| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the three months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | | Net Unrealized Gains (Losses) on Available-For-Sale Securities | | Retirement Benefit Plans | | Net Unrealized Gains (Losses) on Cash Flow Hedges | | | | Accumulated Other Comprehensive Loss | Balance at April 1, 2025 | $ | (1,823.6) | | | $ | (23.3) | | | $ | (2,181.5) | | | $ | 253.8 | | | | | $ | (3,774.6) | | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | 60.9 | | | 2.0 | | | (28.6) | | | 2.1 | | | | | 36.4 | | | Net amount reclassified from accumulated other comprehensive loss | 4.9 | | | — | | | 16.7 | | | 0.6 | | | | | 22.2 | | | Net other comprehensive income (loss) | 65.8 | | | 2.0 | | | (11.9) | | | 2.7 | | | | | 58.6 | | | | | | | | | | | | | | Balance at June 30, 2025 | $ | (1,757.8) | | | $ | (21.3) | | | $ | (2,193.4) | | | $ | 256.5 | | | | | $ | (3,716.0) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | | Net Unrealized Gains (Losses) on Available-For-Sale Securities | | Retirement Benefit Plans | | Net Unrealized Gains (Losses) on Cash Flow Hedges | | | | Accumulated Other Comprehensive Loss | Balance at April 1, 2024 | $ | (1,897.0) | | | $ | (30.9) | | | $ | (2,658.7) | | | $ | 287.1 | | | | | $ | (4,299.5) | | | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | (104.6) | | | (1.8) | | | 1.2 | | | 1.5 | | | | | (103.7) | | | Net amount reclassified from accumulated other comprehensive loss | — | | | 0.1 | | | 23.9 | | | 0.7 | | | | | 24.7 | | | Net other comprehensive income (loss) | (104.6) | | | (1.7) | | | 25.1 | | | 2.2 | | | | | (79.0) | | | | | | | | | | | | | | Balance at June 30, 2024 | $ | (2,001.6) | | | $ | (32.6) | | | $ | (2,633.6) | | | $ | 289.3 | | | | | $ | (4,378.5) | |
The following tables summarize the activity related to each component of other comprehensive income (loss) during the six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | | Net Unrealized Gains (Losses) on Available-For-Sale Securities | | Retirement Benefit Plans | | Net Unrealized Gains (Losses) on Cash Flow Hedges | | Accumulated Other Comprehensive Loss | Balance at January 1, 2025 | $ | (2,389.6) | | | $ | (31.7) | | | $ | (2,178.7) | | | $ | 278.1 | | | $ | (4,321.9) | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | 596.3 | | | 9.8 | | | (47.6) | | | (22.7) | | | 535.8 | | | Net amount reclassified from accumulated other comprehensive loss | 35.5 | | | 0.6 | | | 32.9 | | | 1.1 | | | 70.1 | | | Net other comprehensive income (loss) | 631.8 | | | 10.4 | | | (14.7) | | | (21.6) | | | 605.9 | | | | | | | | | | | | Balance at June 30, 2025 | $ | (1,757.8) | | | $ | (21.3) | | | $ | (2,193.4) | | | $ | 256.5 | | | $ | (3,716.0) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts presented net of taxes) | Foreign Currency Translation Gains (Losses) | | Net Unrealized Gains (Losses) on Available-For-Sale Securities | | Retirement Benefit Plans | | Net Unrealized Gains (Losses) on Cash Flow Hedges | | Accumulated Other Comprehensive Loss | Balance at January 1, 2024 | $ | (1,819.0) | | | $ | (26.2) | | | $ | (2,697.3) | | | $ | 215.5 | | | $ | (4,327.0) | | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | (192.8) | | | (6.6) | | | 16.8 | | | 73.5 | | | (109.1) | | | Net amount reclassified from accumulated other comprehensive loss | 10.2 | | | 0.2 | | | 46.9 | | | 0.3 | | | 57.6 | | | Net other comprehensive income (loss) | (182.6) | | | (6.4) | | | 63.7 | | | 73.8 | | | (51.5) | | | | | | | | | | | | Balance at June 30, 2024 | $ | (2,001.6) | | | $ | (32.6) | | | $ | (2,633.6) | | | $ | 289.3 | | | $ | (4,378.5) | |
The tax effects on the net activity related to each component of other comprehensive income (loss) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Tax benefit (expense) | 2025 | | 2024 | | 2025 | | 2024 | | Foreign currency translation gains/losses | $ | 303.7 | | | $ | (16.2) | | | $ | 417.1 | | | $ | (68.2) | | | Net unrealized gains/losses on available-for-sale securities | (0.2) | | | 0.6 | | | (2.8) | | | 2.0 | | | Retirement benefit plans | 4.0 | | | (5.3) | | | 2.5 | | | (0.5) | | | Net unrealized gains/losses on cash flow hedges | (0.7) | | | (0.5) | | | 5.8 | | | (19.5) | | | Benefit (expense) for income taxes allocated to other comprehensive income (loss) | $ | 306.8 | | | $ | (21.4) | | | $ | 422.6 | | | $ | (86.2) | |
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| Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss |
Reclassifications out of accumulated other comprehensive loss were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Details about Accumulated Other Comprehensive Loss Components | Three Months Ended June 30, | | Six Months Ended June 30, | Affected Line Item in the Consolidated Condensed Statements of Operations | | | 2025 | | 2024 | | 2025 | | 2024 | | Amortization of retirement benefit items: | | | | | | | | | Prior service costs (benefits), net | $ | 0.4 | | | $ | (0.9) | | | $ | 0.8 | | | $ | (1.8) | | Other–net, (income) expense | | Actuarial losses, net | 20.8 | | | 31.1 | | | 40.9 | | | 61.1 | | Other–net, (income) expense | | Total before tax | 21.2 | | | 30.2 | | | 41.7 | | | 59.3 | | | | Tax benefit | (4.5) | | | (6.3) | | | (8.8) | | | (12.4) | | Income taxes | | Net of tax | 16.7 | | | 23.9 | | | 32.9 | | | 46.9 | | | | | | | | | | | | Other, net of tax | 5.5 | | | 0.8 | | | 37.2 | | | 10.7 | | Other–net, (income) expense | | | | | | | | | | | Total reclassifications, net of tax | $ | 22.2 | | | $ | 24.7 | | | $ | 70.1 | | | $ | 57.6 | | |
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