Shareholders' Equity

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders’ Equity

The following table presents the changes in shareholders’ equity for the three months ended March 31, 2020:

	Common Shares Issued	Common Stock		Capital in Excess of Par Value		Number of Treasury Shares	Treasury Stock		Retained earnings		Accumulated other comprehensive loss		Total
(in millions)
Balance, December 31, 2019	75.3	$	18.8	$	272.7	1.2	$	(118.1)	$	1,549.4	$	(149.6)	$	1,573.2
Effect of modified retrospective application of a new accounting standard (see Note 2)	—	—		—		—	—		(0.1)		—		(0.1)
Net income	—	—		—		—	—		74.3		—		74.3
Activity related to stock-based compensation	—	—		(5.1)		(0.3)	17.9		—		—		12.8
Shares purchased under share repurchase program	—	—		—		0.8	(115.5)		—		—		(115.5)
Dividends declared ($0.16 per share)	—	—		—		—	—		(11.8)		—		(11.8)
Other comprehensive loss, net of tax	—	—		—		—	—		—		(42.7)		(42.7)
Balance, March 31, 2020	75.3	$	18.8	$	267.6	1.7	$	(215.7)	$	1,611.8	$	(192.3)	$	1,490.2

The following table presents the changes in shareholders’ equity for the three months ended March 31, 2019:

	Common Shares Issued	Common Stock		Capital in Excess of Par Value		Number of Treasury Shares	Treasury Stock		Retained earnings		Accumulated other comprehensive loss		Total
(in millions)
Balance, December 31, 2018	75.3	$	18.8	$	282.0	1.2	$	(103.7)	$	1,353.4	$	(154.2)	$	1,396.3
Net income	—	—		—		—	—		55.4		—		55.4
Activity related to stock-based compensation	—	—		(3.5)		(0.2)	14.2		—		—		10.7
Shares purchased under share repurchase program	—	—		—		0.8	(83.1)		—		—		(83.1)
Dividends declared ($0.15 per share)	—	—		—		—	—		(10.6)		—		(10.6)
Other comprehensive income, net of tax	—	—		—		—	—		—		0.8		0.8
Balance, March 31, 2019	75.3	$	18.8	$	278.5	1.8	$	(172.6)	$	1,398.2	$	(153.4)	$	1,369.5