Comprehensive Income

12 Months Ended

Dec. 31, 2023

The following tables present the tax effects allocated to each component of Other comprehensive income (loss):


	For the Year Ended December 31, 2021
	Pre-Tax		Tax Expense		Net of Tax
Foreign currency translation gain	$	10.3	$	(3.5)	$	6.8
Change in net realized and unrealized gain (loss) on derivative financial instruments	0.9		(0.5)		0.4

Other comprehensive income	$	11.2	$	(4.0)	$	7.2


	For the Year Ended December 31, 2022
	Pre-Tax		Tax Benefit		Net of Tax
Foreign currency translation loss	$	(144.1)	$	2.8	$	(141.3)
Change in net realized and unrealized gain (loss) on derivative financial instruments	(0.5)		0.0		(0.5)
Change in net unrealized gain (loss) on available-for-sale debt securities	(1.3)		0.3		(1.0)
Other comprehensive loss	$	(145.9)	$	3.1	$	(142.8)


	For the Year Ended December 31, 2023
	Pre-Tax		Tax (Expense) Benefit		Net of Tax
Foreign currency translation gain	$	44.8	$	(3.7)	$	41.1
Change in net realized and unrealized gain (loss) on derivative financial instruments	0.3		0.0		0.3
Change in net unrealized gain (loss) on available-for-sale debt securities	0.5		0.0		0.5
Other comprehensive income	$	45.6	$	(3.7)	$	41.9

The components of accumulated other comprehensive income (loss), net of taxes, were as follows:


	Foreign Currency Translation Adjustment		Realized and Unrealized Gains (Losses) on Derivative Financial Instruments		Unrealized Gains (Losses) on Available-for-Sale Debt Securities		Total
Balance, as of December 31, 2021	$	(155.1)	$	0.1	$	—	$	(155.0)
Other comprehensive income (loss) before reclassifications	(141.3)		0.5		(1.0)		(141.8)
Amounts reclassified	—		(1.0)		—		(1.0)
Net other comprehensive loss	(141.3)		(0.5)		(1.0)		(142.8)
Balance, as of December 31, 2022	$	(296.4)	$	(0.4)	$	(1.0)	$	(297.8)
Other comprehensive income before reclassifications	41.1		1.9		0.5		43.5
Amounts reclassified	—		(1.6)		—		(1.6)
Net other comprehensive income	41.1		0.3		0.5		41.9
Balance, as of December 31, 2023	$	(255.3)	$	(0.1)	$	(0.5)	$	(255.9)