XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.21.2

Changes in Equity and Accumulated Other Comprehensive Loss | 6 Months Ended
--- | ---
Jun. 30, 2021
Equity [Abstract] |
Changes in Equity and Accumulated Other Comprehensive Loss | Changes in Equity and Accumulated Other Comprehensive Loss A summary of changes in equity for the year-to-date interim periods ended June 30, 2021 and 2020 is provided below:
(in millions, except share data) | Common Shares Issued at Par Value |  | Capital Surplus |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Treasury Stock |  | Total Share- holders’ Equity |  | Non-controlling Interest |  | Total Equity
BALANCE DECEMBER 31, 2020 | 72.4 |  |  | $ | 330.7 |  |  | $ | 2,192.8 |  |  | $ | (466.4) |  |  | $ | (600.6) |  |  | $ | 1,528.9 |  |  | $ | 2.2 |  |  | $ | 1,531.1 |
Net income | — |  |  | — |  |  | 108.4 |  |  | — |  |  | — |  |  | 108.4 |  |  | — |  |  | 108.4 |
Cash dividends ($0.43 per share) | — |  |  | — |  |  | (25.0) |  |  | — |  |  | — |  |  | (25.0) |  |  | — |  |  | (25.0) |
Impact from settlement of share-based awards, net of shares acquired | — |  |  | (2.3) |  |  | — |  |  | — |  |  | 9.5 |  |  | 7.2 |  |  | — |  |  | 7.2 |
Stock-based compensation expense | — |  |  | 6.3 |  |  | — |  |  | — |  |  | — |  |  | 6.3 |  |  | — |  |  | 6.3 |
Changes in pension and postretirement plan assets and benefit obligation, net of tax | — |  |  | — |  |  | — |  |  | 4.9 |  |  | — |  |  | 4.9 |  |  | — |  |  | 4.9 |
Currency translation adjustment | — |  |  | — |  |  | — |  |  | (35.7) |  |  | — |  |  | (35.7) |  |  | 0.8 |  |  | (34.9) |
BALANCE MARCH 31, 2021 | 72.4 |  |  | $ | 334.7 |  |  | $ | 2,276.2 |  |  | $ | (497.2) |  |  | $ | (591.1) |  |  | $ | 1,595.0 |  |  | $ | 3.0 |  |  | $ | 1,598.0 |
Net income | — |  |  | — |  |  | 138.3 |  |  | — |  |  | — |  |  | 138.3 |  |  | — |  |  | 138.3 |
Cash dividends (0.43 per share) | — |  |  | — |  |  | (25.2) |  |  | — |  |  | — |  |  | (25.2) |  |  | — |  |  | (25.2) |
Impact from settlement of share-based awards, net of shares acquired | — |  |  | 7.6 |  |  | — |  |  | — |  |  | (9.5) |  |  | (1.9) |  |  | — |  |  | (1.9) |
Stock-based compensation expense | — |  |  | 6.1 |  |  | — |  |  | — |  |  | — |  |  | 6.1 |  |  | — |  |  | 6.1 |
Changes in pension and postretirement plan assets and benefit obligation, net of tax | — |  |  | — |  |  | — |  |  | 5.2 |  |  | — |  |  | 5.2 |  |  | — |  |  | 5.2 |
Currency translation adjustment | — |  |  | — |  |  | — |  |  | 7.7 |  |  | — |  |  | 7.7 |  |  | (0.1) |  |  | 7.6 |
BALANCE JUNE 30, 2021 | 72.4 |  |  | $ | 348.4 |  |  | $ | 2,389.3 |  |  | $ | (484.3) |  |  | $ | (600.6) |  |  | $ | 1,725.2 |  |  | $ | 2.9 |  |  | $ | 1,728.1 |
(in millions, except share data) | Common Shares Issued at Par Value |  | Capital Surplus |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Treasury Stock |  | Total Share- holders’ Equity |  | Non-controlling Interest |  | Total Equity
BALANCE DECEMBER 31, 2019 | 72.4 |  |  | $ | 315.6 |  |  | $ | 2,112.2 |  |  | $ | (483.7) |  |  | $ | (542.8) |  |  | $ | 1,473.7 |  |  | $ | 2.6 |  |  | $ | 1,476.3 |
Net income | — |  |  | — |  |  | 62.8 |  |  | — |  |  | — |  |  | 62.8 |  |  | — |  |  | 62.8 |
Cash dividends ($0.43 per share) | — |  |  | — |  |  | (25.5) |  |  | — |  |  | — |  |  | (25.5) |  |  | — |  |  | (25.5) |
Reacquisition on open market of 1,221,233 shares | — |  |  | — |  |  | — |  |  | — |  |  | (70.0) |  |  | (70.0) |  |  | — |  |  | (70.0) |
Impact from settlement of share-based awards, net of shares acquired | — |  |  | (6.0) |  |  | — |  |  | — |  |  | 6.0 |  |  | — |  |  | — |  |  | — |
Stock-based compensation expense | — |  |  | 5.8 |  |  | — |  |  | — |  |  | — |  |  | 5.8 |  |  | — |  |  | 5.8 |
Changes in pension and postretirement plan assets and benefit obligation, net of tax | — |  |  | — |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Currency translation adjustment | — |  |  | — |  |  | — |  |  | (45.2) |  |  | — |  |  | (45.2) |  |  | (0.3) |  |  | (45.5) |
BALANCE MARCH 31, 2020 | 72.4 |  |  | $ | 315.4 |  |  | $ | 2,149.5 |  |  | $ | (525.3) |  |  | $ | (606.8) |  |  | $ | 1,405.2 |  |  | $ | 2.3 |  |  | $ | 1,407.5 |
Net income | — |  |  | — |  |  | 14.8 |  |  | — |  |  | — |  |  | 14.8 |  |  | — |  |  | $ | 14.8 |
Cash dividends ($0.43 per share) | — |  |  | — |  |  | (24.9) |  |  | — |  |  | — |  |  | (24.9) |  |  | — |  |  | (24.9) |
Impact from settlement of share-based awards, net of shares acquired | — |  |  | (1.4) |  |  | — |  |  | — |  |  | 1.9 |  |  | 0.5 |  |  | — |  |  | 0.5 |
Stock-based compensation expense | — |  |  | 4.7 |  |  | — |  |  | — |  |  | — |  |  | 4.7 |  |  | — |  |  | 4.7 |
Changes in pension and postretirement plan assets and benefit obligation, net of tax | — |  |  | — |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Currency translation adjustment | — |  |  | — |  |  | — |  |  | 17.2 |  |  | — |  |  | 17.2 |  |  | 0.2 |  |  | 17.4 |
BALANCE JUNE 30, 2020 | 72.4 |  |  | $ | 318.7 |  |  | $ | 2,139.4 |  |  | $ | (504.5) |  |  | $ | (604.9) |  |  | $ | 1,421.1 |  |  | $ | 2.5 |  |  | $ | 1,423.6 |
The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Condensed Consolidated Balance Sheets.
(in millions) | Defined Benefit Pension and Postretirement Items |  | Currency Translation Adjustment |  | Total a
Balance as of December 31, 2020 | $ | (397.9) |  |  | $ | (68.5) |  |  | $ | (466.4) |
| Other comprehensive income (loss) before reclassifications | — |  |  | (28.0) |  |  | (28.0) |
| Amounts reclassified from accumulated other comprehensive loss | 10.1 |  |  | — |  |  | 10.1 |
Net period other comprehensive income (loss) | 10.1 |  |  | (28.0) |  |  | (17.9) |
Balance as of June 30, 2021 | $ | (387.8) |  |  | $ | (96.5) |  |  | $ | (484.3) |
a | Net of tax benefit of $150.6 million and $148.2 million as of June 30, 2021 and December 31, 2020, respectively.
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three and six month periods ended June 30, 2021 and 2020. Amortization of pension and postretirement components has been recorded within “Miscellaneous income, net” on our Condensed Consolidated Statements of Operations.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Amortization of pension items: |  |  |  |  |  |  |  |
Prior-service costs |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.1) |
Net loss |  | 6.5 |  |  | 4.9 |  |  | 13.1 |  |  | 9.7 |
Amortization of postretirement items: |  |  |  |  |  |  |  |
Prior-service costs |  | (0.3) |  |  | (0.3) |  |  | (0.5) |  |  | (0.5) |
Total before tax |  | $ | 6.1 |  |  | $ | 4.5 |  |  | $ | 12.5 |  |  | $ | 9.1 |
Tax impact |  | 1.1 |  |  | 0.9 |  |  | 2.4 |  |  | 2.0 |
Total reclassifications for the period |  | $ | 5.0 |  |  | $ | 3.6 |  |  | $ | 10.1 |  |  | $ | 7.1 |

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