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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 445.6     445.6    
Dividends (115.9)     (115.9)    
Foreign currency translation adjustments 8.7       8.7  
Pension and post-retirement liability changes, net of tax 0.2       0.2  
Share of equity method investments other comprehensive income (1.1)       (1.1)  
Stock-based compensation expense 23.5   23.5      
Change in cash flow hedges, net of tax 3.6       3.6  
Treasury shares reissued for common stock 2.9   0.2     $ 2.7
Treasury shares reissued for common stock (in shares)           (100,000)
Treasury stock purchases (7.1)         $ (7.1)
Ending balance at Sep. 30, 2023 159.5 0.9 1,178.9 3,400.3 (77.0) $ (4,343.6)
Ending balance (in shares) at Sep. 30, 2023           51,600,000
Beginning balance at Jun. 30, 2023 62.6 0.9 1,169.3 3,309.0 (75.8) $ (4,340.8)
Beginning balance (in shares) at Jun. 30, 2023           51,700,000
Net income 130.4     130.4    
Dividends (39.1)     (39.1)    
Foreign currency translation adjustments (5.7)       (5.7)  
Pension and post-retirement liability changes, net of tax 0.3       0.3  
Share of equity method investments other comprehensive income (1.1)       (1.1)  
Stock-based compensation expense 9.7   9.7      
Change in cash flow hedges, net of tax 3.1       3.1  
Treasury shares reissued for common stock 1.1   (0.1)     $ 1.2
Treasury shares reissued for common stock (in shares)           (100,000)
Treasury stock purchases (4.0)         $ (4.0)
Ending balance at Sep. 30, 2023 159.5 0.9 1,178.9 3,400.3 (77.0) $ (4,343.6)
Ending balance (in shares) at Sep. 30, 2023           51,600,000
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 $ 609.2     609.2    
Dividends (121.4)     (121.4)    
Foreign currency translation adjustments (19.4)       (19.4)  
Pension and post-retirement liability changes, net of tax (0.4)       (0.4)  
Share of equity method investments other comprehensive income (0.2)       (0.2)  
Stock-based compensation expense 20.1   20.1      
Change in cash flow hedges, net of tax 6.2       6.2  
Treasury shares reissued for common stock 3.2         $ 3.0
Treasury shares reissued for common stock (in shares)           (100,000)
Treasury stock purchases (28.6)         $ (28.6)
Ending balance at Sep. 30, 2024 $ 754.0 0.9 1,204.9 3,994.0 (70.7) $ (4,375.1)
Ending balance (in shares) at Sep. 30, 2024 51,537,964         51,500,000
Beginning balance at Jun. 30, 2024 $ 577.4 0.9 1,197.9 3,796.0 (60.8) $ (4,356.6)
Beginning balance (in shares) at Jun. 30, 2024           51,500,000
Net income 239.0     239.0    
Dividends (41.0)     (41.0)    
Foreign currency translation adjustments (9.9)       (9.9)  
Pension and post-retirement liability changes, net of tax 0.2       0.2  
Share of equity method investments other comprehensive income (0.2)       (0.2)  
Stock-based compensation expense 6.8   6.8      
Treasury shares reissued for common stock 1.1   0.2     $ 0.9
Treasury stock purchases (19.4)         (19.4)
Ending balance at Sep. 30, 2024 $ 754.0 $ 0.9 $ 1,204.9 $ 3,994.0 $ (70.7) $ (4,375.1)
Ending balance (in shares) at Sep. 30, 2024 51,537,964         51,500,000