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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 and 2023 were as follows:
|  | Three months ended March 31,
|  | 2024 |  | 2023
Cash dividends declared and paid per common share |  | $ | 0.66 |  |  | $ | 0.65 |
Schedule of reconciliation of weighted average number of shares | econciliations of these amounts are as follows (in millions):
| Three months ended March 31,
| 2024 |  | 2023
Weighted average number of common shares outstanding | 56.5 |  |  | 57.0 |
Director Plan and deferred stock units | 0.2 |  |  | 0.2 |
ESOP | 0.2 |  |  | 0.2 |
Common shares outstanding—basic | 56.9 |  |  | 57.4 |
Dilutive effect of restricted stock units | 0.2 |  |  | 0.4 |
Dilutive effect of stock option awards | 0.1 |  |  | 0.3 |
Common and potential common shares outstanding—diluted | 57.2 |  |  | 58.1 |
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, 2023 | $ | (62.6) |  |  | $ | 1.7 |  |  | $ | 3.4 |  |  | $ | (57.5) |
Reclassification to the statement of income | — |  |  | (5.8) |  |  | (0.1) |  |  | (5.9) |
Change in fair value | (11.0) |  |  | 10.8 |  |  | — |  |  | (0.2) |
Balance as of March 31, 2024 | $ | (73.6) |  |  | $ | 6.7 |  |  | $ | 3.3 |  |  | $ | (63.6) |

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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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