Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2025

Changes in the components of accumulated other comprehensive income (loss), net of tax, were as follows:


	Three Months Ended March 31, 2025
(in millions)	Foreign Currency Translation Adjustment		Unrealized Loss on Securities		Unrealized Gain on Cash Flow Hedges		Accumulated Other Comprehensive Loss
Balance at beginning of period	$	(22.3)	$	(0.3)	$	9.4	$	(13.2)
Other comprehensive income (loss) before reclassifications (1)	10.3		—		(8.4)		1.9
Amounts reclassified to net income (1)	—		—		5.3		5.3
Balance at the end of period	$	(12.0)	$	(0.3)	$	6.3	$	(6.0)


	Three Months Ended March 31, 2024
(in millions)	Foreign Currency Translation Adjustment		Unrealized Loss on Securities		Unrealized Gain on Cash Flow Hedges		Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$	(14.5)	$	(0.3)	$	22.8	$	8.0
Other comprehensive income (loss) before reclassifications	(6.6)		—		(8.5)		(15.1)
Amounts reclassified to net income	—		—		6.6		6.6
Balance at the end of period	$	(21.1)	$	(0.3)	$	20.9	$	(0.5)

(1) Tax benefit on cash flow hedges in other comprehensive income (loss) before reclassification for the three months ended March 31, 2025 was $0.9 million. There was no tax impact for the three months ended March 31, 2024. Additionally, there is no income tax impact on currency translation adjustments.