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Equity
3 Months Ended
Mar. 31, 2018
Noncontrolling Interest [Abstract]  
Equity

13. EQUITY

 

 

 

Three Months ended

 

 

 

March 31, 2018

 

 

March 31, 2017

 

 

 

Equity attributable to

 

 

Equity attributable to

 

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

 

Controlling

interest

 

 

Non-controlling

interest

 

 

Total

 

Balance at beginning of period

 

$

4,035.1

 

 

$

134.3

 

 

$

4,169.4

 

 

$

3,677.2

 

 

$

249.2

 

 

$

3,926.4

 

Total Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

126.7

 

 

 

(4.3

)

 

 

122.4

 

 

 

143.9

 

 

 

(1.8

)

 

 

142.1

 

Foreign currency translation

 

 

85.8

 

 

 

5.8

 

 

 

91.6

 

 

 

82.6

 

 

 

5.8

 

 

 

88.4

 

Net change in cash flow hedges

 

 

0.4

 

 

 

 

 

 

0.4

 

 

 

(2.6

)

 

 

 

 

 

(2.6

)

Defined benefit pension plan

 

 

0.6

 

 

 

 

 

 

0.6

 

 

 

1.2

 

 

 

 

 

 

1.2

 

Total Comprehensive Income (loss)

 

 

213.5

 

 

 

1.5

 

 

 

215.0

 

 

 

225.1

 

 

 

4.0

 

 

 

229.1

 

Common Stock incentives

 

 

8.6

 

 

 

 

 

 

8.6

 

 

 

4.4

 

 

 

 

 

 

4.4

 

Cash dividends declared

 

 

(54.2

)

 

 

 

 

 

(54.2

)

 

 

(53.0

)

 

 

 

 

 

(53.0

)

Adjustment due to adoption of ASC 606

 

 

3.2

 

 

 

 

 

 

3.2

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

4,206.2

 

 

$

135.8

 

 

$

4,342.0

 

 

$

3,853.7

 

 

$

253.2

 

 

$

4,106.9

 

 

Stock Repurchase Program

The Company did not repurchase any shares in the first quarter of 2018 or in the first quarter of 2017. The Company is authorized to repurchase an additional 2,986,288 shares under the program at March 31, 2018.