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Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Equity
Equity
Share Repurchases
In December 2019 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock (December 2019 Share Repurchase Program). Our December 2019 Share Repurchase Program does not have an expiration date. All shares repurchased under our December 2019 Share Repurchase Program will be retired. Under our December 2019 Share Repurchase Program, we repurchased and retired approximately 3.2 million shares of our common stock at a cost of approximately $941.1 million during the three months ended March 31, 2020.
In March 2019 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock (March 2019 Share Repurchase Program), which was completed as of March 31, 2020. All shares repurchased under our March 2019 Share Repurchase Program were retired. Under our March 2019 Share Repurchase Program, we repurchased and retired approximately 4.1 million shares of our common stock at a cost of approximately $1.3 billion during the three months ended March 31, 2020.
From April 1, 2020 through April 22, 2020, we repurchased and retired approximately 4.0 million shares of our common stock at a cost of approximately $1.3 billion under our December 2019 Share Repurchase Program. Approximately $2.8 billion remained available under our December 2019 Share Repurchase Program as of April 22, 2020.
Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in accumulated other comprehensive income (loss), net of tax by component:
(In millions)
 
Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax
 
Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax
 
Gains (Losses) on Net Investment Hedge
 
Unfunded Status of Postretirement Benefit Plans, Net of Tax
 
Currency Translation Adjustments
 
Total
Balance, December 31, 2019
 
$
4.2

 
$
7.8

 
$
25.1

 
$
(32.8
)
 
$
(139.5
)
 
$
(135.2
)
Other comprehensive income (loss) before reclassifications
 
(20.8
)
 
60.7

 
23.9

 
0.8

 
(63.9
)
 
0.7

Amounts reclassified from accumulated other comprehensive income (loss)
 
13.0

 
(26.9
)
 
(0.9
)
 

 

 
(14.8
)
Net current period other comprehensive income (loss)
 
(7.8
)
 
33.8

 
23.0

 
0.8

 
(63.9
)
 
(14.1
)
Balance, March 31, 2020
 
$
(3.6
)
 
$
41.6

 
$
48.1

 
$
(32.0
)
 
$
(203.4
)
 
$
(149.3
)

(In millions)
 
Unrealized Gains (Losses) on Securities Available for Sale, Net of Tax
 
Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax
 
Gains (Losses) on Net Investment Hedge
 
Unfunded Status of Postretirement Benefit Plans, Net of Tax
 
Currency Translation Adjustments
 
Total
Balance, December 31, 2018
 
$
(4.0
)
 
$
34.7

 
$
3.5

 
$
(31.3
)
 
$
(243.3
)
 
$
(240.4
)
Other comprehensive income (loss) before reclassifications
 
7.1

 
31.2

 
16.2

 
0.6

 
(17.8
)
 
37.3

Amounts reclassified from accumulated other comprehensive income (loss)
 
(0.2
)
 
(14.3
)
 
(2.2
)
 

 

 
(16.7
)
Net current period other comprehensive income (loss)
 
6.9

 
16.9

 
14.0

 
0.6

 
(17.8
)
 
20.6

Balance, March 31, 2019
 
$
2.9

 
$
51.6

 
$
17.5

 
$
(30.7
)
 
$
(261.1
)
 
$
(219.8
)

The following table summarizes the amounts reclassified from accumulated other comprehensive income:
(In millions)
Income Statement Location
 
Amounts Reclassified from Accumulated Other Comprehensive Income
 
For the Three Months
Ended March 31,
 
2020
 
2019
Gains (losses) on securities available for sale
Other income (expense)
 
$
(16.4
)
 
$
0.3

 
Income tax benefit (expense)
 
3.4

 
(0.1
)
 
 
 
 
 
 
Gains (losses) on cash flow hedges
Revenues
 
27.0

 
14.8

 
Operating expenses
 
(0.1
)
 
(0.5
)
 
Other income (expense)
 
0.1

 
0.1

 
Income tax benefit (expense)
 
(0.1
)
 
(0.1
)
 
 
 
 
 
 
Gains (losses) on net investment hedge
Other income (expense)
 
0.9

 
2.2

 
 
 
 
 
 
Total reclassifications, net of tax
 
 
$
14.8

 
$
16.7