Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Statement of Comprehensive Income [Abstract]

Schedule of components of other comprehensive income (loss)

The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended June 30, 2020 and 2019:

(Amounts presented net of taxes)	Foreign Currency Translation Gains (Losses)		Unrealized Net Gains (Losses) on Securities		Defined Benefit Pension and Retiree Health Benefit Plans		Effective Portion of Cash Flow Hedges		Accumulated Other Comprehensive Loss
Balance at April 1, 2020	$	(1,804.5)	$	5.8	$	(4,530.3)	$	(556.9)	$	(6,885.9)
Other comprehensive income (loss) before reclassifications	82.0		5.8		(6.7)		33.0		114.1
Net amount reclassified from accumulated other comprehensive loss	—		3.5		82.1		3.3		88.9
Net other comprehensive income (loss)	82.0		9.3		75.4		36.3		203.0
Balance at June 30, 2020	$	(1,722.5)	$	15.1	$	(4,454.9)	$	(520.6)	$	(6,682.9)

(Amounts presented net of taxes)	Foreign Currency Translation Gains (Losses)		Unrealized Net Gains (Losses) on Securities		Defined Benefit Pension and Retiree Health Benefit Plans		Effective Portion of Cash Flow Hedges		Accumulated Other Comprehensive Loss
Balance at April 1, 2019	$	(1,601.4)	$	(3.6)	$	(3,813.7)	$	(268.8)	$	(5,687.5)
Other comprehensive income (loss) before reclassifications	31.4		8.4		3.4		(6.1)		37.1
Net amount reclassified from accumulated other comprehensive loss	—		(0.3)		47.0		3.2		49.9
Net other comprehensive income (loss)	31.4		8.1		50.4		(2.9)		87.0
Balance at June 30, 2019	$	(1,570.0)	$	4.5	$	(3,763.3)	$	(271.7)	$	(5,600.5)

The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2020 and 2019:

	Continuing Operations
(Amounts presented net of taxes)	Foreign Currency Translation Gains (Losses)		Unrealized Net Gains (Losses) on Securities		Defined Benefit Pension and Retiree Health Benefit Plans		Effective Portion of Cash Flow Hedges		Discontinued Operations		Accumulated Other Comprehensive Loss
Balance at January 1, 2020	$	(1,678.0)	$	4.9	$	(4,638.6)	$	(211.9)	$	—	$	(6,523.6)
Other comprehensive income (loss) before reclassifications	(44.5)		6.8		24.2		(315.2)		—		(328.7)
Net amount reclassified from accumulated other comprehensive loss	—		3.4		159.5		6.5		—		169.4
Net other comprehensive income (loss)	(44.5)		10.2		183.7		(308.7)		—		(159.3)
Balance at June 30, 2020	$	(1,722.5)	$	15.1	$	(4,454.9)	$	(520.6)	$	—	$	(6,682.9)

	Continuing Operations
(Amounts presented net of taxes)	Foreign Currency Translation Gains (Losses)		Unrealized Net Gains (Losses) on Securities		Defined Benefit Pension and Retiree Health Benefit Plans		Effective Portion of Cash Flow Hedges		Discontinued Operations		Accumulated Other Comprehensive Loss
Balance at January 1, 2019 (1)	$	(1,569.7)	$	(22.1)	$	(3,852.7)	$	(238.9)	$	(56.8)	$	(5,740.2)
Other comprehensive income (loss) before reclassifications	(0.3)		25.2		(2.3)		(39.0)		(27.2)		(43.6)
Net amount reclassified from accumulated other comprehensive loss	—		1.4		91.7		6.2		84.0		183.3
Net other comprehensive income (loss)	(0.3)		26.6		89.4		(32.8)		56.8		139.7
Balance at June 30, 2019	$	(1,570.0)	$	4.5	$	(3,763.3)	$	(271.7)	$	—	$	(5,600.5)

⁽¹⁾ Accumulated other comprehensive loss as of January 1, 2019 consists of $5.73 billion of accumulated other comprehensive loss attributable to controlling interest and $11.0 million of accumulated other comprehensive loss attributable to noncontrolling interest.

The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
Tax benefit (expense)	2020		2019		2020		2019
Foreign currency translation gains/losses	$	27.4	$	7.3	$	(11.1)	$	(12.0)
Unrealized net gains/losses on securities	(2.4)		(2.1)		(2.8)		(6.9)
Defined benefit pension and retiree health benefit plans	(18.9)		(13.4)		(44.6)		(24.8)
Effective portion of cash flow hedges	(9.7)		0.7		82.0		8.7
Benefit (provision) for income taxes allocated to other comprehensive income (loss) items	$	(3.6)	$	(7.5)	$	23.5	$	(35.0)

Schedule of reclassifications out of accumulated other comprehensive loss

Reclassifications out of accumulated other comprehensive loss were as follows:

Details about Accumulated Other Comprehensive Loss Components	Three Months Ended June 30,				Six Months Ended June 30,				Affected Line Item in the Consolidated Condensed Statements of Operations
	2020		2019		2020		2019
Amortization of retirement benefit items:
Prior service benefits, net	$	(13.8)	$	(14.2)	$	(27.6)	$	(28.5)	Other–net, (income) expense
Actuarial losses, net	117.7		73.5		229.5		143.6		Other–net, (income) expense
Total before tax	103.9		59.3		201.9		115.1
Tax benefit	(21.8)		(12.3)		(42.4)		(23.4)		Income taxes
Net of tax	82.1		47.0		159.5		91.7
Other, net of tax	6.8		2.9		9.9		7.6		Other–net, (income) expense
Reclassifications from continuing operations (net of tax)	88.9		49.9		169.4		99.3
Reclassifications from discontinued operations (net of tax)	—		—		—		84.0		Net income from discontinued operations
Total reclassifications for the period (net of tax)	$	88.9	$	49.9	$	169.4	$	183.3