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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net income $ 2,568.5 $ 2,681.4 $ 2,388.8
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments [1] 253.5 (256.0) 93.9
Pension and other postretirement benefit adjustments:      
Amounts recognized in AOCI [2] (2.1) 23.0 3.9
Amounts reclassified from AOCI [3] (11.5) (14.2) (17.9)
Total (13.6) 8.8 (14.0)
Unrealized net gains on cash flow hedges:      
Amounts recognized in AOCI [4] 4.7 0.0 0.0
Amounts reclassified from AOCI [5] (3.8) (3.7) (3.6)
Total 0.9 (3.7) (3.6)
Other comprehensive income (loss), net of tax 240.8 (250.9) 76.3
Comprehensive income $ 2,809.3 $ 2,430.5 $ 2,465.1
[1] The years ended December 31, 2025, 2024 and 2023 include unrealized (losses) gains, net of taxes, of $(129.2) million, $53.6 million and $(24.9) million, respectively, related to net investment hedges. See Note 16 for further information.
[2] Net of taxes of $2.0 million, $(6.6) million and $(2.8) million in 2025, 2024 and 2023, respectively.
[3] Net of taxes of $3.8 million, $4.6 million and $5.9 million in 2025, 2024 and 2023, respectively
[4] Net of taxes of $(1.5) million in 2025. See Note 16 for further information.
[5] Net of taxes of $1.3 million in 2025 and $1.2 million in 2024 and 2023.