10. Shareholders’ Investment

The company repurchased approximately 1.5 million shares of common stock for $154.8 million in the three months ended March 31, 2013 under its previously announced $500 million share repurchase authorization.

Other Comprehensive Income (Loss)

During the first quarter of 2013, the company adopted new Financial Accounting Standards Board guidance that requires the company to present information about reclassification adjustments from accumulated other comprehensive loss. Under this statement, the company will present the effect of amounts reclassified from each component of accumulated other comprehensive loss based on its source and the income statement line items affected by the reclassification. The company has elected to present this information in a note to the condensed consolidated financial statements.

The changes in accumulated other comprehensive income (loss) by component are as follows:


	Change in Derivative Instruments Designated as Cash Flow Hedges			Foreign Currency Translation Adjustment			Benefit Plan Adjustments			Total
(dollars in millions)
Balance at December 31, 2011	$	(1.4	)	$	41.1		$	(106.3	)	$	(66.6	)
Other comprehensive income (loss) before reclassifications		4.5			4.7			—			9.2
Tax (provision) benefit related to other comprehensive income (loss) before reclassifications⁽^a⁾		(1.6	)		—			—			(1.6	)
Reclassifications, net of tax		(0.6	)		—			1.7			1.1

Other comprehensive income (loss)		2.3			4.7			1.7			8.7

Balance at March 31, 2012	$	0.9		$	45.8		$	(104.6	)	$	(57.9	)


Balance at December 31, 2012	$	(0.7	)	$	32.6		$	(113.1	)	$	(81.2	)
Other comprehensive income (loss) before income taxes		4.0			(2.1	)		—			1.9
Tax (provision) benefit related to other comprehensive income (loss) before reclassifications⁽^a⁾		(1.2	)		—			—			(1.2	)
Reclassifications, net of tax		0.4			—			2.2			2.6

Other comprehensive income (loss)		3.2			(2.1	)		2.2			3.3

Balance at March 31, 2013	$	2.5		$	30.5		$	(110.9	)	$	(77.9	)

(a)	Income taxes are not provided for foreign currency translation adjustment.

Amounts reclassified out of each component of accumulated other comprehensive loss to income are as follows:


Accumulated Other Comprehensive Income (Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31,
	2013			2012
(dollars in millions)
(Losses) gains on cash flow hedges^(a)	$	(0.7	)	$	0.8		Total before income tax
		0.3			(0.2	)	Tax (provision) benefit

	$	(0.4	)	$	0.6		Net of tax


Amortization of defined benefit plan items^(b)	$	(3.4	)	$	(2.5	)	Total before income tax
		1.2			0.8		Tax (provision) benefit

	$	(2.2	)	$	(1.7	)	Net of tax

	$	(2.6	)	$	(1.1	)

(a)	See Note 5 of the notes to the condensed consolidated financial statements.

(b)	These components are included in the computation of net periodic pension cost. See Note 9 to the condensed consolidated financial statements.