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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Schedule of cash dividends declared per common share Cash dividends declared and paid per common share for the three months ended March 31, 2021 and 2020, were as follows: 
 Three months ended March 31,
 20212020
Cash dividends declared and paid per common share$0.63 $0.62 
Schedule of reconciliation of weighted average number of shares A reconciliation of these amounts is as follows (in millions):
Three months ended March 31,
20212020
Weighted average number of common shares outstanding 61.6 61.4 
Director Plan and deferred stock units 0.3 0.2 
ESOP 0.1 0.3 
Common shares outstanding—basic 62.0 61.9 
Dilutive effect of restricted stock units0.6 — 
Dilutive effect of stock option awards0.8 — 
Common and potential common shares outstanding—diluted 63.4 61.9 
Schedule of changes in accumulated other comprehensive income (loss) balances
Changes in the accumulated other comprehensive loss balance are as follows (in millions):
Foreign Currency TranslationCash Flow
Hedging Derivatives
Retirement Plan and Other ActivityAccumulated Other
Comprehensive Loss
Balance as of December 31, 2020$(39.1)$(15.5)$(3.8)$(58.4)
Reclassification to the statement of income — 2.1 0.1 2.2 
Change in fair value (15.6)(0.7)— (16.3)
Balance as of March 31, 2021$(54.7)$(14.1)$(3.7)$(72.5)
Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments
The table below provides the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the statements of income (loss) for cash flow derivatives designated as hedging instruments and retirement plan activity for the three months ended March 31, 2021 and 2020 (in millions): 
Derivatives in Cash Flow Hedging Relationships and Other ActivityLocation of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into IncomeThree months ended March 31,
20212020
Foreign currency contractsOther (income) expense, net$(0.7)$— 
Foreign currency contractsCost of sales0.6 0.5 
Interest rate contractsInterest expense(2.0)(0.5)
Retirement plan activityOperating expenses(0.1)(0.1)
Total$(2.2)$(0.1)