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Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 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 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 |
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 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 |  |

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