v3.25.2
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 754.7 $ 889.9 $ 1,258.6 $ 1,395.1
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments [1] 176.2 (66.6) 282.8 (141.9)
Pension and other postretirement benefit adjustments:        
Amounts reclassified from AOCI [2] (3.4) (4.4) (6.8) (8.9)
Unrealized net gains on cash flow hedges:        
Amounts recognized in AOCI [3] 3.1 0.0 3.1 0.0
Amounts reclassified from AOCI [4] (0.9) (0.9) (1.8) (1.8)
Other comprehensive income (loss), net of tax 175.0 (71.9) 277.3 (152.6)
Comprehensive income $ 929.7 $ 818.0 $ 1,535.9 $ 1,242.5
[1] The three months ended June 30, 2025 and 2024 include unrealized (losses) gains, net of taxes of $(109.0) million and $5.8 million, respectively, related to net investment hedges. The six months ended June 30, 2025 and 2024 include unrealized (losses) gains, net of taxes of $(145.3) million and $24.1 million, respectively, related to net investment hedges. See Note 12 for additional information.
[2] Net of taxes of $1.1 million and $1.4 million for the three months ended June 30, 2025 and 2024, respectively. Net of taxes of $2.2 million and $2.9 million for the six months ended June 30, 2025 and 2024, respectively.
[3] Net of taxes of $(1.0) million for the three and six months ended June 30, 2025. See Note 12 for additional information.
[4] Net of taxes of $0.3 million for the three months ended June 30, 2025 and 2024. Net of taxes of $0.6 million for the six months ended June 30, 2025 and 2024.