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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended March 31, 2018
 
Total
Equity
 
Retained
Earnings
 
Common
Stock &
Additional
Contributed
Capital
 
Treasury
Stock
 
Noncontrolling
Interest
 
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2018
$
1,190.8

 
$
2,511.3

 
$
516.7

 
$
(1,828.3
)
 
$
.6

 
$
(9.5
)
Effect of accounting change on prior years (Topic 606-See Note 3)
(2.3
)
 
(2.3
)
 

 

 

 

Adjusted beginning balance, January 1, 2018
1,188.5

 
2,509.0

 
516.7

 
(1,828.3
)
 
.6

 
(9.5
)
Net earnings
77.9

 
77.9

 

 

 

 

Dividends declared
(47.2
)
 
(48.6
)
 
1.4

 

 

 

Dividends paid to noncontrolling interest
(.2
)
 

 

 

 
(.2
)
 

Treasury stock purchased
(55.3
)
 

 

 
(55.3
)
 

 

Treasury stock issued
3.9

 

 
(10.8
)
 
14.7

 

 

Foreign currency translation adjustments
16.7

 

 

 

 

 
16.7

Cash flow hedges, net of tax
2.3

 

 

 

 

 
2.3

Defined benefit pension plans, net of tax
.4

 

 

 

 

 
.4

Stock-based compensation transactions, net of tax
9.3

 

 
9.3

 

 

 

Ending balance, March 31, 2018
$
1,196.3

 
$
2,538.3

 
$
516.6

 
$
(1,868.9
)
 
$
.4

 
$
9.9

 
 
Three Months Ended March 31, 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 (Topic 740)
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
86.1

 
86.1

 

 

 

 

Dividends declared
(45.0
)
 
(46.2
)
 
1.2

 

 

 

Treasury stock purchased
(106.4
)
 

 

 
(106.4
)
 

 

Treasury stock issued
8.2

 

 
(18.8
)
 
27.0

 

 

Foreign currency translation adjustments
14.3

 

 

 

 

 
14.3

Cash flow hedges, net of tax
2.5

 

 

 

 

 
2.5

Defined benefit pension plans, net of tax
.6

 

 

 

 

 
.6

Stock-based compensation transactions, net of tax
11.5

 

 
11.5

 

 

 

Purchase of remaining interest in noncontrolling interest, net of acquisitions
(1.6
)
 

 
(.6
)
 

 
(1.0
)
 

Ending balance, March 31, 2017
$
1,065.4

 
$
2,451.6

 
$
501.5

 
$
(1,792.9
)
 
$
1.4

 
$
(96.2
)


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, 2018
$
40.5

 
$
(11.5
)
 
$
(38.5
)
 
$
(9.5
)
Other comprehensive income (loss)
16.7

 
2.3

 
(.2
)
 
18.8

Reclassifications, pretax 1

 
.3

 
.7

 
1.0

Income tax effect

 
(.3
)
 
(.1
)
 
(.4
)
Balance, March 31, 2018
$
57.2

 
$
(9.2
)
 
$
(38.1
)
 
$
9.9

 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2017
$
(38.6
)
 
$
(17.8
)
 
$
(57.2
)
 
$
(113.6
)
Other comprehensive income (loss)
14.3

 
.4

 
(.2
)
 
14.5

Reclassifications, pretax 2

 
2.9

 
1.2

 
4.1

Income tax effect

 
(.8
)
 
(.4
)
 
(1.2
)
Balance, March 31, 2017
$
(24.3
)
 
$
(15.3
)
 
$
(56.6
)
 
$
(96.2
)
 
 
 
 
 
 
 
 
 
 
 
1 
2018 pretax reclassifications are comprised of:
 
 
 
 
 
 
 
 
 
Net sales
$

 
$
(1.0
)
 
$

 
$
(1.0
)
 
 
Cost of goods sold; selling and administrative expenses

 
.2

 

 
.2

 
 
Interest expense

 
1.1

 

 
1.1

 
 
Other income (expense), net

 

 
.7

 
.7

 
 
Total reclassifications, pretax
$

 
$
.3

 
$
.7

 
$
1.0

 
 
 
 
 
 
 
 
 
 
 
2 
2017 pretax reclassifications are comprised of:
 
 
 
 
 
 
 
 
 
Net sales
$

 
$
1.6

 
$

 
$
1.6

 
 
Cost of goods sold; selling and administrative expenses

 
.2

 

 
.2

 
 
Interest expense

 
1.1

 

 
1.1

 
 
Other income (expense), net

 

 
1.2

 
1.2

 
 
Total reclassifications, pretax
$

 
$
2.9

 
$
1.2

 
$
4.1