Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Summary of common stock

The following table describes the number of shares authorized, issued and outstanding of our common stock as of December 31, 2022, 2021 and 2020:

	As of December 31, 2022			As of December 31, 2021			As of December 31, 2020
(In millions)	Authorized	Issued	Outstanding	Authorized	Issued	Outstanding	Authorized	Issued	Outstanding
Common stock	1,000.0	167.9	144.0	1,000.0	170.8	147.0	1,000.0	176.2	152.4

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in accumulated other comprehensive income (loss), net of tax by component:

	December 31, 2022
(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 Hedges, Net of Tax(1)		Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax		Currency Translation Adjustments		Total
Balance, December 31, 2021	$	(2.2)	$	53.8	$	25.5	$	(44.8)	$	(139.0)	$	(106.7)
Other comprehensive income (loss) before reclassifications	(23.5)		137.3		12.6		43.7		(83.1)		87.0
Amounts reclassified from accumulated other comprehensive income (loss)	10.0		(176.0)		(38.1)		—		58.9		(145.2)
Net current period other comprehensive income (loss)	(13.5)		(38.7)		(25.5)		43.7		(24.2)		(58.2)
Balance, December 31, 2022	$	(15.7)	$	15.1	$	—	$	(1.1)	$	(163.2)	$	(164.9)

(1) Beginning in the second quarter of 2022 we no longer held net investment hedges as they were closed with the sale of our 49.9% equity interest in Samsung Bioepis in April 2022. For additional information on the sale of our equity interest in Samsung Bioepis, please read Note 3, Dispositions, to these consolidated financial statements.

	December 31, 2021
(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 Hedges, Net of Tax		Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax		Currency Translation Adjustments		Total
Balance, December 31, 2020	$	1.4	$	(179.0)	$	(8.5)	$	(66.3)	$	(46.6)	$	(299.0)
Other comprehensive income (loss) before reclassifications	(6.6)		178.2		33.4		21.5		(92.4)		134.1
Amounts reclassified from accumulated other comprehensive income (loss)	3.0		54.6		0.6		—		—		58.2
Net current period other comprehensive income (loss)	(3.6)		232.8		34.0		21.5		(92.4)		192.3
Balance, December 31, 2021	$	(2.2)	$	53.8	$	25.5	$	(44.8)	$	(139.0)	$	(106.7)

	December 31, 2020
(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 Hedges, Net of Tax		Unrealized Gains (Losses) on Pension Benefit Obligation, 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	(9.3)		(165.0)		(30.7)		(33.5)		92.9		(145.6)
Amounts reclassified from accumulated other comprehensive income (loss)	6.5		(21.8)		(2.9)		—		—		(18.2)
Net current period other comprehensive income (loss)	(2.8)		(186.8)		(33.6)		(33.5)		92.9		(163.8)
Balance, December 31, 2020	$	1.4	$	(179.0)	$	(8.5)	$	(66.3)	$	(46.6)	$	(299.0)

Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes the amounts reclassified from accumulated other comprehensive income (loss):

(In millions)	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)						Income Statement Location
	For the Years Ended December 31,
	2022		2021		2020
Gains (losses) on securities available for sale	$	(12.6)	$	(3.8)	$	(8.2)	Other (income) expense
	2.6		0.8		1.7		Income tax (benefit) expense
Gains (losses) on cash flow hedges	201.6		(60.0)		18.3		Revenue
	(5.5)		(0.8)		3.3		Operating expense
	(0.3)		0.2		0.3		Other (income) expense
	(19.8)		6.0		(0.1)		Income tax (benefit) expense
Gains (losses) on net investment hedges(1)	38.1		(0.6)		2.9		Other (income) expense
Currency Translation Adjustments	(58.9)		—		—		Other (income) expense
Total reclassifications, net of tax	$	145.2	$	(58.2)	$	18.2

(1)