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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 595.9 $ 471.0 $ 917.6 $ 716.2
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments [1] 34.4 3.4 (184.3) 11.3
Pension and other postretirement benefit adjustments:        
Amounts reclassified from other comprehensive income (loss) [2] 0.7 (0.3) 1.3 (0.7)
Total pension and other postretirement benefit adjustments 0.7 (0.3) 1.3 (0.7)
Unrealized net gains on cash flow hedges:        
Amounts reclassified from other comprehensive income (loss) [3] (1.2) (1.7) (4.7) (3.2)
Total unrealized net gains on cash flow hedges (1.2) (1.7) (4.7) (3.2)
Other comprehensive income (loss) 33.9 1.4 (187.7) 7.4
Comprehensive income $ 629.8 $ 472.4 $ 729.9 $ 723.6
[1] The three months ended June 30, 2020 includes unrealized losses of $(9.3) million, net of taxes of $2.9 million, related to the net investment hedges. The six months ended June 30, 2020 includes unrealized losses of $(0.1) million related to the net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $(0.1) million and $0.2 million in the three months ended June 30, 2020 and 2019, respectively. Net of taxes of $(0.3) million and $0.3 million in the six months ended June 30, 2020 and 2019, respectively.
[3] Net of taxes of $0.2 million and $0.4 million in the three months ended June 30, 2020 and 2019, respectively. Net of taxes of $1.4 million and $0.9 million in the six months ended June 30, 2020 and 2019, respectively.