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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY

On April 26, 2018, our board of directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price up to $500 million.  This program will terminate upon the purchase of $500 million of our common stock.

We issued 0.1 million and 0.5 million shares representing stock options exercised for the three months ended March 31, 2018 and 2017, respectively, with a total value of $1.0 million and $8.8 million, respectively.

In February 2018, the FASB issued ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (ASU 2018-02) which amends ASC 220 “Income Statement—Reporting Comprehensive Income.”  This update allows a reclassification from accumulated other comprehensive loss to retained earnings for the stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act (the 2017 Tax Act) during each fiscal year or quarter in which the effect of the lower tax rate is recorded.  We adopted this update in March 2018 and reclassified $85.9 million related to the provisional deferred gain resulting from the 2017 Tax Act from accumulated other comprehensive loss to retained earnings.

The following table represents the activity included in accumulated other comprehensive loss:
 
Foreign
Currency
Translation
Adjustment
(net of taxes)
 
Unrealized
Gains (Losses)
on Derivative
Contracts
(net of taxes)
 
Pension and Other
Postretirement
Benefits
(net of taxes)
 
Accumulated
Other Comprehensive
Loss
 
($ in millions)
Balance at January 1, 2017
$
(24.1
)
 
$
12.8

 
$
(498.7
)
 
$
(510.0
)
Unrealized gains (losses)
8.3

 
(3.1
)
 
—

 
5.2

Reclassification adjustments into income
—

 
(0.1
)
 
6.6

 
6.5

Tax (provision) benefit:
(2.3
)
 
1.2

 
(2.7
)
 
(3.8
)
Net change
6.0

 
(2.0
)
 
3.9

 
7.9

Balance at March 31, 2017
$
(18.1
)
 
$
10.8

 
$
(494.8
)
 
$
(502.1
)
Balance at January 1, 2018
$
7.6

 
$
11.1

 
$
(503.3
)
 
$
(484.6
)
Unrealized gains
12.4

 
2.1

 
—

 
14.5

Reclassification adjustments into income
—

 
(2.3
)
 
9.4

 
7.1

Tax benefit (provision)
—

 
0.1

 
(4.0
)
 
(3.9
)
Net change
12.4

 
(0.1
)
 
5.4

 
17.7

Income tax reclassification adjustment
15.3

 
2.4

 
(103.6
)
 
(85.9
)
Balance at March 31, 2018
$
35.3

 
$
13.4

 
$
(601.5
)
 
$
(552.8
)


Net income and cost of goods sold included reclassification adjustments for realized gains and losses on derivative contracts from accumulated other comprehensive loss.

Net income and non-operating pension income included the amortization of prior service costs and actuarial losses from accumulated other comprehensive loss.