XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.2.2
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 30, 2022
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, 2022
 Total
Equity		Retained
Earnings		Common Stock
& Additional
Contributed
Capital		Treasury
Stock		Noncontrolling
Interest		Accumulated
Other
Comprehensive
Income (Loss)
Beginning balance, July 1, 2022$1,614.6 $3,041.3 $563.3 $(1,881.4)$.6 $(109.2)
Net earnings71.5 71.4 — — .1 — 
Dividends declared (See Note 6)
(58.4)(59.7)1.3 — — — 
Treasury stock purchased(3.5)— — (3.5)— — 
Treasury stock issued1.4 — — 1.4 — — 
Foreign currency translation adjustments(61.7)— — — (.1)(61.6)
Cash flow hedges, net of tax(4.2)— — — — (4.2)
Defined benefit pension plans, net of tax.9 — — — — .9 
Stock-based compensation transactions, net of tax2.2 — 2.2 — — — 
Ending balance, September 30, 2022$1,562.8 $3,053.0 $566.8 $(1,883.5)$.6 $(174.1)
 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)
 Nine Months Ended September 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 earnings257.1 257.0 — — .1 — 
Dividends declared (See Note 6)
(173.1)(177.0)3.9 — — — 
Treasury stock purchased(60.3)— — (60.3)— — 
Treasury stock issued8.3 — (15.1)23.4 — — 
Foreign currency translation adjustments(131.5)— — — (.1)(131.4)
Cash flow hedges, net of tax(6.0)— — — — (6.0)
Defined benefit pension plans, net of tax1.6 — — — — 1.6 
Stock-based compensation transactions, net of tax18.1 — 18.1 — — — 
Ending balance, September 30, 2022$1,562.8 $3,053.0 $566.8 $(1,883.5)$.6 $(174.1)
 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 — — — 
Purchase of remaining interest in noncontrolling interest, net of acquisitions1.5 — .3 — 1.2 — 
Ending balance, September 30, 2021$1,577.6 $2,924.8 $554.7 $(1,848.0)$1.8 $(55.7)
The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented:
Three Months Ended September 30,
Foreign
Currency
Translation
Adjustments		Cash
Flow
Hedges		Defined
Benefit
Pension
Plans		Accumulated
Other
Comprehensive
Income (Loss)
Balance, July 1, 2022$(81.5)$10.1 $(37.8)$(109.2)
Other comprehensive income (loss)(61.7)(5.1).6 (66.2)
Reclassifications, pretax 1
— (.1).6 .5 
Income tax effect— 1.0 (.3).7 
Attributable to noncontrolling interest.1 — — .1 
Balance, September 30, 2022$(143.1)$5.9 $(36.9)$(174.1)
Balance, July 1, 2021$5.6 $3.6 $(58.5)$(49.3)
Other comprehensive income (loss)(15.7)11.6 — (4.1)
Reclassifications, pretax 2
— (.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)
1
2022 pretax reclassifications are comprised of:
Net trade sales$— $(.6)$— $(.6)
Cost of goods sold; selling and administrative expenses— (.1)— (.1)
Interest expense— .6 — .6 
Other income (expense), net— — .6 .6 
Total reclassifications, pretax$— $(.1)$.6 $.5 
2
2021 pretax reclassifications are comprised of:
Net trade sales$— $(1.5)$— $(1.5)
Cost of goods sold; selling and administrative expenses— .1 — .1 
Interest expense— 1.1 — 1.1 
Other income (expense), net— — 1.3 1.3 
Total reclassifications, pretax$— $(.3)$1.3 $1.0 
Nine Months Ended September 30,
Foreign
Currency
Translation
Adjustments		Cash
Flow
Hedges		Defined
Benefit
Pension
Plans		Accumulated
Other
Comprehensive
Income (Loss)
Balance, January 1, 2022$(11.7)$11.9 $(38.5)$(38.3)
Other comprehensive income (loss)(131.5)(5.6)(.4)(137.5)
Reclassifications, pretax 1
— (1.7)2.0 .3 
Income tax effect— 1.3 — 1.3 
Attributable to noncontrolling interest.1 — — .1 
Balance, September 30, 2022$(143.1)$5.9 $(36.9)$(174.1)
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 2
— (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)
1
2022 pretax reclassifications are comprised of:
Net trade sales$— $(3.4)$— $(3.4)
Cost of goods sold; selling and administrative expenses— (.7)— (.7)
Interest expense— 2.4 — 2.4 
Other income (expense), net— — 2.0 2.0 
Total reclassifications, pretax$— $(1.7)$2.0 $.3 
2
2021 pretax reclassifications are comprised of:
Net trade sales$— $(4.9)$— $(4.9)
Cost of goods sold; selling and administrative expenses— .5 — .5 
Interest expense— 3.4 — 3.4 
Other income (expense), net— — 3.9 3.9 
Total reclassifications, pretax$— $(1.0)$3.9 $2.9