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Changes in Equity and Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Changes in Equity and Comprehensive Income
Changes in Equity and Accumulated Other Comprehensive Income
A summary of the changes in equity for the three months ended March 31, 2016 and 2015 is provided below:
 
Three Months Ended March 31,
 
2016
 
2015
(in millions)
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
 
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
Balance, beginning of period
$
1,139.4

 
$
11.4

 
$
1,150.8

 
$
1,059.8

 
$
10.8

 
$
1,070.6

Dividends
(19.2
)
 
—

 
(19.2
)
 
(19.1
)
 
—

 
(19.1
)
Reacquisition on open market
—

 
—

 
—

 
(25.0
)
 
—

 
(25.0
)
Exercise of stock options, net of shares reacquired
(1.4
)
 
—

 
(1.4
)
 
6.7

 
—

 
6.7

Stock compensation expense
6.1

 
—

 
6.1

 
5.8

 
—

 
5.8

Excess tax benefit (shortfall) from stock based compensation
(0.3
)
 
—

 
(0.3
)
 
0.9

 
—

 
0.9

Net income
55.0

 
0.2

 
55.2

 
51.1

 
0.3

 
51.3

Other comprehensive income (loss)
33.6

 
0.1

 
33.7

 
(68.7
)
 
(0.2
)
 
(68.9
)
Comprehensive income (loss)
88.6

 
0.3

 
88.9

 
(17.7
)
 
0.1

 
(17.6
)
Balance, end of period
$
1,213.2

 
$
11.7

 
$
1,224.9

 
$
1,011.4

 
$
10.9

 
$
1,022.3


The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), 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, 2015
$
(266.2
)
 
$
(110.6
)
 
$
(376.7
)
 
Other comprehensive loss before reclassifications
0.1

 
31.7

 
31.8

 
Amounts reclassified from accumulated other comprehensive income
1.8

 
—

 
1.8

Net current-period other comprehensive income (loss)
1.9

 
31.7

 
33.6

Balance as of March 31, 2016
$
(264.3
)
 
$
(78.9
)
 
$
(343.1
)
 
* Net of tax benefit of $109.1 million and $109.8 million for March 31, 2016 and December 31, 2015, respectively.

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended March 31, 2016 and 2015.
Details of Accumulated Other Comprehensive Income Components (in millions)
 
Amounts Reclassified from Accumulated Other Comprehensive Income
 
Affected Line Item in the Statement of Operations
 
 
Three Months Ended March 31,
 
 
 
 
2016
 
2015
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Prior-service costs
 
$
(0.2
)
 
$
—

 
$(0.3) has been recorded within Cost of sales for the three months ended March 31, 2016 and $0.1 has been recorded within Selling, general & administrative for the three months ended March 31, 2016.
Net loss
 
2.9

 
3.1

 
$3.9 and $4.2 has been recorded within Cost of sales for the three months ended March 31, 2016 and 2015, respectively, and $(1.0) and $(1.1) has been recorded within Selling, general & administrative for the three months ended March 31, 2016 and 2015, respectively
Amortization of other postretirement items:
 
 
 
 
 
 
Prior-service costs
 
(0.1
)
 
(0.1
)
 
Recorded within Selling, General & Administrative
Net gain
 
(0.1
)
 
(0.1
)
 
Recorded within Selling, General & Administrative
 
 
$
2.5

 
$
2.9

 
Total before tax
 
 
0.7

 
1.0

 
Tax benefit
Total reclassifications for the period
 
$
1.8

 
$
1.9

 
Net of tax