SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

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 and six months ended June 30, 2021 and 2020. As of June 30, 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 2.4 million and less than 0.1 million shares representing stock options exercised for the six months ended June 30, 2021 and 2020, respectively, with a total value of $50.2 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) gains:
First quarter	(9.0)		(35.1)		—		(44.1)
Second quarter	8.2		29.9		—		38.1
Reclassification adjustments of losses into income:
First quarter	—		11.6		11.9		23.5
Second quarter	—		9.3		11.6		20.9
Tax benefit (provision):
First quarter	—		5.6		(2.7)		2.9
Second quarter	—		(9.2)		(2.6)		(11.8)
Net change	(0.8)		12.1		18.2		29.5
Balance at June 30, 2020	$	(9.2)	$	(1.5)	$	(763.2)	$	(773.9)
Balance at January 1, 2021	$	19.4	$	21.4	$	(730.7)	$	(689.9)
Unrealized (losses) gains:
First quarter	(11.4)		122.0		—		110.6
Second quarter	2.4		41.8		—		44.2
Reclassification adjustments of (gains) losses into income:
First quarter	—		(112.8)		13.7		(99.1)
Second quarter	—		(20.4)		13.7		(6.7)
Tax provision:
First quarter	—		(2.2)		(3.1)		(5.3)
Second quarter	—		(5.1)		(3.0)		(8.1)
Net change	(9.0)		23.3		21.3		35.6
Balance at June 30, 2021	$	10.4	$	44.7	$	(709.4)	$	(654.3)

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.