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Shareholders' Equity
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity

The components of accumulated other comprehensive loss, net of tax, were as follows:

 
June 30,
 
December 31,
 
2015
 
2014
Foreign currency translation
$
(130.6
)
 
$
(26.4
)
Translation loss on net investment hedge, net of income taxes of $(4.6) and $(16.4), respectively
(3.6
)
 
(24.5
)
Translation loss on long-term intercompany loans
(52.3
)
 
(73.4
)
Unrealized gain on investments, net of income taxes of $3.4 and $3.7, respectively
15.1

 
16.7

Defined benefit pension plans, net of income taxes of $(29.5) and $(30.1), respectively
(50.6
)
 
(52.1
)
Retiree health care plan, net of income taxes of $2.3 and $2.4, respectively
4.3

 
4.5

 Accumulated other comprehensive loss
$
(217.7
)
 
$
(155.2
)


On April 28, 2015 and April 29, 2014, the Board of Directors declared a semi-annual cash dividend of $0.80 and $0.49 per share, respectively. The 2015 dividend was paid on June 15, 2015 to shareholders of record on June 1, 2015. The 2014 dividend was paid on June 16, 2014 to shareholders of record on June 2, 2014.

We currently have authorization from our Board of Directors to repurchase 8.0 million shares of our common stock. Share repurchases may be made from time to time through a variety of methods, including open market purchases, block transactions, privately negotiated transactions, accelerated share repurchase programs, forward repurchase agreements or similar facilities. During the first half of 2015, we repurchased 2.2 million shares at a cost of $187.2 under this authorization, including 2.0 million shares at a cost of $168.7 that settled as of June 30, 2015, and 0.2 million shares at a total cost of $18.5 that settled in July. The share repurchases that settled in July are not reflected in the treasury stock in our Consolidated Balance Sheets as of June 30, 2015. There were 4.0 million shares as of June 30, 2015, and 3.8 million shares, after including the 0.2 million share repurchases that settled in July, remaining authorized for repurchase under this authorization.