v3.26.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments  
Schedule of effective portion of gains and losses on derivative instruments

The effect of these net investment hedges on accumulated other comprehensive loss and the condensed consolidated income statements for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Cross-currency interest rate swaps (included component) (1)

$

29,487

$

(134,076)

$

63,250

$

(226,415)

Cross-currency interest rate swaps (excluded component) (2)

(17,573)

5,210

(12,593)

33,616

Total

$

11,914

$

(128,866)

$

50,657

$

(192,799)

Location of

Three Months Ended June 30, 

Six Months Ended June 30, 

gain or (loss)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Cross-currency interest rate swaps (excluded component) (2)

Interest expense

$

7,043

$

6,195

$

13,689

$

13,794

(1)Included component represents foreign exchange spot rates.
(2)Excluded component represents cross-currency basis spread and interest rates.
Schedule of effect of cash flow hedges on accumulated other comprehensive income and the consolidated income statements

The effect of these cash flow hedges on accumulated other comprehensive income and the condensed consolidated income statements for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Interest rate swaps

$

(37)

$

(1,521)

$

(13,334)

$

(9,647)

Location of

Three Months Ended June 30, 

Six Months Ended June 30, 

gain or (loss)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Interest rate swaps

Interest expense

$

(1,835)

$

(241)

$

(3,679)

$

817

Schedule of fair value of derivative instruments in Balance sheets

The subsequent table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 (in thousands):

June 30, 2026

December 31, 2025

  ​ ​ ​

Assets (1)

  ​ ​ ​

Liabilities (2)

  ​ ​ ​

Assets (1)

  ​ ​ ​

Liabilities (2)

Cross-currency interest rate swaps

$

34,838

$

216,631

$

30,093

$

262,543

Interest rate swaps

8,095

13,553

5,865

29,443

$

42,933

$

230,184

$

35,958

$

291,986

(1)As presented in our condensed consolidated balance sheets within Other assets.
(2)As presented in our condensed consolidated balance sheets within Accounts payable and other accrued liabilities.