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Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table summarizes the activity related to each component of other comprehensive income (loss):
(Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) |  | Net Unrealized Gains (Losses) on Available-For-Sale Securities |  | Retirement Benefit Plans |  | Net Unrealized Gains (Losses) on Cash Flow Hedges |  |  |  | Accumulated Other Comprehensive Loss
Beginning balance at January 1, 2021 | $ | (1,427.5) |  |  | $ | 14.8 |  |  | $ | (4,751.0) |  |  | $ | (332.7) |  |  |  |  | $ | (6,496.4) |
Other comprehensive income (loss) before reclassifications | (122.7) |  |  | (11.9) |  |  | 1,823.4 |  |  | 106.6 |  |  |  |  | 1,795.4 |
Net amount reclassified from accumulated other comprehensive loss | — |  |  | 0.8 |  |  | 344.0 |  |  | 13.1 |  |  |  |  | 357.9 |
Net other comprehensive income (loss) | (122.7) |  |  | (11.1) |  |  | 2,167.4 |  |  | 119.7 |  |  |  |  | 2,153.3 |
Balance at December 31, 2021 | (1,550.2) |  |  | 3.7 |  |  | (2,583.6) |  |  | (213.0) |  |  |  |  | (4,343.1) |
Other comprehensive income (loss) before reclassifications | (324.4) |  |  | (52.2) |  |  | 291.5 |  |  | 332.8 |  |  |  |  | 247.7 |
Net amount reclassified from accumulated other comprehensive loss | 0.4 |  |  | 11.4 |  |  | 229.8 |  |  | 9.2 |  |  |  |  | 250.8 |
Net other comprehensive income (loss) | (324.0) |  |  | (40.8) |  |  | 521.3 |  |  | 342.0 |  |  |  |  | 498.5 |
Balance at December 31, 2022 | (1,874.2) |  |  | (37.1) |  |  | (2,062.3) |  |  | 129.0 |  |  |  |  | (3,844.6) |
Other comprehensive income (loss) before reclassifications | 78.9 |  |  | 10.1 |  |  | (686.9) |  |  | 79.7 |  |  |  |  | (518.2) |
Net amount reclassified from accumulated other comprehensive loss | (23.7) |  |  | 0.8 |  |  | 51.9 |  |  | 6.8 |  |  |  |  | 35.8 |
Net other comprehensive income (loss) | 55.2 |  |  | 10.9 |  |  | (635.0) |  |  | 86.5 |  |  |  |  | (482.4) |
Ending balance at December 31, 2023 | $ | (1,819.0) |  |  | $ | (26.2) |  |  | $ | (2,697.3) |  |  | $ | 215.5 |  |  |  |  | $ | (4,327.0) |
The tax effects on the net activity related to each component of other comprehensive income (loss) for the years ended December 31, were as follows:
Tax benefit (expense) | 2023 |  | 2022 |  | 2021
Foreign currency translation gains/losses | $ | 81.0 |  |  | $ | (75.9) |  |  | $ | (136.2) |
Net unrealized gains/losses on available-for-sale securities | (3.2) |  |  | 12.4 |  |  | 4.7 |
Retirement benefit plans | 141.5 |  |  | (95.6) |  |  | (532.0) |
Net unrealized gains/losses on cash flow hedges | (23.0) |  |  | (90.9) |  |  | (31.8) |
Benefit (expense) for income taxes related to other comprehensive income (loss) | $ | 196.3 |  |  | $ | (250.0) |  |  | $ | (695.3) |
Schedule of Amounts Recognized in Other Comprehensive Loss | Reclassifications out of accumulated other comprehensive loss were as follows:
| Year Ended December 31, | Affected Line Item in the Consolidated Statements of Operations
2023 |  | 2022 |  | 2021
Amortization of retirement benefit items: |  |  |  |  |  |
Prior service benefits, net | $ | (50.5) |  |  | $ | (52.4) |  |  | $ | (55.4) |  | Other—net, (income) expense
Actuarial losses | 116.2 |  |  | 343.3 |  |  | 490.9 |  | Other—net, (income) expense
Total before tax | 65.7 |  |  | 290.9 |  |  | 435.5 |  |
Tax benefit | (13.8) |  |  | (61.1) |  |  | (91.5) |  | Income taxes
Net of tax | 51.9 |  |  | 229.8 |  |  | 344.0 |  |
Other, net of tax | (16.1) |  |  | 21.0 |  |  | 13.9 |  | Other—net, (income) expense
Total reclassifications for the period, net of tax | $ | 35.8 |  |  | $ | 250.8 |  |  | $ | 357.9 |  |

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