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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Summary of Statement of Changes in Equity and Accumulated Other Comprehensive Income (Loss)
 Three Months Ended June 30, 2022
 Total
Equity
Retained
Earnings
Common Stock
& Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, April 1, 2022$1,671.4 $3,006.0 $558.4 $(1,848.4)$.6 $(45.2)
Net earnings95.2 95.2 — — — — 
Dividends declared (See Note 6)
(58.6)(59.9)1.3 — — — 
Treasury stock purchased(35.2)— — (35.2)— — 
Treasury stock issued1.2 — (1.0)2.2 — — 
Foreign currency translation adjustments(61.0)— — — — (61.0)
Cash flow hedges, net of tax(2.8)— — — — (2.8)
Defined benefit pension plans, net of tax(.2)— — — — (.2)
Stock-based compensation transactions, net of tax4.6 — 4.6 — — — 
Ending balance, June 30, 2022$1,614.6 $3,041.3 $563.3 $(1,881.4)$.6 $(109.2)
 Three Months Ended June 30, 2021
 Total
Equity
Retained
Earnings
Common Stock
& Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, April 1, 2021$1,456.2 $2,829.9 $542.0 $(1,851.4)$.5 $(64.8)
Net earnings112.3 112.2 — — .1 — 
Dividends declared (See Note 6)
(55.9)(57.1)1.2 — — — 
Treasury stock purchased(2.9)— — (2.9)— — 
Treasury stock issued4.1 — (.1)4.2 — — 
Foreign currency translation adjustments13.5 — — — — 13.5 
Cash flow hedges, net of tax1.1 — — — — 1.1 
Defined benefit pension plans, net of tax.9 — — — — .9 
Stock-based compensation transactions, net of tax5.2 — 5.2 — — — 
Partial sale of business resulting in noncontrolling interest1.5 — .3 — 1.2 — 
Ending balance, June 30, 2021$1,536.0 $2,885.0 $548.6 $(1,850.1)$1.8 $(49.3)
 Six Months Ended June 30, 2022
 Total
Equity
Retained
Earnings
Common
Stock &
Additional
Contributed
Capital
Treasury
Stock
Noncontrolling
Interest
Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, January 1, 2022$1,648.6 $2,973.0 $559.9 $(1,846.6)$.6 $(38.3)
Net earnings185.6 185.6 — — — — 
Dividends declared (See Note 6)
(114.7)(117.3)2.6 — — — 
Treasury stock purchased(56.8)— — (56.8)— — 
Treasury stock issued6.9 — (15.1)22.0 — — 
Foreign currency translation adjustments(69.8)— — — — (69.8)
Cash flow hedges, net of tax(1.8)— — — — (1.8)
Defined benefit pension plans, net of tax.7 — — — — .7 
Stock-based compensation transactions, net of tax15.9 — 15.9 — — — 
Ending balance, June 30, 2022$1,614.6 $3,041.3 $563.3 $(1,881.4)$.6 $(109.2)

 Six Months Ended June 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 earnings199.8 199.7 — — .1 — 
Dividends declared (See Note 6)
(109.3)(111.9)2.6 — — — 
Treasury stock purchased(11.8)— — (11.8)— — 
Treasury stock issued7.4 — (19.7)27.1 — — 
Foreign currency translation adjustments(.8)— — — — (.8)
Cash flow hedges, net of tax2.2 — — — — 2.2 
Defined benefit pension plans, net of tax1.7 — — — — 1.7 
Stock-based compensation transactions, net of tax20.2 — 20.2 — — — 
Purchase of remaining interest in noncontrolling interest, net of acquisitions1.5 — .3 — 1.2 — 
Ending balance, June 30, 2021$1,536.0 $2,885.0 $548.6 $(1,850.1)$1.8 $(49.3)
Summary of Changes in Each Component of Accumulated Other Comprehensive Income (Loss)
The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented:
Three Months Ended June 30,
Foreign
Currency
Translation
Adjustments
Cash
Flow
Hedges
Defined
Benefit
Pension
Plans
Accumulated
Other
Comprehensive
Income (Loss)
Balance, April 1, 2022$(20.5)$12.9 $(37.6)$(45.2)
Other comprehensive income (loss)(61.0)(2.9)(1.0)(64.9)
Reclassifications, pretax 1
— (.4).7 .3 
Income tax effect— .5 .1 .6 
Balance, June 30, 2022$(81.5)$10.1 $(37.8)$(109.2)
Balance, April 1, 2021$(7.9)$2.5 $(59.4)$(64.8)
Other comprehensive income (loss)13.5 1.5 (.1)14.9 
Reclassifications, pretax 2
— (.2)1.3 1.1 
Income tax effect— (.2)(.3)(.5)
Balance, June 30, 2021$5.6 $3.6 $(58.5)$(49.3)
1
2022 pretax reclassifications are comprised of:
Net trade sales$— $(1.0)$— $(1.0)
Cost of goods sold; selling and administrative expenses— (.3)— (.3)
Interest expense— .9 — .9 
Other income (expense), net— — .7 .7 
Total reclassifications, pretax$— $(.4)$.7 $.3 
2
2021 pretax reclassifications are comprised of:
Net trade sales$— $(1.6)$— $(1.6)
Cost of goods sold; selling and administrative expenses— .2 — .2 
Interest expense— 1.2 — 1.2 
Other income (expense), net— — 1.3 1.3 
Total reclassifications, pretax$— $(.2)$1.3 $1.1 
Six Months Ended June 30,
Foreign
Currency
Translation
Adjustments
Cash
Flow
Hedges
Defined
Benefit
Pension
Plans
Accumulated
Other
Comprehensive
Income (Loss)
Balance, January 1, 2022$(11.7)$11.9 $(38.5)$(38.3)
Other comprehensive income (loss)(69.8)(.5)(1.0)(71.3)
Reclassifications, pretax 1
— (1.6)1.4 (.2)
Income tax effect— .3 .3 .6 
Balance, June 30, 2022$(81.5)$10.1 $(37.8)$(109.2)
Balance, January 1, 2021$6.4 $1.4 $(60.2)$(52.4)
Other comprehensive income (loss)(.8)3.5 (.3)2.4 
Reclassifications, pretax 2
— (.7)2.6 1.9 
Income tax effect— (.6)(.6)(1.2)
Balance, June 30, 2021$5.6 $3.6 $(58.5)$(49.3)
1
2022 pretax reclassifications are comprised of:
Net trade sales$— $(2.8)$— $(2.8)
Cost of goods sold; selling and administrative expenses— (.6)— (.6)
Interest expense— 1.8 — 1.8 
Other income (expense), net— — 1.4 1.4 
Total reclassifications, pretax$— $(1.6)$1.4 $(.2)
2
2021 pretax reclassifications are comprised of:
Net trade sales$— $(3.4)$— $(3.4)
Cost of goods sold; selling and administrative expenses— .4 — .4 
Interest expense— 2.3 — 2.3 
Other income (expense), net— — 2.6 2.6 
Total reclassifications, pretax$— $(.7)$2.6 $1.9