| Derivative Instruments, Gain (Loss) |
The effects of cash flow hedge accounting on the Condensed Consolidated Statements of Earnings and Comprehensive Income for the six months ended June 30, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | | (in thousands) | | Cost of sales | | Interest income, net and other finance costs | | Other & foreign exchange loss, net | | Cost of sales | | Interest income, net and other finance costs | | Other & foreign exchange loss, net | | Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded | | $ | 674,956 | | | $ | 8,629 | | | $ | (5,187) | | | $ | 626,493 | | | $ | 1,998 | | | $ | (626) | | | The effects of cash flow hedging | | | | | | | | | | | | | | Gain or (loss) on cash flow hedging relationships | | | | | | | | | | | | | | Interest contracts: | | | | | | | | | | | | | | Amount of gain (loss) reclassified from OCI to earnings | | — | | | 3,080 | | | — | | | — | | | 3,917 | | | — | | | Cross currency swap contract | | | | | | | | | | | | | | Amount of gain (loss) reclassified from OCI to earnings | | — | | | 1,124 | | | 13,203 | | | — | | | 1,539 | | | (49,880) | |
The effects of derivative instruments on the Condensed Consolidated Statements of Earnings and Comprehensive Income for the three months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash Flow Hedging Relationships | | Gain (Loss) Recognized in OCI | | Location of Gain (Loss) Reclassified from OCI into Earnings | | Gain (Loss) Reclassified from OCI into Earnings | | (in thousands) | | 2026 | | 2025 | | | | 2026 | | 2025 | | Interest rate contracts | | $ | 535 | | | $ | (337) | | | Interest expense | | $ | 1,818 | | | $ | 1,952 | | | Cross currency contracts | | 4,536 | | | (35,427) | | | Interest expense | | 573 | | | 411 | | | | | | | | FX gain (loss) | | 1,889 | | | (33,982) | | | | | | | | | | | | | | Total | | $ | 5,071 | | | $ | (35,764) | | | | | $ | 4,280 | | | $ | (31,619) | |
The effects of derivative instruments on the Condensed Consolidated Statements of Earnings and Comprehensive Income for the six months ended June 30, 2026 and 2025 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash Flow Hedging Relationships | | Gain (Loss) Recognized in OCI | | Location of Loss Reclassified from OCI into Earnings | | Gain (Loss) Reclassified from OCI into Earnings | | (in thousands) | | 2026 | | 2025 | | | | 2026 | | 2025 | | Interest rate contracts | | $ | 1,998 | | | $ | (2,124) | | | Interest expense | | $ | 3,080 | | | $ | 3,917 | | | Cross currency contracts | | 13,676 | | | (49,217) | | | Interest expense | | 1,124 | | | 1,539 | | | | | | | | FX loss | | 13,203 | | | (49,880) | | | | | | | | | | | | | | Total | | $ | 15,674 | | | $ | (51,341) | | | | | $ | 17,407 | | | $ | (44,424) | |
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