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STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Summary of Statement of Changes in Equity |
| Three Months Ended September 30, 2023
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, July 1, 2023 | $ | 1,668.6 |  |  | $ | 3,031.2 |  |  | $ | 572.2 |  |  | $ | (1,866.9) |  |  | $ | .6 |  |  | $ | (68.5) |
Net earnings | 52.9 |  |  | 52.8 |  |  | — |  |  | — |  |  | .1 |  |  | — |
Dividends declared (See Note 6) | (61.3) |  |  | (62.7) |  |  | 1.4 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (.6) |  |  | — |  |  | — |  |  | (.6) |  |  | — |  |  | — |
Treasury stock issued | 1.2 |  |  | — |  |  | (1.4) |  |  | 2.6 |  |  | — |  |  | — |
Foreign currency translation adjustments | (26.2) |  |  | — |  |  | — |  |  | — |  |  | .1 |  |  | (26.3) |
Cash flow hedges, net of tax | (2.2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.2) |
Defined benefit pension plans, net of tax | .3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .3 |
Stock-based compensation transactions, net of tax | 3.2 |  |  | — |  |  | 3.2 |  |  | — |  |  | — |  |  | — |
Ending balance, September 30, 2023 | $ | 1,635.9 |  |  | $ | 3,021.3 |  |  | $ | 575.4 |  |  | $ | (1,864.9) |  |  | $ | .8 |  |  | $ | (96.7) |
| Three Months Ended September 30, 2022
| Total Equity |  | Retained Earnings |  | Common Stock & Additional Contributed Capital |  | Treasury Stock |  | Noncontrolling Interest |  | Accumulated Other Comprehensive Income (Loss)
Beginning balance, July 1, 2022 | $ | 1,614.6 |  |  | $ | 3,041.3 |  |  | $ | 563.3 |  |  | $ | (1,881.4) |  |  | $ | .6 |  |  | $ | (109.2) |
Net earnings | 71.5 |  |  | 71.4 |  |  | — |  |  | — |  |  | .1 |  |  | — |
Dividends declared (See Note 6) | (58.4) |  |  | (59.7) |  |  | 1.3 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (3.5) |  |  | — |  |  | — |  |  | (3.5) |  |  | — |  |  | — |
Treasury stock issued | 1.4 |  |  | — |  |  | — |  |  | 1.4 |  |  | — |  |  | — |
Foreign currency translation adjustments | (61.7) |  |  | — |  |  | — |  |  | — |  |  | (.1) |  |  | (61.6) |
Cash flow hedges, net of tax | (4.2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4.2) |
Defined benefit pension plans, net of tax | .9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .9 |
Stock-based compensation transactions, net of tax | 2.2 |  |  | — |  |  | 2.2 |  |  | — |  |  | — |  |  | — |
Ending balance, September 30, 2022 | $ | 1,562.8 |  |  | $ | 3,053.0 |  |  | $ | 566.8 |  |  | $ | (1,883.5) |  |  | $ | .6 |  |  | $ | (174.1) |
| Nine Months Ended September 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 | 160.6 |  |  | 160.5 |  |  | — |  |  | — |  |  | .1 |  |  | — |
Dividends declared (See Note 6) | (181.0) |  |  | (185.2) |  |  | 4.2 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (5.9) |  |  | — |  |  | — |  |  | (5.9) |  |  | — |  |  | — |
Treasury stock issued | 4.6 |  |  | — |  |  | (18.7) |  |  | 23.3 |  |  | — |  |  | — |
Foreign currency translation adjustments | (3.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3.3) |
Cash flow hedges, net of tax | (.5) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (.5) |
Defined benefit pension plans, net of tax | .6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .6 |
Stock-based compensation transactions, net of tax | 19.4 |  |  | — |  |  | 19.4 |  |  | — |  |  | — |  |  | — |
Ending balance, September 30, 2023 | $ | 1,635.9 |  |  | $ | 3,021.3 |  |  | $ | 575.4 |  |  | $ | (1,864.9) |  |  | $ | .8 |  |  | $ | (96.7) |
| Nine Months Ended September 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 | 257.1 |  |  | 257.0 |  |  | — |  |  | — |  |  | .1 |  |  | — |
Dividends declared (See Note 6) | (173.1) |  |  | (177.0) |  |  | 3.9 |  |  | — |  |  | — |  |  | — |
Treasury stock purchased | (60.3) |  |  | — |  |  | — |  |  | (60.3) |  |  | — |  |  | — |
Treasury stock issued | 8.3 |  |  | — |  |  | (15.1) |  |  | 23.4 |  |  | — |  |  | — |
Foreign currency translation adjustments | (131.5) |  |  | — |  |  | — |  |  | — |  |  | (.1) |  |  | (131.4) |
Cash flow hedges, net of tax | (6.0) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6.0) |
Defined benefit pension plans, net of tax | 1.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1.6 |
Stock-based compensation transactions, net of tax | 18.1 |  |  | — |  |  | 18.1 |  |  | — |  |  | — |  |  | — |
Ending balance, September 30, 2022 | $ | 1,562.8 |  |  | $ | 3,053.0 |  |  | $ | 566.8 |  |  | $ | (1,883.5) |  |  | $ | .6 |  |  | $ | (174.1) |
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 September 30,
|  |  | Foreign Currency Translation Adjustments |  | Cash Flow Hedges |  | Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance, July 1, 2023 | $ | (60.5) |  |  | $ | 10.1 |  |  | $ | (18.1) |  |  | $ | (68.5) |
Other comprehensive income (loss) | (26.2) |  |  | (3.2) |  |  | .2 |  |  | (29.2) |
Reclassifications, pretax | — |  |  | .5 |  |  | .2 |  |  | .7 |
Income tax effect | — |  |  | .5 |  |  | (.1) |  |  | .4 |
Attributable to noncontrolling interest | (.1) |  |  | — |  |  | — |  |  | (.1) |
Balance, September 30, 2023 | $ | (86.8) |  |  | $ | 7.9 |  |  | $ | (17.8) |  |  | $ | (96.7) |
Balance, July 1, 2022 | $ | (81.5) |  |  | $ | 10.1 |  |  | $ | (37.8) |  |  | $ | (109.2) |
Other comprehensive income (loss) | (61.7) |  |  | (5.1) |  |  | .6 |  |  | (66.2) |
Reclassifications, pretax | — |  |  | (.1) |  |  | .6 |  |  | .5 |
Income tax effect | — |  |  | 1.0 |  |  | (.3) |  |  | .7 |
Attributable to noncontrolling interest | .1 |  |  | — |  |  | — |  |  | .1 |
Balance, September 30, 2022 | $ | (143.1) |  |  | $ | 5.9 |  |  | $ | (36.9) |  |  | $ | (174.1) |
|  |  | Nine Months Ended September 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) | (3.3) |  |  | (2.4) |  |  | (.3) |  |  | (6.0) |
Reclassifications, pretax | — |  |  | 1.9 |  |  | 1.1 |  |  | 3.0 |
Income tax effect | — |  |  | — |  |  | (.2) |  |  | (.2) |
Balance, September 30, 2023 | $ | (86.8) |  |  | $ | 7.9 |  |  | $ | (17.8) |  |  | $ | (96.7) |
Balance, January 1, 2022 | $ | (11.7) |  |  | $ | 11.9 |  |  | $ | (38.5) |  |  | $ | (38.3) |
Other comprehensive income (loss) | (131.5) |  |  | (5.6) |  |  | (.4) |  |  | (137.5) |
Reclassifications, pretax | — |  |  | (1.7) |  |  | 2.0 |  |  | .3 |
Income tax effect | — |  |  | 1.3 |  |  | — |  |  | 1.3 |
Attributable to noncontrolling interest | .1 |  |  | — |  |  | — |  |  | .1 |
Balance, September 30, 2022 | $ | (143.1) |  |  | $ | 5.9 |  |  | $ | (36.9) |  |  | $ | (174.1) |

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