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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2017
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 three months ended March 31, 2017 and 2016:
 
Three Months Ended March 31,
 
2017
 
2016
Numerator used in basic and diluted EPS:
 
 
 
 
 
Income from continuing operations
$
108.8

 
$
109.7

Loss from discontinued operations (Note 5)
 
—

 
 
(17.1
)
Net income
$
108.8

 
$
92.6

Denominator:
 
 
 
 
 
Weighted average number of common shares used in basic EPS
 
166,442,991

 
 
168,453,750

Effect of dilutive shares:
 
 
 
 

Potential common shares issuable from stock options and stock awards
 
3,707,871

 
 
3,027,134

Weighted average number of common shares and dilutive potential common
shares used in diluted EPS
 
170,150,862

 
 
171,480,884
Summary of Accumulated Other Comprehensive Losses
The following is a summary of accumulated other comprehensive losses as of March 31, 2017 and December 31, 2016:
 
2017

2016
Foreign currency translation adjustment
$
(528.3
)
 
$
(561.4
)
Unrealized holding gains on available-for-sale securities, net of tax
 
0.4

 
 
0.3

Pension and postretirement adjustment, net of tax
 
(89.0
)
 
 
(89.7
)
Accumulated other comprehensive losses
$
(616.9
)
 
$
(650.8
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The before tax and after tax amounts of other comprehensive income for the three months ended March 31, 2017 and 2016 are summarized below:

Before Tax

Tax (Expense) Benefit

After Tax
For the Three Months Ended March 31, 2017








Foreign currency translation adjustment
$
33.1


$
—


$
33.1

Unrealized holding gain on available-for-sale securities before
reclassifications

0.2



(0.1
)


0.1

Amount reclassified from accumulated other comprehensive losses
(1)

—



—



—

Unrealized holding gain on available-for-sale securities

0.2



(0.1
)


0.1

Pension and postretirement adjustment before reclassifications

2.3



(0.9
)


1.4

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

1.1



(0.4
)


0.7

Total other comprehensive gain
$
34.4


$
(0.5
)

$
33.9

For the Three Months Ended March 31, 2016








Foreign currency translation adjustment
$
(75.3
)

$
—


$
(75.3
)
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

1.7



(0.7
)


1.0

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

(0.9
)


0.4



(0.5
)
Pension and postretirement adjustment

0.8



(0.3
)


0.5

Total other comprehensive loss
$
(74.3
)

$
(0.4
)

$
(74.7
)
_______________
(1)
This accumulated other comprehensive loss component, before tax, is included under “Investment income and others, net” in the accompanying condensed consolidated statements of operations.
(2)
These accumulated other comprehensive loss components, before tax, are included under “Cost of revenues” and “Selling, general and administrative” in the accompanying condensed consolidated statements of operations. These components are also included in the computation of net periodic (benefit) cost (see Note 11 Pension and Postretirement Benefits for additional details).