Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)

Footnote 2 — Stockholders' Equity and Accumulated Other Comprehensive Income (Loss)

On August 2, 2010, the Company entered into an accelerated stock buyback program (the "ASB") with Goldman, Sachs & Co. ("Goldman Sachs"). Under the ASB, on August 10, 2010, the Company paid Goldman Sachs an initial purchase price of $500.0 million, and Goldman Sachs delivered to the Company approximately 25.8 million shares of common stock. The final number of shares that the Company purchased under the ASB was determined based on the average of the daily volume-weighted average share prices of the Company's common stock from August 11, 2010 until March 21, 2011, subject to certain adjustments. Based on a calculated per share price of $17.95, Goldman Sachs delivered approximately 2.0 million additional shares to the Company on March 24, 2011 in connection with the completion of the ASB, and such shares were immediately retired.

The following table displays the components of accumulated other comprehensive loss as of June 30, 2011 (in millions):


	Foreign Currency Translation Loss			Unrecognized Pension & Other Postretirement Costs, net of tax			Derivative Hedging Loss, net of tax			Accumulated Other Comprehensive Loss

Balance at December 31, 2010	$	(179.4	)	$	(425.4	)	$	(0.2	)	$	(605.0	)

Current period change		54.8			11.1			(1.9	)		64.0

Balance at June 30, 2011	$	(124.6	)	$	(414.3	)	$	(2.1	)	$	(541.0	)

Comprehensive income amounted to the following (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010

Net income	$	146.7	$	130.4	$	222.4	$	188.8
Foreign currency translation		9.4		(44.8)		54.8		(77.8)
Unrecognized pension and other postretirement costs, net of tax expense of $1.6 and $3.2 for the three and six months ended June 30, 2011, respectively, and tax expense (benefit) of $2.0 and $(5.3) for the three and six months ended June 30, 2010, respectively, and including translation effects		3.8		2.3		11.1		16.8
Derivative hedging gain (loss), net of tax expense (benefit) of $0.4 and $(0.3) for the three and six months ended June 30, 2011, respectively, and tax expense of $1.3 and $1.0 for the three and six months ended June 30, 2010, respectively		1.0		1.3		(1.9)		1.1

Comprehensive income (1)	$	160.9	$	89.2	$	286.4	$	128.9

(1)	Comprehensive income attributable to noncontrolling interests was not material for disclosure purposes.

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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