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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Summary of Statement of Changes in Equity and Accumulated Other Comprehensive Income (Loss) |
| Three Months Ended June 30, 2023
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, April 1, 2023 | $ | 1,667.1 |  |  | $ | 3,039.6 |  |  | $ | 567.9 |  |  | $ | (1,869.2) |  |  | $ | .6 |  |  | $ | (71.8) |
Net earnings | 54.2 |  |  | 54.2 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared (See Note 6) | (61.2) |  |  | (62.6) |  |  | 1.4 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (.1) |  |  | — |  |  | — |  |  | (.1) |  |  | — |  |  | — |
Treasury stock issued | 1.4 |  |  | — |  |  | (1.0) |  |  | 2.4 |  |  | — |  |  | — |
Foreign currency translation adjustments | 4.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4.2 |
Cash flow hedges, net of tax | (1.0) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1.0) |
Defined benefit pension plans, net of tax | .1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .1 |
Stock-based compensation transactions, net of tax | 3.9 |  |  | — |  |  | 3.9 |  |  | — |  |  | — |  |  | — |
Ending balance, June 30, 2023 | $ | 1,668.6 |  |  | $ | 3,031.2 |  |  | $ | 572.2 |  |  | $ | (1,866.9) |  |  | $ | .6 |  |  | $ | (68.5) |
| Three Months Ended June 30, 2022
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, April 1, 2022 | $ | 1,671.4 |  |  | $ | 3,006.0 |  |  | $ | 558.4 |  |  | $ | (1,848.4) |  |  | $ | .6 |  |  | $ | (45.2) |
Net earnings | 95.2 |  |  | 95.2 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared (See Note 6) | (58.6) |  |  | (59.9) |  |  | 1.3 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (35.2) |  |  | — |  |  | — |  |  | (35.2) |  |  | — |  |  | — |
Treasury stock issued | 1.2 |  |  | — |  |  | (1.0) |  |  | 2.2 |  |  | — |  |  | — |
Foreign currency translation adjustments | (61.0) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (61.0) |
Cash flow hedges, net of tax | (2.8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.8) |
Defined benefit pension plans, net of tax | (.2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (.2) |
Stock-based compensation transactions, net of tax | 4.6 |  |  | — |  |  | 4.6 |  |  | — |  |  | — |  |  | — |
Ending balance, June 30, 2022 | $ | 1,614.6 |  |  | $ | 3,041.3 |  |  | $ | 563.3 |  |  | $ | (1,881.4) |  |  | $ | .6 |  |  | $ | (109.2) |
| Six Months Ended June 30, 2023
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2023 | $ | 1,641.4 |  |  | $ | 3,046.0 |  |  | $ | 570.5 |  |  | $ | (1,882.3) |  |  | $ | .7 |  |  | $ | (93.5) |
Net earnings | 107.7 |  |  | 107.7 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared (See Note 6) | (119.7) |  |  | (122.5) |  |  | 2.8 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (5.3) |  |  | — |  |  | — |  |  | (5.3) |  |  | — |  |  | — |
Treasury stock issued | 3.4 |  |  | — |  |  | (17.3) |  |  | 20.7 |  |  | — |  |  | — |
Foreign currency translation adjustments | 22.9 |  |  | — |  |  | — |  |  | — |  |  | (.1) |  |  | 23.0 |
Cash flow hedges, net of tax | 1.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1.7 |
Defined benefit pension plans, net of tax | .3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .3 |
Stock-based compensation transactions, net of tax | 16.2 |  |  | — |  |  | 16.2 |  |  | — |  |  | — |  |  | — |
Ending balance, June 30, 2023 | $ | 1,668.6 |  |  | $ | 3,031.2 |  |  | $ | 572.2 |  |  | $ | (1,866.9) |  |  | $ | .6 |  |  | $ | (68.5) |
| Six Months Ended June 30, 2022
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2022 | $ | 1,648.6 |  |  | $ | 2,973.0 |  |  | $ | 559.9 |  |  | $ | (1,846.6) |  |  | $ | .6 |  |  | $ | (38.3) |
Net earnings | 185.6 |  |  | 185.6 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared (See Note 6) | (114.7) |  |  | (117.3) |  |  | 2.6 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (56.8) |  |  | — |  |  | — |  |  | (56.8) |  |  | — |  |  | — |
Treasury stock issued | 6.9 |  |  | — |  |  | (15.1) |  |  | 22.0 |  |  | — |  |  | — |
Foreign currency translation adjustments | (69.8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (69.8) |
Cash flow hedges, net of tax | (1.8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1.8) |
Defined benefit pension plans, net of tax | .7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .7 |
Stock-based compensation transactions, net of tax | 15.9 |  |  | — |  |  | 15.9 |  |  | — |  |  | — |  |  | — |
Ending balance, June 30, 2022 | $ | 1,614.6 |  |  | $ | 3,041.3 |  |  | $ | 563.3 |  |  | $ | (1,881.4) |  |  | $ | .6 |  |  | $ | (109.2) |
Summary of Changes in Each Component of Accumulated Other Comprehensive Income (Loss) | The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented:
|  |  | Three Months Ended June 30,
|  |  | Foreign Currency Translation Adjustments |  | Cash Flow Hedges |  | Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance, April 1, 2023 | $ | (64.7) |  |  | $ | 11.1 |  |  | $ | (18.2) |  |  | $ | (71.8) |
Other comprehensive income (loss) | 4.2 |  |  | (1.8) |  |  | (.4) |  |  | 2.0 |
Reclassifications, pretax | — |  |  | .8 |  |  | .5 |  |  | 1.3 |
Balance, June 30, 2023 | $ | (60.5) |  |  | $ | 10.1 |  |  | $ | (18.1) |  |  | $ | (68.5) |
Balance, April 1, 2022 | $ | (20.5) |  |  | $ | 12.9 |  |  | $ | (37.6) |  |  | $ | (45.2) |
Other comprehensive income (loss) | (61.0) |  |  | (2.9) |  |  | (1.0) |  |  | (64.9) |
Reclassifications, pretax | — |  |  | (.4) |  |  | .7 |  |  | .3 |
Income tax effect | — |  |  | .5 |  |  | .1 |  |  | .6 |
Balance, June 30, 2022 | $ | (81.5) |  |  | $ | 10.1 |  |  | $ | (37.8) |  |  | $ | (109.2) |
|  |  | Six Months Ended June 30,
|  |  | Foreign Currency Translation Adjustments |  | Cash Flow Hedges |  | Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2023 | $ | (83.5) |  |  | $ | 8.4 |  |  | $ | (18.4) |  |  | $ | (93.5) |
Other comprehensive income (loss) | 22.9 |  |  | .8 |  |  | (.5) |  |  | 23.2 |
Reclassifications, pretax | — |  |  | 1.4 |  |  | .9 |  |  | 2.3 |
Income tax effect | — |  |  | (.5) |  |  | (.1) |  |  | (.6) |
Attributable to noncontrolling interest | .1 |  |  | — |  |  | — |  |  | .1 |
Balance, June 30, 2023 | $ | (60.5) |  |  | $ | 10.1 |  |  | $ | (18.1) |  |  | $ | (68.5) |
Balance, January 1, 2022 | $ | (11.7) |  |  | $ | 11.9 |  |  | $ | (38.5) |  |  | $ | (38.3) |
Other comprehensive income (loss) | (69.8) |  |  | (.5) |  |  | (1.0) |  |  | (71.3) |
Reclassifications, pretax | — |  |  | (1.6) |  |  | 1.4 |  |  | (.2) |
Income tax effect | — |  |  | .3 |  |  | .3 |  |  | .6 |
Balance, June 30, 2022 | $ | (81.5) |  |  | $ | 10.1 |  |  | $ | (37.8) |  |  | $ | (109.2) |

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