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Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The following table summarizes the activity related to each component of other comprehensive income (loss):
| Continuing Operations |  |  |  |
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) |  | Unrealized Net Gains (Losses) on Securities |  | Defined Benefit Pension and Retiree Health Benefit Plans |  | Effective Portion of Cash Flow Hedges |  | Discontinued Operations |  | Accumulated Other Comprehensive Loss
Beginning balance at January 1, 2018 (1) | $ | (1,191.7) |  |  | $ | 113.5 |  |  | $ | (4,311.3) |  |  | $ | (234.3) |  |  | $ | (71.1) |  |  | $ | (5,694.9) |
Reclassification due to adoption of new accounting standard(2) | — |  |  | (128.9) |  |  | — |  |  | — |  |  | — |  |  | (128.9) |
Other comprehensive income (loss) before reclassifications | (378.0) |  |  | 24.5 |  |  | 250.7 |  |  | (16.3) |  |  | 12.2 |  |  | (106.9) |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | (31.2) |  |  | 207.9 |  |  | 11.7 |  |  | 2.1 |  |  | 190.5 |
Net other comprehensive income (loss) | (378.0) |  |  | (6.7) |  |  | 458.6 |  |  | (4.6) |  |  | 14.3 |  |  | 83.6 |
Balance at December 31, 2018(3) | (1,569.7) |  |  | (22.1) |  |  | (3,852.7) |  |  | (238.9) |  |  | (56.8) |  |  | (5,740.2) |
Other comprehensive income (loss) before reclassifications | (46.2) |  |  | 28.9 |  |  | (967.6) |  |  | 14.5 |  |  | (27.2) |  |  | (997.6) |
Net amount reclassified from accumulated other comprehensive loss | (62.1) |  |  | (1.9) |  |  | 181.7 |  |  | 12.5 |  |  | 84.0 |  |  | 214.2 |
Net other comprehensive income (loss) | (108.3) |  |  | 27.0 |  |  | (785.9) |  |  | 27.0 |  |  | 56.8 |  |  | (783.4) |
Balance at December 31, 2019 | (1,678.0) |  |  | 4.9 |  |  | (4,638.6) |  |  | (211.9) |  |  | — |  |  | (6,523.6) |
Other comprehensive income (loss) before reclassifications | 250.5 |  |  | 6.8 |  |  | (379.7) |  |  | (133.8) |  |  | — |  |  | (256.2) |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 3.1 |  |  | 267.3 |  |  | 13.0 |  |  | — |  |  | 283.4 |
Net other comprehensive income (loss) | 250.5 |  |  | 9.9 |  |  | (112.4) |  |  | (120.8) |  |  | — |  |  | 27.2 |
Ending balance at December 31, 2020 | $ | (1,427.5) |  |  | $ | 14.8 |  |  | $ | (4,751.0) |  |  | $ | (332.7) |  |  | $ | — |  |  | $ | (6,496.4) |
(1) Accumulated other comprehensive loss as of January 1, 2018 consists of $5.72 billion of accumulated other comprehensive loss attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to noncontrolling interest. (2) This reclassification consists of $105.2 million of accumulated other comprehensive income attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to noncontrolling interest. Refer to Note 1 for further details regarding the reclassification due to the adoption of ASU 2016-01. (3) Accumulated other comprehensive loss as of December 31, 2018 consists of $5.73 billion of accumulated other comprehensive loss attributable to controlling interest and $11.0 million of accumulated other comprehensive loss attributable to noncontrolling interest. The tax effects on the net activity related to each component of other comprehensive income (loss) for the years ended December 31, were as follows:
Tax benefit (expense) | 2020 |  | 2019 |  | 2018
Foreign currency translation gains/losses | $ | 128.3 |  |  | $ | (18.4) |  |  | $ | 51.6 |
Unrealized net gains/losses on securities | (4.3) |  |  | (7.4) |  |  | 2.1 |
Defined benefit pension and retiree health benefit plans | 44.8 |  |  | 184.1 |  |  | (85.3) |
Effective portion of cash flow hedges | 32.1 |  |  | (7.3) |  |  | 1.3 |
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items | $ | 200.9 |  |  | $ | 151.0 |  |  | $ | (30.3) |
Except for the tax effects of foreign currency translation gains and losses related to our foreign currency-denominated notes, cross-currency interest rate swaps, and other foreign currency exchange contracts designated as net investment hedges (see Note 7), income taxes were not provided for foreign currency translation. Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in shareholders' equity rather than in the consolidated statements of operations. Reclassifications out of accumulated other comprehensive loss were as follows:
Details about Accumulated Other Comprehensive Loss Components | Year Ended December 31, | Affected Line Item in the Consolidated Statements of Operations
2020 |  | 2019 |  | 2018
Amortization of retirement benefit items: |  |  |  |  |  |
Prior service benefits, net | $ | (55.0) |  |  | $ | (56.8) |  |  | $ | (74.9) |  | Other—net, (income) expense
Actuarial losses | 393.3 |  |  | 286.8 |  |  | 338.6 |  | Other—net, (income) expense
Total before tax | 338.3 |  |  | 230.0 |  |  | 263.7 |  |
Tax benefit | (71.0) |  |  | (48.3) |  |  | (55.8) |  | Income taxes
Net of tax | 267.3 |  |  | 181.7 |  |  | 207.9 |  |
Other, net of tax | 16.1 |  |  | (51.5) |  |  | (19.5) |  | Other—net, (income) expense
Reclassifications from continuing operations (net of tax) | 283.4 |  |  | 130.2 |  |  | 188.4 |  |
Reclassifications from discontinued operations (net of tax) | — |  |  | 84.0 |  |  | 2.1 |  | Net income from discontinued operations
Total reclassifications for the period, net of tax | $ | 283.4 |  |  | $ | 214.2 |  |  | $ | 190.5 |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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