income (loss) | (88,218) | | | 50,586 | | | 685,502 | | | 7,292 | | | — | | | (171,897) | | | 483,265 | | | Balances as of June 30, 2026 | $ | (281,833) | | | $ | (61,670) | | | $ | 296,213 | | | $ | 3,727 | | | $ | — | | | $ | (53,554) | | | $ | (97,117) | |
The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of March 31, 2025 | $ | (285,557) | | | $ | (12,200) | | | $ | 264,945 | | | $ | 5,771 | | | $ | 907 | | | $ | (59,601) | | | $ | (85,735) | | Other comprehensive income (loss) before reclassifications | 169,299 | | | (93,400) | | | (1,222,145) | | | (18,099) | | | (907) | | | 306,378 | | | (858,874) | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | 37,041 | | | 14,802 | | | — | | | (11,902) | | | 39,941 | | | Net change in accumulated other comprehensive income (loss) | 169,299 | | | (93,400) | | | (1,185,104) | | | (3,297) | | | (907) | | | 294,476 | | | (818,933) | | | Balances as of June 30, 2025 | $ | (116,258) | | | $ | (105,600) | | | $ | (920,159) | | | $ | 2,474 | | | $ | — | | | $ | 234,875 | | | $ | (904,668) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation
Adjustments | | Net Investment Hedge Gains (Losses) | | Change in Unrealized Gains (Losses) on Cash Flow Hedges | | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | | Change in Unrealized Gains (Losses)
on AFS Securities | | Tax (Expense) Benefit | | Total | | (in thousands) | | Balances as of December 31, 2024 | $ | (376,833) | | | $ | 32,400 | | | $ | 914,369 | | | $ | 9,233 | | | $ | 3,260 | | | $ | (220,267) | | | $ | 362,162 | | Other comprehensive income (loss) before reclassifications | 260,575 | | | (138,000) | | | (1,709,112) | | | (36,130) | | | (3,139) | | | 433,065 | | | (1,192,741) | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | (125,416) | | | 29,371 | | | (121) | | | 22,077 | | | (74,089) | | | Net change in accumulated other comprehensive income (loss) | 260,575 | | | (138,000) | | | (1,834,528) | | | (6,759) | | | (3,260) | | | 455,142 | | | (1,266,830) | | | Balances as of June 30, 2025 | $ | (116,258) | | | $ | (105,600) | | | $ | (920,159) | | | $ | 2,474 | | | $ | — | | | $ | 234,875 | | | $ | (904,668) | |
The following tables summarize the amounts reclassified from AOCI to the Consolidated Statements of Operations for the three and six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | June 30, 2026 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | (47,630) | | | (891) | | | — | | | 11,220 | | | (37,301) | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (11,384) | | | 2,632 | | | (8,752) | | | | | | | Total | $ | (47,630) | | | $ | (891) | | | $ | (11,384) | | | $ | 13,852 | | | $ | (46,053) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | | | June 30, 2026 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | (180,147) | | | 13 | | | — | | | 41,654 | | | (138,480) | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (24,647) | | | 5,699 | | | (18,948) | | | | | | | Total | $ | (180,147) | | | $ | 13 | | | $ | (24,647) | | | $ | 47,353 | | | $ | (157,428) | | | | | |
The following tables summarize the amounts reclassified from AOCI to the Consolidated Statements of Operations for the three and six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | June 30, 2025 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | (37,385) | | | 344 | | | — | | | 8,504 | | | (28,537) | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (14,802) | | | 3,398 | | | (11,404) | | | | | | | Total | $ | (37,385) | | | $ | 344 | | | $ | (14,802) | | | $ | 11,902 | | | $ | (39,941) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | | | June 30, 2025 | | | | | | Revenues | | Cost of Revenues | | Interest and Other Income (Expense) | | Provision for Income Taxes | | Total Reclassifications | | | | | | (in thousands) | | Gains (losses) on available-for-sale securities | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | $ | — | | | $ | — | | | $ | 121 | | | $ | (28) | | | $ | 93 | | | | | | | Gains (losses) on derivatives in cash flow hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount of gains (losses) reclassified from AOCI | 127,411 | | | (1,995) | | | — | | | (28,792) | | | 96,624 | | | | | | | Gains (losses) on derivatives in fair value hedging relationship | | | | | | | | | | | | | | | Foreign exchange contracts | | | | | | | | | | | | | | | Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | — | | | — | | | (29,371) | | | 6,743 | | | (22,628) | | | | | | | Total | $ | 127,411 | | | $ | (1,995) | | | $ | (29,250) | | | $ | (22,077) | | | $ | 74,089 | | | | | |
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