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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following is a reconciliation of the numerators and denominators of the basic and diluted EPS computations for the years ended December 31: 
 
2016

2015

2014
 
(In millions, except for share and per share data)
Numerator used in basic and diluted EPS:
 
 
 
 
 
 
 
 
Income from continuing operations
$
451.5

 
$
487.5

 
$
354.0

Income from discontinued operations
 
139.7



20.1



46.0

Net income
$
591.2

 
$
507.6

 
$
400.0

Denominator:

 
 

 
 

 
Weighted average number of common shares used in basic EPS

168,248,304



165,090,380



165,823,803

Effect of dilutive shares:

 
 

 
 

 
Potential common stock issuable from stock options and stock awards

2,923,268

 

3,360,963

 

3,308,620

Weighted average number of common shares and dilutive potential common shares used in diluted EPS

171,171,572

 

168,451,343

 

169,132,423
Summary of Accumulated Other Comprehensive Losses
The following is a summary of accumulated other comprehensive losses as of December 31:
 
2016

2015
Foreign currency translation adjustment
$
(561.4
)

$
(165.8
)
Unrealized gains on available-for-sale securities, net of tax

0.3



—

Pension and postretirement adjustment, net of tax

(89.7
)


(76.2
)
Accumulated other comprehensive losses
$
(650.8
)

$
(242.0
)
The pre-tax components included within accumulated other comprehensive losses as of December 31 are summarized below:
 
Pension Plan and SERP

Postretirement Plan
 
2016

2015

2016

2015
Prior service benefit cost (credit)
$
3.7


$
3.8


$
(0.8
)

$
(0.9
)
Actuarial losses

139.6



116.4



5.2



6.7

Accumulated other comprehensive losses, pretax
$
143.3


$
120.2


$
4.4


$
5.8
Schedule of Amounts Recognized in Other Comprehensive Income
The before tax and after tax amounts of other comprehensive loss for the years ended December 31, 2016, 2015 and 2014 are summarized below:

Before Tax

Tax Benefit
(Expense)

After Tax
December 31, 2016








Foreign currency translation adjustment
$
(395.6
)

$
—


$
(395.6
)
Unrealized holding gain on available-for-sale securities before reclassifications

0.5



(0.2
)


0.3

Amount reclassified from accumulated other comprehensive losses (1)

—



—



—

Unrealized holding gain on available-for-sale securities

0.5



(0.2
)


0.3

Pension and postretirement adjustment before reclassifications

(18.1
)


6.8



(11.3
)
Amortization of net actuarial loss and prior service benefit reclassified from accumulated other comprehensive losses (2)

(3.6
)


1.4



(2.2
)
Pension and postretirement adjustment

(21.7
)


8.2



(13.5
)
Total other comprehensive loss
$
(416.8
)

$
8.0


$
(408.8
)
December 31, 2015








Foreign currency translation adjustment
$
(162.7
)

$
—


$
(162.7
)
Unrealized holding gain on available-for-sale securities before reclassifications

0.4



(0.2
)


0.2

Amount reclassified from accumulated other comprehensive losses (1)

(0.2
)


0.1



(0.1
)
Unrealized holding gain on available-for-sale securities

0.2



(0.1
)


0.1

Pension and postretirement adjustment before reclassifications

5.3



(2.2
)


3.1

Amortization of net actuarial loss and prior service benefit reclassified from accumulated other comprehensive losses (2)

(3.3
)


1.3



(2.0
)
Pension and postretirement adjustment

2.0



(0.9
)


1.1

Total other comprehensive loss
$
(160.5
)

$
(1.0
)

$
(161.5
)
December 31, 2014








Foreign currency translation adjustment
$
(1.3
)

$
—


$
(1.3
)
Unrealized holding loss on available-for-sale securities before reclassifications

(0.3
)


0.1



(0.2
)
Amount reclassified from accumulated other comprehensive losses (1)

0.3



(0.1
)


0.2

Unrealized holding loss on available-for-sale securities

—



—



—

Pension and postretirement adjustment before reclassifications

(56.6
)


21.6



(35.0
)
Amortization of net actuarial loss and prior service benefit reclassified from accumulated other comprehensive losses (2)

(1.2
)


0.5



(0.7
)
Pension and postretirement adjustment

(57.8
)


22.1



(35.7
)
Total other comprehensive loss
$
(59.1
)

$
22.1


$
(37.0
)

(1) This accumulated other comprehensive losses component, before tax, is included under “Investment income and others, net” in the accompanying consolidated statements of operations.
(2) This accumulated other comprehensive losses component, before tax, is included under “Cost of revenues” and “Selling, general and administrative” in the accompanying consolidated statements of operations. This component is also included in the computation of net periodic benefit (credit) cost (see Note 17 Pension and Postretirement Benefits for additional details).