XML 53 R39.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

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		2023				2022				2021
Accumulated other comprehensive loss components:
Gains/(losses) on investment securities:
Available-for-sale securities		Revenues		$	(6.6	)		$	(8.9	)		$	3.7
Income tax benefit/(expense)		Provision for income taxes			1.0				1.7				(0.8	)
Total reclassification adjustments related to investment securities, net of tax					(5.6	)			(7.2	)			2.9
Gains/(losses) on cash flow hedges:
Foreign currency contracts		Revenues			23.9				47.7				(7.6	)
Interest rate contracts		Interest expense			0.1				—				(0.6	)
Interest rate contracts		Other expense, net			—				—				0.7
Income tax expense		Provision for income taxes			(0.2	)			(0.4	)			—
Total reclassification adjustments related to cash flow hedges, net of tax					23.8				47.3				(7.5	)
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 expense, net			—				—				(9.9	)
Income tax benefit		Provision for income taxes			—				—				25.7
Total reclassification adjustments related to defined benefit plans, net of tax					—				—				(94.0	)
Total reclassifications, net of tax				$	18.2			$	57.9			$	(98.6	)

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, 2022		$	(69.4	)		$	20.5			$	(119.0	)		$	(167.9	)
Unrealized gains/(losses)			37.3				(12.1	)			—				25.2
Tax benefit/(expense)			(6.5	)			0.1				—				(6.4	)
Amounts reclassified from AOCL into earnings, net of tax			5.6				(23.8	)			—				(18.2	)
As of December 31, 2023		$	(33.0	)		$	(15.3	)		$	(119.0	)		$	(167.3	)


		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	)