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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Impact of adoption of new accounting standard (ASU 2018-02)
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Impact of adoption of new accounting standard (ASU 2018-02)
Treasury Stock at Cost
Non-controlling Interests
Beginning balance at Dec. 31, 2018 $ 4,134.9 $ (6.6) $ 0.6 $ 835.6 $ (109.0) $ 3,876.8 $ (6.6) $ (1,146.6) $ 677.5
Increase (Decrease) in Stockholders' Equity                  
Net income 305.1         15.7     289.4
Other comprehensive income (loss), net of tax 12.6       0.2       12.4
Share-based compensation 49.9     49.9          
Common stock issued under share-based incentive plans (5.4)     (34.0)       28.6  
Share repurchases (360.8)     2.5       (363.3)  
Dividends (66.1)         (66.1)      
Issuance costs and other 0.1     0.1          
Affiliate equity activity:                  
Affiliate equity compensation 40.5     9.6         30.9
Issuances 11.2     (3.7)         14.9
Purchases 2.9     13.2         (10.3)
Changes in redemption value of Redeemable non-controlling interests (166.0)     (166.0)          
Transfers to Redeemable non-controlling interests (105.0)               (105.0)
Capital contributions and other (0.3)               (0.3)
Distributions to non-controlling interests (347.9)               (347.9)
Ending balance at Dec. 31, 2019 3,499.1   0.6 707.2 (108.8) 3,819.8   (1,481.3) 561.6
Increase (Decrease) in Stockholders' Equity                  
Net income 427.0         202.2     224.8
Other comprehensive income (loss), net of tax 13.7       10.5       3.2
Share-based compensation 67.4     67.4          
Common stock issued under share-based incentive plans (6.5)     (40.9)       34.4  
Share repurchases (430.0)     (19.9)       (410.1)  
Dividends (16.5)         (16.5)      
Affiliate equity activity:                  
Affiliate equity compensation 51.8     20.9         30.9
Issuances 20.1     (5.1)         25.2
Purchases 44.2     58.7         (14.5)
Changes in redemption value of Redeemable non-controlling interests (59.4)     (59.4)          
Transfers to Redeemable non-controlling interests 7.8               7.8
Capital contributions and other 4.9               4.9
Distributions to non-controlling interests (306.3)               (306.3)
Ending balance at Dec. 31, 2020 3,317.3   0.6 728.9 (98.3) 4,005.5   (1,857.0) 537.6
Increase (Decrease) in Stockholders' Equity                  
Net income 890.1         565.7     324.4
Other comprehensive income (loss), net of tax 7.2       10.4       (3.2)
Share-based compensation 63.4     63.4          
Common stock issued under share-based incentive plans (16.7)     (53.5)       36.8  
Repurchases of junior convertible securities (7.1)     (7.1)          
Share repurchases (509.9)     17.3       (527.2)  
Dividends (1.7)         (1.7)      
Investments in Affiliates 247.0               247.0
Affiliate equity activity:                  
Affiliate equity compensation 62.9     17.0         45.9
Issuances 103.9     (16.7)         120.6
Purchases 2.8     23.9         (21.1)
Changes in redemption value of Redeemable non-controlling interests (121.6)     (121.6)          
Transfers to Redeemable non-controlling interests (3.9)               (3.9)
Capital contributions and other 11.2               11.2
Distributions to non-controlling interests (334.3)               (334.3)
Ending balance at Dec. 31, 2021 $ 3,710.6   $ 0.6 $ 651.6 $ (87.9) $ 4,569.5   $ (2,347.4) $ 924.2