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Equity
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Equity
Share Repurchases
In October 2020 our Board of Directors authorized our 2020 Share Repurchase Program, which is a program to repurchase up to $5.0 billion of our common stock. Our 2020 Share Repurchase Program does not have an expiration date. All shares repurchased under our 2020 Share Repurchase Program were retired. There were no share repurchases of our common stock during the three and six months ended June 30, 2024 and 2023. Approximately $2.1 billion remained available under our 2020 Share Repurchase Program as of June 30, 2024.
Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in AOCI, net of tax by component:
For the Three Months Ended June 30, 2024
(In millions)Unrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency
Translation Adjustments
Total
Balance, March 31, 2024$(10.3)$(2.7)$(147.5)$(160.5)
Other comprehensive income (loss) before reclassifications22.3 — (5.6)16.7 
Amounts reclassified from AOCI(2.2)— — (2.2)
Net current period other comprehensive income (loss)20.1 — (5.6)14.5 
Balance, June 30, 2024$9.8 $(2.7)$(153.1)$(146.0)
For the Six Months Ended June 30, 2024
Unrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency
Translation Adjustments
Total
Balance, December 31, 2023$(25.0)$(2.6)$(126.1)$(153.7)
Other comprehensive income (loss) before reclassifications37.7 (0.1)(27.0)10.6 
Amounts reclassified from AOCI(2.9)— — (2.9)
Net current period other comprehensive income (loss)34.8 (0.1)(27.0)7.7 
Balance, June 30, 2024$9.8 $(2.7)$(153.1)$(146.0)
For the Three Months Ended June 30, 2023
(In millions)Unrealized Gains (Losses) on Securities Available for Sale, Net of TaxUnrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency Translation AdjustmentsTotal
Balance, March 31, 2023$(10.0)$(20.3)$(0.6)$(141.1)$(172.0)
Other comprehensive income (loss) before reclassifications(5.5)10.2 0.2 (3.4)1.5 
Amounts reclassified from AOCI1.0 (3.3)— — (2.3)
Net current period other comprehensive income (loss)(4.5)6.9 0.2 (3.4)(0.8)
Balance, June 30, 2023$(14.5)$(13.4)$(0.4)$(144.5)$(172.8)
For the Six Months Ended June 30, 2023
(In millions)Unrealized Gains (Losses) on Securities Available for Sale, Net of TaxUnrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency Translation AdjustmentsTotal
Balance, December 31, 2022$(15.7)$15.1 $(1.1)$(163.2)$(164.9)
Other comprehensive income (loss) before reclassifications(0.2)(10.1)0.7 18.7 9.1 
Amounts reclassified from AOCI1.4 (18.4)— — (17.0)
Net current period other comprehensive income (loss)1.2 (28.5)0.7 18.7 (7.9)
Balance, June 30, 2023$(14.5)$(13.4)$(0.4)$(144.5)$(172.8)
The following table summarizes the amounts reclassified from AOCI:
(In millions)Amounts Reclassified from AOCIIncome Statement Location
For the Three Months Ended June 30,For the Six Months Ended June 30,
2024202320242023
Gains (losses) on securities available for sale$— $(1.3)$— $(1.8)Other (income) expense
— 0.3 — 0.4 Income tax (benefit) expense
Gains (losses) on cash flow hedges7.6 2.4 10.5 20.0 Revenue
(4.9)1.4 (7.0)0.9 Operating expense
(0.2)(0.1)(0.1)(0.2)Other (income) expense
(0.3)(0.4)(0.5)(2.3)Income tax (benefit) expense
Total reclassifications, net of tax$2.2 $2.3 $2.9 $17.0