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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 685.1 $ 502.2 $ 1,633.8 $ 1,560.4
Other comprehensive loss, net of tax:        
Foreign currency translation adjustments [1] (148.0) (86.2) (364.7) (69.9)
Pension and other postretirement benefit adjustments:        
Amounts reclassified from AOCI [2] 1.0 1.4 3.5 4.6
Unrealized net gains on cash flow hedges:        
Amounts reclassified from AOCI [3] (0.9) (0.7) (2.9) (3.1)
Other comprehensive loss (147.9) (85.5) (364.1) (68.4)
Comprehensive income $ 537.2 $ 416.7 $ 1,269.7 $ 1,492.0
[1] The three months ended September 30, 2022 and 2021 include unrealized gains, net of taxes, of $30.9 million and $14.5 million, respectively, related to net investment hedges. The nine months ended September 30, 2022 and 2021 include unrealized gains, net of taxes, of $69.8 million and $31.6 million, respectively, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $(0.3) million and $(0.6) million in the three months ended September 30, 2022 and 2021, respectively. Net of taxes of $(1.1) million and $(1.7) million in the nine months ended September 30, 2022 and 2021, respectively.
[3] Net of taxes of $0.3 million and $0.6 million in the three months ended September 30, 2022 and 2021, respectively. Net of taxes of $1.0 million in the nine months ended September 30, 2022 and 2021.