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Statements of Consolidated Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 2,388.8 $ 2,020.1 $ 1,864.4
Other comprehensive income, net of tax:      
Foreign currency translation adjustments [1] 93.9 (108.7) (30.6)
Pension and other postretirement benefit adjustments:      
Amounts recognized in AOCI [2] 3.9 106.8 48.7
Amounts reclassified from AOCI [3] (17.9) 3.7 6.3
Pension and other postretirement benefit adjustments (14.0) 110.5 55.0
Unrealized net gains on cash flow hedges:      
Amounts reclassified from AOCI [4] (3.6) (4.0) (4.5)
Other comprehensive income (loss), net of tax 76.3 (2.2) 19.9
Comprehensive income $ 2,465.1 $ 2,017.9 $ 1,884.3
[1] The years ended December 31, 2023, 2022 and 2021 include unrealized (losses) gains, net of taxes, of $(24.9) million, $34.1 million and $37.1 million, respectively, related to net investment hedges. See Note 17.
[2] Net of taxes of $(2.8) million, $(33.8) million and $(12.6) million in 2023, 2022 and 2021, respectively.
[3] Net of taxes of $5.9 million, $(1.2) million and $(2.1) million in 2023, 2022 and 2021, respectively
[4] Net of taxes of $1.2 million, $1.1 million and $1.0 million in 2023, 2022 and 2021, respectively.