XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.21.2

Equity | 9 Months Ended
--- | ---
Sep. 30, 2021
Equity [Abstract] |
Equity | Equity Accumulated other comprehensive income (loss) Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.
(in Millions) | Foreign currency adjustments |  | Derivative Instruments (1) |  | Pension and other postretirement benefits (2) |  | Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2020 | $ | 24.0 |  |  | $ | (71.8) |  |  | $ | (234.4) |  |  | $ | (282.2) |
2021 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (61.1) |  |  | 34.1 |  |  | — |  |  | (27.0) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 11.8 |  |  | 13.2 |  |  | 25.0 |
Net current period other comprehensive income (loss) | $ | (61.1) |  |  | $ | 45.9 |  |  | $ | 13.2 |  |  | $ | (2.0) |
Accumulated other comprehensive income (loss), net of tax at September 30, 2021 | $ | (37.1) |  |  | $ | (25.9) |  |  | $ | (221.2) |  |  | $ | (284.2) |
(in Millions) | Foreign currency adjustments |  | Derivative Instruments (1) |  | Pension and other postretirement benefits (2) |  | Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2019 | $ | (77.7) |  |  | $ | (65.0) |  |  | $ | (269.3) |  |  | $ | (412.0) |
2020 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 28.2 |  |  | 29.3 |  |  | — |  |  | 57.5 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (15.4) |  |  | 12.0 |  |  | (3.4) |
Net current period other comprehensive income (loss) | $ | 28.2 |  |  | $ | 13.9 |  |  | $ | 12.0 |  |  | $ | 54.1 |
Accumulated other comprehensive income (loss), net of tax at September 30, 2020 | $ | (49.5) |  |  | $ | (51.1) |  |  | $ | (257.3) |  |  | $ | (357.9) |
____________________ (1) See Note 18 for more information. (2) See Note 16 for more information. Reclassifications of accumulated other comprehensive income (loss) The table below provides details about the reclassifications from accumulated other comprehensive income (loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented:
Details about Accumulated Other Comprehensive Income Components | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1) | Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(in Millions) | 2021 |  | 2020 |  | 2021 |  | 2020 |
Derivative instruments |  |  |  |  |  |  |  |
Gain (loss) on foreign currency contracts | $ | (1.9) |  |  | $ | (2.5) |  |  | $ | (14.3) |  |  | $ | 28.3 |  | Costs of sales and services
Gain (loss) on foreign currency contracts | 1.7 |  |  | (5.3) |  |  | 2.0 |  |  | (14.0) |  | Selling, general and administrative expenses
Gain (loss) on interest rate contracts | (1.0) |  |  | 1.1 |  |  | (3.1) |  |  | 1.6 |  | Interest expense, net
Total before tax | $ | (1.2) |  |  | $ | (6.7) |  |  | $ | (15.4) |  |  | $ | 15.9 |  |
| 0.6 |  |  | 3.4 |  |  | 3.6 |  |  | (0.5) |  | Provision for income taxes
Amount included in net income (loss) | $ | (0.6) |  |  | $ | (3.3) |  |  | $ | (11.8) |  |  | $ | 15.4 |  |
Pension and other postretirement benefits (2) |  |  |  |  |  |  |  |
Amortization of prior service costs | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.2) |  |  | $ | (0.2) |  | Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses) | (5.2) |  |  | (10.4) |  |  | (16.1) |  |  | (14.4) |  | Non-operating pension and postretirement charges (income)
Recognized loss due to curtailment and settlement | (0.4) |  |  | (0.6) |  |  | (0.4) |  |  | (0.6) |  | Non-operating pension and postretirement charges (income); Discontinued operations, net of income taxes
Total before tax | $ | (5.7) |  |  | $ | (11.1) |  |  | $ | (16.7) |  |  | $ | (15.2) |  |
| 1.2 |  |  | 2.3 |  |  | 3.5 |  |  | 3.2 |  | Provision for income taxes; Discontinued operations, net of income taxes
Amount included in net income (loss) | $ | (4.5) |  |  | $ | (8.8) |  |  | $ | (13.2) |  |  | $ | (12.0) |  |
Total reclassifications for the period | $ | (5.1) |  |  | $ | (12.1) |  |  | $ | (25.0) |  |  | $ | 3.4 |  | Amount included in net income
____________________ (1)Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss). (2)Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 16. Dividends and Share Repurchases During the nine months ended September 30, 2021 and September 30, 2020, we paid dividends of $186.2 million and $171.3 million, respectively. On October 21, 2021, we paid dividends totaling $61.0 million to our shareholders of record as of September 30, 2021. This amount is included in "Accrued and other liabilities" on the condensed consolidated balance sheet as of September 30, 2021. During the nine months ended September 30, 2021, 3 million shares were repurchased under the publicly announced repurchase program. At September 30, 2021, approximately $250 million remained unused under our Board-authorized repurchase program. This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors. We also reacquire shares from time to time from employees in connection with the vesting, exercise and forfeiture of awards under our equity compensation plans.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: 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 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: 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 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration