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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Shareholders Equity [Abstract]

Schedule of share repurchases

The Company has made the following share repurchases (in millions):

			For the Years Ended December 31,
			2020						2019						2018
Total number of shares repurchased and retired			0.6						0.1						3.2
Total investment			$	50.3					$	8.4					$	348.7

Schedule of cash dividends declared per common share

Dividends. Quarterly and total year cash dividends declared per common share for the year ended December 31, 2020, 2019, and 2018 were as follows: 

			For the Years Ended December 31,
			2020						2019						2018
Quarterly dividend declared and paid per common share			$	0.62					$	0.61					$	0.60
Total dividends declared and paid per common share			$	2.48					$	2.44					$	2.40

Schedule of reconciliation of weighted average number of shares

A reconciliation of these amounts is as follows (in millions):

			For the Years Ended December 31,
			2020						2019						2018
Weighted average number of common shares outstanding			61.5						61.1						62.2
Director Plan and deferred stock units			0.2						0.2						0.2
ESOP			0.2						0.1						0.1
Common shares outstanding—basic			61.9						61.4						62.5
Dilutive effect of restricted stock awards			0.5						0.6						0.7
Dilutive effect of stock option awards			0.2						0.3						0.7
Common and potential common shares outstanding—diluted			62.6						62.3						63.9

Schedule of changes in accumulated other comprehensive income (loss) balances

Changes in the accumulated other comprehensive loss balance are as follows (in millions):

			Foreign Currency Translation						Cash Flow Hedging Derivatives						Retirement Plan and Other Activity						Accumulated Other Comprehensive Loss
Balance as of December 31, 2019			$	(63.3)					$	(6.1)					(3.3)						$	(72.7)
Reclassification to the income statement			—						4.2						(0.5)						3.7
Change in fair value			24.2						(13.6)						—						10.6
Balance as of December 31, 2020			$	(39.1)					$	(15.5)					$	(3.8)					$	(58.4)

Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments

The table below provides the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the income statement for cash flow derivatives designated as hedging instruments and retirement plan activity for the years ended December 31, 2020 and 2019 (in millions): 

Derivatives in Cash Flow Hedging Relationships and Other Activity			Location of Gain (Loss) Reclassified from Accumulated OCI into Income						For the Years Ended December 31,
									2020						2019
Foreign currency contracts			Other (income) expense, net						$	4.3					$	3.2
Foreign currency contracts			Cost of sales						(2.4)						0.9
Interest rate contracts			Interest expense						(6.1)						(0.9)
Retirement plan activity			Operating expenses						0.5						(0.2)
Total									$	(3.7)					$	3.0

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Disclosure Shareholders Equity [Abstract]

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Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

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