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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Statement of Changes in Equity and Accumulated Other Comprehensive Income
 
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
)
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)
e 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