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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax, were as follows:
December 31
2018

2017

Foreign currency translation
$
(223.2
)
$
(87.7
)
Translation loss on net investment hedge, net of income taxes of $(12.9) and $(23.1), respectively
(4.7
)
(39.9
)
Translation loss on long-term intercompany loans
(137.2
)
(128.8
)
Unrealized gain on investments, net of income taxes of $0.0 and $3.4, respectively
—

15.3

Defined benefit pension plans, net of income taxes of $(23.2) and $(27.8), respectively
(37.9
)
(50.5
)
Retiree health care plan, net of income taxes of $2.0 for both 2018 and 2017
3.2

3.4

Accumulated other comprehensive loss
$
(399.8
)
$
(288.2
)


As of January 1, 2018, we adopted the new accounting guidance on financial instruments. The new guidance requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net earnings. Upon adoption, we reclassified $15.3, the cumulative unrealized gain on our Swiss franchise's investment portfolio as of December 31, 2017, from accumulated other comprehensive loss to retained earnings. Going forward, we will recognize the changes in fair value on the investment portfolio in the current period earnings as opposed to other comprehensive loss.