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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 503.9 $ 505.2
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustments [1] 106.6 (75.3)
Pension and other postretirement benefit adjustments:    
Amounts reclassified from AOCI [2] (3.4) (4.5)
Unrealized net gains on cash flow hedges:    
Amounts reclassified from AOCI [3] (0.9) (0.9)
Other comprehensive income (loss), net of tax 102.3 (80.7)
Comprehensive income $ 606.2 $ 424.5
[1] The three months ended March 31, 2025 and 2024 include unrealized (losses) gains, net of taxes, of $(36.3) million and $18.3 million, respectively, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $1.1 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively.
[3] Net of taxes of $0.3 million for the three months ended March 31, 2025 and 2024.