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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2021
Statement of Comprehensive Income [Abstract] |
Schedule of components of other comprehensive income (loss) | The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended June 30, 2021 and 2020:
(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 |  |  |  | Accumulated Other Comprehensive Loss
Balance at April 1, 2021 | $ | (1,677.2) |  |  | $ | 4.5 |  |  | $ | (4,646.3) |  |  | $ | (76.6) |  |  |  |  | $ | (6,395.6) |
Other comprehensive income (loss) before reclassifications | 161.0 |  |  | 4.4 |  |  | (10.2) |  |  | (136.8) |  |  |  |  | 18.4 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.2 |  |  | 86.6 |  |  | 3.3 |  |  |  |  | 90.1 |
Net other comprehensive income (loss) | 161.0 |  |  | 4.6 |  |  | 76.4 |  |  | (133.5) |  |  |  |  | 108.5 |
Balance at June 30, 2021 | $ | (1,516.2) |  |  | $ | 9.1 |  |  | $ | (4,569.9) |  |  | $ | (210.1) |  |  |  |  | $ | (6,287.1) |
(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 |  |  |  | Accumulated Other Comprehensive Loss
Balance at April 1, 2020 | $ | (1,804.5) |  |  | $ | 5.8 |  |  | $ | (4,530.3) |  |  | $ | (556.9) |  |  |  |  | $ | (6,885.9) |
Other comprehensive income (loss) before reclassifications | 82.0 |  |  | 5.8 |  |  | (6.7) |  |  | 33.0 |  |  |  |  | 114.1 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 3.5 |  |  | 82.1 |  |  | 3.3 |  |  |  |  | 88.9 |
Net other comprehensive income (loss) | 82.0 |  |  | 9.3 |  |  | 75.4 |  |  | 36.3 |  |  |  |  | 203.0 |
Balance at June 30, 2020 | $ | (1,722.5) |  |  | $ | 15.1 |  |  | $ | (4,454.9) |  |  | $ | (520.6) |  |  |  |  | $ | (6,682.9) |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2021 and 2020:
(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 |  | Accumulated Other Comprehensive Loss
Balance at January 1, 2021 | $ | (1,427.5) |  |  | $ | 14.8 |  |  | $ | (4,751.0) |  |  | $ | (332.7) |  |  | $ | (6,496.4) |
Other comprehensive income (loss) before reclassifications | (88.7) |  |  | (6.4) |  |  | 8.6 |  |  | 116.0 |  |  | 29.5 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.7 |  |  | 172.5 |  |  | 6.6 |  |  | 179.8 |
Net other comprehensive income (loss) | (88.7) |  |  | (5.7) |  |  | 181.1 |  |  | 122.6 |  |  | 209.3 |
Balance at June 30, 2021 | $ | (1,516.2) |  |  | $ | 9.1 |  |  | $ | (4,569.9) |  |  | $ | (210.1) |  |  | $ | (6,287.1) |
(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 |  | Accumulated Other Comprehensive Loss
Balance at January 1, 2020 | $ | (1,678.0) |  |  | $ | 4.9 |  |  | $ | (4,638.6) |  |  | $ | (211.9) |  |  | $ | (6,523.6) |
Other comprehensive income (loss) before reclassifications | (44.5) |  |  | 6.8 |  |  | 24.2 |  |  | (315.2) |  |  | (328.7) |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 3.4 |  |  | 159.5 |  |  | 6.5 |  |  | 169.4 |
Net other comprehensive income (loss) | (44.5) |  |  | 10.2 |  |  | 183.7 |  |  | (308.7) |  |  | (159.3) |
Balance at June 30, 2020 | $ | (1,722.5) |  |  | $ | 15.1 |  |  | $ | (4,454.9) |  |  | $ | (520.6) |  |  | $ | (6,682.9) |
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Tax benefit (expense) | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency translation gains/losses | $ | (21.9) |  |  | $ | 27.4 |  |  | $ | (53.3) |  |  | $ | (11.1) |
Unrealized net gains/losses on securities | (1.3) |  |  | (2.4) |  |  | 3.1 |  |  | (2.8) |
Defined benefit pension and retiree health benefit plans | (20.2) |  |  | (18.9) |  |  | (51.5) |  |  | (44.6) |
Effective portion of cash flow hedges | 35.5 |  |  | (9.7) |  |  | (32.6) |  |  | 82.0 |
Benefit (provision) for income taxes allocated to other comprehensive income (loss) items | $ | (7.9) |  |  | $ | (3.6) |  |  | $ | (134.3) |  |  | $ | 23.5 |
Schedule of reclassifications out of accumulated other comprehensive loss | Reclassifications out of accumulated other comprehensive loss were as follows:
Details about Accumulated Other Comprehensive Loss Components |  | Three Months Ended June 30, |  | Six Months Ended June 30, | Affected Line Item in the Consolidated Condensed Statements of Operations
| 2021 |  | 2020 |  | 2021 |  | 2020
Amortization of retirement benefit items: |  |  |  |  |  |  |  |  |
Prior service benefits, net |  | $ | (13.8) |  |  | $ | (13.8) |  |  | $ | (27.6) |  |  | $ | (27.6) |  | Other–net, (income) expense
Actuarial losses, net |  | 123.4 |  |  | 117.7 |  |  | 246.0 |  |  | 229.5 |  | Other–net, (income) expense
Total before tax |  | 109.6 |  |  | 103.9 |  |  | 218.4 |  |  | 201.9 |  |
Tax benefit |  | (23.0) |  |  | (21.8) |  |  | (45.9) |  |  | (42.4) |  | Income taxes
Net of tax |  | 86.6 |  |  | 82.1 |  |  | 172.5 |  |  | 159.5 |  |
Other, net of tax |  | 3.5 |  |  | 6.8 |  |  | 7.3 |  |  | 9.9 |  | Other–net, (income) expense
Total reclassifications, net of tax |  | $ | 90.1 |  |  | $ | 88.9 |  |  | $ | 179.8 |  |  | $ | 169.4 |  |

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