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Equity | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023. Approximately $2.1 billion remained available under our 2020 Share Repurchase Program as of September 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 September 30, 2024
(In millions) |  |  |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  |  |  | Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, June 30, 2024 |  |  |  | $ | 9.8 |  |  |  |  | $ | (2.7) |  |  | $ | (153.1) |  |  | $ | (146.0) |
Other comprehensive income (loss) before reclassifications |  |  |  | (49.1) |  |  |  |  | 0.3 |  |  | 41.0 |  |  | (7.8) |
Amounts reclassified from AOCI |  |  |  | 8.1 |  |  |  |  | — |  |  | — |  |  | 8.1 |
Net current period other comprehensive income (loss) |  |  |  | (41.0) |  |  |  |  | 0.3 |  |  | 41.0 |  |  | 0.3 |
Balance, September 30, 2024 |  |  |  | $ | (31.2) |  |  |  |  | $ | (2.4) |  |  | $ | (112.1) |  |  | $ | (145.7) |
|  |  |  | For the Nine Months Ended September 30, 2024
(In millions) |  |  |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  |  |  | Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, December 31, 2023 |  |  |  | $ | (25.0) |  |  |  |  | $ | (2.6) |  |  | $ | (126.1) |  |  | $ | (153.7) |
Other comprehensive income (loss) before reclassifications |  |  |  | (11.4) |  |  |  |  | 0.2 |  |  | 14.0 |  |  | 2.8 |
Amounts reclassified from AOCI |  |  |  | 5.2 |  |  |  |  | — |  |  | — |  |  | 5.2 |
Net current period other comprehensive income (loss) |  |  |  | (6.2) |  |  |  |  | 0.2 |  |  | 14.0 |  |  | 8.0 |
Balance, September 30, 2024 |  |  |  | $ | (31.2) |  |  |  |  | $ | (2.4) |  |  | $ | (112.1) |  |  | $ | (145.7) |
|  | For the Three Months Ended September 30, 2023
(In millions) |  | Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  |  |  | Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, June 30, 2023 |  | $ | (14.5) |  |  | $ | (13.4) |  |  |  |  | $ | (0.4) |  |  | $ | (144.5) |  |  | $ | (172.8) |
Other comprehensive income (loss) before reclassifications |  | 2.5 |  |  | 29.0 |  |  |  |  | (0.1) |  |  | (30.5) |  |  | 0.9 |
Amounts reclassified from AOCI |  | 12.0 |  |  | 0.6 |  |  |  |  | — |  |  | — |  |  | 12.6 |
Net current period other comprehensive income (loss) |  | 14.5 |  |  | 29.6 |  |  |  |  | (0.1) |  |  | (30.5) |  |  | 13.5 |
Balance, September 30, 2023 |  | $ | — |  |  | $ | 16.2 |  |  |  |  | $ | (0.5) |  |  | $ | (175.0) |  |  | $ | (159.3) |
|  | For the Nine Months Ended September 30, 2023
(In millions) |  | Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax |  | Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax |  |  |  | Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax |  | Currency Translation Adjustments |  | Total
Balance, December 31, 2022 |  | $ | (15.7) |  |  | $ | 15.1 |  |  |  |  | $ | (1.1) |  |  | $ | (163.2) |  |  | $ | (164.9) |
Other comprehensive income (loss) before reclassifications |  | 2.3 |  |  | 18.9 |  |  |  |  | 0.6 |  |  | (11.8) |  |  | 10.0 |
Amounts reclassified from AOCI |  | 13.4 |  |  | (17.8) |  |  |  |  | — |  |  | — |  |  | (4.4) |
Net current period other comprehensive income (loss) |  | 15.7 |  |  | 1.1 |  |  |  |  | 0.6 |  |  | (11.8) |  |  | 5.6 |
Balance, September 30, 2023 |  | $ | — |  |  | $ | 16.2 |  |  |  |  | $ | (0.5) |  |  | $ | (175.0) |  |  | $ | (159.3) |
The following table summarizes the amounts reclassified from AOCI:
(In millions) |  | Amounts Reclassified from AOCI |  | Income Statement Location
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30, |
| 2024 |  | 2023 |  | 2024 |  | 2023 |
Gains (losses) on securities available for sale |  | $ | — |  |  | $ | (15.2) |  |  | $ | — |  |  | $ | (17.0) |  |  | Other (income) expense
|  | — |  |  | 3.2 |  |  | — |  |  | 3.6 |  |  | Income tax (benefit) expense
Gains (losses) on cash flow hedges |  | (7.6) |  |  | (1.7) |  |  | 2.9 |  |  | 18.3 |  |  | Revenue
|  | (1.5) |  |  | 1.2 |  |  | (8.5) |  |  | 2.1 |  |  | Operating expense
|  | (0.1) |  |  | (0.1) |  |  | (0.2) |  |  | (0.3) |  |  | Other (income) expense
|  | 1.1 |  |  | — |  |  | 0.6 |  |  | (2.3) |  |  | Income tax (benefit) expense
Total reclassifications, net of tax |  | $ | (8.1) |  |  | $ | (12.6) |  |  | $ | (5.2) |  |  | $ | 4.4 |  |  |

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