XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.3
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 761.5 $ 685.1 $ 2,032.6 $ 1,633.8
Other comprehensive loss, net of tax:        
Foreign currency translation adjustments [1] (99.6) (148.0) (39.5) (364.7)
Pension and other postretirement benefit adjustments:        
Amounts reclassified from AOCI [2] (4.6) 1.0 (13.6) 3.5
Unrealized net gains on cash flow hedges:        
Amounts reclassified from AOCI [3] (0.9) (0.9) (2.7) (2.9)
Other comprehensive loss (105.1) (147.9) (55.8) (364.1)
Comprehensive income $ 656.4 $ 537.2 $ 1,976.8 $ 1,269.7
[1] The three months ended September 30, 2023 and 2022 include unrealized gains, net of taxes, of $24.2 million and $30.9 million, respectively, related to net investment hedges. The nine months ended September 30, 2023 and 2022 include unrealized gains, net of taxes, of $11.4 million and $69.8 million, respectively, related to net investment hedges. See Note 13 for additional information.
[2] Net of taxes of $1.6 million and $(0.3) million for the three months ended September 30, 2023 and 2022, respectively. Net of taxes of $4.6 million and $(1.1) million for the nine months ended September 30, 2023 and 2022, respectively.
[3] Net of taxes of $0.3 million for the three months ended September 30, 2023 and 2022, respectively. Net of taxes of $0.9 million and $1.0 million for the nine months ended September 30, 2023 and 2022, respectively.