Equity

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Equity

Note 14: Equity

Share Repurchases

In October 2020 our Board of Directors authorized our 2020 Share Repurchase Program, which is a program to repurchase up to $5.0 billion of our common stock. Our 2020 Share Repurchase Program does not have an expiration date. All shares repurchased under our 2020 Share Repurchase Program were retired. There were no share repurchases of our common stock during the three months ended March 31, 2025 and 2024. Approximately $2.1 billion remained available under our 2020 Share Repurchase Program as of March 31, 2025.

Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in AOCI, net of tax by component:

	For the Three Months Ended March 31, 2025
(In millions)	Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax		Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax		Currency Translation Adjustments, Net of Tax		Total
Balance, December 31, 2024	$	51.6	$	(16.6)	$	(171.2)	$	(136.2)
Other comprehensive income (loss) before reclassifications	(47.5)		0.4		19.1		(28.0)
Amounts reclassified from AOCI	(10.3)		—		—		(10.3)
Net current period other comprehensive income (loss)	(57.8)		0.4		19.1		(38.3)
Balance, March 31, 2025	$	(6.2)	$	(16.2)	$	(152.1)	$	(174.5)

	For the Three Months Ended March 31, 2024
(In millions)	Unrealized Gains (Losses) on Cash Flow Hedges, Net of Tax		Unrealized Gains (Losses) on Pension Benefit Obligation, Net of Tax		Currency Translation Adjustments, Net of Tax		Total
Balance, December 31, 2023	$	(25.0)	$	(2.6)	$	(126.1)	$	(153.7)
Other comprehensive income (loss) before reclassifications	15.4		(0.1)		(21.4)		(6.1)
Amounts reclassified from AOCI	(0.7)		—		—		(0.7)
Net current period other comprehensive income (loss)	14.7		(0.1)		(21.4)		(6.8)
Balance, March 31, 2024	$	(10.3)	$	(2.7)	$	(147.5)	$	(160.5)

The following table summarizes the amounts reclassified from AOCI:

(In millions)	Amounts Reclassified from AOCI				Income Statement Location
	For the Three Months Ended March 31,
	2025		2024
Gains (losses) on cash flow hedges	$	10.9	$	2.9	Revenue
	0.7		(2.1)		Operating expense
	(0.1)		0.1		Other (income) expense, net
	(1.2)		(0.2)		Income tax (benefit) expense
Total reclassifications, net of tax	$	10.3	$	0.7