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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 14. 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 of up to $500.0 million.  This program will terminate upon the purchase of $500.0 million of our common stock. For the three months ended March 31, 2019, 0.6 million shares were repurchased and retired at a cost of $13.2 million. As of March 31, 2019, we had repurchased a total of $63.3 million of our common stock, representing 2.7 million shares, and $436.7 million of common stock remained authorized to be repurchased.

We issued 0.1 million shares representing stock options exercised for both the three months ended March 31, 2019 and 2018, with a total value of $1.4 million and $1.0 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 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, 2018
$
7.6

 
$
11.1

 
$
(503.3
)
 
$
(484.6
)
Unrealized gains
12.4

 
2.1

 
—

 
14.5

Reclassification adjustments of (gains) losses 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
)
Balance at January 1, 2019
$
0.7

 
$
1.8

 
$
(653.5
)
 
$
(651.0
)
Unrealized losses
(8.3
)
 
(6.6
)
 
—

 
(14.9
)
Reclassification adjustments of losses into income
—

 
2.2

 
7.4

 
9.6

Tax benefit (provision)
—

 
1.1

 
(1.7
)
 
(0.6
)
Net change
(8.3
)
 
(3.3
)
 
5.7

 
(5.9
)
Balance at March 31, 2019
$
(7.6
)
 
$
(1.5
)
 
$
(647.8
)
 
$
(656.9
)


Net income, interest expense 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.