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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Cumulative effect of accounting change
[2]
Common Stock
Preferred Stock
Preferred Stock
Preferred Stock
Additional Paid-in Capital
Additional Paid-in Capital
Common Stock
Additional Paid-in Capital
Preferred Stock
Additional Paid-in Capital
Cumulative effect of accounting change
[2]
Treasury Stock
Retained Earnings
Retained Earnings
Cumulative effect of accounting change
[2]
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Beginning Balance at Dec. 31, 2019 $ 1,232.4       $ 0.4 $ 0.0   $ 762.8       $ 0.0 $ 500.3   $ (35.9) $ 4.8
Beginning balance (shares) at Dec. 31, 2019         35,800,000                      
Preferred stock balance at the beginning (in shares) at Dec. 31, 2019           0                    
Increase (Decrease) in Stockholders' Equity                                
Net income 309.5                       308.1     1.4
Other comprehensive loss 38.3                           38.3  
Share-based compensation expense 8.9             8.9                
Common stock issued from share-based compensation plans 11.0             11.0                
Common stock issued from share-based compensation plans (shares)         420,000                      
Common stock repurchases from share-based compensation plans (1.9)             (1.9)                
Common stock repurchases from share-based compensation plan (shares)         (30,000.00)                      
Common stock repurchases [1] (19.3)                     (19.3)        
Other (0.4)                             0.4
Ending Balance at Dec. 31, 2020 1,579.3     $ (26.2) $ 0.4 $ 0.0   780.8     $ (36.9) (19.3) 808.4 $ 10.7 2.4 6.6
Ending balance (shares) at Dec. 31, 2020         36,190,000                      
Preferred stock balance at the end (in shares) at Dec. 31, 2020           0                    
Increase (Decrease) in Stockholders' Equity                                
Net income 60.9                       59.1     1.8
Other comprehensive loss (24.1)                           (24.1)  
Share-based compensation expense 11.2             11.2                
Common stock issued from share-based compensation plans 6.9             6.9                
Common stock issued from share-based compensation plans (shares)         260,000                      
Common stock repurchases from share-based compensation plans (6.4)             (6.4)                
Common stock repurchases from share-based compensation plan (shares)         (40,000.00)                      
Acquisition of Earthly Labs Inc. 23.4             23.4                
Acquisition of Earthly Labs Inc. (in shares)         140,000                      
Other 0.2                             0.2
Ending Balance at Dec. 31, 2021 $ 1,625.2       $ 0.4 $ 0.0   779.0       (19.3) 878.2   (21.7) 8.6
Ending balance (shares) at Dec. 31, 2021 36,548,330       36,550,000                      
Preferred stock balance at the end (in shares) at Dec. 31, 2021 0         0                    
Increase (Decrease) in Stockholders' Equity                                
Net income $ 25.0                       24.0     1.0
Other comprehensive loss (36.3)                           (36.3)  
Share-based compensation expense 10.6             10.6                
Common stock issued from share-based compensation plans $ 2.2             2.2                
Common stock issued from share-based compensation plans (shares) 30,000.00       110,000                      
Common stock repurchases from share-based compensation plans $ (3.6)             (3.6)                
Common stock repurchases from share-based compensation plan (shares)         (20,000.00)                      
Stock issuance, net of equity issuance costs   $ 675.1 $ 388.1           $ 675.1 $ 388.1            
Stock issuance, net of equity issuance costs (shares)         5,920,000   400,000                  
Acquisition of Earthly Labs Inc. (1.2)             (1.2)                
Other (0.8)                             (0.8)
Ending Balance at Dec. 31, 2022 $ 2,684.3       $ 0.4 $ 0.0   $ 1,850.2       $ (19.3) $ 902.2   $ (58.0) $ 8.8
Ending balance (shares) at Dec. 31, 2022 42,563,032       42,560,000                      
Preferred stock balance at the end (in shares) at Dec. 31, 2022 402,500         400,000                    
[1] Includes $19.3 in shares repurchased through our share repurchase program. Refer to Note 2, “Significant Accounting Policies,” for further information.
[2] Refer to Note 2, “Significant Accounting Policies” for discussion regarding cumulative effect of change in accounting principle.