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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 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 April 1, 2025 | $ | (1,823.6) |  |  | $ | (23.3) |  |  | $ | (2,181.5) |  |  | $ | 253.8 |  |  |  |  | $ | (3,774.6) |
Other comprehensive income (loss) before reclassifications | 60.9 |  |  | 2.0 |  |  | (28.6) |  |  | 2.1 |  |  |  |  | 36.4 |
Net amount reclassified from accumulated other comprehensive loss | 4.9 |  |  | — |  |  | 16.7 |  |  | 0.6 |  |  |  |  | 22.2 |
Net other comprehensive income (loss) | 65.8 |  |  | 2.0 |  |  | (11.9) |  |  | 2.7 |  |  |  |  | 58.6 |
Balance at June 30, 2025 | $ | (1,757.8) |  |  | $ | (21.3) |  |  | $ | (2,193.4) |  |  | $ | 256.5 |  |  |  |  | $ | (3,716.0) |
(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 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) |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 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 | 596.3 |  |  | 9.8 |  |  | (47.6) |  |  | (22.7) |  |  | 535.8 |
Net amount reclassified from accumulated other comprehensive loss | 35.5 |  |  | 0.6 |  |  | 32.9 |  |  | 1.1 |  |  | 70.1 |
Net other comprehensive income (loss) | 631.8 |  |  | 10.4 |  |  | (14.7) |  |  | (21.6) |  |  | 605.9 |
Balance at June 30, 2025 | $ | (1,757.8) |  |  | $ | (21.3) |  |  | $ | (2,193.4) |  |  | $ | 256.5 |  |  | $ | (3,716.0) |
(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 | (192.8) |  |  | (6.6) |  |  | 16.8 |  |  | 73.5 |  |  | (109.1) |
Net amount reclassified from accumulated other comprehensive loss | 10.2 |  |  | 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) |
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) | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency translation gains/losses | $ | 303.7 |  |  | $ | (16.2) |  |  | $ | 417.1 |  |  | $ | (68.2) |
Net unrealized gains/losses on available-for-sale securities | (0.2) |  |  | 0.6 |  |  | (2.8) |  |  | 2.0 |
Retirement benefit plans | 4.0 |  |  | (5.3) |  |  | 2.5 |  |  | (0.5) |
Net unrealized gains/losses on cash flow hedges | (0.7) |  |  | (0.5) |  |  | 5.8 |  |  | (19.5) |
Benefit (expense) for income taxes allocated to other comprehensive income (loss) | $ | 306.8 |  |  | $ | (21.4) |  |  | $ | 422.6 |  |  | $ | (86.2) |
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 Components | Three Months Ended June 30, |  | Six Months Ended June 30, | Affected Line Item in the Consolidated Condensed Statements of Operations
2025 |  | 2024 |  | 2025 |  | 2024
Amortization of retirement benefit items: |  |  |  |  |  |  |  |
Prior service costs (benefits), net | $ | 0.4 |  |  | $ | (0.9) |  |  | $ | 0.8 |  |  | $ | (1.8) |  | Other–net, (income) expense
Actuarial losses, net | 20.8 |  |  | 31.1 |  |  | 40.9 |  |  | 61.1 |  | Other–net, (income) expense
Total before tax | 21.2 |  |  | 30.2 |  |  | 41.7 |  |  | 59.3 |  |
Tax benefit | (4.5) |  |  | (6.3) |  |  | (8.8) |  |  | (12.4) |  | Income taxes
Net of tax | 16.7 |  |  | 23.9 |  |  | 32.9 |  |  | 46.9 |  |
Other, net of tax | 5.5 |  |  | 0.8 |  |  | 37.2 |  |  | 10.7 |  | Other–net, (income) expense
Total reclassifications, net of tax | $ | 22.2 |  |  | $ | 24.7 |  |  | $ | 70.1 |  |  | $ | 57.6 |  |

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