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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of tax, were as follows:

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Foreign currency translation

 

$

(168.6

)

 

$

(72.1

)

Translation loss on derivative instruments, net of income tax benefit of $(20.5) and $(34.9), respectively

 

 

(31.6

)

 

 

(81.2

)

Translation loss on long-term intercompany loans

 

 

(127.7

)

 

 

(133.3

)

Defined benefit pension plans, net of income tax benefit of $(37.9) and $(38.2), respectively

 

 

(110.4

)

 

 

(111.4

)

Retiree health care plan, net of income taxes of $1.8 for both 2021 and 2020

 

 

0.5

 

 

 

0.7

 

Accumulated other comprehensive loss

 

$

(437.8

)

 

$

(397.3

)