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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Comprehensive Income [Abstract]    
Net income $ 321.7 $ 245.2
Other comprehensive (loss) income, net of tax:    
Foreign currency translation adjustments [1] (218.7) 7.9
Pension and other postretirement benefit adjustments:    
Amounts reclassified from Other comprehensive (loss) income [2] 0.6 (0.4)
Total pension and other postretirement benefit adjustments 0.6 (0.4)
Unrealized net gains on cash flow hedges:    
Amounts reclassified from Other comprehensive (loss) income [3] (3.5) (1.5)
Total unrealized net gains on cash flow hedges (3.5) (1.5)
Other comprehensive (loss) income (221.6) 6.0
Comprehensive income $ 100.1 $ 251.2
[1]
The three months ended March 31, 2020 includes unrealized gains of $9.2 million, net of taxes of $(2.9) million, related to the net investment hedges. See Note 12 for additional information.
[2]
Net of taxes of $(0.2) million and $0.1 million in the three months ended March 31, 2020 and 2019, respectively.
[3]
Net of taxes of $1.2 million and $0.5 million in the three months ended March 31, 2020 and 2019, respectively.