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Consolidated Statements of Stockholders' Deficit - USD ($)
$ in Millions
Total
Common Stock Issued
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock at Cost
Beginning balance at Dec. 31, 2023 $ 285.3 $ 0.9 $ 1,184.6 $ 3,506.2 $ (56.9) $ (4,349.5)
Beginning balance (in shares) at Dec. 31, 2023           51,600,000
Net income 370.2     370.2    
Dividends (80.4)     (80.4)    
Foreign currency translation adjustments (9.5)       (9.5)  
Pension and post-retirement liability changes, net of tax (0.6)       (0.6)  
Stock-based compensation expense 13.3   13.3      
Change in cash flow hedges, net of tax 6.2       6.2  
Treasury shares reissued for common stock 2.0   0.0     $ 2.0
Treasury shares reissued for common stock (in shares)           (100,000)
Treasury stock purchases (9.1)         $ (9.1)
Ending balance at Jun. 30, 2024 577.4 0.9 1,197.9 3,796.0 (60.8) $ (4,356.6)
Ending balance (in shares) at Jun. 30, 2024           51,500,000
Beginning balance at Mar. 31, 2024 368.8 0.9 1,190.6 3,591.1 (57.9) $ (4,355.9)
Beginning balance (in shares) at Mar. 31, 2024           51,500,000
Net income 245.9     245.9    
Dividends (41.0)     (41.0)    
Foreign currency translation adjustments (6.2)       (6.2)  
Pension and post-retirement liability changes, net of tax (0.7)       (0.7)  
Stock-based compensation expense 6.4   6.4      
Change in cash flow hedges, net of tax 4.0       4.0  
Treasury shares reissued for common stock 1.3   0.9     $ 0.4
Treasury shares reissued for common stock (in shares)           0
Treasury stock purchases (1.1)         $ (1.1)
Ending balance at Jun. 30, 2024 577.4 0.9 1,197.9 3,796.0 (60.8) $ (4,356.6)
Ending balance (in shares) at Jun. 30, 2024           51,500,000
Beginning balance at Dec. 31, 2024 $ 850.2 0.9 1,213.3 4,150.8 (93.7) $ (4,421.1)
Beginning balance (in shares) at Dec. 31, 2024 51,573,986         51,600,000
Net income $ 397.9     397.9    
Dividends (86.6)     (86.6)    
Foreign currency translation adjustments 20.1       20.1  
Stock-based compensation expense 14.5   14.5      
Change in cash flow hedges, net of tax 12.2       12.2  
Treasury shares reissued for common stock 2.6   0.5     $ 2.1
Treasury shares reissued for common stock (in shares)           (100,000)
Treasury stock purchases (in shares)           500,000
Treasury stock purchases (310.4)         $ (310.4)
Ending balance at Jun. 30, 2025 $ 900.5 0.9 1,228.3 4,462.1 (61.4) $ (4,729.4)
Ending balance (in shares) at Jun. 30, 2025 52,039,456         52,000,000.0
Beginning balance at Mar. 31, 2025 $ 852.5 0.9 1,219.0 4,230.3 (80.6) $ (4,517.1)
Beginning balance (in shares) at Mar. 31, 2025           51,700,000
Net income 277.6     277.6    
Dividends (45.8)     (45.8)    
Foreign currency translation adjustments 15.9       15.9  
Pension and post-retirement liability changes, net of tax (0.2)       (0.2)  
Stock-based compensation expense 8.2   8.2      
Change in cash flow hedges, net of tax 3.5       3.5  
Treasury shares reissued for common stock 1.5   1.1     $ 0.4
Treasury shares reissued for common stock (in shares)           0
Treasury stock purchases (in shares)           300,000
Treasury stock purchases (212.7)         $ (212.7)
Ending balance at Jun. 30, 2025 $ 900.5 $ 0.9 $ 1,228.3 $ 4,462.1 $ (61.4) $ (4,729.4)
Ending balance (in shares) at Jun. 30, 2025 52,039,456         52,000,000.0