XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Controlling and Non-Controlling Interest
 9 Months Ended
Sep. 30, 2017
Noncontrolling Interest [Abstract]  
Controlling and Non-Controlling Interest

12 Controlling and Non-Controlling Interest

 

 

 

Three Months ended

 

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

Equity attributable to

 

 

Equity attributable to

 

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

Balance at beginning of period

 

$

3,859.7

 

 

$

252.6

 

 

$

4,112.3

 

 

$

3,676.8

 

 

$

275.6

 

 

$

3,952.4

 

Total Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

90.8

 

 

 

(2.6

)

 

 

88.2

 

 

 

137.8

 

 

 

(2.3

)

 

 

135.5

 

Foreign currency translation

 

 

57.1

 

 

 

0.8

 

 

 

57.9

 

 

 

(5.4

)

 

 

3.3

 

 

 

(2.1

)

Net change in cash flow hedges

 

 

(3.9

)

 

 

—

 

 

 

(3.9

)

 

 

1.2

 

 

 

—

 

 

 

1.2

 

Defined benefit pension plan

 

 

1.3

 

 

 

—

 

 

 

1.3

 

 

 

0.8

 

 

 

—

 

 

 

0.8

 

Total Comprehensive Income (loss)

 

 

145.3

 

 

 

(1.8

)

 

 

143.5

 

 

 

134.4

 

 

 

1.0

 

 

 

135.4

 

Common Stock incentives

 

 

5.4

 

 

 

—

 

 

 

5.4

 

 

 

2.7

 

 

 

—

 

 

 

2.7

 

Cash dividends declared

 

 

(51.8

)

 

 

—

 

 

 

(51.8

)

 

 

(51.2

)

 

 

—

 

 

 

(51.2

)

Repurchased shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Dividends paid to non-controlling interest on subsidiary shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Investment in subsidiary by non-controlling

   interest

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2.3

)

 

 

(2.3

)

Balance at end of period

 

$

3,958.6

 

 

$

250.8

 

 

$

4,209.4

 

 

$

3,762.7

 

 

$

274.3

 

 

$

4,037.0

 

 

 

 

Nine Months ended

 

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

Equity attributable to

 

 

Equity attributable to

 

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

Balance at beginning of period

 

$

3,677.2

 

 

$

249.2

 

 

$

3,926.4

 

 

$

3,455.6

 

 

$

12.5

 

 

$

3,468.1

 

Total Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

364.5

 

 

 

(5.9

)

 

 

358.6

 

 

 

419.4

 

 

 

(2.0

)

 

 

417.4

 

Foreign currency translation

 

 

224.4

 

 

 

7.5

 

 

 

231.9

 

 

 

23.5

 

 

 

13.0

 

 

 

36.5

 

Net change in cash flow hedges

 

 

(10.5

)

 

 

—

 

 

 

(10.5

)

 

 

3.9

 

 

 

—

 

 

 

3.9

 

Defined benefit pension plan

 

 

3.8

 

 

 

—

 

 

 

3.8

 

 

 

2.2

 

 

 

—

 

 

 

2.2

 

Total Comprehensive Income

 

 

582.2

 

 

 

1.6

 

 

 

583.8

 

 

 

449.0

 

 

 

11.0

 

 

 

460.0

 

Common Stock incentives

 

 

13.6

 

 

 

—

 

 

 

13.6

 

 

 

11.6

 

 

 

—

 

 

 

11.6

 

Cash dividends declared

 

 

(157.4

)

 

 

—

 

 

 

(157.4

)

 

 

(153.5

)

 

 

—

 

 

 

(153.5

)

Repurchased shares

 

 

(157.0

)

 

 

—

 

 

 

(157.0

)

 

 

—

 

 

 

—

 

 

 

—

 

Dividends paid to non-controlling interest on

   subsidiary shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1.7

)

 

 

(1.7

)

Investment in subsidiary by non-controlling

   interest

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

252.5

 

 

 

252.5

 

Balance at end of period

 

$

3,958.6

 

 

$

250.8

 

 

$

4,209.4

 

 

$

3,762.7

 

 

$

274.3

 

 

$

4,037.0

 

 

Stock Repurchase Program

The Company did not repurchase any shares in the third quarter of 2017. In the second quarter of 2017, the Company repurchased 1.4 million common shares for cash at an aggregate amount of $157 million. The Company is authorized to repurchase an additional 2,986,288 shares under the program at September 30, 2017. The stock repurchases made in the second quarter of 2017 were the first stock repurchases made under the program since March 2015.