Shareholders' Investment

3 Months Ended

Mar. 31, 2015

Shareholders' Investment

9. Shareholders’ Investment

The company repurchased approximately 1.2 million shares of common stock for $204.2 million in the three months ended March 31, 2015 under its previously announced share repurchase authorization.

Other Comprehensive Income (Loss)

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

	Derivative Instruments Designated as   Cash Flow Hedges			Foreign Currency  Translation Adjustments		Benefit Plans			Total
(dollars in millions)
Balance at December 31, 2013	$	—		$	47.3	$	(68.2)		$	(20.9)
Other comprehensive income (loss) before reclassifications		0.3			1.0		—			1.3
Tax (provision) benefit related to other comprehensive income (loss) before reclassifications(a)		0.3			—		—			0.3
Other comprehensive income (loss) before reclassifications, net of taxes		0.6			1.0		—			1.6
Amounts reclassified from accumulated other comprehensive income (loss)		—(b)			—		2.4(	c)		2.4
Tax provision (benefit) related to amounts reclassified from accumulated other comprehensive income (loss)		(0.2)			—		(0.8)			(1.0)
Reclassifications, net of tax		(0.2)			—		1.6			1.4
Other comprehensive income (loss)		0.4			1.0		1.6			3.0
Balance at March 31, 2014	$	0.4		$	48.3	$	(66.6)		$	(17.9)
Balance at December 31, 2014	$	0.9		$	(3.1)	$	(86.6)		$	(88.8)
Other comprehensive income (loss) before reclassifications		0.2			(53.7)		—			(53.5)
Tax (provision) benefit related to other comprehensive income (loss) before reclassifications(a)		1.3			—		—			1.3
Other comprehensive income (loss) before reclassifications, net of taxes		1.5			(53.7)		—			(52.2)
Amounts reclassified from accumulated other comprehensive income (loss)		(1.9)(b	)		—		2.9(	c)		1.0
Tax provision (benefit) related to amounts reclassified from accumulated other comprehensive income (loss)		0.5			—		(1.0)			(0.5)
Reclassifications, net of tax		(1.4)			—		1.9			0.5
Other comprehensive income (loss)		0.1			(53.7)		1.9			(51.7)
Balance at March 31, 2015	$	1.0		$	(56.8)	$	(84.7)		$	(140.5)

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

(b) See Note 4 of the notes to condensed consolidated financial statements.

(c) These components are included in the computation of net periodic pension cost. See Note 8 of the notes to condensed consolidated financial statements.