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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2015
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity The following is a roll forward of retained earnings and noncontrolling interest for the six months ended June 30, 2015 and 2014:
(in millions) |  | Retained Earnings |  | Noncontrolling Interest
Balance at December 31, 2014 |  | $ | 486.9 |  |  | $ | — |
Net earnings |  | 14.9 |  |  | — |
Balance at June 30, 2015 |  | $ | 501.8 |  |  | $ | — |
(in millions) |  | Retained Earnings |  | Noncontrolling Interest
Balance at December 31, 2013 |  | $ | 353.2 |  |  | $ | 6.8 |
Net earnings |  | 37.8 |  |  | 3.9 |
Noncontrolling interest deconsolidation as a result of sale |  | — |  |  | (10.7 | )
Balance at June 30, 2014 |  | $ | 391.0 |  |  | $ | — |
Authorized capitalization consists of 300 million shares of $0.01 par value common stock and 3.5 million shares of $0.01 par value preferred stock. None of the preferred shares have been issued. Currently, the company has authorization to purchase up to 10 million shares of common stock at management’s discretion. The company previously purchased approximately 7.6 million shares at a cost of $49.8 million pursuant to this authorization; however, the company has not purchased any shares of its common stock under this authorization since 2006. Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three and six months ended June 30, 2015 and 2014 are as follows:
(in millions) |  | Gains and Losses on Cash Flow Hedges |  | Pension & Postretirement |  | Foreign Currency Translation |  | Total
Balance at December 31, 2014 |  | $ | (6.3 | ) |  | $ | (95.0 | ) |  | $ | (29.2 | ) |  | $ | (130.5 | )
Other comprehensive loss before reclassifications |  | (6.9 | ) |  | — |  |  | (62.8 | ) |  | (69.7 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  | 2.8 |  |  | 1.4 |  |  | — |  |  | 4.2 |
Net current period other comprehensive (loss) income |  | (4.1 | ) |  | 1.4 |  |  | (62.8 | ) |  | (65.5 | )
Balance at March 31, 2015 |  | $ | (10.4 | ) |  | $ | (93.6 | ) |  | $ | (92.0 | ) |  | $ | (196.0 | )
Other comprehensive income before reclassifications |  | 1.0 |  |  | — |  |  | 8.6 |  |  | 9.6 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 3.3 |  |  | 1.4 |  |  | — |  |  | 4.7 |
Net current period other comprehensive income |  | 4.3 |  |  | 1.4 |  |  | 8.6 |  |  | 14.3 |
Balance at June 30, 2015 |  | $ | (6.1 | ) |  | $ | (92.2 | ) |  | $ | (83.4 | ) |  | $ | (181.7 | )
(in millions) |  | Gains and Losses on Cash Flow Hedges |  | Pension & Postretirement |  | Foreign Currency items |  | Total
Balance at December 31, 2013 |  | $ | 1.0 |  |  | $ | (62.7 | ) |  | $ | 54.8 |  |  | $ | (6.9 | )
Other comprehensive (loss) income before reclassifications |  | (0.9 | ) |  | — |  |  | 3.4 |  |  | 2.5 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (0.2 | ) |  | 0.8 |  |  | — |  |  | 0.6 |
Net current period other comprehensive (loss) income |  | (1.1 | ) |  | 0.8 |  |  | 3.4 |  |  | 3.1 |
Balance at March 31, 2014 |  | $ | (0.1 | ) |  | $ | (61.9 | ) |  | $ | 58.2 |  |  | $ | (3.8 | )
Other comprehensive loss before reclassifications |  | (1.0 | ) |  | — |  |  | (2.0 | ) |  | (3.0 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  | 0.1 |  |  | 0.8 |  |  | — |  |  | 0.9 |
Net current period other comprehensive (loss) income |  | (0.9 | ) |  | 0.8 |  |  | (2.0 | ) |  | (2.1 | )
Balance at June 30, 2014 |  | $ | (1.0 | ) |  | $ | (61.1 | ) |  | $ | 56.2 |  |  | $ | (5.9 | )
The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2015:
|  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2015 |  |
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |  |  |
Foreign exchange contracts |  | $ | (4.0 | ) |  | $ | (4.5 | ) |  | Cost of sales
Commodity contracts |  | (0.7 | ) |  | (0.9 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | (0.6 | ) |  | (0.8 | ) |  | Interest Expense
|  | (5.3 | ) |  | (6.2 | ) |  | Total before tax
|  | 2.0 |  |  | 2.3 |  |  | Tax expense
|  | $ | (3.3 | ) |  | $ | (3.9 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | (1.9 | ) |  | (3.8 | ) | (a) |
|  | (1.9 | ) |  | (3.8 | ) |  | Total before tax
|  | 0.5 |  |  | 1.0 |  |  | Tax benefit
|  | $ | (1.4 | ) |  | $ | (2.8 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (4.7 | ) |  | $ | (6.7 | ) |  | Net of Tax
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 16, “Employee Benefit Plans,” for further details).
The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2014:
|  | Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2014 |  |
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.3 |  |  | $ | 0.6 |  |  | Cost of sales
Commodity contracts |  | (0.1 | ) |  | (0.2 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | (0.4 | ) |  | (0.4 | ) |  | Interest expense
|  | (0.2 | ) |  | — |  |  | Total before tax
|  | 0.1 |  |  | — |  |  | Tax expense
|  | $ | (0.1 | ) |  | $ | — |  |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | (1.1 | ) |  | (2.1 | ) | (a) |
|  | (1.1 | ) |  | (2.1 | ) |  | Total before tax
|  | 0.3 |  |  | 0.5 |  |  | Tax benefit
|  | $ | (0.8 | ) |  | $ | (1.6 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (0.9 | ) |  | $ | (1.6 | ) |  | Net of Tax
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 16, “Employee Benefit Plans,” for further details).

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 + Details
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