XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.2
Changes in Equity and Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Summary Of Changes In Equity
A summary of changes in equity for the year-to-date interim periods ended September 30, 2021 and 2020 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
Share- holders’
Equity
Non-controlling
Interest
Total
Equity
BALANCE DECEMBER 31, 202072.4 $330.7 $2,192.8 $(466.4)$(600.6)$1,528.9 $2.2 $1,531.1 
Net income— — 108.4 — — 108.4 — 108.4 
Cash dividends ($0.43 per share)
— — (25.0)— — (25.0)— (25.0)
Impact from settlement of share-based awards, net of shares acquired— (2.3)— — 9.5 7.2 — 7.2 
Stock-based compensation expense— 6.3 — — — 6.3 — 6.3 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 4.9 — 4.9 — 4.9 
Currency translation adjustment— — — (35.7)— (35.7)0.8 (34.9)
BALANCE MARCH 31, 202172.4 $334.7 $2,276.2 $(497.2)$(591.1)$1,595.0 $3.0 $1,598.0 
Net income— — 138.3 — — 138.3 — 138.3 
Cash dividends ($0.43 per share)
— — (25.2)— — (25.2)— (25.2)
Impact from settlement of share-based awards, net of shares acquired— 7.6 — — (9.5)(1.9)— (1.9)
Stock-based compensation expense— 6.1 — — — 6.1 — 6.1 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 5.2 — 5.2 — 5.2 
Currency translation adjustment— — — 7.7 — 7.7 (0.1)7.6 
BALANCE JUNE 30, 202172.4 $348.4 $2,389.3 $(484.3)$(600.6)$1,725.2 $2.9 $1,728.1 
Net income— — 116.6 — — 116.6 — 116.6 
Cash dividends ($0.43 per share)
— — (25.3)— — (25.3)— (25.3)
Impact from settlement of share-based awards, net of shares acquired— 2.0 — — 2.6 4.6 — 4.6 
Stock-based compensation expense— 6.0 — — — 6.0 — 6.0 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 5.2 — 5.2 — 5.2 
Currency translation adjustment— — — (24.7)— (24.7)(0.1)(24.8)
BALANCE SEPTEMBER 30, 202172.4 $356.4 $2,480.6 $(503.8)$(598.0)$1,807.6 $2.8 $1,810.4 
(in millions, except share data)Common
Shares
Issued at
Par Value
Capital
Surplus
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Total
Share- holders’
Equity
Non-controlling
Interest
Total
Equity
BALANCE DECEMBER 31, 201972.4 $315.6 $2,112.2 $(483.7)$(542.8)$1,473.7 $2.6 $1,476.3 
Net income— — 62.8 — — 62.8 — 62.8 
Cash dividends ($0.43 per share)
— — (25.5)— — (25.5)— (25.5)
Reacquisition on open market of 1,221,233 shares
— — — — (70.0)(70.0)— (70.0)
Impact from settlement of share-based awards, net of shares acquired— (6.0)— — 6.0 — — — 
Stock-based compensation expense— 5.8 — — — 5.8 — 5.8 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 3.6 — 3.6 — 3.6 
Currency translation adjustment— — — (45.2)— (45.2)(0.3)(45.5)
BALANCE MARCH 31, 202072.4 $315.4 $2,149.5 $(525.3)$(606.8)$1,405.2 $2.3 $1,407.5 
Net income— — 14.8 — — 14.8 — $14.8 
Cash dividends ($0.43 per share)
— — (24.9)— — (24.9)— (24.9)
Impact from settlement of share-based awards, net of shares acquired— (1.4)— — 1.9 0.5 — 0.5 
Stock-based compensation expense— 4.7 — — — 4.7 — 4.7 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 3.6 — 3.6 — 3.6 
Currency translation adjustment— — — 17.2 — 17.2 0.2 17.4 
BALANCE JUNE 30, 202072.4 $318.7 $2,139.4 $(504.5)$(604.9)$1,421.1 $2.5 $1,423.6 
Net income— — 56.6 — — 56.6 — 56.6 
Cash dividends ($0.43 per share)
— — (24.9)— — (24.9)— (24.9)
Impact from settlement of share-based awards, net of shares acquired— 0.1 — — 3.5 3.6 3.6 
Stock-based compensation expense— 5.7 — — — 5.7 — 5.7 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 3.4 — 3.4 — 3.4 
Currency translation adjustment— — — 41.0 — 41.0 0.1 41.1 
BALANCE SEPTEMBER 30, 202072.4 $324.5 $2,171.1 $(460.1)$(601.4)$1,506.5 $2.6 $1,509.1 
Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets
The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Condensed Consolidated Balance Sheets.
(in millions)Defined Benefit Pension and Postretirement Items Currency Translation Adjustment
 Total a
Balance as of December 31, 2020$(397.9)$(68.5)$(466.4)
Other comprehensive income (loss) before reclassifications— (52.7)(52.7)
Amounts reclassified from accumulated other comprehensive loss15.3 — 15.3 
Net period other comprehensive income (loss)15.3 (52.7)(37.4)
Balance as of September 30, 2021$(382.6)$(121.2)$(503.8)
a
 Net of tax benefit of $151.5 million and $148.2 million as of September 30, 2021 and December 31, 2020, respectively.
Amounts Reclassified out of each Component of AOCI The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine month periods ended September 30, 2021 and 2020. Amortization of pension and postretirement components has been recorded within “Miscellaneous income, net” on our Condensed Consolidated Statements of Operations.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2021202020212020
Amortization of pension items:
Prior service costs$(0.1)$(0.1)$(0.2)$(0.2)
Net loss6.5 4.8 19.6 14.5 
Amortization of postretirement items:
Prior service costs(0.3)(0.3)(0.8)(0.8)
Total before tax$6.1 $4.4 $18.6 $13.5 
Tax impact0.9 1.1 3.3 3.1 
Total reclassifications for the period$5.2 $3.3 $15.3 $10.4