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Changes in Equity and Comprehensive Income | 9 Months Ended
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Sep. 30, 2015
Equity [Abstract] |
Changes in Equity and Comprehensive Income | Changes in Equity and Accumulated Other Comprehensive Income A summary of the changes in equity for the nine months ended September 30, 2015 and 2014 is provided below:
| Nine Months Ended September 30,
| 2015 |  | 2014
(in millions) | Total Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity |  | Total Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity
Balance, beginning of period | $ | 1,059.8 |  |  | $ | 10.8 |  |  | $ | 1,070.6 |  |  | $ | 1,204.3 |  |  | $ | 10.4 |  |  | $ | 1,214.7 |
Dividends | (57.4 | ) |  | — |  |  | (57.4 | ) |  | (54.8 | ) |  | — |  |  | (54.8 | )
Reacquisition on open market | (25.0 | ) |  | — |  |  | (25.0 | ) |  | — |  |  | — |  |  | — |
Exercise of stock options, net of shares reacquired | 7.3 |  |  | — |  |  | 7.3 |  |  | 8.7 |  |  | — |  |  | 8.7 |
Stock compensation expense | 15.7 |  |  | — |  |  | 15.7 |  |  | 15.9 |  |  | — |  |  | 15.9 |
Excess tax benefit (shortfall) from stock based compensation | (0.2 | ) |  | — |  |  | (0.2 | ) |  | 7.9 |  |  | — |  |  | 7.9 |
Net income | 163.7 |  |  | 0.7 |  |  | 164.4 |  |  | 136.5 |  |  | 0.5 |  |  | 137.0 |
Other comprehensive loss | (64.5 | ) |  | (0.4 | ) |  | (64.9 | ) |  | (57.5 | ) |  | (0.1 | ) |  | (57.6 | )
Comprehensive income | 99.2 |  |  | 0.3 |  |  | 99.5 |  |  | 78.9 |  |  | 0.4 |  |  | 79.4 |
Balance, end of period | $ | 1,099.3 |  |  | $ | 11.1 |  |  | $ | 1,110.4 |  |  | $ | 1,261.1 |  |  | $ | 10.8 |  |  | $ | 1,271.8 |
The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on the Condensed Consolidated Balance Sheets.
| (in millions) | Defined Benefit Pension and Other Postretirement Items* |  | Currency Translation Adjustment |  | Total
Balance as of December 31, 2014 | $ | (257.8 | ) |  | $ | (40.9 | ) |  | $ | (298.8 | )
| Other comprehensive loss before reclassifications | — |  |  | (70.5 | ) |  | (70.5 | )
| Amounts reclassified from accumulated other comprehensive income | 6.0 |  |  | — |  |  | 6.0 |
Net current-period other comprehensive income (loss) | 6.0 |  |  | (70.5 | ) |  | (64.5 | )
Balance as of September 30, 2015 | $ | (251.8 | ) |  | $ | (111.4 | ) |  | $ | (363.4 | )
* Net of tax benefit of $111.7 million and $114.4 million for September 30, 2015 and December 31, 2014, respectively. The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended September 30, 2015 and 2014.
Details of Accumulated Other Comprehensive Income Components (in millions) |  | Amounts Reclassified from Accumulated Other Comprehensive Income |  | Affected Line Item in the Statement of Operations
|  | Three Months Ended September 30, |  |
|  | 2015 |  | 2014 |  |
Amortization of defined benefit pension items: |  |  |  |  |  |
Prior-service costs |  | $ | (0.1 | ) |  | $ | 0.03 |  |  | $(0.1) and $.04 has been recorded within Cost of Sales for the three months ended September 30, 2015 and 2014, respectively, and $0.03 and ($.01) has been recorded within General & Administrative for the three months ended September 30, 2015 and 2014, respectively
Net gain |  | 3.1 |  |  | 1.3 |  |  | $4.2 and $1.7 has been recorded within Cost of Sales for the three months ended September 30, 2015 and 2014, respectively, and ($1.1) and ($0.4) has been recorded within General & Administrative for the three months ended September 30, 2015 and 2014, respectively
Amortization of other postretirement items: |  |  |  |  |  |
Prior-service costs |  | (0.1 | ) |  | (0.1 | ) |  | Recorded within Selling, General & Administrative
Net loss (gain) |  | — |  |  | — |  |  | Recorded within Selling, General & Administrative
|  | $ | 2.9 |  |  | $ | 1.2 |  |  | Total before tax
|  | 0.9 |  |  | 0.3 |  |  | Tax benefit
Total reclassifications for the period |  | $ | 2.0 |  |  | $ | 0.9 |  |  | Net of tax
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the nine month periods ended September 30, 2015 and 2014.
Details of Accumulated Other Comprehensive Income Components (in millions) |  | Amounts Reclassified from Accumulated Other Comprehensive Income |  | Affected Line Item in the Statement of Operations
|  | Nine Months Ended September 30, |  |
|  | 2015 |  | 2014 |  |
Amortization of defined benefit pension items: |  |  |  |  |  |
Prior-service costs |  | $ | (0.2 | ) |  | $ | 0.1 |  |  | $(0.3) and $0.1 has been recorded within Cost of Sales for the nine months ended September 30, 2015 and 2014, respectively, and $0.1 and $.03 has been recorded within General & Administrative for the nine months ended September 30, 2015 and 2014, respectively
Net loss |  | 9.3 |  |  | 3.8 |  |  | $12.6 and $5.1 has been recorded within Cost of Sales for the nine months ended September 30, 2015 and 2014, respectively, and ($3.3) and ($1.3) has been recorded within General & Administrative for the nine months ended September 30, 2015 and 2014, respectively
Amortization of other postretirement items: |  |  |  |  |  |
Prior-service costs |  | (0.2 | ) |  | (0.2 | ) |  | Recorded within Selling, General & Administrative
Net loss |  | (0.2 | ) |  | (0.1 | ) |  | Recorded within Selling, General & Administrative
|  | $ | 8.7 |  |  | $ | 3.5 |  |  | Total before tax
|  | 2.7 |  |  | 0.4 |  |  | Tax benefit
Total reclassifications for the period |  | $ | 6.0 |  |  | $ | 3.2 |  |  | Net of tax

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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -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=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 + Details
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