11. EQUITY

The changes in the equity components for the nine month period ended September 30, 2018 were as follows (dollars in millions).

	Common stock		Additional paid in capital		Retained earnings			Accumulated other comprehensive (loss) income			Treasury stock			Total parent shareholders' equity			Non- controlling interest			Total equity
Balance at December 31, 2017	$	102.8	$	1,329.3	$	4,079.2		$	(287.5	)	$	(1,188.7	)	$	4,035.1		$	134.3		$	4,169.4
Comprehensive Income:
Net income		—		—		281.4			—			—			281.4			(6.9	)		274.5
Foreign currency translation		—		—		—			(134.1	)		—			(134.1	)		(0.7	)		(134.8	)
Net change in cash flow hedges		—		—		—			1.1			—			1.1			—			1.1
Defined benefit pension plan		—		—		—			6.1			—			6.1			—			6.1
Total Comprehensive Income		—		—	281.4				(126.9	)		—			154.5			(7.6	)		146.9
Stock-based compensation		—		—		—			—			18.9			18.9			—			18.9
Cash dividends declared		—		—		(162.5	)		—			—			(162.5	)		—			(162.5	)
Dividends paid to non-controlling interest on subsidiary shares		—		—		—			—			—			—			(2.0	)		(2.0	)
Distribution of Veoneer		—		—		(2,021.9	)		13.0			—			(2,008.9	)		(111.7	)		(2,120.6	)
Adjustment due to adoption of ASC 606		—		—		3.3			—			—			3.3			—			3.3
Adjustment due to adoption of ASU 2018-02		—		—		10.2			(10.2	)		—			—			—			—
Balance at September 30, 2018	$	102.8	$	1,329.3	$	2,189.7		$	(411.6	)	$	(1,169.8	)	$	2,040.4		$	13.0		$	2,053.4

The following tables present details about components of accumulated comprehensive income (loss) for the three and nine month periods ended September 30, 2018 and September 30, 2017, respectively (dollars in millions).

	Three Months ended
	September30, 2018									September 30, 2017
	Equity attributable to									Equity attributable to
	Controlling interest			Non-controlling interest			Total			Controlling interest			Non-controlling interest			Total
Balance at beginning of period	$	1,994.5		$	13.1		$	2,007.6		$	3,859.7		$	252.6		$	4,112.3
Total Comprehensive Income:
Net income		117.5			0.5			118.0			90.8			(2.6	)		88.2
Foreign currency translation		(29.0	)		(1.0	)		(30.0	)		57.1			0.8			57.9
Net change in cash flow hedges					—			—			(3.9	)		—			(3.9	)
Defined benefit pension plan		0.4			—			0.4			1.3			—			1.3
Total Comprehensive Income		88.9			(0.5	)		88.4			145.3			(1.8	)		143.5
Common Stock incentives		3.1			—			3.1			5.4			—			5.4
Cash dividends declared		(54.1	)		—			(54.1	)		(51.8	)		—			(51.8	)
Distribution of Veoneer		8.0			0.4			8.4			—			—			—
Balance at end of period	$	2,040.4		$	13.0		$	2,053.4		$	3,958.6		$	250.8		$	4,209.4

	Nine Months ended
	September 30, 2018									September 30, 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		281.4			(6.9	)		274.5			364.5			(5.9	)		358.6
Foreign currency translation		(134.1	)		(0.7	)		(134.8	)		224.4			7.5			231.9
Net change in cash flow hedges		1.1			—			1.1			(10.5	)		—			(10.5	)
Defined benefit pension plan		6.1			—			6.1			3.8			—			3.8
Total Comprehensive Income		154.5			(7.6	)	146.9				582.2		1.6				583.8
Common Stock incentives		18.9			—			18.9			13.6			—			13.6
Cash dividends declared		(162.5	)		—			(162.5	)		(157.4	)		—			(157.4	)
Dividends paid to non-controlling interest on subsidiary shares		—			(2.0	)		(2.0	)								—
Distribution of Veoneer		(2,008.9	)		(111.7	)		(2,120.6	)		—			—			—
Repurchased shares		—			—			—			(157.0	)		—			(157.0	)
Adjustment due to adoption of ASC 606		3.3			—			3.3			—			—			—
Balance at end of period	$	2,040.4		$	13.0		$	2,053.4		$	3,958.6		$	250.8		$	4,209.4

Stock Repurchase Program

The Company did not repurchase any shares of its common stock in the third quarter of 2018 or in the third quarter of 2017. The Company is authorized to repurchase an additional 2,986,288 shares under the stock repurchase program at September 30, 2018.