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STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 843.6 $ 754.7 $ 1,378.3 $ 1,258.6
Other comprehensive income, net of tax:        
Foreign currency translation adjustments [1] (5.3) 176.2 44.3 282.8
Pension and other postretirement benefit adjustments:        
Amounts reclassified from AOCI [2] (1.0) (3.4) (1.9) (6.8)
Unrealized net gains on cash flow hedges:        
Amounts recognized in AOCI [3] 0.0 3.1 0.0 3.1
Amounts reclassified from AOCI [4] (1.0) (0.9) (2.1) (1.8)
Other comprehensive (loss) income, net of tax (7.3) 175.0 40.3 277.3
Comprehensive income $ 836.3 $ 929.7 $ 1,418.6 $ 1,535.9
[1] The three months ended June 30, 2026 and 2025 include unrealized gains (losses), net of taxes of $4.3 million and $(109.0) million, respectively, related to net investment hedges. The six months ended June 30, 2026 and 2025 include unrealized gains (losses), net of taxes of $30.6 million and $(145.3) million, respectively, related to net investment hedges. See Note 12 for further information.
[2] Net of taxes of $0.3 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively. Net of taxes of $0.5 million and $2.2 million for the six months ended June 30, 2026 and 2025, respectively.
[3] Net of taxes of $(1.0) million for the three and six months ended June 30, 2025. See Note 12 for further information.
[4] Net of taxes of $0.4 million and $0.3 million for the three months ended June 30, 2026 and 2025, respectively. Net of taxes of $0.7 million and $0.6 million for the six months ended June 30, 2026 and 2025, respectively.