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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Stated Capital
Other Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Treasury Shares
Non- controlling Interest
Beginning Balance at Dec. 31, 2017 $ 1,474.9   $ 53.1 $ 903.8 $ 1,408.4   $ (38.3)   $ (884.3) $ 32.2
Beginning Balance (Cumulative effect of ASU 2014-09) at Dec. 31, 2017   $ 4.0       $ 4.0        
Beginning Balance (Cumulative effect of ASU 2018-02) at Dec. 31, 2017           0.7   $ (0.7)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net Income 305.5       302.8         2.7
Foreign currency translation adjustments (67.4)           (60.5)     (6.9)
Pension and other postretirement liability adjustments 0.4           0.4      
Change in fair value of derivative financial instruments, net of reclassifications 3.8           3.8      
Shares issued for the acquisition of ABC Bearings 66.0     30.9           35.1
Dividends (85.7)       (85.7)          
Stock-based compensation expense 32.3     32.3            
Purchase of treasury shares (98.5)               (98.5)  
Stock option exercise activity 12.8     (3.8)         16.6  
Restricted share activity 0.0     (11.3)         11.3  
Payments related to tax withholding for stock-based compensation (5.4)               (5.4)  
Ending Balance at Dec. 31, 2018 1,642.7   53.1 951.9 1,630.2   (95.3)   (960.3) 63.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net Income 374.7       362.1         12.6
Foreign currency translation adjustments (19.9)           (19.7)     (0.2)
Pension and other postretirement liability adjustments 66.9           66.9      
Change in fair value of derivative financial instruments, net of reclassifications (2.0)           (2.0)      
Change in ownership of noncontrolling interest (0.5)     (10.3)           9.8
Noncontrolling interest acquired 1.8                 1.8
Dividends declared to noncontrolling interest (0.5)                 (0.5)
Dividends (84.9)       (84.9)          
Stock-based compensation expense 27.1     27.1            
Purchase of treasury shares (62.7)               (62.7)  
Stock option exercise activity 27.5     (7.8)         35.3  
Restricted share activity 0.0     (23.3)         23.3  
Payments related to tax withholding for stock-based compensation (15.4)               (15.4)  
Ending Balance at Dec. 31, 2019 1,954.8 $ (0.5) 53.1 937.6 1,907.4 $ (0.5) (50.1)   (979.8) 86.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net Income 292.4       284.5         7.9
Foreign currency translation adjustments 92.7           97.3     (4.6)
Pension and other postretirement liability adjustments (3.5)           (3.5)      
Change in fair value of derivative financial instruments, net of reclassifications (2.4)           (2.4)      
Change in ownership of noncontrolling interest 0.5                 0.5
Noncontrolling interest acquired (1.0)     1.0           (2.0)
Dividends declared to noncontrolling interest (16.1)                 (16.1)
Treasury stock retirement 0.0   (12.4) (213.3) (764.9)       990.6  
Dividends (87.0)       (87.0)          
Stock-based compensation expense 23.2     23.2            
Purchase of treasury shares (49.3)               (49.3)  
Stock option exercise activity 37.4     16.1         21.3  
Restricted share activity 0.0     (23.9)         23.9  
Payments related to tax withholding for stock-based compensation (16.0)               (16.0)  
Ending Balance at Dec. 31, 2020 $ 2,225.2   $ 40.7 $ 740.7 $ 1,339.5   $ 41.3   $ (9.3) $ 72.3