Loss to be reclassified within twelve months

  
  
Nine Months Ended September 30, 2021

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|  |  | Interest RateSwaps |  | DefinedBenefitPension Plans |  | ForeignCurrencyTranslationAdjustments |  | Total |
| Balance – December 31, 2020 |  | $ | (78,104) |  |  | $ | (9,309) |  |  | $ | (11,815) |  |  | $ | (99,228) |  |
| Other comprehensive income (loss) activity during the period: |  |  |  |  |  |  |  |  |
|   Change in AOCL before reclassifications to income |  | —  |  |  | —  |  |  | (1,172) |  |  | (1,172) |  |
|   Reclassifications from AOCL to income (2), (3) |  | 16,256  |  |  | 307  |  |  | —  |  |  | 16,563  |  |
| Other comprehensive income (loss), net |  | 16,256  |  |  | 307  |  |  | (1,172) |  |  | 15,391  |  |
| Balance – September 30, 2021 |  | $ | (61,848) |  |  | $ | (9,002) |  |  | $ | (12,987) |  |  | $ | (83,837) |  |
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(1)Amounts in parentheses represent debits (deferred losses).(2)$5.2 million and $7.4 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended September 30, 2022 and 2021, respectively. $17.5 million and $21.7 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the nine months ended September 30, 2022 and 2021, respectively. See Note 8 — Debt and Note 11 — Derivatives and Hedging for information regarding the cash flow hedges.(3)The reclassifications related to defined benefit pension plans were recorded in Other income, net.   
The estimated net amount of the existing losses on the Company’s interest rate swaps that are reported in Accumulated other comprehensive loss, net at September 30, 2022 that is expected to be reclassified into earnings within the next 12 months is $20.3 million.   
Note 10 — Income Taxes  
The provision for income taxes was $58.5 million and $50.0 million for the three months ended September 30, 2022 and 2021, respectively, and $172.1 million and $208.6 million for the nine months ended September 30, 2022 and 2021, respectively.   
The effective income tax rate was 25.2% and 25.1% for the three months ended September 30, 2022 and 2021, respectively, and 23.8% and 26.3% for the nine months ended September 30, 2022 and 2021, respectively. During the second quarter of 2021, the United Kingdom enacted legislation raising its corporate tax rate from 19% to 25% effective April 2023, which led to a higher effective income tax rate for the nine months ended September 30, 2021 as compared to the same period in 2022.   
The Company had gross unrecognized tax benefits of $158.2 million on September 30, 2022 and $150.0 million on December 31, 2021. It is reasonably possible that gross unrecognized tax benefits will decrease by approximately $30.9 million within the next twelve months due to the anticipated closure of audits and the expiration of certain statutes of limitation.  
Note 11 — Derivatives and Hedging  
The Company enters into a limited number of derivative contracts to mitigate the cash flow risk associated with changes in interest rates on variable-rate debt and changes in foreign exchange rates on forecasted foreign currency transactions. The Company accounts for its outstanding derivative contracts in accordance with FASB ASC Topic 815, which requires all derivatives, including derivatives designated as accounting hedges, to be recorded on the balance sheet at fair value. The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts).  
22
