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Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Schedule of Accumulated 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) |
Schedule of Amounts Recognized in Other Comprehensive Loss | 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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