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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Preferred Stock and Common Shareholders' Equity
PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITY
The Company is authorized to issue up to 265.0 shares of common stock, par value $0.10 per share. The Company’s treasury shares are recorded at aggregate cost. The Company is authorized to issue up to 30.0 shares of preferred stock, par value $0.10 per share. There were no preferred shares outstanding as of March 31, 2018 and December 31, 2017.
The changes in common shares issued and held in treasury are summarized below:
 
Issued
 
Held in Treasury
 
Outstanding
Common shares at December 31, 2017
125.1

 
(23.2
)
 
101.9

Common stock issued under employee stock plans
0.6

 
—

 
0.6

Retirement of common stock
(0.4
)
 
—

 
(0.4
)
Common shares at March 31, 2018
125.3

 
(23.2
)
 
102.1


 Share Repurchase Program
At the end of 2017, the Company had outstanding authorization from the board of directors to purchase up to $401.4 of Company common stock. During the three months ended March 31, 2018, the Company purchased 0.4 shares of its common stock at a total cost of $75.0. On April 24, 2018, the board authorized an increase in the Company’s share repurchase program to a total of 1,000.0. The repurchase authorization has no expiration.
Accumulated Other Comprehensive Earnings
     The components of accumulated other comprehensive earnings are as follows:
 
Foreign
Currency
Translation
Adjustments
 
Net
Benefit
Plan
Adjustments
 
Accumulated
Other
Comprehensive
Earnings (Loss)
Balance at December 31, 2017
$
(240.7
)
 
$
(93.0
)
 
$
(333.7
)
  Other comprehensive earnings before reclassifications
39.3

 
3.0

 
42.3

  Tax effect of adjustments
11.4

 
(1.2
)
 
10.2

Balance at March 31, 2018
$
(190.0
)
 
$
(91.2
)
 
$
(281.2
)