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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Common Stock in Treasury at Cost
Balance at Dec. 31, 2021 $ 3,204.3 $ 0.7 $ 792.4 $ 3,238.5 $ (128.6) $ (698.7)
Net income 31.9     31.9    
Employee pension and postretirement benefits, net of tax 0.8       0.8  
Currency translation adjustments (40.4)       (40.4)  
Derivative instruments, net of tax 5.2       5.2  
Cash dividends (48.9)     (48.9)    
Repurchases of Common Stock (155.0)         (155.0)
Exercise of stock options 2.3   (0.2)     2.5
Stock-based compensation expense 13.5   13.5      
Payment of stock-based restricted and performance shares     (2.8)     2.8
Shares tendered for taxes on stock-based compensation (1.7)         (1.7)
Other     (0.4) (0.1)   0.5
Balance at Jun. 30, 2022 3,012.0 0.7 802.5 3,221.4 (163.0) (849.6)
Balance at Mar. 31, 2022 3,097.8 0.7 798.2 3,213.8 (133.9) (781.0)
Net income 32.1     32.1    
Employee pension and postretirement benefits, net of tax 0.4       0.4  
Currency translation adjustments (33.9)       (33.9)  
Derivative instruments, net of tax 4.4       4.4  
Cash dividends (24.4)     (24.4)    
Repurchases of Common Stock (70.0)         (70.0)
Exercise of stock options 0.4         0.4
Stock-based compensation expense 6.7   6.7      
Payment of stock-based restricted and performance shares     (2.3)     2.3
Shares tendered for taxes on stock-based compensation (1.3)         (1.3)
Other (0.2)   (0.1) (0.1)    
Balance at Jun. 30, 2022 3,012.0 0.7 802.5 3,221.4 (163.0) (849.6)
Balance at Dec. 31, 2022 3,185.7 0.7 806.0 3,315.0 (92.3) (843.7)
Net income 263.5     263.5    
Employee pension and postretirement benefits, net of tax (0.8)       (0.8)  
Currency translation adjustments 14.9       14.9  
Derivative instruments, net of tax (5.0)       (5.0)  
Cash dividends (53.6)     (53.6)    
Repurchases of Common Stock (22.6)         (22.6)
Exercise of stock options 2.8   0.5     2.3
Stock-based compensation expense 15.6   15.6      
Payment of stock-based restricted and performance shares     (5.6)     5.6
Shares tendered for taxes on stock-based compensation (3.8)         (3.8)
Other 0.1   (0.4)     0.5
Balance at Jun. 30, 2023 3,396.8 0.7 816.1 3,524.9 (83.2) (861.7)
Balance at Mar. 31, 2023 3,247.2 0.7 808.0 3,376.7 (83.3) (854.9)
Net income 175.0     175.0    
Employee pension and postretirement benefits, net of tax (0.4)       (0.4)  
Currency translation adjustments 3.5       3.5  
Derivative instruments, net of tax (3.0)       (3.0)  
Cash dividends (26.8)     (26.8)    
Repurchases of Common Stock (7.4)         (7.4)
Exercise of stock options 0.3         0.3
Stock-based compensation expense 8.8   8.8      
Payment of stock-based restricted and performance shares     (0.9)     0.9
Shares tendered for taxes on stock-based compensation (0.4)         (0.4)
Other     0.2     (0.2)
Balance at Jun. 30, 2023 $ 3,396.8 $ 0.7 $ 816.1 $ 3,524.9 $ (83.2) $ (861.7)