XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.23.2

Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, 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 April 1, 2023 | $ | (1,826.6) |  |  | $ | (28.3) |  |  | $ | (2,066.1) |  |  | $ | 143.7 |  |  |  |  | $ | (3,777.3) |
Other comprehensive income (loss) before reclassifications | (58.7) |  |  | (5.9) |  |  | (5.6) |  |  | 43.5 |  |  |  |  | (26.7) |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.7 |  |  | 12.9 |  |  | 1.7 |  |  |  |  | 15.3 |
Net other comprehensive income (loss) | (58.7) |  |  | (5.2) |  |  | 7.3 |  |  | 45.2 |  |  |  |  | (11.4) |
Balance at June 30, 2023 | $ | (1,885.3) |  |  | $ | (33.5) |  |  | $ | (2,058.8) |  |  | $ | 188.9 |  |  |  |  | $ | (3,788.7) |
(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 April 1, 2022 | $ | (1,575.2) |  |  | $ | (18.1) |  |  | $ | (2,531.6) |  |  | $ | (100.4) |  |  |  |  | $ | (4,225.3) |
Other comprehensive income (loss) before reclassifications | (269.6) |  |  | (9.3) |  |  | 31.7 |  |  | 124.8 |  |  |  |  | (122.4) |
Net amount reclassified from accumulated other comprehensive loss | 0.6 |  |  | (0.5) |  |  | 56.7 |  |  | 3.2 |  |  |  |  | 60.0 |
Net other comprehensive income (loss) | (269.0) |  |  | (9.8) |  |  | 88.4 |  |  | 128.0 |  |  |  |  | (62.4) |
Balance at June 30, 2022 | $ | (1,844.2) |  |  | $ | (27.9) |  |  | $ | (2,443.2) |  |  | $ | 27.6 |  |  |  |  | $ | (4,287.7) |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 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 | 14.1 |  |  | 2.2 |  |  | (22.4) |  |  | 56.2 |  |  | 50.1 |
Net amount reclassified from accumulated other comprehensive loss | (25.2) |  |  | 1.4 |  |  | 25.9 |  |  | 3.7 |  |  | 5.8 |
Net other comprehensive income (loss) | (11.1) |  |  | 3.6 |  |  | 3.5 |  |  | 59.9 |  |  | 55.9 |
Balance at June 30, 2023 | $ | (1,885.3) |  |  | $ | (33.5) |  |  | $ | (2,058.8) |  |  | $ | 188.9 |  |  | $ | (3,788.7) |
(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 | (294.6) |  |  | (30.6) |  |  | 25.1 |  |  | 234.2 |  |  | (65.9) |
Net amount reclassified from accumulated other comprehensive loss | 0.6 |  |  | (1.0) |  |  | 115.3 |  |  | 6.4 |  |  | 121.3 |
Net other comprehensive income (loss) | (294.0) |  |  | (31.6) |  |  | 140.4 |  |  | 240.6 |  |  | 55.4 |
Balance at June 30, 2022 | $ | (1,844.2) |  |  | $ | (27.9) |  |  | $ | (2,443.2) |  |  | $ | 27.6 |  |  | $ | (4,287.7) |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency translation gains/losses | $ | (6.4) |  |  | $ | (87.2) |  |  | $ | 40.1 |  |  | $ | (100.9) |
Net unrealized gains/losses on available-for-sale securities | 1.6 |  |  | 3.0 |  |  | (1.0) |  |  | 9.7 |
Defined benefit pension and retiree health benefit plans | (3.0) |  |  | (22.4) |  |  | (7.0) |  |  | (50.8) |
Net unrealized gains/losses on cash flow hedges | (12.0) |  |  | (34.0) |  |  | (15.9) |  |  | (63.9) |
Benefit (expense) for income taxes allocated to other comprehensive income (loss) items | $ | (19.8) |  |  | $ | (140.6) |  |  | $ | 16.2 |  |  | $ | (205.9) |
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
2023 |  | 2022 |  | 2023 |  | 2022
Amortization of retirement benefit items: |  |  |  |  |  |  |  |
Prior service benefits, net | $ | (12.6) |  |  | $ | (13.1) |  |  | $ | (25.2) |  |  | $ | (26.1) |  | Other–net, (income) expense
Actuarial losses, net | 28.9 |  |  | 84.8 |  |  | 58.0 |  |  | 172.0 |  | Other–net, (income) expense
Total before tax | 16.3 |  |  | 71.7 |  |  | 32.8 |  |  | 145.9 |  |
Tax benefit | (3.4) |  |  | (15.0) |  |  | (6.9) |  |  | (30.6) |  | Income taxes
Net of tax | 12.9 |  |  | 56.7 |  |  | 25.9 |  |  | 115.3 |  |
Other, net of tax | 2.4 |  |  | 3.3 |  |  | (20.1) |  |  | 6.0 |  | Other–net, (income) expense
Total reclassifications, net of tax | $ | 15.3 |  |  | $ | 60.0 |  |  | $ | 5.8 |  |  | $ | 121.3 |  |

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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