XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 30, 2021
Statement of Comprehensive Income [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended September 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 July 1, 2021 | $ | (1,516.2) |  |  | $ | 9.1 |  |  | $ | (4,569.9) |  |  | $ | (210.1) |  |  |  |  | $ | (6,287.1) |
Other comprehensive income (loss) before reclassifications | (8.0) |  |  | (2.4) |  |  | 18.6 |  |  | 16.8 |  |  |  |  | 25.0 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.1 |  |  | 86.0 |  |  | 3.3 |  |  |  |  | 89.4 |
Net other comprehensive income (loss) | (8.0) |  |  | (2.3) |  |  | 104.6 |  |  | 20.1 |  |  |  |  | 114.4 |
Balance at September 30, 2021 | $ | (1,524.2) |  |  | $ | 6.8 |  |  | $ | (4,465.3) |  |  | $ | (190.0) |  |  |  |  | $ | (6,172.7) |
(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 July 1, 2020 | $ | (1,722.5) |  |  | $ | 15.1 |  |  | $ | (4,454.9) |  |  | $ | (520.6) |  |  |  |  | $ | (6,682.9) |
Other comprehensive income (loss) before reclassifications | 30.3 |  |  | 0.8 |  |  | (19.6) |  |  | 82.9 |  |  |  |  | 94.4 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | (0.2) |  |  | 30.3 |  |  | 3.3 |  |  |  |  | 33.4 |
Net other comprehensive income (loss) | 30.3 |  |  | 0.6 |  |  | 10.7 |  |  | 86.2 |  |  |  |  | 127.8 |
Balance at September 30, 2020 | $ | (1,692.2) |  |  | $ | 15.7 |  |  | $ | (4,444.2) |  |  | $ | (434.4) |  |  |  |  | $ | (6,555.1) |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the nine months ended September 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 | (96.7) |  |  | (8.8) |  |  | 27.2 |  |  | 132.8 |  |  | 54.5 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.8 |  |  | 258.5 |  |  | 9.9 |  |  | 269.2 |
Net other comprehensive income (loss) | (96.7) |  |  | (8.0) |  |  | 285.7 |  |  | 142.7 |  |  | 323.7 |
Balance at September 30, 2021 | $ | (1,524.2) |  |  | $ | 6.8 |  |  | $ | (4,465.3) |  |  | $ | (190.0) |  |  | $ | (6,172.7) |
(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 | (14.2) |  |  | 7.6 |  |  | 4.6 |  |  | (232.3) |  |  | (234.3) |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 3.2 |  |  | 189.8 |  |  | 9.8 |  |  | 202.8 |
Net other comprehensive income (loss) | (14.2) |  |  | 10.8 |  |  | 194.4 |  |  | (222.5) |  |  | (31.5) |
Balance at September 30, 2020 | $ | (1,692.2) |  |  | $ | 15.7 |  |  | $ | (4,444.2) |  |  | $ | (434.4) |  |  | $ | (6,555.1) |
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Tax benefit (expense) | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency translation gains/losses | $ | (39.0) |  |  | $ | 46.0 |  |  | $ | (92.3) |  |  | $ | 34.9 |
Unrealized net gains/losses on securities | 0.8 |  |  | (0.2) |  |  | 3.8 |  |  | (3.0) |
Defined benefit pension and retiree health benefit plans | (28.2) |  |  | 11.8 |  |  | (79.7) |  |  | (32.8) |
Effective portion of cash flow hedges | (5.4) |  |  | (22.9) |  |  | (37.9) |  |  | 59.1 |
Benefit (provision) for income taxes allocated to other comprehensive income (loss) items | $ | (71.8) |  |  | $ | 34.7 |  |  | $ | (206.1) |  |  | $ | 58.2 |
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 6), 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 condensed statements of operations. Reclassifications out of accumulated other comprehensive loss were as follows:
Details about Accumulated Other Comprehensive Loss Components |  | Three Months Ended September 30, |  | Nine Months Ended September 30, | Affected Line Item in the Consolidated Condensed Statements of Operations
| 2021 |  | 2020 |  | 2021 |  | 2020
Amortization of retirement benefit items: |  |  |  |  |  |  |  |  |
Prior service benefits, net |  | $ | (13.9) |  |  | $ | (20.8) |  |  | $ | (41.5) |  |  | $ | (48.4) |  | Other–net, (income) expense
Actuarial losses, net |  | 122.7 |  |  | 59.1 |  |  | 368.7 |  |  | 288.6 |  | Other–net, (income) expense
Total before tax |  | 108.8 |  |  | 38.3 |  |  | 327.2 |  |  | 240.2 |  |
Tax benefit |  | (22.8) |  |  | (8.0) |  |  | (68.7) |  |  | (50.4) |  | Income taxes
Net of tax |  | 86.0 |  |  | 30.3 |  |  | 258.5 |  |  | 189.8 |  |
Other, net of tax |  | 3.4 |  |  | 3.1 |  |  | 10.7 |  |  | 13.0 |  | Other–net, (income) expense
Total reclassifications, net of tax |  | $ | 89.4 |  |  | $ | 33.4 |  |  | $ | 269.2 |  |  | $ | 202.8 |  |

X
- 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=123367319&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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration