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 earnings | 95.2 | | | 95.2 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Dividends declared (See Note 6) | (58.6) | | | (59.9) | | | 1.3 | | | — | | | — | | | — | | | | | | | | | | | | | | Treasury stock purchased | (35.2) | | | — | | | — | | | (35.2) | | | — | | | — | | Treasury stock issued | 1.2 | | | — | | | (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 tax | 4.6 | | | — | | | 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 earnings | 112.3 | | | 112.2 | | | — | | | — | | | .1 | | | — | | Dividends declared (See Note 6) | (55.9) | | | (57.1) | | | 1.2 | | | — | | | — | | | — | | | | | | | | | | | | | | Treasury stock purchased | (2.9) | | | — | | | — | | | (2.9) | | | — | | | — | | Treasury stock issued | 4.1 | | | — | | | (.1) | | | 4.2 | | | — | | | — | | Foreign currency translation adjustments | 13.5 | | | — | | | — | | | — | | | — | | | 13.5 | | Cash flow hedges, net of tax | 1.1 | | | — | | | — | | | — | | | — | | | 1.1 | | Defined benefit pension plans, net of tax | .9 | | | — | | | — | | | — | | | — | | | .9 | | Stock-based compensation transactions, net of tax | 5.2 | | | — | | | 5.2 | | | — | | | — | | | — | | Partial sale of business resulting in noncontrolling interest | 1.5 | | | — | | | .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 earnings | 185.6 | | | 185.6 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Dividends declared (See Note 6) | (114.7) | | | (117.3) | | | 2.6 | | | — | | | — | | | — | | | | | | | | | | | | | | Treasury stock purchased | (56.8) | | | — | | | — | | | (56.8) | | | — | | | — | | Treasury stock issued | 6.9 | | | — | | | (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 tax | 15.9 | | | — | | | 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 earnings | 199.8 | | | 199.7 | | | — | | | — | | | .1 | | | — | | | | | | | | | | | | | | Dividends declared (See Note 6) | (109.3) | | | (111.9) | | | 2.6 | | | — | | | — | | | — | | | | | | | | | | | | | | Treasury stock purchased | (11.8) | | | — | | | — | | | (11.8) | | | — | | | — | | Treasury stock issued | 7.4 | | | — | | | (19.7) | | | 27.1 | | | — | | | — | | Foreign currency translation adjustments | (.8) | | | — | | | — | | | — | | | — | | | (.8) | | Cash flow hedges, net of tax | 2.2 | | | — | | | — | | | — | | | — | | | 2.2 | | Defined benefit pension plans, net of tax | 1.7 | | | — | | | — | | | — | | | — | | | 1.7 | | Stock-based compensation transactions, net of tax | 20.2 | | | — | | | 20.2 | | | — | | | — | | | — | | Purchase of remaining interest in noncontrolling interest, net of acquisitions | 1.5 | | | — | | | .3 | | | — | | | 1.2 | | | — | | Ending balance, June 30, 2021 | $ | 1,536.0 | | | $ | 2,885.0 | | | $ | 548.6 | | | $ | (1,850.1) | | | $ | 1.8 | | | $ | (49.3) | |
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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 | |
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