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Capital Stock, Accumulated Other Comprehensive Loss and Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Schedule of Share Repurchases | Share repurchases are shown below (in millions except for shares and per share amounts):
For the year ended December 31, | Aggregate Repurchases |  | Cash paid for Repurchases |  | Number of Shares |  | Average Price per Share (2)
2020 (1) | $ | 70.0 |  |  | $ | 70.0 |  |  | 641,149 |  | $ | 109.22 |
2019 | $ | 380.4 |  |  | $ | 384.7 |  |  | 2,819,081 |  | $ | 134.95 |
2018 | $ | 705.2 |  |  | $ | 704.9 |  |  | 4,308,418 |  | $ | 163.69 |
(1) Prior to suspension. (2) Excludes commissions
Dividends Declared and Paid | Dividends declared and paid are shown below (in millions):
For the year ended December 31, | 2020 |  | 2019 |  | 2018
Dividends declared | $ | 62.1 |  |  | $ | 186.3 |  |  | $ | 185.8 |
Dividends paid | $ | 67.3 |  |  | $ | 186.3 |  |  | $ | 186.3 |
Summary of Changes in Accumulated Other Comprehensive Loss, Net of Tax | A summary of changes in accumulated other comprehensive loss, net of tax is shown below (in millions):
For the year ended December 31, | 2020 |  | 2019 |  | 2018
Defined benefit plans: |  |  |  |  |
Balance at beginning of year | $ | (217.6) |  |  | $ | (172.8) |  |  | $ | (184.0) |
Reclassification adjustments (net of tax expense of $4.7 million in 2020, $2.0 million in 2019 and $2.4 million in 2018) | 14.3 |  |  | 5.0 |  |  | 9.0 |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of $23.2 million in 2020, $15.7 million in 2019 and ($0.6) million in 2018) | (73.6) |  |  | (49.8) |  |  | 2.2 |
Balance at end of year | $ | (276.9) |  |  | $ | (217.6) |  |  | $ | (172.8) |
Derivative instruments and hedge activities: |  |  |  |  |
Balance at beginning of year | $ | 9.8 |  |  | $ | (9.7) |  |  | $ | (22.9) |
Reclassification adjustments (net of tax benefit (expense) of ($1.8) million in 2020, $10.2 million in 2019 and $4.1 million in 2018) | 7.5 |  |  | (38.0) |  |  | (15.2) |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of $1.0 million in 2020, ($15.7) million in 2019 and ($7.4) million in 2018) | (4.7) |  |  | 57.5 |  |  | 28.4 |
Balance at end of year | $ | 12.6 |  |  | $ | 9.8 |  |  | $ | (9.7) |
Currency translation adjustments: |  |  |  |  |
Balance at beginning of year | $ | (564.9) |  |  | $ | (523.3) |  |  | $ | (306.5) |
Other comprehensive income (loss) recognized during the period (net of tax benefit of $3.8 million in 2020, $0.9 million in 2019 and $2.3 million in 2018) | 124.1 |  |  | (41.6) |  |  | (216.8) |
Balance at end of year | $ | (440.8) |  |  | $ | (564.9) |  |  | $ | (523.3) |

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