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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]    
Net income $ 409.6 $ 321.7
Other comprehensive loss, net of tax:    
Foreign currency translation adjustments [1] (46.3) (218.7)
Pension and other postretirement benefit adjustments:    
Amounts reclassified from other comprehensive loss [2] 1.8 0.6
Unrealized net gains on cash flow hedges:    
Amounts reclassified from other comprehensive loss [3] (1.0) (3.5)
Other comprehensive loss (45.5) (221.6)
Comprehensive income $ 364.1 $ 100.1
[1] The three months ended March 31, 2021 includes unrealized gains of $23.1 million, net of taxes of $(7.5) million, related to net investment hedges. The three months ended March 31, 2020 includes unrealized gains of $9.2 million, net of taxes of $(2.9) million, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $(0.8) million and $(0.2) million in the three months ended March 31, 2021 and 2020, respectively.
[3] Net of taxes of $0.3 million and $1.2 million in the three months ended March 31, 2021 and 2020, respectively.