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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the activity related to each component of other comprehensive income (loss):
Continuing Operations
(Amounts presented net of taxes)Foreign Currency Translation Gains (Losses)Unrealized Net Gains (Losses) on SecuritiesDefined Benefit Pension and Retiree Health Benefit PlansEffective Portion of Cash Flow HedgesDiscontinued OperationsAccumulated Other Comprehensive Loss
Beginning balance at January 1, 2018 (1)
$(1,191.7)$113.5 $(4,311.3)$(234.3)$(71.1)$(5,694.9)
Reclassification due to adoption of new accounting standard(2)
— (128.9)— — — (128.9)
Other comprehensive income (loss) before reclassifications(378.0)24.5 250.7 (16.3)12.2 (106.9)
Net amount reclassified from accumulated other comprehensive loss— (31.2)207.9 11.7 2.1 190.5 
Net other comprehensive income (loss)(378.0)(6.7)458.6 (4.6)14.3 83.6 
Balance at December 31, 2018(3)
(1,569.7)(22.1)(3,852.7)(238.9)(56.8)(5,740.2)
Other comprehensive income (loss) before reclassifications(46.2)28.9 (967.6)14.5 (27.2)(997.6)
Net amount reclassified from accumulated other comprehensive loss(62.1)(1.9)181.7 12.5 84.0 214.2 
Net other comprehensive income (loss)(108.3)27.0 (785.9)27.0 56.8 (783.4)
Balance at December 31, 2019(1,678.0)4.9 (4,638.6)(211.9)— (6,523.6)
Other comprehensive income (loss) before reclassifications250.5 6.8 (379.7)(133.8)— (256.2)
Net amount reclassified from accumulated other comprehensive loss— 3.1 267.3 13.0 — 283.4 
Net other comprehensive income (loss)250.5 9.9 (112.4)(120.8)— 27.2 
Ending balance at December 31, 2020$(1,427.5)$14.8 $(4,751.0)$(332.7)$— $(6,496.4)
(1) Accumulated other comprehensive loss as of January 1, 2018 consists of $5.72 billion of accumulated other comprehensive loss attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to noncontrolling interest.
(2) This reclassification consists of $105.2 million of accumulated other comprehensive income attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to noncontrolling interest. Refer to Note 1 for further details regarding the reclassification due to the adoption of ASU 2016-01.
(3) Accumulated other comprehensive loss as of December 31, 2018 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) for the years ended December 31, were as follows:
Tax benefit (expense)202020192018
Foreign currency translation gains/losses$128.3 $(18.4)$51.6 
Unrealized net gains/losses on securities(4.3)(7.4)2.1 
Defined benefit pension and retiree health benefit plans44.8 184.1 (85.3)
Effective portion of cash flow hedges32.1 (7.3)1.3 
Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items$200.9 $151.0 $(30.3)
Schedule of Amounts Recognized in Other Comprehensive Loss
Reclassifications out of accumulated other comprehensive loss were as follows:
Details about Accumulated Other
Comprehensive Loss Components		Year Ended December 31,Affected Line Item in the Consolidated Statements of Operations
202020192018
Amortization of retirement benefit items:
Prior service benefits, net$(55.0)$(56.8)$(74.9)Other—net, (income) expense
Actuarial losses393.3 286.8 338.6 Other—net, (income) expense
Total before tax338.3 230.0 263.7 
Tax benefit(71.0)(48.3)(55.8)Income taxes
Net of tax267.3 181.7 207.9 
Other, net of tax16.1 (51.5)(19.5)Other—net, (income) expense
Reclassifications from continuing operations (net of tax)283.4 130.2 188.4 
Reclassifications from discontinued operations (net of tax)— 84.0 2.1 Net income from discontinued operations
Total reclassifications for the period, net of tax$283.4 $214.2 $190.5