Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Derivatives and Hedging Activities (Tables)

v3.24.0.1
Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of balance sheet classification and fair values of derivative instruments
Fair Value Notional Amount
Dec 31, Dec 31, Dec 31, Dec 31,
2023 2022 2023 2022
U.S. $ in thousands
Assets derivatives -Foreign exchange contracts, not designated as hedging instruments Other current assets $ 164  $ 159  $ 82,873  $ 101,733 
Assets derivatives -Foreign exchange contracts, designated as cash flow hedge  Other current assets 2,087  3  51,830  4,900 
Liability derivatives -Foreign exchange contracts, not designated as hedging instruments Accrued expenses and other current liabilities (51) (38) 21,168  16,751 
Liability derivatives -Foreign exchange contracts, designated as cash flow hedge Accrued expenses and other current liabilities (657) (1,640) 74,054  72,273 
$ 1,543  $ (1,516) $ 229,925  $ 195,657 
Schedule of cash flow hedging instruments location in income statement
Revenues Cost of sales Research and development, net Selling, general and administrative Financial (expenses) income, net Other comprehensive income
December 31, December 31, December 31, December 31, December 31, December 31,
2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022
U.S. $ in thousands
Line items in which effects of hedges are recorded $ 627,598  $ 651,483  $ 360,574  $ 375,016  $ 94,425  $ 92,876  $ 260,179  $ 240,750  $ (2,993) $ (229) $ 5,739  $ (4,047)
Foreign exchange contracts designated as hedging instrument 1,578  3,625  472  243  1,604  950  3,030  1,941  —  —  (1,797) (1,566)
Foreign exchange contracts not designated as hedging instrument —  —  —  —  —  —  —  —  (470) (2,125) —  —