XML 25 R10.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Previously Reported
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock, $0.10 Par Value
Common Stock, $0.10 Par Value
Previously Reported
Common Stock, $0.10 Par Value
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital In Excess of Par
Capital In Excess of Par
Previously Reported
Capital In Excess of Par
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Previously Reported
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Previously Reported
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Previously Reported
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Non-controlling Interest
Non-controlling Interest
Previously Reported
Non-controlling Interest
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2019 $ 2,665.6 $ 2,561.4 $ 104.2 $ 2,665.6   $ 18.6 $ 18.6   $ 829.7 $ 829.7 $ 4,286.4 $ 4,188.8 $ 97.6 $ 4,286.4 $ (405.4) $ (412.0) $ 6.6 $ (405.4)   $ (2,092.8) $ (2,092.8)   $ 29.1 $ 29.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income (loss) 551.5 550.6                 552.4                     $ (0.9)    
Stock compensation plans 43.5             $ 33.1                     $ 10.4          
Shares for benefit plan trust (0.4)                                   (0.4)          
Net pension and other benefit actuarial gains (losses) and prior service cost, net of income tax 29.8 34.9                         29.8                  
Net hedging gains (losses) and other, net of income tax (6.8)                           (6.8)                  
Foreign currency translation adjustments 102.0 [1]                           101.7             0.3    
Dividends (233.9)                   (233.9)                          
Repurchases of common stock (58.4)                                   (58.4)          
Acquisition of noncontrolling interests [2] (7.4)             (2.6)                           (4.8)    
Distributions to noncontrolling interests (1.3)                                         (1.3)    
Ending balance at Dec. 31, 2020 3,084.2 2,984.2     $ 18.6     860.2     4,604.9 4,506.4     (280.7) (282.2)     (2,141.2)     22.4    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income (loss) 737.1 734.0                 739.6                     (2.5)    
Stock compensation plans 25.7             20.2                     5.5          
Shares for benefit plan trust 1.6                                   1.6          
Net pension and other benefit actuarial gains (losses) and prior service cost, net of income tax (7.9) 3.4                         (7.9)                  
Net hedging gains (losses) and other, net of income tax 49.6                           49.6                  
Foreign currency translation adjustments (87.0) [1]                           (86.5)             (0.5)    
Dividends (251.6)                   (251.6)                          
Repurchases of common stock (408.0)                                   (408.0)          
Ending balance at Dec. 31, 2021 3,143.7 3,051.9     18.6     880.4     5,092.9 $ 4,991.3     (325.5) $ (315.7)     (2,542.1)     19.4    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Net income (loss) 741.5 735.7                 736.5                     5.0    
Stock compensation plans 33.5             28.8                     4.7          
Shares for benefit plan trust 0.1                                   0.1          
Net pension and other benefit actuarial gains (losses) and prior service cost, net of income tax (6.6) (0.8)                         (6.6)                  
Net hedging gains (losses) and other, net of income tax (29.5)                           (29.5)                  
Foreign currency translation adjustments (98.9) [1]                           (98.0)             (0.9)    
Dividends (273.5)                   (273.5)                          
Repurchases of common stock (108.9)                                   (108.9)          
Distributions to noncontrolling interests (0.5)                                         (0.5)    
Ending balance at Dec. 31, 2022 $ 3,400.9 $ 3,309.1     $ 18.6     $ 909.2     $ 5,555.9       $ (459.6)       $ (2,646.2)     $ 23.0    
[1] Income taxes are not provided for foreign currency translation because the related investments are essentially permanent in duration.
[2] See Note 17 to the consolidated financial statements included within this Form 10-K for more detail on transactions with noncontrolling interest.