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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following tables summarize the components of accumulated other comprehensive income (loss) (AOCI) at March 31, 2020 and 2019, and changes during the three months then ended.
TABLE 56: SUMMARY OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
THREE MONTHS ENDED MARCH 31, 2020
(In Millions)
NET UNREALIZED GAINS (LOSSES) ON DEBT SECURITIES AVAILABLE FOR SALE (1)

NET UNREALIZED (LOSSES) GAINS ON CASH FLOW HEDGES

NET FOREIGN CURRENCY ADJUSTMENT

NET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTS

TOTAL

Balance at December 31, 2019
$
114.0

$
(3.7
)
$
117.8

$
(422.8
)
$
(194.7
)
Net Change
199.7

7.3

25.7

7.0

239.7

Balance at March 31, 2020
$
313.7

$
3.6

$
143.5

$
(415.8
)
$
45.0


(1) Includes net unrealized gains on debt securities transferred from available for sale to held to maturity during the period ended March 31, 2020.
 
THREE MONTHS ENDED MARCH 31, 2019
(In Millions)
NET UNREALIZED GAINS (LOSSES) ON DEBT SECURITIES AVAILABLE FOR SALE (1)

NET UNREALIZED (LOSSES) GAINS ON CASH FLOW HEDGES

NET FOREIGN CURRENCY ADJUSTMENT

NET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTS

TOTAL

Balance at December 31, 2018
$
(114.9
)
$
4.0

$
67.9

$
(410.7
)
$
(453.7
)
Net Change
85.6

(4.3
)
14.8

12.3

108.4

Balance at March 31, 2019
$
(29.3
)
$
(0.3
)
$
82.7

$
(398.4
)
$
(345.3
)
(1)    Includes net unrealized gains on debt securities transferred from available for sale to held to maturity during the period ended March 31, 2019.
TABLE 57: DETAILS OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
THREE MONTHS ENDED MARCH 31,
 
2020
2019
(In Millions)
BEFORE TAX

TAX EFFECT

AFTER TAX

BEFORE TAX

TAX EFFECT

AFTER TAX

Unrealized Gains (Losses) on Debt Securities Available for Sale
 
 
 
 
 
 
Unrealized Gains (Losses) on Debt Securities Available for Sale
$
266.8

$
(67.1
)
$
199.7

$
115.3

$
(29.9
)
$
85.4

Reclassification Adjustment for (Gains) Losses Included in Net Income (1)
—

—

—

0.2

—

0.2

Net Change
$
266.8

$
(67.1
)
$
199.7

$
115.5

$
(29.9
)
$
85.6

Unrealized Gains (Losses) on Cash Flow Hedges
 
 
 
 
 
 
Foreign Exchange Contracts
$
13.3

$
(3.3
)
$
10.0

$
7.2

$
(1.7
)
$
5.5

Interest Rate Contracts
0.4

(0.1
)
0.3

0.6

(0.2
)
0.4

Reclassification Adjustment for (Gains) Losses Included in Net Income (2)
(4.0
)
1.0

(3.0
)
(13.6
)
3.4

(10.2
)
Net Change
$
9.7

$
(2.4
)
$
7.3

$
(5.8
)
$
1.5

$
(4.3
)
Foreign Currency Adjustments
 
 
 
 
 
 
Foreign Currency Translation Adjustments
$
(89.8
)
$
9.6

$
(80.2
)
$
(6.5
)
$
1.6

$
(4.9
)
Long-Term Intra-Entity Foreign Currency Transaction Gains (Losses)
(0.6
)
0.1

(0.5
)
0.7

(0.2
)
0.5

Net Investment Hedge Gains (Losses)
142.7

(36.3
)
106.4

28.6

(9.4
)
19.2

Net Change
$
52.3

$
(26.6
)
$
25.7

$
22.8

$
(8.0
)
$
14.8

Pension and Other Postretirement Benefit Adjustments
 
 
 
 
 
 
Net Actuarial (Losses) Gains
$
(1.3
)
$
0.1

$
(1.2
)
$
11.3

$
(3.1
)
$
8.2

Reclassification Adjustment for (Gains) Losses Included in Net Income (3)
 
 
 
 
 
 
Amortization of Net Actuarial Loss
10.9

(2.6
)
8.3

5.5

(1.3
)
4.2

Amortization of Prior Service Cost
(0.1
)
—

(0.1
)
(0.1
)
—

(0.1
)
Net Change
$
9.5

$
(2.5
)
$
7.0

$
16.7

$
(4.4
)
$
12.3

Total Net Change
$
338.3

$
(98.6
)
$
239.7

$
149.2

$
(40.8
)
$
108.4

(1) The before-tax reclassification adjustment out of AOCI related to the realized gains (losses) on debt securities available for sale is recorded as Investment Security Gains (Losses), net within the consolidated statements of income.
(2) See Note 21 — Derivative Financial Instruments for the location of the reclassification adjustment related to cash flow hedges.
(3) The before-tax reclassification adjustment out of AOCI related to pension and other postretirement benefit adjustments is recorded in Employee Benefits expense within the consolidated statements of income.