Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity

NOTE F – Stockholders’ Equity

Comprehensive Income

The components of comprehensive income, net of any related tax, were as follows:

	Three Months Ended March 31
	2012			2011
Net income	$	327.3		$	193.3
Other comprehensive income:
Currency translation gains		91.3			121.5
Derivative contracts (decrease) increase		(1.0	)		13.1
Marketable securities increase (decrease)		.3			(1.5	)
Employee benefit plans increase (decrease)		4.5			(.9	)
Net other comprehensive income		95.1			132.2
Comprehensive income	$	422.4		$	325.5

In the three months ended March 31, 2012 and 2011, currency translation gains are primarily due to increases in the euro.

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss was comprised of the following:

	March 31 2012			December 31 2011
Currency translation adjustment	$	365.8		$	274.5
Net unrealized losses on derivative contracts		(23.0	)		(22.0	)
Net unrealized gain on investments		6.9			6.6
Employee benefit plans		(473.6	)		(478.1	)
Total accumulated other comprehensive loss	$	(123.9	)	$	(219.0	)

Stock Compensation Plans

Stock-based compensation expense was $5.9 and $7.0 for the three months ended March 31, 2012 and 2011, respectively. Realized tax benefits related to the excess of deductible amounts over expense recognized amounted to $.8 and $.4 for the three months ended March 31, 2012 and 2011, respectively, and have been classified as a financing cash flow.

During the first quarter of 2012, the Company issued 318,454 common shares under deferred and stock compensation arrangements.