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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [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, 2024 and 2023:
(Amounts presented net of taxes)Foreign Currency Translation Gains (Losses)Net Unrealized Gains (Losses) on Available-For-Sale SecuritiesDefined Benefit Pension and Retiree Health Benefit PlansNet Unrealized Gains (Losses) on Cash Flow HedgesAccumulated Other Comprehensive Loss
Balance at April 1, 2024
$(1,897.0)$(30.9)$(2,658.7)$287.1 $(4,299.5)
Other comprehensive income (loss) before reclassifications(104.6)(1.8)1.2 1.5 (103.7)
Net amount reclassified from accumulated other comprehensive loss— 0.1 23.9 0.7 24.7 
Net other comprehensive income (loss)(104.6)(1.7)25.1 2.2 (79.0)
Balance at June 30, 2024
$(2,001.6)$(32.6)$(2,633.6)$289.3 $(4,378.5)
(Amounts presented net of taxes)Foreign Currency Translation Gains (Losses)Net Unrealized Gains (Losses) on Available-For-Sale SecuritiesDefined Benefit Pension and Retiree Health Benefit PlansNet Unrealized Gains (Losses) on Cash Flow HedgesAccumulated 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)
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2024 and 2023:
(Amounts presented net of taxes)Foreign Currency Translation Gains (Losses)Net Unrealized Gains (Losses) on Available-For-Sale SecuritiesDefined Benefit Pension and Retiree Health Benefit PlansNet Unrealized Gains (Losses) on Cash Flow HedgesAccumulated Other Comprehensive Loss
Balance at January 1, 2024
$(1,819.0)$(26.2)$(2,697.3)$215.5 $(4,327.0)
Other comprehensive income (loss) before reclassifications(192.8)(6.6)16.8 73.5 (109.1)
Net amount reclassified from accumulated other comprehensive loss10.2 0.2 46.9 0.3 57.6 
Net other comprehensive income (loss)(182.6)(6.4)63.7 73.8 (51.5)
Balance at June 30, 2024
$(2,001.6)$(32.6)$(2,633.6)$289.3 $(4,378.5)
(Amounts presented net of taxes)Foreign Currency Translation Gains (Losses)Net Unrealized Gains (Losses) on Available-For-Sale SecuritiesDefined Benefit Pension and Retiree Health Benefit PlansNet Unrealized Gains (Losses) on Cash Flow HedgesAccumulated 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 reclassifications14.1 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 $(3,788.7)
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:
Three Months Ended June 30,Six Months Ended June 30,
Tax benefit (expense) 2024202320242023
Foreign currency translation gains/losses$(16.2)$(6.4)$(68.2)$40.1 
Net unrealized gains/losses on available-for-sale securities0.6 1.6 2.0 (1.0)
Defined benefit pension and retiree health benefit plans(5.3)(3.0)(0.5)(7.0)
Net unrealized gains/losses on cash flow hedges(0.5)(12.0)(19.5)(15.9)
Benefit (expense) for income taxes allocated to other comprehensive income (loss) items$(21.4)$(19.8)$(86.2)$16.2 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss
Reclassifications out of accumulated other comprehensive loss were as follows:
Details about Accumulated Other Comprehensive Loss ComponentsThree Months Ended June 30,Six Months Ended June 30,Affected Line Item in the Consolidated Condensed Statements of Operations
2024202320242023
Amortization of retirement benefit items:
Prior service benefits, net$(0.9)$(12.6)$(1.8)$(25.2)Other–net, (income) expense
Actuarial losses, net31.1 28.9 61.1 58.0 Other–net, (income) expense
Total before tax30.2 16.3 59.3 32.8 
Tax benefit(6.3)(3.4)(12.4)(6.9)Income taxes
Net of tax23.9 12.9 46.9 25.9 
Other, net of tax
0.8 2.4 10.7 (20.1)Other–net, (income) expense
Total reclassifications, net of tax$24.7 $15.3 $57.6 $5.8