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Changes in Equity and Comprehensive Income | 3 Months Ended
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Mar. 31, 2017
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 three months ended March 31, 2017 and 2016 is provided below:
| Three Months Ended March 31,
| 2017 |  | 2016
(in millions) | Total Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity |  | Total Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity
Balance, beginning of period | $ | 1,133.8 |  |  | $ | 11.9 |  |  | $ | 1,145.7 |  |  | $ | 1,139.4 |  |  | $ | 11.4 |  |  | $ | 1,150.8 |
Dividends | (19.6 | ) |  | — |  |  | (19.6 | ) |  | (19.2 | ) |  | — |  |  | (19.2 | )
Exercise of stock options, net of shares reacquired | 12.8 |  |  | — |  |  | 12.8 |  |  | (1.4 | ) |  | — |  |  | (1.4 | )
Stock compensation expense | 5.6 |  |  | — |  |  | 5.6 |  |  | 6.1 |  |  | — |  |  | 6.1 |
Excess tax shortfall from stock based compensation | — |  |  | — |  |  | — |  |  | (0.3 | ) |  | — |  |  | (0.3 | )
Net income | 63.1 |  |  | 0.2 |  |  | 63.3 |  |  | 55.0 |  |  | 0.2 |  |  | 55.2 |
Other comprehensive income | 24.3 |  |  | 0.2 |  |  | 24.5 |  |  | 33.6 |  |  | 0.1 |  |  | 33.7 |
Comprehensive income | 87.4 |  |  | 0.4 |  |  | 87.8 |  |  | 88.6 |  |  | 0.3 |  |  | 88.9 |
Balance, end of period | $ | 1,220.0 |  |  | $ | 12.3 |  |  | $ | 1,232.3 |  |  | $ | 1,213.2 |  |  | $ | 11.7 |  |  | $ | 1,224.9 |
The table below provides the accumulated balances for each classification of accumulated other comprehensive 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, 2016 | $ | (301.3 | ) |  | $ | (174.8 | ) |  | $ | (476.1 | )
| Other comprehensive income before reclassifications | — |  |  | 22.0 |  |  | 22.0 |
| Amounts reclassified from accumulated other comprehensive income | 2.3 |  |  | — |  |  | 2.3 |
Net current-period other comprehensive income | 2.3 |  |  | 22.0 |  |  | 24.3 |
Balance as of March 31, 2017 | $ | (299.0 | ) |  | $ | (152.8 | ) |  | $ | (451.8 | )
* Net of tax benefit of $118.8 million and $119.8 million for March 31, 2017 and December 31, 2016, respectively. The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended March 31, 2017 and 2016.
Details of Accumulated Other Comprehensive Income Components (in millions) |  | Amounts Reclassified from Accumulated Other Comprehensive Income |  | Affected Line Item in the Statements of Operations
|  | Three Months Ended March 31, |  |
|  | 2017 |  | 2016 |  |
Amortization of defined benefit pension items: |  |  |  |  |  |
Prior-service costs |  | $ | (0.1 | ) |  | $ | (0.2 | ) |  | $(0.1) and $(0.3) has been recorded within Cost of sales for the three months ended March 31, 2017 and March 31, 2016, respectively, and $0 and $0.1 has been recorded within Selling, general & administrative for the three months ended March 31, 2017 and March 31, 2016, respectively.
Net loss |  | 3.5 |  |  | 2.9 |  |  | $4.7 and $3.9 has been recorded within Cost of sales for the three months ended March 31, 2017 and 2016, respectively, and $(1.2) and $(1.0) has been recorded within Selling, general & administrative for the three months ended March 31, 2017 and 2016, respectively.
Amortization of other postretirement items: |  |  |  |  |  |
Prior-service costs |  | — |  |  | (0.1 | ) |  | Recorded within Selling, General & Administrative
Net gain |  | (0.1 | ) |  | (0.1 | ) |  | Recorded within Selling, General & Administrative
|  | $ | 3.3 |  |  | $ | 2.5 |  |  | Total before tax
|  | 1.0 |  |  | 0.7 |  |  | Tax benefit
Total reclassifications for the period |  | $ | 2.3 |  |  | $ | 1.8 |  |  | 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 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: 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(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: 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 8: 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(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: 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 10: 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 + Details
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