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Changes in Equity and Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2014
Summary Of Changes In Equity
A summary of the changes in equity for the three months ended March 31, 2015 and 2014 is provided below:
 
Three Months Ended March 31,
 
2015
 
2014
(in millions)
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
 
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
Balance, beginning of period
$
1,059.8

 
$
10.8

 
$
1,070.6

 
$
1,204.3

 
$
10.4

 
$
1,214.7

Dividends
(19.1
)
 

 
(19.1
)
 
(17.6
)
 

 
(17.6
)
Reacquisition on open market
(25.0
)
 

 
(25.0
)
 

 

 

Exercise of stock options, net of shares reacquired
6.7

 

 
6.7

 
3.8

 

 
3.8

Stock compensation expense
5.8

 

 
5.8

 
5.6

 

 
5.6

Excess tax benefit from stock based compensation
0.9

 

 
0.9

 
5.1

 

 
5.1

Net income
51.1

 
0.3

 
51.3

 
48.7

 
0.2

 
48.9

Other comprehensive loss
(68.7
)
 
(0.2
)
 
(68.9
)
 
(1.0
)
 

 
(1.0
)
Comprehensive (loss) income
(17.7
)
 
0.1

 
(17.6
)
 
47.7

 
0.2

 
47.8

Balance, end of period
$
1,011.4

 
$
10.9

 
$
1,022.3

 
$
1,248.9

 
$
10.5

 
$
1,259.4

Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets
The table below provides the accumulated balances for each classification of accumulated other comprehensive (loss) income, as reflected on the Condensed Consolidated Balance Sheets.
 
(in millions)
Defined Benefit Pension and Other Postretirement Items*
 
 Currency Translation Adjustment
 
 Total
 
 
 
 
 
 
 
Balance as of December 31, 2014
$
(257.8
)
 
$
(40.9
)
 
$
(298.8
)
 
Other comprehensive income (loss) before reclassifications

 
(70.7
)
 
(70.7
)
 
Amounts reclassified from accumulated other comprehensive income
2.0

 

 
2.0

Net current-period other comprehensive income (loss)
2.0

 
(70.7
)
 
(68.7
)
Balance as of March 31, 2015
$
(255.8
)
 
$
(111.6
)
 
$
(367.5
)
 
* Net of tax benefit of $113.5 million and $114.4 million for March 31, 2015 and December 31, 2014, respectively.