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Changes in Equity and Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Changes in Equity and Accumulated Other Comprehensive Loss Changes in Equity and Accumulated Other Comprehensive Loss
A summary of changes in equity for the year-to-date interim periods ended September 30, 2019 and 2018 is provided below:
(in millions, except share data)
Common
Shares
Issued at
Par Value
 
Capital
Surplus
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Treasury
Stock
 
Total
Shareholders’
Equity
 
Noncontrolling
Interest
 
Total
Equity
BALANCE DECEMBER 31, 2017
72.4

 
$
291.7

 
$
1,813.3

 
$
(380.1
)
 
$
(452.1
)
 
$
1,345.2

 
$
3.3

 
$
1,348.5

Net income
—

 
—

 
68.7

 
—

 
—

 
68.7

 
—

 
68.7

Cash dividends ($0.35 per share)
—

 
—

 
(20.9
)
 
—

 
—

 
(20.9
)
 
—

 
(20.9
)
Cumulative effect of adoption ASC 606
—

 
—

 
6.7

 
—

 
—

 
6.7

 
—

 
6.7

Impact from settlement of share-based awards, net of shares acquired
—

 
(9.7
)
 
—

 
—

 
14.2

 
4.5

 
—

 
4.5

Stock-based compensation expense
—

 
5.6

 
—

 
—

 
—

 
5.6

 
—

 
5.6

Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
9.6

 
—

 
9.6

 
—

 
9.6

Currency translation adjustment
—

 
—

 
—

 
25.4

 
—

 
25.4

 
—

 
25.4

BALANCE MARCH 31, 2018
72.4

 
$
287.6

 
$
1,867.8

 
$
(345.1
)
 
$
(437.9
)
 
$
1,444.8

 
$
3.3

 
$
1,448.1

Net income
—

 
—

 
80.7

 
—

 
—

 
80.7

 
—

 
80.7

Cash dividends ($0.35 per share)
—

 
—

 
(20.9
)
 
—

 
—

 
(20.9
)
 
—

 
(20.9
)
Reacquisition of shares on open market
—

 
—

 
—

 
—

 
(25.0
)
 
(25.0
)
 
 
 
(25.0
)
Impact from settlement of share-based awards, net of shares acquired
—

 
—

 
—

 
—

 
0.5

 
0.5

 
—

 
0.5

Stock-based compensation expense
—

 
5.6

 
—

 
—

 
—

 
5.6

 
—

 
5.6

Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
4.5

 
—

 
4.5

 
—

 
4.5

Currency translation adjustment
—

 
—

 
—

 
(46.7
)
 
—

 
(46.7
)
 
(0.2
)
 
(46.9
)
BALANCE JUNE 30, 2018
72.4

 
$
293.2

 
$
1,927.6

 
$
(387.3
)
 
$
(462.4
)
 
$
1,443.5

 
$
3.1

 
$
1,446.6

Net income
—

 
—

 
97.0

 
—

 
—

 
97.0

 
0.1

 
97.1

Cash dividends ($0.35 per share)
—

 
—

 
(20.9
)
 
—

 
—

 
(20.9
)
 
—

 
(20.9
)
Impact from settlement of share-based awards, net of shares acquired
—

 
—

 
—

 
—

 
7.6

 
7.6

 
—

 
7.6

Stock-based compensation expense
—

 
4.9

 
—

 
—

 
—

 
4.9

 
—

 
4.9

Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
2.7

 
—

 
2.7

 
—

 
2.7

Currency translation adjustment
—

 
—

 
—

 
(8.4
)
 
—

 
(8.4
)
 
(0.1
)
 
(8.5
)
BALANCE SEPTEMBER 30, 2018
72.4

 
$
298.1

 
$
2,003.7

 
$
(393.0
)
 
$
(454.8
)
 
$
1,526.4

 
$
3.1

 
$
1,529.5



(in millions, except share data)
Common
Shares
Issued at
Par Value
 
Capital
Surplus
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Treasury
Stock
 
Total
Shareholders’
Equity
 
Noncontrolling
Interest
 
Total
Equity
BALANCE DECEMBER 31, 2018
72.4

 
$
303.5

 
$
2,072.1

 
$
(447.6
)
 
$
(476.2
)
 
$
1,524.2

 
$
2.9

 
$
1,527.1

Net income
—

 
—

 
82.4

 
—

 
—

 
82.4

 
0.1

 
82.5

Cash dividends ($0.39 per share)
—

 
—

 
(23.4
)
 
—

 
—

 
(23.4
)
 
—

 
(23.4
)
Impact from settlement of share-based awards, net of shares acquired
—

 
(9.8
)
 
—

 
—

 
9.6

 
(0.2
)
 
—

 
(0.2
)
Stock-based compensation expense
—

 
5.5

 
—

 
—

 
—

 
5.5

 
—

 
5.5

Deconsolidation of a joint venture
—

 
—

 
—

 
—

 
—

 
—

 
(0.5
)
 
(0.5
)
Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
2.9

 
—

 
2.9

 
—

 
2.9

Currency translation adjustment
—

 
—

 
—

 
(0.8
)
 
—

 
(0.8
)
 
(0.1
)
 
(0.9
)
BALANCE MARCH 31, 2019
72.4

 
$
299.2

 
$
2,131.1

 
$
(445.5
)
 
$
(466.6
)
 
$
1,590.6

 
$
2.4

 
$
1,593.0

Net income
—

 
—

 
91.0

 
—

 
—

 
91.0

 
—

 
91.0

Cash dividends ($0.39 per share)
—

 
—

 
(23.3
)
 
—

 
—

 
(23.3
)
 
—

 
(23.3
)
Impact from settlement of share-based awards, net of shares acquired
—

 
(0.7
)
 
—

 
—

 
2.2

 
1.5

 
—

 
1.5

Stock-based compensation expense
—

 
5.6

 
—

 
—

 
—

 
5.6

 
—

 
5.6

Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
1.9

 
—

 
1.9

 
—

 
1.9

Currency translation adjustment
—

 
—

 
—

 
4.7

 
—

 
4.7

 
—

 
4.7

BALANCE JUNE 30, 2019
72.4

 
$
304.1

 
$
2,198.8

 
$
(438.9
)
 
$
(464.4
)
 
$
1,672.0

 
$
2.4

 
$
1,674.4

Net income
—

 
—

 
72.5

 
—

 
—

 
72.5

 
0.1

 
72.6

Cash dividends ($0.39 per share)
—

 
—

 
(23.4
)
 
—

 
—

 
(23.4
)
 
—

 
(23.4
)
Impact from settlement of share-based awards, net of shares acquired
—

 
0.3

 
—

 
—

 
1.1

 
1.4

 
—

 
1.4

Stock-based compensation expense
—

 
5.7

 
—

 
—

 
—

 
5.7

 
—

 
5.7

Changes in pension and postretirement plan assets and benefit obligation, net of tax
—

 
—

 
—

 
3.0

 
—

 
3.0

 
—

 
3.0

Currency translation adjustment
—

 
—

 
—

 
(33.7
)
 
—

 
(33.7
)
 
—

 
(33.7
)
BALANCE SEPTEMBER 30, 2019
72.4

 
$
310.1

 
$
2,247.9

 
$
(469.6
)
 
$
(463.3
)
 
$
1,697.5

 
$
2.5

 
$
1,700.0


The table below provides the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on our Condensed Consolidated Balance Sheets.
(in millions)
Defined Benefit Pension and Postretirement Items*
 
 Currency Translation Adjustment
 
 Total
Balance as of December 31, 2018
$
(318.3
)
 
$
(129.3
)
 
$
(447.6
)
 
Other comprehensive income (loss) before reclassifications
—

 
(29.8
)
 
(29.8
)
 
Amounts reclassified from accumulated other comprehensive loss
7.8

 
—

 
7.8

Net current-period other comprehensive income (loss)
7.8

 
(29.8
)
 
(22.0
)
Balance as of September 30, 2019
$
(310.5
)
 
$
(159.1
)
 
$
(469.6
)
 
* Net of tax benefit of $119.8 million and $122.2 million as of September 30, 2019 and December 31, 2018, respectively.

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three- and nine-month periods ended September 30, 2019 and 2018. Amortization of pension and postretirement components have been recorded within “Miscellaneous (expense) income, net” on our Condensed Consolidated Statements of Operations.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
 
2019
 
2018
 
2019
 
2018
Amortization of pension items:
 
 
 
 
 
 
 
 
Prior-service costs
 
$
0.1

 
$
(0.1
)
 
$
(0.3
)
 
$
(0.4
)
Net loss
 
4.8

 
3.6

 
11.5

 
10.7

Amortization of postretirement items:
 
 
 
 
 
 
 
 
Prior-service costs
 
(0.8
)
 
—

 
(0.8
)
 
—

Net gain
 
(0.2
)
 
(0.3
)
 
(0.2
)
 
(0.9
)
Total before tax
 
$
3.9

 
$
3.2

 
$
10.2

 
$
9.4

Tax impact
 
0.9

 
0.6

 
2.4

 
2.0

Total reclassifications for the period
 
$
3.0

 
$
2.6

 
$
7.8

 
$
7.4