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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, 2022 $ (203.1) $ 0.9 $ 1,155.2 $ 3,070.6 $ (90.6) $ (4,339.2)
Beginning balance (in shares) at Dec. 31, 2022           51,700,000
Net income 315.2     315.2    
Dividends (76.8)     (76.8)    
Foreign currency translation adjustments 14.3       14.3  
Stock-based compensation expense 13.8   13.8      
Change in cash flow hedges, net of tax 0.5       0.5  
Treasury shares reissued for common stock 1.9   0.3     $ 1.6
Treasury stock purchases (3.2)         (3.2)
Ending balance at Jun. 30, 2023 62.6 0.9 1,169.3 3,309.0 (75.8) $ (4,340.8)
Ending balance (in shares) at Jun. 30, 2023           51,700,000
Beginning balance at Mar. 31, 2023 (125.9) 0.9 1,161.1 3,130.9 (78.6) $ (4,340.2)
Beginning balance (in shares) at Mar. 31, 2023           51,700,000
Net income 217.2     217.2    
Dividends (39.1)     (39.1)    
Foreign currency translation adjustments 7.5       7.5  
Pension and post-retirement liability changes, net of tax (0.3)       (0.3)  
Stock-based compensation expense 7.7   7.7      
Change in cash flow hedges, net of tax (4.4)       (4.4)  
Treasury shares reissued for common stock 1.1   0.5     $ 0.6
Treasury stock purchases (1.2)         (1.2)
Ending balance at Jun. 30, 2023 62.6 0.9 1,169.3 3,309.0 (75.8) $ (4,340.8)
Ending balance (in shares) at Jun. 30, 2023           51,700,000
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 51,588,103         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         $ 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 51,538,343         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 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 51,538,343         51,500,000