Stockholders' Deficit (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Deficit

Schedule of reclassifications out of Accumulated other comprehensive loss

The following table details reclassifications out of Accumulated other comprehensive loss (“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
	Income Statement	March 31,
Income for the period (in millions)	Location	2020		2019
Accumulated other comprehensive loss components:
Gains/(losses) on investment securities:
Available-for-sale securities	Revenues	$	0.6	$	—
Income tax expense	Provision for income taxes		(0.2)		—
Total reclassification adjustments related to investment securities, net of tax			0.4		—
Gains/(losses) on cash flow hedges:
Foreign currency contracts	Revenues		6.6		1.4
Interest rate contracts	Interest expense		(0.2)		—
Income tax expense	Provision for income taxes		(0.1)		—
Total reclassification adjustments related to cash flow hedges, net of tax			6.3		1.4
Amortization of components of defined benefit plans:
Actuarial loss	Other income, net		(3.0)		(2.7)
Income tax benefit	Provision for income taxes		0.7		0.2
Total reclassification adjustments related to defined benefit plans, net of tax			(2.3)		(2.5)
Total reclassifications, net of tax		$	4.4	$	(1.1)

Schedule of components of accumulated other comprehensive income/(loss), net of tax

The following tables summarize the components of AOCL, net of tax on the accompanying Condensed Consolidated Balance Sheets were as follows (in millions):

	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		7.2		27.3		—		—		34.5
Tax expense		(1.1)		(0.3)		—		—		(1.4)
Amounts reclassified from AOCL into earnings, net of tax		(0.4)		(6.3)		—		2.3		(4.4)
As of March 31, 2020	$	30.4	$	17.1	$	(101.2)	$	(126.6)	$	(180.3)

	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		16.8		4.4		—		—		21.2
Tax benefit/(expense)		(3.8)		0.9		—		—		(2.9)
Amounts reclassified from AOCL into earnings, net of tax		—		(1.4)		—		2.5		1.1
As of March 31, 2019	$	11.9	$	11.3	$	(101.2)	$	(133.6)	$	(211.6)