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Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2023
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, 2023 and 2022:
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) |  | Net Unrealized Gains (Losses) on Available-For-Sale Securities |  | Defined Benefit Pension and Retiree Health Benefit Plans |  | Net Unrealized Gains (Losses) on Cash Flow Hedges |  |  |  | Accumulated Other Comprehensive Loss
Balance at January 1, 2023 | $ | (1,874.2) |  |  | $ | (37.1) |  |  | $ | (2,062.3) |  |  | $ | 129.0 |  |  |  |  | $ | (3,844.6) |
Other comprehensive income (loss) before reclassifications | 72.8 |  |  | 8.1 |  |  | (16.8) |  |  | 12.7 |  |  |  |  | 76.8 |
Net amount reclassified from accumulated other comprehensive loss | (25.2) |  |  | 0.7 |  |  | 13.0 |  |  | 2.0 |  |  |  |  | (9.5) |
Net other comprehensive income (loss) | 47.6 |  |  | 8.8 |  |  | (3.8) |  |  | 14.7 |  |  |  |  | 67.3 |
Balance at March 31, 2023 | $ | (1,826.6) |  |  | $ | (28.3) |  |  | $ | (2,066.1) |  |  | $ | 143.7 |  |  |  |  | $ | (3,777.3) |
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) |  | Net Unrealized Gains (Losses) on Available-For-Sale Securities |  | Defined Benefit Pension and Retiree Health Benefit Plans |  | Net Unrealized Gains (Losses) on 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) |
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) | 2023 |  | 2022 |  |  |  |
Foreign currency translation gains/losses | $ | 46.5 |  |  | $ | (13.7) |  |  |  |  |
Net unrealized gains/losses on available-for-sale securities | (2.6) |  |  | 6.7 |  |  |  |  |
Defined benefit pension and retiree health benefit plans | (4.0) |  |  | (28.4) |  |  |  |  |
Net unrealized gains/losses on cash flow hedges | (3.9) |  |  | (29.9) |  |  |  |  |
Benefit (expense) for income taxes allocated to other comprehensive income (loss) items | $ | 36.0 |  |  | $ | (65.3) |  |  |  |  |
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
| 2023 |  | 2022 |  |  |  |
Amortization of retirement benefit items: |  |  |  |  |  |  |  |  |
Prior service benefits, net |  | $ | (12.6) |  |  | $ | (13.0) |  |  |  |  |  | Other–net, (income) expense
Actuarial losses, net |  | 29.1 |  |  | 87.2 |  |  |  |  |  | Other–net, (income) expense
Total before tax |  | 16.5 |  |  | 74.2 |  |  |  |  |  |
Tax benefit |  | (3.5) |  |  | (15.6) |  |  |  |  |  | Income taxes
Net of tax |  | 13.0 |  |  | 58.6 |  |  |  |  |  |
Other, net of tax |  | (22.5) |  |  | 2.7 |  |  |  |  |  | Other–net, (income) expense
Total reclassifications, net of tax |  | $ | (9.5) |  |  | $ | 61.3 |  |  |  |  |  |

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