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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 705.8 $ 576.5 $ 1,623.4 $ 1,292.7
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments [1] 75.2 (131.9) (109.1) (120.6)
Pension and other postretirement benefit adjustments:        
Amounts reclassified from other comprehensive income (loss) [2] 0.6 (0.4) 1.9 (1.1)
Total pension and other postretirement benefit adjustments 0.6 (0.4) 1.9 (1.1)
Unrealized net gains on cash flow hedges:        
Amounts reclassified from other comprehensive income (loss) [3] (0.9) (4.0) (5.6) (7.2)
Total unrealized net gains on cash flow hedges (0.9) (4.0) (5.6) (7.2)
Other comprehensive income (loss) 74.9 (136.3) (112.8) (128.9)
Comprehensive income $ 780.7 $ 440.2 $ 1,510.6 $ 1,163.8
[1] The three months ended September 30, 2020 includes unrealized losses of $(26.3) million, net of taxes of $8.7 million, related to net investment hedges. The three months ended September 30, 2019 includes unrealized gains of $13.9 million, net of taxes of $(4.6) million, related to net investment hedges. The nine months ended September 30, 2020 includes unrealized losses of $(26.4) million, net of taxes of $8.7 million, related to net investment hedges. The nine months ended September 30, 2019 includes unrealized gains of $8.9 million, net of taxes of $(2.9) million, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $(0.2) million and $0.2 million in the three months ended September 30, 2020 and 2019, respectively. Net of taxes of $(0.5) million and $0.5 million in the nine months ended September 30, 2020 and 2019, respectively.
[3] Net of taxes of $0.4 million and $1.7 million in the three months ended September 30, 2020 and 2019, respectively. Net of taxes of $1.8 million and $2.6 million in the nine months ended September 30, 2020 and 2019, respectively.