XML 24 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
 
(a) Treasury Stock. The Board of Directors authorized increases to the Company's share repurchase authorization of $211.4 million and $325.3 million during February and April 2021, respectively. The Company repurchased 1.6 million, under the program, for approximately $61.6 million during the three months ended June 30, 2021. The Company did not repurchase shares under the program during the three months ended June 30, 2020. The Company repurchased 10.0 million and 2.6 million shares, under the program, for approximately $361.4 million and $187.5 million during the six months ended June 30, 2021 and 2020, respectively. These amounts may differ from the repurchases of common stock amounts in the Condensed Consolidated Statements of Cash Flows due to unsettled share repurchases at the end of a period. As of June 30, 2021, the Company had approximately $376.8 million remaining under its share repurchase authorization.

In addition, the Company acquired shares upon the vesting of certain restricted stock units ("RSUs") and performance restricted stock units ("PRSUs"), which were withheld to satisfy tax withholding obligations during each of the three and six months ended June 30, 2021 and 2020. The shares withheld were valued at the closing price of the stock on the New York Stock Exchange on the vesting date or first business day prior to vesting, resulting in approximately $0.8 million and $0.2 million in treasury stock acquired during the three months ended June 30, 2021 and 2020, respectively. The Company acquired approximately $14.1 million and $12.0 million in treasury stock during the six months ended June 30, 2021 and 2020, respectively.
(b) AOCL. AOCL consisted of the following:
Three Months EndedSix Months Ended
 June 30,June 30,
(in millions)2021202020212020
Foreign Currency Translation
Balance at beginning of period$(69.4)$(105.2)$(58.6)$(82.2)
Other comprehensive loss:
Foreign currency translation adjustments (1)
6.7 10.7 (4.1)(12.3)
Balance at end of period$(62.7)$(94.5)$(62.7)$(94.5)
Pensions
Balance at beginning of period$(6.9)$(5.5)$(6.9)$(5.5)
Other comprehensive loss:
Net change from period revaluations— — — 0.1 
Tax expense (2)
— — — (0.1)
Total other comprehensive income before reclassifications, net of tax$— $— $— $— 
Net amount reclassified to earnings (1)
— — — — 
Tax benefit (2)
— — — — 
Total amount reclassified from accumulated other comprehensive loss, net of tax$— $— $— $— 
Total other comprehensive loss— — — — 
Balance at end of period$(6.9)$(5.5)$(6.9)$(5.5)
(1)
In 2021 and 2020, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.