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Stockholders' equity
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Stockholders' equity
Stockholders’ equity
The company has 150 million authorized shares of common stock, par value $.01 per share, and 40 million shares of authorized preferred stock, par value $1 per share, issuable in series.
At December 31, 2018, 34.4 million shares of unissued common stock of the company were reserved for stock-based incentive plans and the company’s convertible senior notes.
Accumulated other comprehensive income (loss) as of December 31, 2018, 2017 and 2016, is as follows:
 
 
Total

 
Translation
Adjustments

 
Postretirement
Plans

Balance at December 31, 2015
 
$
(3,945.3
)
 
$
(833.8
)
 
$
(3,111.5
)
Other comprehensive income before reclassifications
 
(64.9
)
 
(93.3
)
 
28.4

Amounts reclassified from accumulated other comprehensive income
 
(142.6
)
 
—

 
(142.6
)
Current period other comprehensive income
 
(207.5
)
 
(93.3
)
 
(114.2
)
Balance at December 31, 2016
 
(4,152.8
)
 
(927.1
)
 
(3,225.7
)
Other comprehensive income before reclassifications
 
506.8

 
121.9

 
384.9

Amounts reclassified from accumulated other comprehensive income
 
(169.8
)
 
(11.8
)
 
(158.0
)
Current period other comprehensive income
 
337.0

 
110.1

 
226.9

Balance at December 31, 2017
 
(3,815.8
)
 
(817.0
)
 
(2,998.8
)
Reclassification pursuant to ASU No. 2018-02
 
(208.7
)
 
—

 
(208.7
)
Other comprehensive income before reclassifications
 
96.7

 
(79.7
)
 
176.4

Amounts reclassified from accumulated other comprehensive income
 
(157.0
)
 
—

 
(157.0
)
Current period other comprehensive income
 
(269.0
)
 
(79.7
)
 
(189.3
)
Balance at December 31, 2018
 
$
(4,084.8
)
 
$
(896.7
)
 
$
(3,188.1
)

Amounts reclassified out of accumulated other comprehensive income for the three years ended December 31, 2018 are as follows:
Year ended December 31,
 
2018

 
2017

 
2016

Translation Adjustments:
 
 
 
 
 
 
Adjustment for substantial completion of liquidation of foreign subsidiaries(i)
 
$
—

 
$
(11.8
)
 
$
—

Postretirement Plans:
 
 
 
 
 
 
Amortization of prior service cost(ii)
 
7.1

 
5.6

 
5.6

Amortization of actuarial losses(ii)
 
(165.9
)
 
(174.1
)
 
(155.2
)
Curtailment gain(ii)
 
—

 
5.4

 
2.0

Settlement loss(ii)
 
(3.9
)
 
—

 
—

Total before tax
 
(162.7
)
 
(174.9
)
 
(147.6
)
Income tax benefit
 
5.7

 
5.1

 
5.0

Total reclassifications for the period
 
$
(157.0
)
 
$
(169.8
)
 
$
(142.6
)

(i) Reported in other income (expense), net in the consolidated statements of income
(ii) Included in net periodic postretirement cost (see Note 14)
The following table summarizes the changes in shares of common stock and treasury stock during the three years ended December 31, 2018:
 
 
Common
Stock

 
Treasury
Stock

Balance at December 31, 2015
 
52.6

 
2.7

Stock-based compensation
 
0.2

 
—

Balance at December 31, 2016
 
52.8

 
2.7

Stock-based compensation
 
0.6

 
0.2

Balance at December 31, 2017
 
53.4

 
2.9

Stock-based compensation
 
0.8

 
0.2

Balance at December 31, 2018
 
54.2

 
3.1