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Shareholders' Equity and Noncontrolling Interests | 6 Months Ended
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Jun. 30, 2020
Shareholders' Equity and Noncontrolling Interests |
Shareholders' Equity and Noncontrolling Interests | Note 7—Shareholders’ Equity and Noncontrolling Interests ​ Net income attributable to noncontrolling interests is classified below net income. Earnings per share is determined after the impact of the noncontrolling interests’ share in net income of the Company. In addition, the equity attributable to noncontrolling interests is presented as a separate caption within equity. ​ A rollforward of consolidated changes in equity for the three months ended June 30, 2020 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amphenol Corporation Shareholders
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shares | ​ | ​ | ​ | ​ | Shares | ​ | ​ | ​ | ​ | Additional | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
​ |  | (in millions) |  | Amount |  | (in millions) |  | Amount |  | Paid-In Capital |  | Earnings |  | Loss |  | Interests |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of March 31, 2020 |  | 296.6 |  | $ | 0.3 |  | (0.7) |  | $ | (58.5) |  | $ | 1,720.6 |  | $ | 3,248.5 |  | $ | (525.1) |  | $ | 59.9 |  | $ | 4,445.7
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 257.7 | ​ | ​ | ​ | ​ |  | 2.8 | ​ |  | 260.5
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 30.5 | ​ |  | 0.3 | ​ |  | 30.8
Acquisitions resulting in noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 0.3 | ​ |  | 0.3
Distributions to shareholders of noncontrolling interests | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (1.6) | ​ |  | (1.6)
Purchase of treasury stock | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ |  | — | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | —
Retirement of treasury stock |  | — | ​ | ​ | — | ​ | — | ​ |  | — | ​ | ​ | ​ | ​ |  | — | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | —
Stock options exercised |  | 1.9 | ​ | ​ | — | ​ | 0.5 | ​ | ​ | 37.5 | ​ |  | 97.3 | ​ | ​ | (12.2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 122.6
Dividends declared ($0.25 per common share) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (74.6) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (74.6)
Stock-based compensation expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 16.6 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 16.6
Balance as of June 30, 2020 |  | 298.5 |  | $ | 0.3 |  | (0.2) |  | $ | (21.0) |  | $ | 1,834.5 |  | $ | 3,419.4 |  | $ | (494.6) |  | $ | 61.7 |  | $ | 4,800.3
​ A rollforward of consolidated changes in equity for the six months ended June 30, 2020 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amphenol Corporation Shareholders
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shares | ​ | ​ | ​ | ​ | Shares | ​ | ​ | ​ | ​ | Additional | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
​ |  | (in millions) |  | Amount |  | (in millions) |  | Amount |  | Paid-In Capital |  | Earnings |  | Loss |  | Interests |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of December 31, 2019 |  | 298.7 |  | $ | 0.3 |  | (0.8) |  | $ | (70.8) |  | $ | 1,683.3 |  | $ | 3,348.4 |  | $ | (430.9) |  | $ | 65.9 |  | $ | 4,596.2
Cumulative effect of adoption of credit loss standard (ASU 2016-13) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3.8) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3.8)
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 499.8 | ​ | ​ | ​ | ​ |  | 3.9 | ​ |  | 503.7
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (63.7) | ​ |  | (0.8) | ​ |  | (64.5)
Acquisitions resulting in noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 0.3 | ​ |  | 0.3
Purchase of noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2.1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (5.2) | ​ | ​ | (7.3)
Distributions to shareholders of noncontrolling interests | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (2.4) | ​ |  | (2.4)
Purchase of treasury stock | ​ | ​ | ​ | ​ | ​ | ​ | (2.7) | ​ |  | (257.2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (257.2)
Retirement of treasury stock |  | (2.7) | ​ | ​ | — | ​ | 2.7 | ​ |  | 257.2 | ​ | ​ | ​ | ​ |  | (257.2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | —
Stock options exercised |  | 2.5 | ​ | ​ | — | ​ | 0.6 | ​ | ​ | 49.8 | ​ |  | 121.3 | ​ | ​ | (19.2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 151.9
Dividends declared ($0.50 per common share) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (148.6) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (148.6)
Stock-based compensation expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 32.0 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 32.0
Balance as of June 30, 2020 |  | 298.5 |  | $ | 0.3 |  | (0.2) |  | $ | (21.0) |  | $ | 1,834.5 |  | $ | 3,419.4 |  | $ | (494.6) |  | $ | 61.7 |  | $ | 4,800.3
​ A rollforward of consolidated changes in equity for the three months ended June 30, 2019 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amphenol Corporation Shareholders
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shares | ​ | ​ | ​ | ​ | Shares | ​ | ​ | ​ | ​ | Additional | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
​ |  | (in millions) |  | Amount |  | (in millions) |  | Amount |  | Paid-In Capital |  | Earnings |  | Loss |  | Interests |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of March 31, 2019 |  | 299.4 |  | $ | 0.3 |  | (1.4) |  | $ | (119.7) |  | $ | 1,485.2 |  | $ | 3,142.1 |  | $ | (384.8) |  | $ | 47.3 |  | $ | 4,170.4
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 288.4 | ​ | ​ | ​ | ​ |  | 2.5 | ​ |  | 290.9
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (12.1) | ​ | ​ | (1.0) | ​ |  | (13.1)
Acquisitions resulting in noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 10.0 | ​ |  | 10.0
Purchase of noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (17.5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3.9) | ​ | ​ | (21.4)
Purchase of treasury stock | ​ | ​ | ​ | ​ | ​ | ​ | (2.6) | ​ |  | (248.7) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (248.7)
Retirement of treasury stock |  | (2.6) | ​ | ​ | — | ​ | 2.6 | ​ |  | 248.7 | ​ | ​ | ​ | ​ |  | (248.7) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | —
Stock options exercised |  | 1.6 | ​ | ​ | — | ​ | 0.2 | ​ | ​ | 18.2 | ​ |  | 58.7 | ​ | ​ | (8.9) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 68.0
Dividends declared ($0.23 per common share) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (68.3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (68.3)
Stock-based compensation expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 15.4 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 15.4
Balance as of June 30, 2019 |  | 298.4 |  | $ | 0.3 |  | (1.2) |  | $ | (101.5) |  | $ | 1,541.8 |  | $ | 3,104.6 |  | $ | (396.9) |  | $ | 54.9 |  | $ | 4,203.2
​ ​ A rollforward of consolidated changes in equity for the six months ended June 30, 2019 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amphenol Corporation Shareholders
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Shares | ​ | ​ | ​ | ​ | Shares | ​ | ​ | ​ | ​ | Additional | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
​ |  | (in millions) |  | Amount |  | (in millions) |  | Amount |  | Paid-In Capital |  | Earnings |  | Loss |  | Interests |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of December 31, 2018 |  | 299.2 |  | $ | 0.3 |  | (0.7) |  | $ | (55.0) |  | $ | 1,433.2 |  | $ | 3,028.7 |  | $ | (390.2) |  | $ | 47.2 |  | $ | 4,064.2
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 556.0 | ​ | ​ | ​ | ​ |  | 4.8 | ​ |  | 560.8
Other comprehensive income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (6.7) | ​ |  | — | ​ |  | (6.7)
Acquisitions resulting in noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 10.0 | ​ |  | 10.0
Purchase of noncontrolling interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (17.5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3.9) | ​ | ​ | (21.4)
Distributions to shareholders of noncontrolling interests | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (3.2) | ​ |  | (3.2)
Purchase of treasury stock | ​ | ​ | ​ | ​ | ​ | ​ | (4.4) | ​ |  | (408.7) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (408.7)
Retirement of treasury stock |  | (3.4) | ​ | ​ | — | ​ | 3.4 | ​ |  | 321.1 | ​ | ​ | ​ | ​ |  | (321.1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | —
Stock options exercised |  | 2.6 | ​ | ​ | — | ​ | 0.5 | ​ | ​ | 41.1 | ​ |  | 96.3 | ​ | ​ | (22.2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 115.2
Dividends declared ($0.46 per common share) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (136.8) | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (136.8)
Stock-based compensation expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 29.8 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 29.8
Balance as of June 30, 2019 |  | 298.4 |  | $ | 0.3 |  | (1.2) |  | $ | (101.5) |  | $ | 1,541.8 |  | $ | 3,104.6 |  | $ | (396.9) |  | $ | 54.9 |  | $ | 4,203.2
​ On April 24, 2018, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $2,000.0 of the Company’s Common Stock during the three-year period ending April 24, 2021 (the “2018 Stock Repurchase Program”) in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company did not repurchase any of its Common Stock during the three months ended June 30, 2020, while during the three months ended June 30, 2019, the Company repurchased 2.6 million shares of its Common Stock for $248.7 under the 2018 Stock Repurchase Program. During the six months ended June 30, 2020 and 2019, the Company repurchased 2.7 million and 4.4 million shares of its Common Stock for $257.2 and $408.7, respectively, under the 2018 Stock Repurchase Program. All of the repurchased shares during the first six months of 2020 have been retired by the Company. Of the total repurchases during the first six months of 2019, 1.0 million shares, or $87.6, were retained in Treasury stock at time of repurchase; the remaining 3.4 million shares, or $321.1, were retired by the Company. The Company has not repurchased any additional shares of its Common Stock from July 1, 2020 to July 21, 2020, and has remaining authorization to purchase up to $587.9 of its Common Stock under the 2018 Stock Repurchase Program. The price and timing of any future purchases under the 2018 Stock Repurchase Program will depend on a number of factors such as levels of cash generation from operations, the level of uncertainty relating to the COVID-19 pandemic, the volume of stock option exercises by employees, cash requirements for acquisitions, dividends, economic and market conditions and stock price. ​ Contingent upon declaration by the Board of Directors, the Company generally pays a quarterly dividend on shares of its Common Stock. The following table summarizes the dividends declared and paid for the three and six months ended June 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ |  | 2020 | ​ | 2019 | ​ | 2020 | ​ | 2019 | ​
Dividends declared | ​ | $ | 74.6 | ​ | $ | 68.3 | ​ | $ | 148.6 | ​ | $ | 136.8 | ​
Dividends paid (including those declared in the prior year) | ​ |  | 74.0 | ​ |  | 68.5 | ​ |  | 148.4 | ​ |  | 137.2 | ​
​ On July 23, 2019, the Company’s Board of Directors approved an increase to its quarterly dividend rate from $0.23 to $0.25 per share effective with dividends declared in the third quarter of 2019.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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