Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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 Condensed Consolidated Statements of Income.

	Amounts Reclassified from AOCL to Net Income
		Three Months Ended						Nine Months Ended
	Income Statement	September 30,						September 30,
Income for the period (in millions)	Location	2022			2021			2022			2021
Accumulated other comprehensive loss components:
Gains/(losses) on investment securities:
Available-for-sale securities	Revenues	$	(8.4	)	$	2.5		$	(8.5	)	$	2.3
Income tax benefit/(expense)	Provision for income taxes		1.6			(0.5	)		1.6			(0.5	)
Total reclassification adjustments related to investment securities, net of tax			(6.8	)		2.0			(6.9	)		1.8
Gains/(losses) on cash flow hedges:
Foreign currency contracts	Revenues		17.5			(0.6	)		32.4			(10.0	)
Interest rate contracts	Interest expense		—			(0.1	)		(0.1	)		(0.5	)
Interest rate contracts	Other income/(expense), net		—			—			—			0.7
Income tax benefit/(expense)	Provision for income taxes		(0.2	)		0.1			(0.2	)		0.1
Total reclassification adjustments related to cash flow hedges, net of tax			17.3			(0.6	)		32.1			(9.7	)
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			—
Amortization of components of defined benefit plans:
Actuarial loss	Other income/(expense), net		—			(3.0	)		—			(9.1	)
Income tax benefit	Provision for income taxes		—			0.7			—			2.0
Total reclassification adjustments related to defined benefit plans, net of tax			—			(2.3	)		—			(7.1	)
Total reclassifications, net of tax		$	10.5		$	(0.9	)	$	43.0		$	(15.0	)

Schedule of Components of Accumulated Other Comprehensive Income/(Loss)

The following tables summarize the components of AOCL, net of tax in the accompanying Condensed 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)		(63.6	)		6.2			—			(57.4	)
Tax benefit		11.9			—			—			11.9
Amounts reclassified from AOCL into earnings, net of tax		0.1			(0.9	)		(17.8	)		(18.6	)
As of March 31, 2022		(21.2	)		24.0			(119.0	)		(116.2	)
Unrealized gains/(losses)		(28.7	)		37.3			—			8.6
Tax benefit/(expense)		5.0			(0.3	)		—			4.7
Amounts reclassified from AOCL into earnings, net of tax		—			(13.9	)		—			(13.9	)
As of June 30, 2022		(44.9	)		47.1			(119.0	)		(116.8	)
Unrealized gains/(losses)		(44.7	)		43.4			—			(1.3	)
Tax benefit/(expense)		7.9			(0.5	)		—			7.4
Amounts reclassified from AOCL into earnings, net of tax		6.8			(17.3	)		—			(10.5	)
As of September 30, 2022	$	(74.9	)	$	72.7		$	(119.0	)	$	(121.2	)

	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)		(16.0	)		24.2			—			—			8.2
Tax benefit/(expense)		2.9			(0.9	)		—			—			2.0
Amounts reclassified from AOCL into earnings, net of tax		0.1			5.6			—			2.5			8.2
As of March 31, 2021		45.3			(1.6	)		(101.2	)		(83.6	)		(141.1	)
Unrealized gains/(losses)		2.3			(6.2	)		—			—			(3.9	)
Tax expense		(0.2	)		—			—			—			(0.2	)
Amounts reclassified from AOCL into earnings, net of tax		0.1			3.5			—			2.3			5.9
As of June 30, 2021		47.5			(4.3	)		(101.2	)		(81.3	)		(139.3	)
Unrealized gains/(losses)		(7.3	)		17.7			—			—			10.4
Tax benefit/(expense)		1.4			(0.1	)		—			—			1.3
Amounts reclassified from AOCL into earnings, net of tax		(2.0	)		0.6			—			2.3			0.9
As of September 30, 2021	$	39.6		$	13.9		$	(101.2	)	$	(79.0	)	$	(126.7	)