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Statements of Consolidated Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 2,681.4 $ 2,388.8 $ 2,020.1
Other comprehensive (loss) income, net of tax:      
Foreign currency translation adjustments [1] (256.0) 93.9 (108.7)
Pension and other postretirement benefit adjustments:      
Amounts recognized in AOCI [2] 23.0 3.9 106.8
Amounts reclassified from AOCI [3] (14.2) (17.9) 3.7
Pension and other postretirement benefit adjustments 8.8 (14.0) 110.5
Unrealized net gains on cash flow hedges:      
Amounts reclassified from AOCI [4] (3.7) (3.6) (4.0)
Other comprehensive (loss) income, net of tax (250.9) 76.3 (2.2)
Comprehensive income $ 2,430.5 $ 2,465.1 $ 2,017.9
[1] The years ended December 31, 2024, 2023 and 2022 include unrealized gains (losses), net of taxes, of $53.6 million, $(24.9) million and $34.1 million, respectively, related to net investment hedges. See Note 16.
[2] Net of taxes of $(6.6) million, $(2.8) million and $(33.8) million in 2024, 2023 and 2022, respectively.
[3] Net of taxes of $4.6 million, $5.9 million and $(1.2) million in 2024, 2023 and 2022, respectively
[4] Net of taxes of $1.2 million in 2024 and 2023 and $1.1 million in 2022.