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Changes in Equity and Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2022
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, 2022 and 2021 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, 202172.4 $363.9 $2,527.3 $(440.2)$(691.1)$1,832.3 $2.8 $1,835.1 
Net income— — 105.0 — — 105.0 — 105.0 
Cash dividends ($0.47 per share)
— — (26.4)— — (26.4)— (26.4)
Reacquisition on open market of 1,699,949 shares
— — — — (175.8)(175.8)— (175.8)
Exercise of stock options, net of shares reacquired of 79,214 shares
— — — — 6.1 6.1 — 6.1 
Impact from settlement of share-based awards, net of shares acquired— (5.1)— — (0.3)(5.4)— (5.4)
Stock-based compensation expense— 5.9 — — — 5.9 — 5.9 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 3.3 — 3.3 — 3.3 
Currency translation adjustment— — — (21.7)— (21.7)0.1 (21.6)
BALANCE MARCH 31, 202272.4 $364.7 $2,605.9 $(458.6)$(861.1)$1,723.3 $2.9 $1,726.2 
Net income— — 258.2 — — 258.2 — 258.2 
Cash dividends ($0.47 per share)
— — (26.4)— — (26.4)— (26.4)
Reacquisition on open market of 1,959,069 shares
— — — — (27.9)(27.9)— (27.9)
Exercise of stock options, net of shares reacquired of 94,774 shares
— — — — 1.1 1.1 — 1.1 
Impact from settlement of share-based awards, net of shares acquired— (1.3)— — 1.2 (0.1)— (0.1)
Stock-based compensation expense— 5.9 — — — 5.9 — 5.9 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 3.5 — 3.5 — 3.5 
Currency translation adjustment— — — (75.8)— (75.8)(0.1)(75.9)
BALANCE JUNE 30, 202272.4 $369.3 $2,837.7 $(530.9)$(886.7)$1,861.8 $2.8 $1,864.6 
Net loss— — (59.3)— — (59.3)— (59.3)
Cash dividends ($0.47 per share)
— — (26.4)— — (26.4)— (26.4)
Exercise of stock options, net of shares reacquired of 81,642 shares
— — — — 1.5 1.5 — 1.5 
Impact from settlement of share-based awards, net of shares acquired— (7.0)— — 6.9 (0.1)— (0.1)
Stock-based compensation expense— 5.9 — — — 5.9 — 5.9 
Changes in pension and postretirement plan assets and benefit obligation, net of tax— — — 2.3 — 2.3 — 2.3 
Currency translation adjustment— — — (77.4)— (77.4)(0.3)(77.7)
BALANCE SEPTEMBER 30, 202272.4 $368.2 $2,752.0 $(606.0)$(878.3)$1,708.3 $2.5 $1,710.8 
(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 $1,810.4 
The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Condensed Consolidated Balance Sheets.
(in millions)Defined Benefit Pension and Postretirement Items Currency Translation Adjustment
 Total a
Balance as of December 31, 2021$(301.9)$(138.3)$(440.2)
Other comprehensive income (loss) before reclassifications— (174.9)(174.9)
Amounts reclassified from accumulated other comprehensive loss9.1 — 9.1 
Net period other comprehensive income (loss)9.1 (174.9)(165.8)
Balance as of September 30, 2022$(292.8)$(313.2)$(606.0)
a
 Net of tax benefit of $120.8 million and $117.9 million as of September 30, 2022 and December 31, 2021, respectively.
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine month periods ended September 30, 2022, and 2021. Amortization of pension and postretirement components has been recorded within “Miscellaneous income, net” on our Condensed Consolidated Statements of Operations.
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2022202120222021
Amortization of pension items:
Prior service costs$— $(0.1)$(0.1)$(0.2)
Net loss3.3 6.5 12.9 19.6 
Amortization of postretirement items:
Prior service costs(0.3)(0.3)(0.8)(0.8)
Total before tax$3.0 $6.1 $12.0 $18.6 
Tax impact0.8 0.9 2.9 3.3 
Total reclassifications for the period$2.2 $5.2 $9.1 $15.3