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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 577.9 $ 648.6 $ 948.7 $ 1,058.2
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments [1] (173.1) 62.6 (216.7) 16.3
Pension and other postretirement benefit adjustments:        
Amounts reclassified from AOCI [2] 1.5 1.4 2.5 3.2
Unrealized net gains on cash flow hedges:        
Amounts reclassified from AOCI [3] (1.0) (1.4) (2.0) (2.4)
Other comprehensive (loss) income (172.6) 62.6 (216.2) 17.1
Comprehensive income $ 405.3 $ 711.2 $ 732.5 $ 1,075.3
[1] The three months ended June 30, 2022 and 2021 include unrealized gains (losses), net of taxes, of $30.8 million and $(6.0) million, respectively, related to net investment hedges. The six months ended June 30, 2022 and 2021 include unrealized gains, net of taxes, of $38.9 million and $17.1 million, respectively, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $(0.6) million and $(0.3) million in the three months ended June 30, 2022 and 2021, respectively. Net of taxes of $(0.8) million and $(1.1) million in the six months ended June 30, 2022 and 2021, respectively.
[3] Net of taxes of $0.4 million and $0.1 million in the three months ended June 30, 2022 and 2021, respectively. Net of taxes of $0.7 million and $0.4 million in the six months ended June 30, 2022 and 2021, respectively.