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Equity (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Stockholders' Equity

The tables below provide a roll forward of equity.

			Common Stock
In millions, shares in thousands			Shares						Amount						Additional paid in capital						Retained earnings						Accumulated other comprehensive income (loss)						Treasury stock												Total Equity
Balance at December 31, 2022			43,228						$	0.4					$	153.0					$	1,007.7					$	(46.8)					$	(416.0)											$	698.3
Net income (loss)			—						—						—						50.7						—						—												50.7
Other comprehensive income (loss)			—						—						—						—						8.0						—												8.0
Common stock issued			139						—						—						—						—						—												—
Exercise of stock options, net			41						—						2.2						—						—						—												2.2
Tax payments related to vested restricted stock units			—						—						—						—						—						(4.5)												(4.5)
Share repurchase program			—						—						—						—						—						(33.4)												(33.4)
Share-based compensation plans			—						—						3.7						—						—						0.7												4.4
Balance at March 31, 2023			43,408						$	0.4					$	158.9					$	1,058.4					$	(38.8)					$	(453.2)											$	725.7

			Common Stock
In millions, shares 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

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss)
									Three Months Ended March 31,
In millions															2023						2022
Foreign currency translation
Beginning balance															$	(45.8)					$	18.4
Net gains (losses) on foreign currency translation															10.5						(16.6)
Gains (losses) on net investment hedges															—						1.7
Less: tax provision (benefit)															—						0.4
Net gains (losses) on net investment hedges															—						1.3
Other comprehensive income (loss), net of tax															10.5						(15.3)
Ending balance															$	(35.3)					$	3.1
Derivative instruments
Beginning balance															$	(1.4)					$	(2.1)
Gains (losses) on derivative instruments															(3.0)						8.3
Less: tax provision (benefit)															(0.7)						2.0
Net gains (losses) on derivative instruments															(2.3)						6.3
(Gains) losses reclassified to net income															(0.3)						(1.5)
Less: tax (provision) benefit															(0.1)						(0.4)
Net (gains) losses reclassified to net income															(0.2)						(1.1)
Other comprehensive income (loss), net of tax															(2.5)						5.2
Ending balance															$	(3.9)					$	3.1
Pension and other postretirement benefits
Beginning balance															$	0.4					$	(3.2)
Other comprehensive income (loss), net of tax															—						—
Ending balance															$	0.4					$	(3.2)
Total AOCI ending balance at March 31															$	(38.8)					$	3.0

Reclassifications of accumulated other comprehensive income (loss)
									Three Months Ended March 31,
In millions															2023						2022
Derivative instruments
Currency exchange contracts (1)															$	(0.2)					$	0.2
Natural gas contracts (2)															0.5						1.3
Total before tax															0.3						1.5
(Provision) benefit for income taxes															(0.1)						(0.4)
Amount included in net income (loss)															$	0.2					$	1.1

______________

(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.

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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

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-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
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