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Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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 September 30, 2024 and 2023:

(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 July 1, 2024			$	(2,001.6)					$	(32.6)					$	(2,633.6)					$	289.3											$	(4,378.5)
Other comprehensive income (loss) before reclassifications			117.9						15.9						(28.9)						(25.0)												79.9
Net amount reclassified from accumulated other comprehensive loss			—						—						23.7						0.1												23.8
Net other comprehensive income (loss)			117.9						15.9						(5.2)						(24.9)												103.7
Balance at September 30, 2024			$	(1,883.7)					$	(16.7)					$	(2,638.8)					$	264.4											$	(4,274.8)

(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 July 1, 2023			$	(1,885.3)					$	(33.5)					$	(2,058.8)					$	188.9											$	(3,788.7)
Other comprehensive income (loss) before reclassifications			(88.7)						(13.5)						10.5						79.6												(12.1)
Net amount reclassified from accumulated other comprehensive loss			—						1.4						13.0						1.5												15.9
Net other comprehensive income (loss)			(88.7)						(12.1)						23.5						81.1												3.8
Balance at September 30, 2023			$	(1,974.0)					$	(45.6)					$	(2,035.3)					$	270.0											$	(3,784.9)

The following tables summarize the activity related to each component of other comprehensive income (loss) during the nine months ended September 30, 2024 and 2023:

(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, 2024			$	(1,819.0)					$	(26.2)					$	(2,697.3)					$	215.5					$	(4,327.0)
Other comprehensive income (loss) before reclassifications			(74.9)						9.3						(12.1)						48.5						(29.2)
Net amount reclassified from accumulated other comprehensive loss			10.2						0.2						70.6						0.4						81.4
Net other comprehensive income (loss)			(64.7)						9.5						58.5						48.9						52.2
Balance at September 30, 2024			$	(1,883.7)					$	(16.7)					$	(2,638.8)					$	264.4					$	(4,274.8)

(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			(74.6)						(11.3)						(11.9)						135.8						38.0
Net amount reclassified from accumulated other comprehensive loss			(25.2)						2.8						38.9						5.2						21.7
Net other comprehensive income (loss)			(99.8)						(8.5)						27.0						141.0						59.7
Balance at September 30, 2023			$	(1,974.0)					$	(45.6)					$	(2,035.3)					$	270.0					$	(3,784.9)

The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
Tax benefit (expense)			2024						2023						2024						2023
Foreign currency translation gains/losses			$	121.9					$	(90.3)					$	53.7					$	(50.2)
Net unrealized gains/losses on available-for-sale securities			(5.0)						3.5						(3.0)						2.5
Defined benefit pension and retiree health benefit plans			(1.0)						(6.9)						(1.5)						(13.9)
Net unrealized gains/losses on cash flow hedges			6.4						(21.6)						(13.1)						(37.5)
Benefit (expense) for income taxes allocated to other comprehensive income (loss) items			$	122.3					$	(115.3)					$	36.1					$	(99.1)

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 September 30,												Nine Months Ended September 30,									Affected Line Item in the Consolidated Condensed Statements of Operations
																											2024						2023						2024						2023
			Amortization of retirement benefit items:
Prior service benefits, net			$	(0.8)					$	(12.7)					$	(2.6)					$	(37.9)		Other–net, (income) expense
Actuarial losses, net			30.8						29.1						91.9						87.1			Other–net, (income) expense
Total before tax			30.0						16.4						89.3						49.2
Tax benefit			(6.3)						(3.4)						(18.7)						(10.3)			Income taxes
Net of tax			23.7						13.0						70.6						38.9
Other, net of tax			0.1						2.9						10.8						(17.2)			Other–net, (income) expense
Total reclassifications, net of tax			$	23.8					$	15.9					$	81.4					$	21.7

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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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

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