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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Schedule of cash dividends declared per common share | Cash dividends declared and paid per common share for the three months ended March 31, 2023 and 2022, were as follows:
|  |  |  | Three months ended March 31,
|  |  |  |  |  | 2023 |  | 2022
Cash dividends declared and paid per common share |  |  |  |  |  | $ | 0.65 |  |  | $ | 0.64 |
Schedule of reconciliation of weighted average number of shares | A reconciliation of these amounts is as follows (in millions):
|  |  | Three months ended March 31,
|  |  |  |  | 2023 |  | 2022
Weighted average number of common shares outstanding |  |  |  |  | 57.0 |  |  | 59.9 |
Director Plan and deferred stock units |  |  |  |  | 0.2 |  |  | 0.2 |
ESOP |  |  |  |  | 0.2 |  |  | 0.2 |
Common shares outstanding—basic |  |  |  |  | 57.4 |  |  | 60.3 |
Dilutive effect of restricted stock units |  |  |  |  | 0.4 |  |  | 0.5 |
Dilutive effect of stock option awards |  |  |  |  | 0.3 |  |  | 0.4 |
Common and potential common shares outstanding—diluted |  |  |  |  | 58.1 |  |  | 61.2 |
Schedule of changes in accumulated other comprehensive income (loss) balances | Changes in the accumulated other comprehensive loss balance were as follows (in millions):
| Foreign Currency Translation |  | Cash Flow Hedging Derivatives |  | Retirement Plan Activity |  | Accumulated Other Comprehensive Loss
Balance as of December 31, 2022 | $ | (94.8) |  |  | $ | 10.5 |  |  | $ | (3.2) |  |  | $ | (87.5) |
Reclassification to the statement of income | — |  |  | (6.0) |  |  | 0.1 |  |  | (5.9) |
Change in fair value | 14.1 |  |  | 4.6 |  |  | — |  |  | 18.7 |
Balance as of March 31, 2023 | $ | (80.7) |  |  | $ | 9.1 |  |  | $ | (3.1) |  |  | $ | (74.7) |

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- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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