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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
Six Months Ended June 30, 2016
 
Total
Equity
 
Retained
Earnings
 
Common
Stock &
Additional
Contributed
Capital
 
Treasury
Stock
 
Noncontrolling
Interest
 
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2016
$
1,097.7

 
$
2,209.2

 
$
531.5

 
$
(1,564.0
)
 
$
12.1

 
$
(91.1
)
Net earnings
210.9

 
210.9

 

 

 

 

(Earnings) loss attributable to noncontrolling interest, net of tax

 
(.2
)
 

 

 
.2

 

Dividends declared
(88.4
)
 
(90.9
)
 
2.5

 

 

 

Dividends paid to noncontrolling interest
(1.7
)
 

 

 

 
(1.7
)
 

Treasury stock purchased
(167.7
)
 

 

 
(167.7
)
 

 

Treasury stock issued
20.5

 

 
(15.8
)
 
36.3

 

 

Foreign currency translation adjustments
5.5

 

 

 

 

 
5.5

Cash flow hedges, net of tax
6.0

 

 

 

 

 
6.0

Defined benefit pension plans, net of tax
1.6

 

 

 

 

 
1.6

Stock options and benefit plan transactions, net of tax
16.4

 

 
16.4

 

 

 

 Acquisition of noncontrolling interest
(35.2
)
 

 
(27.9
)
 

 
(8.3
)
 
1.0

Ending balance, June 30, 2016
$
1,065.6

 
$
2,329.0

 
$
506.7

 
$
(1,695.4
)
 
$
2.3

 
$
(77.0
)
 
 
Six Months Ended June 30, 2015
 
Total
Equity
 
Retained
Earnings
 
Common
Stock &
Additional
Contributed
Capital
 
Treasury
Stock
 
Noncontrolling
Interest
 
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2015
$
1,154.9

 
$
2,061.3

 
$
504.4

 
$
(1,416.6
)
 
$
8.4

 
$
(2.6
)
Net earnings
151.3

 
151.3

 

 

 

 

(Earnings) loss attributable to noncontrolling interest, net of tax

 
(1.9
)
 

 

 
1.9

 

Dividends declared
(85.2
)
 
(87.7
)
 
2.5

 

 

 

Treasury stock purchased
(127.8
)
 

 

 
(127.8
)
 

 

Treasury stock issued
21.1

 

 
(20.4
)
 
41.5

 

 

Foreign currency translation adjustments
(35.0
)
 

 

 

 
.1

 
(35.1
)
Cash flow hedges, net of tax
(.4
)
 

 

 

 

 
(.4
)
Defined benefit pension plans, net of tax
1.8

 

 

 

 

 
1.8

Stock options and benefit plan transactions, net of tax
29.3

 

 
29.3

 

 

 

Ending balance, June 30, 2015
$
1,110.0

 
$
2,123.0

 
$
515.8

 
$
(1,502.9
)
 
$
10.4

 
$
(36.3
)





































The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented:
 
 
Foreign
Currency
Translation
Adjustments
 
Cash
Flow
Hedges
 
Defined
Benefit
Pension
Plans
 
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2016
$
(4.8
)
 
$
(28.2
)
 
$
(58.1
)
 
$
(91.1
)
Other comprehensive income (loss) before reclassifications, pretax
7.2

 
.1

 
.1

 
7.4

Amounts reclassified from accumulated other comprehensive income, pretax unless otherwise noted:

 

 

 

Net sales

 
5.9

 

 
5.9

Cost of goods sold; selling and administrative expenses

 
.2

 
2.4

 
2.6

Other income (expense), net
(1.7
)
 

 

 
(1.7
)
Interest expense

 
2.1

 

 
2.1

Subtotal of reclassifications
(1.7
)
 
8.2

 
2.4

 
8.9

Other comprehensive income
5.5

 
8.3

 
2.5

 
16.3

Income tax effect

 
(2.3
)
 
(.9
)
 
(3.2
)
Attributable to noncontrolling interest
1.0

 

 

 
1.0

Ending balance, June 30, 2016
$
1.7

 
$
(22.2
)
 
$
(56.5
)
 
$
(77.0
)
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015
$
86.8

 
$
(20.1
)
 
$
(69.3
)
 
$
(2.6
)
Other comprehensive income (loss) before reclassifications, pretax
(31.4
)
 
(1.3
)
 
(.1
)
 
(32.8
)
Amounts reclassified from accumulated other comprehensive income, pretax unless otherwise noted:

 

 

 

Net sales

 
(.7
)
 

 
(.7
)
Cost of goods sold; selling and administrative expenses

 

 
3.0

 
3.0

Interest expense

 
2.0

 

 
2.0

Earnings (loss) from discontinued operations, net of tax
(3.6
)
 

 

 
(3.6
)
Subtotal of reclassifications
(3.6
)
 
1.3

 
3.0

 
.7

Other comprehensive income (loss)
(35.0
)
 

 
2.9

 
(32.1
)
Income tax effect

 
(.4
)
 
(1.1
)
 
(1.5
)
Attributable to noncontrolling interest
(.1
)
 

 

 
(.1
)
Ending balance, June 30, 2015
$
51.7

 
$
(20.5
)
 
$
(67.5
)
 
$
(36.3
)