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Capital Stock, Accumulated Other Comprehensive Loss and Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
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 (1)
2022 | $ | 100.3 |  |  | $ | 100.3 |  |  | 763,309 |  | $ | 131.37 |
2021 | $ | 100.3 |  |  | $ | 100.3 |  |  | 589,717 |  |  | $ | 170.03 |
2020 | $ | 70.0 |  |  | $ | 70.0 |  |  | 641,149 |  |  | $ | 109.22 |
(1) Excludes commissions.
Dividends Declared and Paid | Dividends declared and paid are shown below (in millions):
For the year ended December 31, | 2022 |  | 2021 |  | 2020
Dividends declared | $ | 186.2 |  |  | $ | 107.9 |  |  | $ | 62.1 |
Dividends paid | $ | 185.5 |  |  | $ | 106.7 |  |  | $ | 67.3 |
Summary of Changes in Accumulated Other Comprehensive Loss, Net of Tax | A summary of changes in accumulated other comprehensive income (loss), net of tax, is shown below (in millions):
For the year ended December 31, | 2022 |  | 2021 |  | 2020
Defined benefit plans: |  |  |  |  |
Balance at beginning of year | $ | (199.4) |  |  | $ | (276.9) |  |  | $ | (217.6) |
Reclassification adjustments (net of tax expense of $1.0 million in 2022, $2.1 million in 2021 and $4.7 million in 2020) | 4.0 |  |  | 7.1 |  |  | 14.3 |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of ($23.9) million in 2022, ($20.6) million in 2021 and $23.2 million in 2020) | 99.7 |  |  | 70.4 |  |  | (73.6) |
Balance at end of year | $ | (95.7) |  |  | $ | (199.4) |  |  | $ | (276.9) |
Derivative instruments and hedge activities: |  |  |  |  |
Balance at beginning of year | $ | (18.6) |  |  | $ | 12.6 |  |  | $ | 9.8 |
Reclassification adjustments (net of tax benefit (expense) of $8.5 million in 2022, $8.7 million in 2021 and ($1.8) million in 2020) | (35.3) |  |  | (36.0) |  |  | 7.5 |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of ($19.1) million in 2022, ($1.2) million in 2021 and $1.0 million in 2020) | 87.3 |  |  | 4.8 |  |  | (4.7) |
Balance at end of year | $ | 33.4 |  |  | $ | (18.6) |  |  | $ | 12.6 |
Currency translation adjustments: |  |  |  |  |
Balance at beginning of year | $ | (552.2) |  |  | $ | (440.8) |  |  | $ | (564.9) |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of ($4.7) million in 2022, ($4.1) million in 2021 and $3.8 million in 2020) | (190.6) |  |  | (111.4) |  |  | 124.1 |
Balance at end of year | $ | (742.8) |  |  | $ | (552.2) |  |  | $ | (440.8) |

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