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SHAREHOLDERS' EQUITY | 6 Months Ended
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Jun. 30, 2024
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 15. SHAREHOLDERS’ EQUITY On July 28, 2022, our Board of Directors authorized a share repurchase program for the purchase of shares of common stock at an aggregate price of up to $2.0 billion (the 2022 Repurchase Authorization). This program will terminate upon the purchase of $2.0 billion of common stock. For the six months ended June 30, 2024 and 2023, 3.9 million and 7.1 million shares, respectively, of common stock were repurchased and retired at a total value of $211.4 million and $393.0 million, respectively. As of June 30, 2024, 23.2 million shares of common stock have been repurchased and retired at a total value of $1,213.0 million under the 2022 Repurchase Authorization program, and $787.0 million of common stock remained authorized to be repurchased under the program. We issued 0.8 million and 0.4 million shares representing stock options exercised for the six months ended June 30, 2024 and 2023, respectively, with a total value of $21.7 million and $11.9 million, respectively. The following table represents the activity included in accumulated other comprehensive loss:
| Foreign Currency Translation |  | Cash Flow Hedges |  | Pension and Postretirement Benefits |  | Total
Accumulated Other Comprehensive Loss | ($ in millions)
Balance at January 1, 2023 | $ | (38.6) |  |  | $ | (32.5) |  |  | $ | (424.8) |  |  | $ | (495.9) |
Unrealized gains (losses) |  |  |  |  |  |  |
First quarter | 5.5 |  |  | (20.8) |  |  | — |  |  | (15.3) |
Second quarter | (8.5) |  |  | (10.7) |  |  | — |  |  | (19.2) |
Reclassification adjustments of losses into income |  |  |  |  |  |  |
First quarter | — |  |  | 30.7 |  |  | 0.4 |  |  | 31.1 |
Second quarter | — |  |  | 20.5 |  |  | 0.5 |  |  | 21.0 |
Tax provision |  |  |  |  |  |  |
First quarter | — |  |  | (2.5) |  |  | (0.1) |  |  | (2.6) |
Second quarter | — |  |  | (2.4) |  |  | (0.1) |  |  | (2.5) |
Net change | (3.0) |  |  | 14.8 |  |  | 0.7 |  |  | 12.5 |
Balance at June 30, 2023 | $ | (41.6) |  |  | $ | (17.7) |  |  | $ | (424.1) |  |  | $ | (483.4) |
Balance at January 1, 2024 | $ | (39.7) |  |  | $ | (18.4) |  |  | $ | (438.2) |  |  | $ | (496.3) |
Unrealized (losses) gains |  |  |  |  |  |  |
First quarter | (2.3) |  |  | (3.0) |  |  | — |  |  | (5.3) |
Second quarter | (2.5) |  |  | 17.1 |  |  | — |  |  | 14.6 |
Reclassification adjustments of losses into income |  |  |  |  |  |  |
First quarter | — |  |  | 13.3 |  |  | 1.6 |  |  | 14.9 |
Second quarter | — |  |  | 5.3 |  |  | 1.9 |  |  | 7.2 |
Tax provision |  |  |  |  |  |  |
First quarter | — |  |  | (2.6) |  |  | (0.4) |  |  | (3.0) |
Second quarter | — |  |  | (5.6) |  |  | (0.5) |  |  | (6.1) |
Net change | (4.8) |  |  | 24.5 |  |  | 2.6 |  |  | 22.3 |
Balance at June 30, 2024 | $ | (44.5) |  |  | $ | 6.1 |  |  | $ | (435.6) |  |  | $ | (474.0) |
Net income and cost of goods sold included reclassification adjustments for realized gains and losses on derivative contracts from accumulated other comprehensive loss. Net income and non-operating pension income included the amortization of prior service costs and actuarial losses from accumulated other comprehensive loss.

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