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Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2022
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 March 31, 2022 and 2021:
(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, 2022 | $ | (1,550.2) |  |  | $ | 3.7 |  |  | $ | (2,583.6) |  |  | $ | (213.0) |  |  |  |  | $ | (4,343.1) |
Other comprehensive income (loss) before reclassifications | (25.0) |  |  | (21.3) |  |  | (6.6) |  |  | 109.4 |  |  |  |  | 56.5 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | (0.5) |  |  | 58.6 |  |  | 3.2 |  |  |  |  | 61.3 |
Net other comprehensive income (loss) | (25.0) |  |  | (21.8) |  |  | 52.0 |  |  | 112.6 |  |  |  |  | 117.8 |
Balance at March 31, 2022 | $ | (1,575.2) |  |  | $ | (18.1) |  |  | $ | (2,531.6) |  |  | $ | (100.4) |  |  |  |  | $ | (4,225.3) |
(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 | (249.7) |  |  | (10.8) |  |  | 18.8 |  |  | 252.8 |  |  |  |  | 11.1 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.5 |  |  | 85.9 |  |  | 3.3 |  |  |  |  | 89.7 |
Net other comprehensive income (loss) | (249.7) |  |  | (10.3) |  |  | 104.7 |  |  | 256.1 |  |  |  |  | 100.8 |
Balance at March 31, 2021 | $ | (1,677.2) |  |  | $ | 4.5 |  |  | $ | (4,646.3) |  |  | $ | (76.6) |  |  |  |  | $ | (6,395.6) |
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:
| Three Months Ended March 31, |  |
Tax benefit (expense) | 2022 |  | 2021 |  |  |  |
Foreign currency translation gains/losses | $ | (13.7) |  |  | $ | (75.3) |  |  |  |  |
Unrealized net gains/losses on securities | 6.7 |  |  | 4.4 |  |  |  |  |
Defined benefit pension and retiree health benefit plans | (28.4) |  |  | (31.3) |  |  |  |  |
Effective portion of cash flow hedges | (29.9) |  |  | (68.1) |  |  |  |  |
Benefit (expense) for income taxes allocated to other comprehensive income (loss) items | $ | (65.3) |  |  | $ | (170.3) |  |  |  |  |
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 March 31, |  |  | Affected Line Item in the Consolidated Condensed Statements of Operations
| 2022 |  | 2021 |  |  |  |
Amortization of retirement benefit items: |  |  |  |  |  |  |  |  |
Prior service benefits, net |  | $ | (13.0) |  |  | $ | (13.8) |  |  |  |  |  | Other–net, (income) expense
Actuarial losses, net |  | 87.2 |  |  | 122.6 |  |  |  |  |  | Other–net, (income) expense
Total before tax |  | 74.2 |  |  | 108.8 |  |  |  |  |  |
Tax benefit |  | (15.6) |  |  | (22.9) |  |  |  |  |  | Income taxes
Net of tax |  | 58.6 |  |  | 85.9 |  |  |  |  |  |
Other, net of tax |  | 2.7 |  |  | 3.8 |  |  |  |  |  | Other–net, (income) expense
Total reclassifications, net of tax |  | $ | 61.3 |  |  | $ | 89.7 |  |  |  |  |  |

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