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Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Stockholders' Equity

The tables below provide a roll forward of equity.

			Common Stock
In millions, except per share data in thousands			Shares						Amount						Additional paid in capital						Retained earnings						Accumulated other comprehensive income (loss)						Treasury stock												Total Equity
Balance at December 31, 2021			43,102						$	0.4					$	136.3					$	796.1					$	13.1					$	(272.1)											$	673.8
Net income (loss)			—						—						—						60.8						—						—												60.8
Other comprehensive income (loss)			—						—						—						—						(10.1)						—												(10.1)
Common stock issued			42						—						—						—						—						—												—
Exercise of stock options, net			36						—						0.4						—						—						—												0.4
Tax payments related to vested restricted stock units			—						—						—						—						—						(1.8)												(1.8)
Share repurchase program			—						—						—						—						—						(40.4)												(40.4)
Share-based compensation plans			—						—						2.9						—						—						0.5												3.4
Balance at March 31, 2022			43,180						$	0.4					$	139.6					$	856.9					$	3.0					$	(313.8)											$	686.1
Net income (loss)			—						—						—						59.8						—						—												59.8
Other comprehensive income (loss)			—						—						—						—						(46.7)						—												(46.7)
Common stock issued			18						—						—						—						—						—												—
Exercise of stock options, net			2						—						0.1						—						—						—												0.1
Tax payments related to vested restricted stock units			—						—						—						—						—						(0.2)												(0.2)
Share repurchase program			—						—						—						—						—						(49.5)												(49.5)
Noncontrolling interest distributions			—						—						—						—						—						—												—
Share-based compensation plans			—						—						3.3						—						—						1.4												4.7
Balance at June 30, 2022			43,200						$	0.4					$	143.0					$	916.7					$	(43.7)					$	(362.1)											$	654.3
Net income (loss)			—						—						—						75.4						—						—												75.4
Other comprehensive income (loss)			—						—						—						—						(51.6)						—												(51.6)
Common stock issued			8						—						—						—						—						(0.2)												(0.2)
Exercise of stock options, net			5						—						0.3						—						—						—												0.3
Tax payments related to vested restricted stock units			—						—						—						—						—						—												—
Share repurchase program			—						—						—						—						—						(49.3)												(49.3)
Share-based compensation plans			—						—						4.2						—						—						0.8												5.0
Balance at September 30, 2022			43,213						$	0.4					$	147.5					$	992.1					$	(95.3)					$	(410.8)											$	633.9

			Common Stock
In millions, except per share data in thousands			Shares						Amount						Additional paid in capital						Retained earnings						Accumulated other comprehensive income (loss)						Treasury stock												Total Equity
Balance at December 31, 2020			42,913						$	0.4					$	121.3					$	678.0					$	4.7					$	(162.3)											$	642.1
Net income (loss)			—						—						—						48.7						—						—												48.7
Other comprehensive income (loss)			—						—						—						—						8.5						—												8.5
Common stock issued			97						—						—						—						—						—												—
Exercise of stock options, net			24						—						0.9						—						—						—												0.9
Tax payments related to vested restricted stock units			—						—						—						—						—						(2.3)												(2.3)
Share repurchase program			—						—						—						—						—						(39.4)												(39.4)
Share-based compensation plans			—						—						2.6						—						—						—												2.6
Balance at March 31, 2021			43,034						$	0.4					$	124.8					$	726.7					$	13.2					$	(204.0)											$	661.1
Net income (loss)			—						—						—						44.3						—						—												44.3
Other comprehensive income (loss)			—						—						—						—						5.4						—												5.4
Common stock issued			19						—						—						—						—						—												—
Exercise of stock options, net			32						—						1.5						—						—						—												1.5
Tax payments related to vested restricted stock units			—						—						—						—						—						—												—
Share repurchase program			—						—						—						—						—						(28.7)												(28.7)
Share-based compensation plans			—						—						4.0						—						—						0.9												4.9
Balance at June 30, 2021			43,085						$	0.4					$	130.3					$	771.0					$	18.6					$	(231.8)											$	688.5
Net income (loss)			—						—						—						(4.2)						—						—												(4.2)
Other comprehensive income (loss)			—						—						—						—						(11.1)						—												(11.1)
Common stock issued			5						—						—						—						—						—												—
Exercise of stock options, net			2						—						0.1						—						—						—												0.1
Tax payments related to vested restricted stock units			—						—						—						—						—						(0.1)												(0.1)
Share repurchase program			—						—						—						—						—						(32.2)												(32.2)
Share-based compensation plans			—						—						3.0						—						—						0.5												3.5
Balance at September 30, 2021			43,092						$	0.4					$	133.4					$	766.8					$	7.5					$	(263.6)											$	644.5

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss)
			Three Months Ended September 30,												Nine Months Ended September 30,
In millions			2022						2021						2022						2021
Foreign currency translation
Beginning balance			$	(43.9)					$	27.8					$	18.4					$	16.4
Net gains (losses) on foreign currency translation			(55.3)						(16.7)						(124.9)						(8.5)
Gains (losses) on net investment hedges			4.4						3.8						13.9						8.0
Less: tax provision (benefit)			1.0						0.9						3.2						1.9
Net gains (losses) on net investment hedges			3.4						2.9						10.7						6.1
Other comprehensive income (loss), net of tax			(51.9)						(13.8)						(114.2)						(2.4)
Ending balance			$	(95.8)					$	14.0					$	(95.8)					$	14.0
Derivative instruments
Beginning balance			$	3.3					$	(4.5)					$	(2.1)					$	(6.9)
Gains (losses) on derivative instruments			3.5						3.6						14.9						6.9
Less: tax provision (benefit)			0.8						0.8						3.5						1.6
Net gains (losses) on derivative instruments			2.7						2.8						11.4						5.3
(Gains) losses reclassified to net income			(3.1)						(0.2)						(7.4)						(0.3)
Less: tax (provision) benefit			(0.7)						(0.1)						(1.7)						(0.1)
Net (gains) losses reclassified to net income			(2.4)						(0.1)						(5.7)						(0.2)
Other comprehensive income (loss), net of tax			0.3						2.7						5.7						5.1
Ending balance			$	3.6					$	(1.8)					$	3.6					$	(1.8)
Pension and other postretirement benefits
Beginning balance			$	(3.1)					$	(4.7)					$	(3.2)					$	(4.8)
Unrealized actuarial gains (losses) and prior service (costs) credits			—						—						—						—
Less: tax provision (benefit)			—						—						—						—
Net actuarial gains (losses) and prior service (costs) credits			—						—						—						—
Amortization of actuarial and other (gains) losses, prior service cost (credits), and settlement and curtailment (income) charge reclassified to net income			—						—						0.1						0.1
Less: tax (provision) benefit			—						—						—						—
Net actuarial and other (gains) losses, amortization of prior service cost (credits), and settlement and curtailment (income) charge reclassified to net income			—						—						0.1						0.1
Other comprehensive income (loss), net of tax			—						—						0.1						0.1
Ending balance			$	(3.1)					$	(4.7)					$	(3.1)					$	(4.7)
Total AOCI ending balance at September 30			$	(95.3)					$	7.5					$	(95.3)					$	7.5

Reclassifications of accumulated other comprehensive income (loss)
			Three Months Ended September 30,												Nine Months Ended September 30,
In millions			2022						2021						2022						2021
Derivative instruments
Currency exchange contracts (1)			$	0.8					$	0.2					$	1.6					$	0.2
Natural gas contracts (2)			2.3						—						4.1						0.1
Interest rate swap contracts (3)			—						—						1.7						—
Total before tax			3.1						0.2						7.4						0.3
(Provision) benefit for income taxes			(0.7)						(0.1)						(1.7)						(0.1)
Amount included in net income (loss)			$	2.4					$	0.1					$	5.7					$	0.2
Pension and other post retirement benefits
Amortization of prior service costs (2)			$	—					$	—					$	0.1					$	0.1
Total before tax			—						—						0.1						0.1
(Provision) benefit for income taxes			—						—						—						—
Amount included in net income (loss)			$	—					$	—					$	0.1					$	0.1

______________

(1) Included within "Net sales" on the condensed consolidated statement of operations.

(2) Included within "Cost of sales" on the condensed consolidated statement of operations.

(3) Included within "Interest expense, net" on the condensed consolidated statement of operations.

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- References

No definition available.

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644

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