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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Amounts Reclassified from AOCL | The following table details reclassifications out of AOCL and into Net income. All amounts reclassified from AOCL affect the line items as indicated below, and the amounts in parentheses indicate decreases to Net income in the Consolidated Statements of Income.
|  | Amounts Reclassified from AOCL to Net Income |
|  | Income Statement |  | Year Ended December 31, |
Income for the period (in millions) |  | Location |  | 2022 |  |  | 2021 |  |  | 2020 |
Accumulated other comprehensive loss components: |  |  |  |  |  |  |  |  |  |  |
Gains/(losses) on investment securities: |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  | Revenues |  | $ | (8.9 | ) |  | $ | 3.7 |  |  | $ | 0.6 |
Income tax benefit/(expense) |  | Provision for income taxes |  |  | 1.7 |  |  |  | (0.8 | ) |  |  | (0.1 | )
Total reclassification adjustments related to investment securities, net of tax |  |  |  |  | (7.2 | ) |  |  | 2.9 |  |  |  | 0.5 |
Gains/(losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | Revenues |  |  | 47.7 |  |  |  | (7.6 | ) |  |  | 1.2 |
Interest rate contracts |  | Interest expense |  |  | — |  |  |  | (0.6 | ) |  |  | (0.6 | )
Interest rate contracts |  | Other income/(expense), net |  |  | — |  |  |  | 0.7 |  |  |  | — |
Income tax benefit/(expense) |  | Provision for income taxes |  |  | (0.4 | ) |  |  | — |  |  |  | 0.1 |
Total reclassification adjustments related to cash flow hedges, net of tax |  |  |  |  | 47.3 |  |  |  | (7.5 | ) |  |  | 0.7 |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | Gain on divestiture of business |  |  | 17.8 |  |  |  | — |  |  |  | — |
Total reclassification adjustments related to foreign currency translation adjustments, net of tax |  |  |  |  | 17.8 |  |  |  | — |  |  |  | — |
Effects of 2021 settlement and amortization of components of defined benefit plans: |  |  |  |  |  |  |  |  |  |  |
Settlement charges |  | Pension settlement charges |  |  | — |  |  |  | (109.8 | ) |  |  | — |
Actuarial loss |  | Other income/(expense), net |  |  | — |  |  |  | (9.9 | ) |  |  | (12.1 | )
Income tax benefit |  | Provision for income taxes |  |  | — |  |  |  | 25.7 |  |  |  | 2.7 |
Total reclassification adjustments related to defined benefit plans, net of tax |  |  |  |  | — |  |  |  | (94.0 | ) |  |  | (9.4 | )
Total reclassifications, net of tax |  |  |  | $ | 57.9 |  |  | $ | (98.6 | ) |  | $ | (8.2 | )
Schedule of Components of Accumulated Other Comprehensive Income/(Loss) | The following tables summarize the components of AOCL, net of tax in the accompanying Consolidated Balance Sheets (in millions):
|  | Investment |  |  | Hedging |  |  | Foreign Currency |  |  |  |
|  | Securities |  |  | Activities |  |  | Translation |  |  | Total |
As of December 31, 2021 |  | $ | 30.4 |  |  | $ | 18.7 |  |  | $ | (101.2 | ) |  | $ | (52.1 | )
Unrealized gains/(losses) |  |  | (130.8 | ) |  |  | 49.5 |  |  |  | — |  |  |  | (81.3 | )
Tax benefit/(expense) |  |  | 23.8 |  |  |  | (0.4 | ) |  |  | — |  |  |  | 23.4 |
Amounts reclassified from AOCL into earnings, net of tax |  |  | 7.2 |  |  |  | (47.3 | ) |  |  | (17.8 | ) |  |  | (57.9 | )
As of December 31, 2022 |  | $ | (69.4 | ) |  | $ | 20.5 |  |  | $ | (119.0 | ) |  | $ | (167.9 | )
|  | Investment |  |  | Hedging |  |  | Foreign Currency |  |  | Defined Benefit |  |  |  |
|  | Securities |  |  | Activities |  |  | Translation |  |  | Pension Plan |  |  | Total |
As of December 31, 2020 |  | $ | 58.3 |  |  | $ | (30.5 | ) |  | $ | (101.2 | ) |  | $ | (86.1 | ) |  | $ | (159.5 | )
Unrealized gains/(losses) |  |  | (31.0 | ) |  |  | 42.9 |  |  |  | — |  |  |  | (8.7 | ) |  |  | 3.2 |
Tax benefit/(expense) |  |  | 6.0 |  |  |  | (1.2 | ) |  |  | — |  |  |  | 0.8 |  |  |  | 5.6 |
Amounts reclassified from AOCL into earnings, net of tax |  |  | (2.9 | ) |  |  | 7.5 |  |  |  | — |  |  |  | 94.0 |  |  |  | 98.6 |
As of December 31, 2021 |  | $ | 30.4 |  |  | $ | 18.7 |  |  | $ | (101.2 | ) |  | $ | — |  |  | $ | (52.1 | )
|  | Investment |  |  | Hedging |  |  | Foreign Currency |  |  | Defined Benefit |  |  |  |
|  | Securities |  |  | Activities |  |  | Translation |  |  | Pension Plan |  |  | Total |
As of December 31, 2019 |  | $ | 24.7 |  |  | $ | (3.6 | ) |  | $ | (101.2 | ) |  | $ | (128.9 | ) |  | $ | (209.0 | )
Unrealized gains/(losses) |  |  | 41.5 |  |  |  | (26.4 | ) |  |  | — |  |  |  | 43.5 |  |  |  | 58.6 |
Tax benefit/(expense) |  |  | (7.4 | ) |  |  | 0.2 |  |  |  | — |  |  |  | (10.1 | ) |  |  | (17.3 | )
Amounts reclassified from AOCL into earnings, net of tax |  |  | (0.5 | ) |  |  | (0.7 | ) |  |  | — |  |  |  | 9.4 |  |  |  | 8.2 |
As of December 31, 2020 |  | $ | 58.3 |  |  | $ | (30.5 | ) |  | $ | (101.2 | ) |  | $ | (86.1 | ) |  | $ | (159.5 | )
Schedule of Dividends Declared | Cash dividends paid for the years ended December 31, 2022, 2021, and 2020 were $361.6 million, $380.5 million, and $369.9 million, respectively. Dividends per share declared quarterly by the Company’s Board of Directors during the years ended 2022, 2021, and 2020 were as follows:
Year |  | Q1 |  |  | Q2 |  |  | Q3 |  |  | Q4 |
2022 |  | $ | 0.235 |  |  | $ | 0.235 |  |  | $ | 0.235 |  |  | $ | 0.235 |
2021 |  | $ | 0.235 |  |  | $ | 0.235 |  |  | $ | 0.235 |  |  | $ | 0.235 |
2020 |  | $ | 0.225 |  |  | $ | 0.225 |  |  | $ | 0.225 |  |  | $ | 0.225 |

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