SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

NOTE 11. 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.

There were no shares repurchased for both the three months ended March 31, 2021 and 2020. As of March 31, 2021, we had repurchased a total of $195.9 million of our common stock, representing 10.1 million shares, and $304.1 million of common stock remained authorized to be repurchased.

We issued 1.2 million and less than 0.1 million shares representing stock options exercised for the three months ended March 31, 2021 and 2020, respectively, with a total value of $25.7 million and $0.5 million, respectively.

The following table represents the activity included in accumulated other comprehensive loss:


	Foreign Currency Translation Adjustment (net of taxes)		Unrealized (Losses) Gains on Derivative Contracts (net of taxes)		Pension and Other Postretirement Benefits (net of taxes)		Accumulated Other Comprehensive Loss
	($ in millions)
Balance at January 1, 2020	$	(8.4)	$	(13.6)	$	(781.4)	$	(803.4)

Unrealized losses	(9.0)		(35.1)		—		(44.1)



Reclassification adjustments of losses into income	—		11.6		11.9		23.5



Tax benefit (provision)	—		5.6		(2.7)		2.9


Net change	(9.0)		(17.9)		9.2		(17.7)
Balance at March 31, 2020	$	(17.4)	$	(31.5)	$	(772.2)	$	(821.1)
Balance at January 1, 2021	$	19.4	$	21.4	$	(730.7)	$	(689.9)

Unrealized (losses) gains	(11.4)		122.0		—		110.6



Reclassification adjustments of (gains) losses into income	—		(112.8)		13.7		(99.1)



Tax provision	—		(2.2)		(3.1)		(5.3)


Net change	(11.4)		7.0		10.6		6.2
Balance at March 31, 2021	$	8.0	$	28.4	$	(720.1)	$	(683.7)

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

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