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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME
6 Months Ended
Jun. 30, 2017
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, 2017
 
Total
Equity
 
Retained
Earnings
 
Common
Stock &
Additional
Contributed
Capital
 
Treasury
Stock
 
Noncontrolling
Interest
 
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2017
$
1,094.0

 
$
2,410.5

 
$
508.2

 
$
(1,713.5
)
 
$
2.4

 
$
(113.6
)
Effect of accounting change on prior years (See Note 2)
1.2

 
1.2

 

 

 

 

Adjusted beginning balance, January 1, 2017
1,095.2

 
2,411.7

 
508.2

 
(1,713.5
)
 
2.4

 
(113.6
)
Net earnings
173.7

 
173.7

 

 

 

 

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

 

 

 

 

 

Dividends declared
(92.7
)
 
(95.2
)
 
2.5

 

 

 

Treasury stock purchased
(118.3
)
 

 

 
(118.3
)
 

 

Treasury stock issued
12.5

 

 
(19.4
)
 
31.9

 

 

Foreign currency translation adjustments
44.1

 

 

 

 

 
44.1

Cash flow hedges, net of tax
4.6

 

 

 

 

 
4.6

Defined benefit pension plans, net of tax
1.1

 

 

 

 

 
1.1

Stock-based compensation transactions, net of tax
16.0

 

 
16.0

 

 

 

Purchase of remaining interest in noncontrolling interest, net of acquisitions
(2.6
)
 

 
(.7
)
 

 
(1.9
)
 

Ending balance, June 30, 2017
$
1,133.6

 
$
2,490.2

 
$
506.6

 
$
(1,799.9
)
 
$
.5

 
$
(63.8
)
 
 
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-based compensation 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
)

































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)
Balance, January 1, 2017
$
(38.6
)
 
$
(17.8
)
 
$
(57.2
)
 
$
(113.6
)
Other comprehensive income (loss)
44.1

 
1.9

 
(.5
)
 
45.5

Reclassifications, pretax (1)

 
4.2

 
2.3

 
6.5

Income tax effect

 
(1.5
)
 
(.7
)
 
(2.2
)
Attributable to noncontrolling interest

 

 

 

Balance, June 30, 2017
$
5.5

 
$
(13.2
)
 
$
(56.1
)
 
$
(63.8
)
 
 
 
 
 
 
 
 
Balance, January 1, 2016
$
(4.8
)
 
$
(28.2
)
 
$
(58.1
)
 
$
(91.1
)
Other comprehensive income (loss)
7.2

 
.1

 
.1

 
7.4

Reclassifications, pretax (2)
(1.7
)
 
8.2

 
2.4

 
8.9

Income tax effect

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

 

 

 
1.0

Balance, June 30, 2016
$
1.7

 
$
(22.2
)
 
$
(56.5
)
 
$
(77.0
)
 
 
 
 
 
 
 
 
(1) 2017 pretax reclassifications are comprised of:
 
 
 
 
 
 
 
Net sales
$

 
$
1.8

 
$

 
$
1.8

Cost of goods sold; selling and administrative expenses

 
.3

 
2.3

 
2.6

Interest expense

 
2.1

 

 
2.1

Other income (expense), net

 

 

 

Total reclassifications, pretax
$

 
$
4.2

 
$
2.3

 
$
6.5

 
 
 
 
 
 
 
 
(2) 2016 pretax reclassifications are comprised of:
 
 
 
 
 
 
 
Net sales
$

 
$
5.9

 
$

 
$
5.9

Cost of goods sold; selling and administrative expenses

 
.2

 
2.4

 
2.6

Interest expense

 
2.1

 

 
2.1

Other income (expense), net
(1.7
)
 

 

 
(1.7
)
Total reclassifications, pretax
$
(1.7
)
 
$
8.2

 
$
2.4

 
$
8.9