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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
9 Months Ended
Sep. 30, 2021
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 September 30, 2021
 Total
Equity
Retained
Earnings
Common
Stock &
Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, July 1, 2021$1,536.0 $2,885.0 $548.6 $(1,850.1)$1.8 $(49.3)
Net earnings97.2 97.2 — — — — 
Dividends declared (See Note 6)
(56.1)(57.4)1.3 — — — 
Treasury stock purchased(.3)— — (.3)— — 
Treasury stock issued1.9 — (.5)2.4 — — 
Foreign currency translation adjustments(15.7)— — — — (15.7)
Cash flow hedges, net of tax8.3 — — — — 8.3 
Defined benefit pension plans, net of tax1.0 — — — — 1.0 
Stock-based compensation transactions, net of tax5.3 — 5.3 — — — 
Ending balance, September 30, 2021$1,577.6 $2,924.8 $554.7 $(1,848.0)$1.8 $(55.7)
 Three Months Ended September 30, 2020
 Total
Equity
Retained
Earnings
Common
Stock &
Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, July 1, 2020$1,242.4 $2,690.9 $539.8 $(1,871.5)$.4 $(117.2)
Net earnings107.1 107.0 — — .1 — 
Dividends declared (See Note 6)
(53.0)(54.4)1.4 — — — 
Treasury stock purchased(1.9)— — (1.9)— — 
Treasury stock issued1.7 — (4.1)5.8 — — 
Foreign currency translation adjustments26.0 — — — — 26.0 
Cash flow hedges, net of tax3.4 — — — — 3.4 
Defined benefit pension plans, net of tax.4 — — — — .4 
Stock-based compensation transactions, net of tax3.9 — 3.9 — — — 
Ending balance, September 30, 2020$1,330.0 $2,743.5 $541.0 $(1,867.6)$.5 $(87.4)
 Nine Months Ended September 30, 2021
 Total
Equity
Retained
Earnings
Common
Stock &
Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2021$1,425.1 $2,797.2 $545.2 $(1,865.4)$.5 $(52.4)
Net earnings297.0 296.9 — — .1 — 
Dividends declared (See Note 6)
(165.4)(169.3)3.9 — — — 
Treasury stock purchased(12.1)— — (12.1)— — 
Treasury stock issued9.3 — (20.2)29.5 — — 
Foreign currency translation adjustments(16.5)— — — — (16.5)
Cash flow hedges, net of tax10.5 — — — — 10.5 
Defined benefit pension plans, net of tax2.7 — — — — 2.7 
Stock-based compensation transactions, net of tax25.5 — 25.5 — — — 
Partial sale of business resulting in noncontrolling interest1.5 — .3 — 1.2 — 
Ending balance, September 30, 2021$1,577.6 $2,924.8 $554.7 $(1,848.0)$1.8 $(55.7)

 Nine Months Ended September 30, 2020
 Total
Equity
Retained
Earnings
Common
Stock &
Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2020$1,341.9 $2,763.9 $538.1 $(1,883.8)$.5 $(76.8)
Effect of accounting change on prior years (Topic 326-See Note 7)
(2.5)(2.5)— — — — 
Adjusted beginning balance, January 1, 20201,339.4 2,761.4 538.1 (1,883.8).5 (76.8)
Net earnings145.1 145.0 — — .1 — 
Dividends declared (See Note 6)
(158.8)(162.9)4.1 — — — 
Treasury stock purchased(10.5)— — (10.5)— — 
Treasury stock issued5.6 — (21.1)26.7 — — 
Foreign currency translation adjustments(13.7)— — — (.1)(13.6)
Cash flow hedges, net of tax.8 — — — — .8 
Defined benefit pension plans, net of tax2.2 — — — — 2.2 
Stock-based compensation transactions, net of tax19.9 — 19.9 — — — 
Ending balance, September 30, 2020$1,330.0 $2,743.5 $541.0 $(1,867.6)$.5 $(87.4)
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:
Three Months Ended September 30,
Foreign
Currency
Translation
Adjustments
Cash
Flow
Hedges
Defined
Benefit
Pension
Plans
Accumulated
Other
Comprehensive
Income (Loss)
Balance, July 1, 2021$5.6 $3.6 $(58.5)$(49.3)
Other comprehensive income (loss)(15.7)11.6 — (4.1)
Reclassifications, pretax 1
— (.3)1.3 1.0 
Income tax effect— (3.0)(.3)(3.3)
Balance, September 30, 2021$(10.1)$11.9 $(57.5)$(55.7)
Balance, July 1, 2020$(61.1)$(6.7)$(49.4)$(117.2)
Other comprehensive income (loss)26.0 3.4 (.3)29.1 
Reclassifications, pretax 2
— .7 .9 1.6 
Income tax effect— (.7)(.2)(.9)
Balance, September 30, 2020$(35.1)$(3.3)$(49.0)$(87.4)
1
2021 pretax reclassifications are comprised of:
Net trade sales$— $(1.5)$— $(1.5)
Cost of goods sold; selling and administrative expenses— .1 — .1 
Interest expense— 1.1 — 1.1 
Other income (expense), net— — 1.3 1.3 
Total reclassifications, pretax$— $(.3)$1.3 $1.0 
2
2020 pretax reclassifications are comprised of:
Net trade sales$— $(.3)$— $(.3)
Cost of goods sold; selling and administrative expenses— (.2)— (.2)
Interest expense— 1.2 — 1.2 
Other income (expense), net— — .9 .9 
Total reclassifications, pretax$— $.7 $.9 $1.6 
Nine Months Ended September 30,
Foreign
Currency
Translation
Adjustments
Cash
Flow
Hedges
Defined
Benefit
Pension
Plans
Accumulated
Other
Comprehensive
Income (Loss)
Balance, January 1, 2021$6.4 $1.4 $(60.2)$(52.4)
Other comprehensive income (loss)(16.5)15.1 (.3)(1.7)
Reclassifications, pretax 1
— (1.0)3.9 2.9 
Income tax effect— (3.6)(.9)(4.5)
Balance, September 30, 2021$(10.1)$11.9 $(57.5)$(55.7)
Balance, January 1, 2020$(21.5)$(4.1)$(51.2)$(76.8)
Other comprehensive income (loss)(13.7)(.2)(.1)(14.0)
Reclassifications, pretax 2
— 1.6 3.0 4.6 
Income tax effect— (.6)(.7)(1.3)
Attributable to noncontrolling interest.1 — — .1 
Balance, September 30, 2020$(35.1)$(3.3)$(49.0)$(87.4)
1
2021 pretax reclassifications are comprised of:
Net trade sales$— $(4.9)$— $(4.9)
Cost of goods sold; selling and administrative expenses— .5 — .5 
Interest expense— 3.4 — 3.4 
Other income (expense), net— — 3.9 3.9 
Total reclassifications, pretax$— $(1.0)$3.9 $2.9 
2
2020 pretax reclassifications are comprised of:
Net trade sales$— $(1.1)$— $(1.1)
Cost of goods sold; selling and administrative expenses— (.7)— (.7)
Interest expense— 3.4 — 3.4 
Other income (expense), net— — 3.0 3.0 
Total reclassifications, pretax$— $1.6 $3.0 $4.6