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COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
COMPREHENSIVE INCOME (LOSS) | COMPREHENSIVE INCOME (LOSS) Components of Other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2020 and 2019 were as follows:
|  | Three Months Ended |  | Nine Months Ended
(in millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Foreign currency translation gains (losses) |  | $ | 107.1 |  |  | $ | (147.2) |  |  | $ | 67.6 |  |  | $ | (164.2) |
Foreign currency translation (losses) gains on hedges of net investments |  | (22.3) |  |  | 19.7 |  |  | (28.0) |  |  | 19.1 |
These amounts are recorded in Accumulated other comprehensive income (loss) ("AOCI"), net of any related tax adjustments. At September 30, 2020 and December 31, 2019, the cumulative tax adjustments were $189.5 million and $173.0 million, respectively, primarily related to foreign currency translation gains and losses. The cumulative foreign currency translation adjustments included translation losses of $192.6 million and $260.2 million at September 30, 2020 and December 31, 2019, respectively, and cumulative losses on loans designated as hedges of net investments of $136.1 million and $108.1 million, respectively. These foreign currency translation losses were partially offset by movements on derivative financial instruments. Changes in AOCI, net of tax, by component for the nine months ended September 30, 2020 and 2019 were as follows:
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (Loss) on Net Investment Hedges |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2019 |  | $ | (368.3) |  |  | $ | (10.6) |  |  | $ | (100.7) |  |  |  |  | $ | (120.1) |  |  | $ | (599.7) |
Other comprehensive income (loss) before reclassifications and tax impact |  | 26.3 |  |  | (18.8) |  |  | (7.0) |  |  |  |  | — |  |  | 0.5 |
Tax benefit |  | 13.3 |  |  | 2.4 |  |  | 0.8 |  |  |  |  | — |  |  | 16.5 |
Other comprehensive income (loss), net of tax, before reclassifications |  | 39.6 |  |  | (16.4) |  |  | (6.2) |  |  |  |  | — |  |  | 17.0 |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 0.4 |  |  | — |  |  |  |  | 4.7 |  |  | 5.1 |
Net increase (decrease) in other comprehensive loss |  | 39.6 |  |  | (16.0) |  |  | (6.2) |  |  |  |  | 4.7 |  |  | 22.1 |
Balance, net of tax, at September 30, 2020 |  | $ | (328.7) |  |  | $ | (26.6) |  |  | $ | (106.9) |  |  |  |  | $ | (115.4) |  |  | $ | (577.6) |
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain (Loss) on Cash Flow Hedges |  | Gain (Loss) on Net Investment Hedges |  |  |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2018 |  | $ | (284.7) |  |  | $ | 0.6 |  |  | $ | (111.4) |  |  |  |  |  |  | $ | (83.2) |  |  | $ | (478.7) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (134.0) |  |  | (18.6) |  |  | 31.7 |  |  |  |  |  |  | — |  |  | (120.9) |
Tax (expense) benefit |  | (11.1) |  |  | 4.5 |  |  | (7.0) |  |  |  |  |  |  | — |  |  | (13.6) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | (145.1) |  |  | (14.1) |  |  | 24.7 |  |  |  |  |  |  | — |  |  | (134.5) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 1.4 |  |  | — |  |  |  |  |  |  | 2.7 |  |  | 4.1 |
Net (decrease) increase in other comprehensive loss |  | (145.1) |  |  | (12.7) |  |  | 24.7 |  |  |  |  |  |  | 2.7 |  |  | (130.4) |
Balance, net of tax, at September 30, 2019 |  | $ | (429.8) |  |  | $ | (12.1) |  |  | $ | (86.7) |  |  |  |  |  |  | $ | (80.5) |  |  | $ | (609.1) |
Reclassifications out of AOCI to the Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019 were insignificant.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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