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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2024
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 SecuritiesRetirement Benefit PlansNet Unrealized Gains (Losses) on Cash Flow HedgesAccumulated Other Comprehensive Loss
Beginning balance at January 1, 2022
$(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 loss0.4 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 reclassifications78.9 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)
Balance at December 31, 2023
(1,819.0)(26.2)(2,697.3)215.5 (4,327.0)
Other comprehensive income (loss) before reclassifications(580.2)(5.0)424.6 62.0 (98.6)
Net amount reclassified from accumulated other comprehensive loss9.6 (0.5)94.0 0.6 103.7 
Net other comprehensive income (loss)(570.6)(5.5)518.6 62.6 5.1 
Ending balance at December 31, 2024
$(2,389.6)$(31.7)$(2,178.7)$278.1 $(4,321.9)
The tax effects on the net activity related to each component of other comprehensive income (loss) for the years ended December 31, were as follows:
Tax benefit (expense)202420232022
Foreign currency translation gains/losses$(146.4)$81.0 $(75.9)
Net unrealized gains/losses on available-for-sale securities1.6 (3.2)12.4 
Retirement benefit plans(133.2)141.5 (95.6)
Net unrealized gains/losses on cash flow hedges(16.7)(23.0)(90.9)
Benefit (expense) for income taxes related to other comprehensive income (loss)$(294.7)$196.3 $(250.0)
Schedule of Amounts Recognized in Other Comprehensive Loss
Reclassifications out of accumulated other comprehensive loss were as follows:
Affected Line Item in the Consolidated Statements of Operations
202420232022
Amortization of retirement benefit items:
Prior service benefits, net$(3.5)$(50.5)$(52.4)Other—net, (income) expense
Actuarial losses122.5 116.2 343.3 Other—net, (income) expense
Total before tax119.0 65.7 290.9 
Tax benefit(25.0)(13.8)(61.1)Income taxes
Net of tax94.0 51.9 229.8 
Other, net of tax9.7 (16.1)21.0 Other—net, (income) expense
Total reclassifications for the period, net of tax$103.7 $35.8 $250.8