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SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 15. 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 (the 2022 Repurchase Authorization). This program will terminate upon the purchase of $2.0 billion of common stock.
For the three months ended March 31, 2024 and 2023, 2.0 million and 3.6 million shares, respectively, of common stock were repurchased and retired at a total value of $105.4 million and $206.1 million, respectively. As of March 31, 2024, 21.2 million shares of common stock have been repurchased and retired at a total value of $1,108.0 million under the 2022 Repurchase Authorization program, and $892.0 million of common stock remained authorized to be repurchased under the program.
We issued 0.8 million and 0.4 million shares representing stock options exercised for the three months ended March 31, 2024 and 2023, respectively, with a total value of $19.8 million and $11.2 million, respectively.
The following table represents the activity included in accumulated other comprehensive loss:
 Foreign Currency TranslationCash Flow HedgesPension and Postretirement BenefitsTotal
Accumulated Other Comprehensive Loss($ in millions)
Balance at January 1, 2023$(38.6)$(32.5)$(424.8)$(495.9)
Unrealized gains (losses)5.5 (20.8)— (15.3)
Reclassification adjustments of losses into income— 30.7 0.4 31.1 
Tax provision— (2.5)(0.1)(2.6)
Net change5.5 7.4 0.3 13.2 
Balance at March 31, 2023$(33.1)$(25.1)$(424.5)$(482.7)
Balance at January 1, 2024$(39.7)$(18.4)$(438.2)$(496.3)
Unrealized losses(2.3)(3.0)— (5.3)
Reclassification adjustments of losses into income— 13.3 1.6 14.9 
Tax provision— (2.6)(0.4)(3.0)
Net change(2.3)7.7 1.2 6.6 
Balance at March 31, 2024$(42.0)$(10.7)$(437.0)$(489.7)
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.