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Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended March 31, 2025 and 2024:
(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
Balance at January 1, 2025 | $ | (2,389.6) |  |  | $ | (31.7) |  |  | $ | (2,178.7) |  |  | $ | 278.1 |  |  |  |  | $ | (4,321.9) |
Other comprehensive income (loss) before reclassifications | 535.4 |  |  | 7.8 |  |  | (19.0) |  |  | (24.8) |  |  |  |  | 499.4 |
Net amount reclassified from accumulated other comprehensive loss | 30.6 |  |  | 0.6 |  |  | 16.2 |  |  | 0.5 |  |  |  |  | 47.9 |
Net other comprehensive income (loss) | 566.0 |  |  | 8.4 |  |  | (2.8) |  |  | (24.3) |  |  |  |  | 547.3 |
Balance at March 31, 2025 | $ | (1,823.6) |  |  | $ | (23.3) |  |  | $ | (2,181.5) |  |  | $ | 253.8 |  |  |  |  | $ | (3,774.6) |
(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
Balance at January 1, 2024 | $ | (1,819.0) |  |  | $ | (26.2) |  |  | $ | (2,697.3) |  |  | $ | 215.5 |  |  |  |  | $ | (4,327.0) |
Other comprehensive income (loss) before reclassifications | (88.2) |  |  | (4.8) |  |  | 15.6 |  |  | 72.0 |  |  |  |  | (5.4) |
Net amount reclassified from accumulated other comprehensive loss | 10.2 |  |  | 0.1 |  |  | 23.0 |  |  | (0.4) |  |  |  |  | 32.9 |
Net other comprehensive income (loss) | (78.0) |  |  | (4.7) |  |  | 38.6 |  |  | 71.6 |  |  |  |  | 27.5 |
Balance at March 31, 2024 | $ | (1,897.0) |  |  | $ | (30.9) |  |  | $ | (2,658.7) |  |  | $ | 287.1 |  |  |  |  | $ | (4,299.5) |
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:
| Three Months Ended March 31, |  |
Tax benefit (expense) | 2025 |  | 2024 |  |  |  |
Foreign currency translation gains/losses | $ | 113.4 |  |  | $ | (52.0) |  |  |  |  |
Net unrealized gains/losses on available-for-sale securities | (2.6) |  |  | 1.4 |  |  |  |  |
Retirement benefit plans | (1.5) |  |  | 4.8 |  |  |  |  |
Net unrealized gains/losses on cash flow hedges | 6.5 |  |  | (19.0) |  |  |  |  |
Benefit (expense) for income taxes allocated to other comprehensive income (loss) | $ | 115.8 |  |  | $ | (64.8) |  |  |  |  |
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 March 31, |  |  | Affected Line Item in the Consolidated Condensed Statements of Operations
2025 |  | 2024 |  |  |  |
Amortization of retirement benefit items: |  |  |  |  |  |  |  |
Prior service costs (benefits), net | $ | 0.4 |  |  | $ | (0.9) |  |  |  |  |  | Other–net, (income) expense
Actuarial losses, net | 20.1 |  |  | 30.0 |  |  |  |  |  | Other–net, (income) expense
Total before tax | 20.5 |  |  | 29.1 |  |  |  |  |  |
Tax benefit | (4.3) |  |  | (6.1) |  |  |  |  |  | Income taxes
Net of tax | 16.2 |  |  | 23.0 |  |  |  |  |  |
Other, net of tax | 31.7 |  |  | 9.9 |  |  |  |  |  | Other–net, (income) expense
Total reclassifications, net of tax | $ | 47.9 |  |  | $ | 32.9 |  |  |  |  |  |

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