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Equity
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity
Share Repurchases
In October 2020 our Board of Directors authorized our 2020 Share Repurchase Program, which is a program to repurchase up to $5.0 billion of our common stock. Our 2020 Share Repurchase Program does not have an expiration date. All share repurchases under our 2020 Share Repurchase Program will be retired. There were no share repurchases of our common stock during the three months ended March 31, 2024 and 2023. Approximately $2.1 billion remained available under our 2020 Share Repurchase Program as of March 31, 2024.
Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in AOCI, net of tax by component:
March 31, 2024
(In millions)Unrealized Gains (Losses) on Securities Available for Sale, Net of TaxUnrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency Translation AdjustmentsTotal
Balance, December 31, 2023$— $(25.0)$(2.6)$(126.1)$(153.7)
Other comprehensive income (loss) before reclassifications— 15.4 (0.1)(21.4)(6.1)
Amounts reclassified from AOCI— (0.7)— — (0.7)
Net current period other comprehensive income (loss)— 14.7 (0.1)(21.4)(6.8)
Balance, March 31, 2024$— $(10.3)$(2.7)$(147.5)$(160.5)
March 31, 2023
(In millions)Unrealized Gains (Losses) on Securities Available for Sale, Net of TaxUnrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency Translation AdjustmentsTotal
Balance, December 31, 2022$(15.7)$15.1 $(1.1)$(163.2)$(164.9)
Other comprehensive income (loss) before reclassifications5.3 (20.3)0.5 22.1 7.6 
Amounts reclassified from AOCI0.4 (15.1)— — (14.7)
Net current period other comprehensive income (loss)5.7 (35.4)0.5 22.1 (7.1)
Balance, March 31, 2023$(10.0)$(20.3)$(0.6)$(141.1)$(172.0)
The following table summarizes the amounts reclassified from AOCI:
(In millions)Amounts Reclassified from AOCIIncome Statement Location
For the Three Months Ended March 31,
20242023
Gains (losses) on securities available for sale$— $(0.5)Other (income) expense
— 0.1 Income tax (benefit) expense
Gains (losses) on cash flow hedges2.9 17.6 Revenue
(2.1)(0.5)Operating expense
0.1 (0.1)Other (income) expense
(0.2)(1.9)Income tax (benefit) expense
Total reclassifications, net of tax$0.7 $14.7