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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income (Loss)
The following tables summarize the components of Accumulated Other Comprehensive Income (Loss) (AOCI) at September 30, 2024 and 2023, and changes during the three and nine months then ended.
TABLE 62: SUMMARY OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2024
(In Millions)NET UNREALIZED GAINS (LOSSES) ON AVAILABLE FOR SALE DEBT SECURITIESNET UNREALIZED GAINS (LOSSES) ON CASH FLOW HEDGESNET FOREIGN CURRENCY ADJUSTMENTNET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTSTOTAL
Balance at June 30, 2024$(667.1)$— $215.2 $(413.1)$(865.0)
Net Change63.9 0.3 18.9 2.4 85.5 
Balance at September 30, 2024$(603.2)$0.3 $234.1 $(410.7)$(779.5)

NINE MONTHS ENDED SEPTEMBER 30, 2024
(In Millions)NET UNREALIZED GAINS (LOSSES) ON AVAILABLE FOR SALE DEBT SECURITIESNET UNREALIZED GAINS (LOSSES) ON CASH FLOW HEDGESNET FOREIGN CURRENCY ADJUSTMENTNET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTSTOTAL
Balance at December 31, 2023$(923.9)$0.8 $203.6 $(418.4)$(1,137.9)
Net Change320.7 (0.5)30.5 7.7 358.4 
Balance at September 30, 2024$(603.2)$0.3 $234.1 $(410.7)$(779.5)
THREE MONTHS ENDED SEPTEMBER 30, 2023
(In Millions)NET UNREALIZED GAINS (LOSSES) ON AVAILABLE FOR SALE DEBT SECURITIESNET UNREALIZED GAINS (LOSSES) ON CASH FLOW HEDGESNET FOREIGN CURRENCY ADJUSTMENTNET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTSTOTAL
Balance at June 30, 2023$(1,229.4)$0.5 $189.2 $(366.2)$(1,405.9)
Net Change32.3 (0.4)9.6 1.0 42.5 
Balance at September 30, 2023$(1,197.1)$0.1 $198.8 $(365.2)$(1,363.4)

NINE MONTHS ENDED SEPTEMBER 30, 2023
(In Millions)NET UNREALIZED GAINS (LOSSES) ON AVAILABLE FOR SALE DEBT SECURITIESNET UNREALIZED GAINS (LOSSES) ON CASH FLOW HEDGESNET FOREIGN CURRENCY ADJUSTMENTNET PENSION AND OTHER POSTRETIREMENT BENEFIT ADJUSTMENTSTOTAL
Balance at December 31, 2022$(1,367.6)$1.2 $164.6 $(367.4)$(1,569.2)
Net Change170.5 (1.1)34.2 2.2 205.8 
Balance at September 30, 2023$(1,197.1)$0.1 $198.8 $(365.2)$(1,363.4)
Details of Changes in Accumulated Other Comprehensive Income (Loss)
TABLE 63: DETAILS OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30,20242023
(In Millions)PRE-TAXTAXAFTER TAXPRE-TAXTAXAFTER TAX
Unrealized Gains (Losses) on Available for Sale Debt Securities
Unrealized Gains (Losses) on Available for Sale Debt Securities$63.7 $(18.6)$45.1 $18.0 $(5.6)$12.4 
Reclassification Adjustments for (Gains) Losses Included in Net Income:
Interest Income on Debt Securities(1)
24.9 (6.1)18.8 26.7 (6.8)19.9 
Net (Gains) Losses on Debt Securities(2)
— — — — — — 
Net Change$88.6 $(24.7)$63.9 $44.7 $(12.4)$32.3 
Unrealized Gains (Losses) on Cash Flow Hedges
Foreign Exchange Contracts$1.0 $(0.2)$0.8 $14.3 $(3.6)$10.7 
Reclassification Adjustment for (Gains) Losses Included in Net Income(3)
(0.6)0.1 (0.5)(14.9)3.8 (11.1)
Net Change$0.4 $(0.1)$0.3 $(0.6)$0.2 $(0.4)
Foreign Currency Adjustments
Foreign Currency Translation Adjustments$122.9 $(2.4)$120.5 $(89.2)$1.7 $(87.5)
Long-Term Intra-Entity Foreign Currency Transaction Gains (Losses)1.0 (0.3)0.7 (0.2)0.1 (0.1)
Net Investment Hedge Gains (Losses)(135.6)33.3 (102.3)129.9 (32.7)97.2 
Net Change$(11.7)$30.6 $18.9 $40.5 $(30.9)$9.6 
Pension and Other Postretirement Benefit Adjustments
Net Actuarial Gains (Losses)$(0.1)$— $(0.1)$(0.2)$— $(0.2)
Reclassification Adjustment for (Gains) Losses Included in Net Income(4)
Amortization of Net Actuarial Loss3.2 (0.7)2.5 1.6 (0.4)1.2 
Net Change$3.1 $(0.7)$2.4 $1.4 $(0.4)$1.0 
Total Net Change$80.4 $5.1 $85.5 $86.0 $(43.5)$42.5 
NINE MONTHS ENDED SEPTEMBER 30,20242023
(In Millions)PRE-TAXTAXAFTER TAXPRE-TAXTAXAFTER TAX
Unrealized Gains (Losses) on Available for Sale Debt Securities
Unrealized Gains (Losses) on Available for Sale Debt Securities$176.9 $(55.1)$121.8 $158.6 $(42.0)$116.6 
Reclassification Adjustments for (Gains) Losses Included in Net Income:
Interest Income on Debt Securities(1)
76.5 (19.0)57.5 79.0 (19.9)59.1 
Net (Gains) Losses on Debt Securities(2)
189.3 (47.9)141.4 (6.9)1.7 (5.2)
Net Change$442.7 $(122.0)$320.7 $230.7 $(60.2)$170.5 
Unrealized Gains (Losses) on Cash Flow Hedges
Foreign Exchange Contracts$6.4 $(1.5)$4.9 $16.2 $(4.1)$12.1 
Reclassification Adjustment for (Gains) Losses Included in Net Income(3)
(7.1)1.7 (5.4)(17.7)4.5 (13.2)
Net Change$(0.7)$0.2 $(0.5)$(1.5)$0.4 $(1.1)
Foreign Currency Adjustments
Foreign Currency Translation Adjustments$52.5 $(1.2)$51.3 $(15.7)$1.2 $(14.5)
Long-Term Intra-Entity Foreign Currency Transaction Gains (Losses)0.2 (0.1)0.1 (1.8)0.5 (1.3)
Net Investment Hedge Gains (Losses)(36.3)15.4 (20.9)66.8 (16.8)50.0 
Net Change$16.4 $14.1 $30.5 $49.3 $(15.1)$34.2 
Pension and Other Postretirement Benefit Adjustments
Net Actuarial Gains (Losses)$0.9 $(0.5)$0.4 $(1.5)$0.1 $(1.4)
Reclassification Adjustment for (Gains) Losses Included in Net Income(4)
Amortization of Net Actuarial Loss9.6 (2.3)7.3 4.8 (1.2)3.6 
Net Change$10.5 $(2.8)$7.7 $3.3 $(1.1)$2.2 
Total Net Change$468.9 $(110.5)$358.4 $281.8 $(76.0)$205.8 
(1) The before-tax reclassification adjustment is related to the unrealized gains (losses) amortization on AFS debt securities that were transferred to HTM debt securities during the second quarter of 2021 and third quarter of 2022.
(2) The net gains (losses) on AFS debt securities before-tax reclassification adjustment is recorded in Investment Security Gains (Losses), net on the consolidated statements of income.
(3) See Note 21—Derivative Financial Instruments for the location of the reclassification adjustment related to cash flow hedges.
(4) The pension and other postretirement benefit before-tax reclassification adjustment is recorded in Employee Benefits expense on the consolidated statements of income.