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Shareholders' Equity | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Shareholders' Equity | (11) Shareholders’ Equity The components of accumulated other comprehensive loss, net of tax, were as follows:
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Foreign currency translation |  | $ | (303.2 | ) |  | $ | (342.2 | )
Translation loss on long-term intercompany loans, net of income taxes of $19.2 and $19.1, respectively |  |  | (133.6 | ) |  |  | (133.2 | )
(Loss) gain on derivative instruments, net of income tax benefit of $(12.4) and $(0.7), respectively |  |  | (2.4 | ) |  |  | 39.0 |
Gain on interest rate swap, net of income taxes of $0.2 on both dates |  |  | 0.7 |  |  |  | 0.8 |
Defined benefit pension plans, net of income tax benefit of $(18.9) and $(20.6), respectively |  |  | (9.9 | ) |  |  | (8.9 | )
Retiree health care plan, net of income taxes of $2.1 on both dates |  |  | 1.3 |  |  |  | 1.5 |
Accumulated other comprehensive loss |  | $ | (447.1 | ) |  | $ | (443.0 | )
Noncontrolling interests, reported in total shareholders' equity in our Consolidated Balance Sheets, represent amounts related to majority-owned subsidiaries in which we have a controlling financial interest. Net earnings attributable to these noncontrolling interests are recorded in interest and other expenses, net in our Consolidated Statements of Operations. We recorded expenses of $0.3 and $0.1 d uring the three months ended March 31, 2025 and 2024, respectively. The Board of Directors declared a semi-annual dividend of $0.72 and $1.54 per share on May 2, 2025 and May 3, 2024, respectively. The 2025 dividends are payable on June 16, 2025 to shareholders of record as of June 2, 2025. The 2024 dividends were paid on June 14, 2024 to shareholders of record as of June 3, 2024. In August 2023, the Board of Directors authorized the repurchase of 5.0 million shares of our common stock. We conduct share repurchases from time to time through a variety of methods, including open market purchases, block transactions, privately negotiated transactions or similar facilities. During the three months ended March 31, 2025, we repurchased 0.4 million shares under the 2023 authorization at a cost of $25.0. During the three months ended March 31, 2024, we repurchased 0.7 million shares under the 2023 authorization at a cost of $50.0. As of March 31, 2025, there were 2.2 million shares remaining authorized for repurchase under the 2023 authorization.

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