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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Changes in common shares issued and held in treasury
The changes in common shares issued are summarized below:
Issued and Outstanding
Common shares at December 31, 202097.5 
Common stock issued under employee stock plans0.6 
Retirement of common stock(0.3)
Common shares at March 31, 202197.8 
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2020$(21.3)$(140.6)$(161.9)
  Current year adjustments
(66.8)3.0 (63.8)
  Tax effect of adjustments— (0.8)(0.8)
Balance as of March 31, 2021$(88.1)$(138.4)$(226.5)
Accumulated Other Comprehensive Income (Loss) [Line Items]  
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 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, 2021, and December 31, 2020.
The changes in common shares issued are summarized below:
Issued and Outstanding
Common shares at December 31, 202097.5 
Common stock issued under employee stock plans0.6 
Retirement of common stock(0.3)
Common shares at March 31, 202197.8 
Share Repurchase Program
During the three months ended March 31, 2021, the Company purchased 0.3 shares of its common stock at an average price of $218.27. When the Company repurchases shares, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted. Remaining amounts are recognized as a reduction in retained earnings. As of March 31, 2021, the Company had outstanding authorization from the board of directors to purchase up to $731.5 of the Company's common stock. The repurchase authorization has no expiration date.
Accumulated Other Comprehensive Earnings
     The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2020$(21.3)$(140.6)$(161.9)
  Current year adjustments
(66.8)3.0 (63.8)
  Tax effect of adjustments— (0.8)(0.8)
Balance as of March 31, 2021$(88.1)$(138.4)$(226.5)