Schedule of Transactions Relating to Common Stock |
The following table summarizes transactions relating to Common Stock for the three years ended December 31, 2016: | | | | | | | | Issued Shares | | Treasury Stock Shares | Balance at December 31, 2013 | 156,234,415 |
| | 64,268,863 |
| Issuances under stock plans | | | (1,452,419 | ) | Purchases for treasury (1) | | | 5,897,446 |
| Balance at December 31, 2014 | 156,234,415 |
| | 68,713,890 |
| Issuances under stock plans | — |
| | (1,003,746 | ) | Purchases for treasury (1) | — |
| | 6,186,101 |
| Balance at December 31, 2015 | 156,234,415 |
| | 73,896,245 |
| Issuances under stock plans | — |
| | (923,696 | ) | Purchases for treasury (1) | — |
| | 610,623 |
| Balance at December 31, 2016 | 156,234,415 |
| | 73,583,172 |
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| | (1) | The Company used a total of $59.0 million, $509.0 million, and $432.0 million in cash for share repurchases in 2016, 2015, and 2014, respectively. |
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Schedule of Accumulated Other Comprehensive (Loss) Income, Net by Components |
The following tables disclose information about changes in accumulated other comprehensive (loss) income ("AOCL/I"), a component of equity, by component and the related amounts reclassified out of AOCL/I to income during the years indicated (net of tax, in thousands) (1):
2016 | | | | | | | | | | | | | | | | | | Interest Rate Swaps | | Defined Benefit Pension Plans | | Foreign Currency Translation Adjustments | | Total | Balance - December 31, 2015 | $ | (3,079 | ) | | $ | (4,832 | ) | | $ | (36,491 | ) | | $ | (44,402 | ) | Changes during the period: | | | | | | | | Change in AOCL/I before reclassifications to income | (2,902 | ) | | (1,113 | ) | | (5,986 | ) | | (10,001 | ) | Reclassifications from AOCL/I to income during the period (2), (3) | 4,572 |
| | 148 |
| | — |
| | 4,720 |
| Other comprehensive income (loss) for the period | 1,670 |
| | (965 | ) | | (5,986 | ) | | (5,281 | ) | Balance - December 31, 2016 | $ | (1,409 | ) | | $ | (5,797 | ) | | $ | (42,477 | ) | | $ | (49,683 | ) |
2015 | | | | | | | | | | | | | | | | | | Interest Rate Swaps | | Defined Benefit Pension Plans | | Foreign Currency Translation Adjustments | | Total | Balance - December 31, 2014 | $ | (1,740 | ) | | $ | (6,028 | ) | | $ | (13,402 | ) | | $ | (21,170 | ) | Changes during the period: | | | | | | | | Change in AOCL/I before reclassifications to income | (6,356 | ) | | 986 |
| | (23,089 | ) | | (28,459 | ) | Reclassifications from AOCL/I to income during the period (2), (3) | 5,017 |
| | 210 |
| | — |
| | 5,227 |
| Other comprehensive (loss) income for the period | (1,339 | ) | | 1,196 |
| | (23,089 | ) | | (23,232 | ) | Balance - December 31, 2015 | $ | (3,079 | ) | | $ | (4,832 | ) | | $ | (36,491 | ) | | $ | (44,402 | ) |
(1) Amounts in parentheses represent debits (deferred losses).
(2) The reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net of tax effect. See Note 11 – Derivatives and Hedging for information regarding the hedges.
(3) The reclassifications related to defined benefit pension plans were recorded in Selling, general and administrative expense, net of tax effect. See Note 13 – Employee Benefits for information regarding the Company’s defined benefit pension plans.
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