Shareholders' Equity

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Shareholders' Equity

15. Shareholders’ Equity

The number of shares outstanding as of December 31, 2020 was 87,353,432.

DIVIDENDS	2020		2019		2018
Cash dividend paid per share	$	0.62	$	2.48	$	2.46
Cash dividend declared per share1)	$	—	$	2.48	$	2.48
1) On February 20, 2020, the Company declared a dividend of $0.62 per share for the second quarter of 2020. On April 2, 2020, the Company canceled its declared dividend for the second quarter of 2020.

OTHER COMPREHENSIVE LOSS / ENDING BALANCE1)	2020			2019			2018
Cumulative translation adjustments	$	(268.8	)	$	(364.9	)	$	(381.2	)
Net pension liability		(78.1	)		(84.0	)		(55.0	)
Distribution to Veoneer		—			—			13.0
Total (ending balance)	$	(346.9	)	$	(448.9	)	$	(423.2	)
Deferred taxes on the pension liability	$	22.8		$	24.6		$	15.4

1) The components of Other Comprehensive Loss are net of any related income tax effects.

SHARE REPURCHASE PROGRAM

The Company’s Board of Directors approved a share repurchase program in 2000 authorizing the repurchase of 10 million shares and subsequently expanded the authorization four times between 2000 and 2014 to 47.5 million shares. The Company made no share repurchases during 2018-2020. There is no expiration date for the share repurchase program. The Company is authorized to repurchase an additional 2,986,288 shares under the program at December 31, 2020.