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SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 11. SHAREHOLDERS’ EQUITY

On July 28, 2022, our Board of Directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price of up to $2.0 billion. This program will terminate upon the purchase of $2.0 billion of common stock. On November 1, 2021, our Board of Directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price of up to $1.0 billion. This program will terminate upon the purchase of $1.0 billion of our common stock. 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 terminated upon the purchase of $500.0 million of our common stock during the first quarter of 2022.

For the six months ended June 30, 2022, 12.6 million shares of common stock were repurchased and retired at a total value of $689.7 million. There were zero shares repurchased for the six months ended June 30, 2021. As of June 30, 2022, 11.6 million shares of common stock have been repurchased and retired at a total value of $637.5 million under the 2021 Repurchase Authorization program, and $362.5 million of common stock remained authorized to be repurchased under the program.

We issued 0.9 million and 2.4 million shares representing stock options exercised for the six months ended June 30, 2022 and 2021, respectively, with a total value of $20.9 million and $50.2 million, respectively.
The following table represents the activity included in accumulated other comprehensive loss:
 Foreign Currency Translation Adjustment Unrealized (Losses) Gains on Derivative Contracts (net of taxes)Pension and Other Postretirement Benefits (net of taxes)Accumulated Other Comprehensive Loss
 ($ in millions)
Balance at January 1, 2021$19.4 $21.4 $(730.7)$(689.9)
Unrealized (losses) gains:
First quarter(11.4)122.0 — 110.6 
Second quarter2.4 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)
Balance at January 1, 2022$(10.9)$22.8 $(499.9)$(488.0)
Unrealized (losses) gains:
First quarter(10.5)52.8 — 42.3 
Second quarter(26.0)(36.4)— (62.4)
Reclassification adjustments of (gains) losses into income:
First quarter— (12.4)8.9 (3.5)
Second quarter— (36.1)9.0 (27.1)
Tax (provision) benefit :
First quarter— (9.7)(2.3)(12.0)
Second quarter— 17.5 (2.3)15.2 
Net change(36.5)(24.3)13.3 (47.5)
Balance at June 30, 2022$(47.4)$(1.5)$(486.6)$(535.5)

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.