Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity/(Deficit)

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	2021			2020			2019
Accumulated other comprehensive loss components:
Gains/(losses) on investment securities:
Available-for-sale securities	Revenues	$	3.7		$	0.6		$	0.6
Income tax expense	Provision for income taxes		(0.8	)		(0.1	)		(0.1	)
Total reclassification adjustments related to investment securities, net of tax			2.9			0.5			0.5
Gains/(losses) on cash flow hedges:
Foreign currency contracts	Revenues		(7.6	)		1.2			14.2
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		—			0.1			(0.1	)
Total reclassification adjustments related to cash flow hedges, net of tax			(7.5	)		0.7			14.1
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	)		(10.8	)
Income tax benefit	Provision for income taxes		25.7			2.7			2.4
Total reclassification adjustments related to defined benefit plans, net of tax			(94.0	)		(9.4	)		(8.4	)
Total reclassifications, net of tax		$	(98.6	)	$	(8.2	)	$	6.2

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			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	)

	Investment			Hedging			Foreign Currency			Defined Benefit
	Securities			Activities			Translation			Pension Plan			Total
As of December 31, 2018	$	(1.1	)	$	7.4		$	(101.2	)	$	(136.1	)	$	(231.0	)
Unrealized gains/(losses)		33.6			2.0			—			(2.0	)		33.6
Tax benefit/(expense)		(7.3	)		1.1			—			0.8			(5.4	)
Amounts reclassified from AOCL into earnings, net of tax		(0.5	)		(14.1	)		—			8.4			(6.2	)
As of December 31, 2019	$	24.7		$	(3.6	)	$	(101.2	)	$	(128.9	)	$	(209.0	)

Schedule of Dividends Declared

Cash dividends paid for the years ended December 31, 2021, 2020, and 2019 were $380.5 million, $369.9 million, and $340.8 million, respectively. Dividends per share declared quarterly by the Company’s Board of Directors during the years ended 2021, 2020, and 2019 were as follows:

Year	Q1		Q2		Q3		Q4
2021	$	0.235	$	0.235	$	0.235	$	0.235
2020	$	0.225	$	0.225	$	0.225	$	0.225
2019	$	0.20	$	0.20	$	0.20	$	0.20