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Equity | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Equity | Share Repurchases In October 2020 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock (2020 Share Repurchase Program). Our 2020 Share Repurchase Program does not have an expiration date. All share repurchases under our 2020 Share Repurchase Program will be retired. Under our 2020 Share Repurchase Program, we repurchased and retired approximately 2.2 million and 6.0 million shares of our common stock at a cost of approximately $750.0 million and $1.8 billion during the three and nine months ended September 30, 2021, respectively. Approximately $2.8 billion remained available under our 2020 Share Repurchase Program as of September 30, 2021. In December 2019 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock (December 2019 Share Repurchase Program), which was completed as of September 30, 2020. All shares repurchased under our December 2019 Share Repurchase Program were retired. Under our December 2019 Share Repurchase Program, we repurchased and retired approximately 4.5 million and 16.7 million shares of our common stock at a cost of approximately $1.3 billion and $5.0 billion during the three and nine months ended September 30, 2020, respectively. In March 2019 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock (March 2019 Share Repurchase Program), which was completed as of March 31, 2020. All shares repurchased under our March 2019 Share Repurchase Program were retired. Under our March 2019 Share Repurchase Program, we repurchased and retired approximately 4.1 million shares of our common stock at a cost of approximately $1.3 billion during the nine months ended September 30, 2020. Accumulated Other Comprehensive Income (Loss) The following tables summarize the changes in accumulated other comprehensive income (loss), net of tax by component:
(In millions) |  | Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  | Gains (Losses) on Net Investment Hedge, Net of Tax |  | Unfunded Status of Postretirement Benefit Plans, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, December 31, 2020 |  | $ | 1.4 |  |  | $ | (179.0) |  |  | $ | (8.5) |  |  | $ | (66.3) |  |  | $ | (46.6) |  |  | $ | (299.0) |
Other comprehensive income (loss) before reclassifications |  | (2.5) |  |  | 143.0 |  |  | 35.3 |  |  | 3.9 |  |  | (80.3) |  |  | 99.4 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 1.1 |  |  | 62.0 |  |  | (0.1) |  |  | — |  |  | — |  |  | 63.0 |
Net current period other comprehensive income (loss) |  | (1.4) |  |  | 205.0 |  |  | 35.2 |  |  | 3.9 |  |  | (80.3) |  |  | 162.4 |
Balance, September 30, 2021 |  | $ | — |  |  | $ | 26.0 |  |  | $ | 26.7 |  |  | $ | (62.4) |  |  | $ | (126.9) |  |  | $ | (136.6) |
(In millions) |  | Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  | Gains (Losses) on Net Investment Hedge, Net of Tax |  | Unfunded Status of Postretirement Benefit Plans, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, December 31, 2019 |  | $ | 4.2 |  |  | $ | 7.8 |  |  | $ | 25.1 |  |  | $ | (32.8) |  |  | $ | (139.5) |  |  | $ | (135.2) |
Other comprehensive income (loss) before reclassifications |  | (8.8) |  |  | (58.0) |  |  | 8.1 |  |  | 0.4 |  |  | 3.9 |  |  | (54.4) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 9.8 |  |  | (43.1) |  |  | (2.6) |  |  | — |  |  | — |  |  | (35.9) |
Net current period other comprehensive income (loss) |  | 1.0 |  |  | (101.1) |  |  | 5.5 |  |  | 0.4 |  |  | 3.9 |  |  | (90.3) |
Balance, September 30, 2020 |  | $ | 5.2 |  |  | $ | (93.3) |  |  | $ | 30.6 |  |  | $ | (32.4) |  |  | $ | (135.6) |  |  | $ | (225.5) |
The following table summarizes the amounts reclassified from accumulated other comprehensive income (loss):
(In millions) | Income Statement Location |  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Gains (losses) on securities available for sale | Other income (expense) |  | $ | (0.4) |  |  | $ | 0.1 |  |  | $ | (1.3) |  |  | $ | (12.4) |
| Income tax benefit (expense) |  | 0.1 |  |  | — |  |  | 0.3 |  |  | 2.6 |
Gains (losses) on cash flow hedges | Revenue |  | (14.9) |  |  | (9.1) |  |  | (68.7) |  |  | 41.6 |
| Operating expense |  | (0.3) |  |  | 1.5 |  |  | (0.3) |  |  | 1.4 |
| Other income (expense) |  | — |  |  | — |  |  | 0.1 |  |  | 0.2 |
| Income tax benefit (expense) |  | 1.5 |  |  | 0.1 |  |  | 6.8 |  |  | (0.1) |
Gains (losses) on net investment hedge | Other income (expense) |  | — |  |  | 0.8 |  |  | 0.1 |  |  | 2.6 |
Total reclassifications, net of tax |  |  | $ | (14.0) |  |  | $ | (6.6) |  |  | $ | (63.0) |  |  | $ | 35.9 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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