Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Total Share-based Incentive Compensation Expense

The table below shows our total share-based incentive compensation expense:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2017		2016		2017		2016
Total share-based incentive compensation expense (1)(2)	$	13.7	$	17.0	$	25.3	$	32.0

⁽¹⁾  The amounts included above do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock or the expense or income related to SARs and certain cash-based awards, however, the amounts include the expense related to share based awards that are settled in cash.

⁽²⁾  Of the consolidated share-based incentive compensation expense, $2.7 million and $6.2 million for the three and six months ended June 30, 2017, respectively, and $2.8 million and $6.2 million for the three and six months ended June 30, 2016, respectively, were allocated to net earnings from discontinued operations, net of tax on the Condensed Consolidated Statement of Operations.

Number of PSUs Granted and Grant Date Fair Value of PSUs

The number of PSUs granted and the grant date fair value of the PSUs are shown in the following table:

	TSR		Net Sales CAGR		Adjusted EBITDA
Number of units granted	100,958		99,522		99,522
Fair value on grant date(1)	$	46.07	$	45.36	$	45.36

⁽¹⁾  Certain grants of the 2017 Three-year PSU awards were modified during the three months ended June 30, 2017. The impact to our total share-based incentive compensation expense and Condensed Consolidated Statement of Operations is not material.

Summary of Assumptions Used to Calculate the Grant Date Fair Value

The assumptions used to calculate the grant date fair value of the PSUs based on TSR are shown in the following table:

	TSR portion of the 2017 PSU Award
Expected price volatility	25.0	%
Risk-free interest rate	1.6	%