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Equity | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Equity | Equity The following is a summary of our capital stock activity over the past three years:
| Common Stock Shares |  | Treasury Stock Shares
December 31, 2019 | 185,983,792 |  |  | 56,859,498 |
Stock options and awards | — |  |  | (677,827) |
Repurchases of common stock, net | — |  |  | 448,538 |
December 31, 2020 | 185,983,792 |  |  | 56,630,209 |
Stock options and awards | — |  |  | (300,594) |
Repurchases of common stock, net | — |  |  | 3,954,698 |
December 31, 2021 | 185,983,792 |  |  | 60,284,313 |
Stock options and awards | — |  |  | (286,805) |
Repurchases of common stock, net | — |  |  | 875,480 |
December 31, 2022 | 185,983,792 |  |  | 60,872,988 |
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, 2019 (as previously reported) | $ | (77.7) |  |  | $ | (65.0) |  |  | $ | (269.3) |  |  | $ | (412.0) |
Cumulative Effect of Accounting Changes (See Note 1) | — |  |  | — |  |  | 6.6 |  |  | 6.6 |
Accumulated other comprehensive income (loss), net of tax at December 31, 2019 | $ | (77.7) |  |  | $ | (65.0) |  |  | $ | (262.7) |  |  | $ | (405.4) |
2020 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | $ | 101.7 |  |  | $ | (2.5) |  |  | $ | 17.3 |  |  | $ | 116.5 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (4.3) |  |  | 12.5 |  |  | 8.2 |
Accumulated other comprehensive income (loss), net of tax at December 31, 2020 | $ | 24.0 |  |  | $ | (71.8) |  |  | $ | (232.9) |  |  | $ | (280.7) |
2021 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | $ | (86.5) |  |  | $ | 44.1 |  |  | $ | (17.4) |  |  | $ | (59.8) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 5.5 |  |  | 9.5 |  |  | 15.0 |
Accumulated other comprehensive income (loss), net of tax at December 31, 2021 | $ | (62.5) |  |  | $ | (22.2) |  |  | $ | (240.8) |  |  | $ | (325.5) |
2022 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | $ | (102.2) |  |  | $ | (65.4) |  |  | $ | (15.7) |  |  | $ | (183.3) |
Amounts reclassified from accumulated other comprehensive income (loss) | 4.2 |  |  | 35.9 |  |  | 9.1 |  |  | 49.2 |
Accumulated other comprehensive income (loss), net of tax at December 31, 2022 | $ | (160.5) |  |  | $ | (51.7) |  |  | $ | (247.4) |  |  | $ | (459.6) |
____________________ (1)See Note 19 to the consolidated financial statements included within this Form 10-K for more information. (2)See Note 15 to the consolidated financial statements included within this Form 10-K for more information. Certain amounts have been adjusted to reflect the change in pension accounting method, as described in Note 1 to the consolidated financial statements included within this Form 10-K. 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 consolidated statements of income (loss) for each of the periods presented.
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1) |  | Affected Line Item in the Consolidated Statements of Income (Loss)
|  | Year Ended December 31, |  |
(in Millions) |  | 2022 |  | 2021 |  | 2020 |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Exit from Russian Operations (2) |  | $ | (4.2) |  |  | $ | — |  |  | $ | — |  |  | Restructuring and other charges (income)
Derivative instruments: |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | (57.5) |  |  | $ | (4.7) |  |  | $ | 24.6 |  |  | Costs of sales and services
Foreign currency contracts |  | 6.5 |  |  | 1.7 |  |  | (19.3) |  |  | Selling, general and administrative expenses
Interest rate contracts |  | (4.0) |  |  | (4.2) |  |  | (2.7) |  |  | Interest expense
Total before tax |  | $ | (55.0) |  |  | $ | (7.2) |  |  | $ | 2.6 |  |  |
|  | 19.1 |  |  | 1.7 |  |  | 1.7 |  |  | Provision for income taxes
Amount included in net income |  | $ | (35.9) |  |  | $ | (5.5) |  |  | $ | 4.3 |  |  |
Pension and other postretirement benefits (3): |  |  |  |  |  |  |  |
Amortization of prior service costs |  | $ | (0.1) |  |  | $ | (0.2) |  |  | $ | (0.3) |  |  | Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses) |  | (10.9) |  |  | (10.8) |  |  | (14.8) |  |  | Non-operating pension and postretirement charges (income)
Recognized loss due to settlement/curtailment |  | (0.5) |  |  | (1.0) |  |  | (0.7) |  |  | Non-operating pension and postretirement charges (income); Discontinued operations, net of income taxes
Total before tax |  | $ | (11.5) |  |  | $ | (12.0) |  |  | $ | (15.8) |  |  |
|  | 2.4 |  |  | 2.5 |  |  | 3.3 |  |  | Provision for income taxes; Discontinued operations, net of income taxes
Amount included in net income |  | $ | (9.1) |  |  | $ | (9.5) |  |  | $ | (12.5) |  |  |
Total reclassifications for the period |  | $ | (49.2) |  |  | $ | (15.0) |  |  | $ | (8.2) |  |  | Amount included in net income
____________________ (1)Amounts in parentheses indicate charges to the consolidated statements of income (loss). (2)The reclassification of historical cumulative translation adjustments was the result of the exit from our Russian operations. See Note 9 within these consolidated financial statements for more information. (3)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 15 to the consolidated financial statements included within this Form 10-K. Certain amounts have been adjusted to reflect the change in pension accounting method, as described in Note 1 to the consolidated financial statements included within this Form 10-K. Transactions with Noncontrolling Interest In July 2020, we purchased the remaining 49 percent ownership interest in our Indonesia joint venture, PT Bina Guna Kimia ("BGK"), for $7.4 million which increased our ownership from 51 percent to 100 percent. Dividends and Share Repurchases On January 19, 2023, we paid dividends totaling $72.7 million to our shareholders of record as of December 31, 2022. This amount is included in "Accrued and other liabilities" on the consolidated balance sheets as of December 31, 2022. For the years ended December 31, 2022, 2021 and 2020, we paid $267.5 million, $247.2 million and $228.5 million in dividends, respectively. In 2022, 875,480 shares were repurchased under the publicly announced repurchase program. At December 31, 2022, approximately $900 million remained unused under our Board-authorized repurchase program. In February 2022, the Board of Directors authorized the repurchase of up to $1 billion of the Company's common stock. The $1 billion share repurchase program replaced in its entirety the previous authorization. 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.

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