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Stockholders' Equity
 9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
There were no cash dividends declared during the three and nine months ended September 30, 2014 and 2013.

The following is a summary of our treasury stock activity for the nine months ended September 30, 2014 and 2013:
(Number of shares in thousands)
Treasury Stock
Balance as of December 31, 2012
49,061

         Stock awards
(944
)
         Treasury stock purchases
1,371

Balance as of September 30, 2013
49,488

 
 
Balance as of December 31, 2013
50,318

         Stock awards
(547
)
         Treasury stock purchases
2,388

Balance as of September 30, 2014
52,159


We repurchased $129.8 million and $70.8 million of common stock during the nine months ended September 30, 2014 and September 30, 2013, respectively, under the authorized repurchase program. As of September 30, 2014, our Board of Directors had authorized 75.0 million shares of common stock under our share repurchase program, and approximately 10.5 million shares of common stock remained available for purchase, which may be executed from time to time in the open market. We intend to hold repurchased shares in treasury for general corporate purposes, including issuances under our stock-based compensation plan. Treasury shares are accounted for using the cost method.
Accumulated other comprehensive loss consisted of the following: 
(In millions)
Foreign Currency
Translation
 
Hedging
 
Defined Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
December 31, 2013
$
(204.3
)
 
$
31.9

 
$
(168.3
)
 
$
(340.7
)
Other comprehensive income (loss) before reclassifications, net of tax
(44.4
)
 
(49.1
)
 
—

 
(93.5
)
Reclassification adjustment for net losses (gains) included in net income, net of tax
—

 
(4.9
)
 
9.0

 
4.1

Other comprehensive income (loss), net of tax
(44.4
)
 
(54.0
)
 
9.0

 
(89.4
)
September 30, 2014
$
(248.7
)
 
$
(22.1
)
 
$
(159.3
)
 
$
(430.1
)

Reclassifications out of accumulated other comprehensive loss consisted of the following:
 
 
Three Months Ended
 
Nine Months Ended
 
 
(In millions)
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
 
 
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified out of Accumulated Other Comprehensive Loss
 
Affected Line Item in the Condensed Consolidated Statement of Income
Gains (losses) on hedging instruments
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts:
 
$
(12.2
)
 
$
(3.6
)
 
$
(27.0
)
 
$
(5.1
)
 
Revenue
 
 
9.1

 
3.4

 
29.4

 
6.4

 
Cost of sales
 
 
—

 
—

 
—

 
0.1

 
Selling, general and administrative expense
 
 
(3.1
)
 
(0.2
)
 
2.4

 
1.4

 
Income before income taxes
 
 
1.1

 
0.8

 
2.5

 
0.3

 
Income tax (expense) benefit
 
 
$
(2.0
)
 
$
0.6

 
$
4.9

 
$
1.7

 
Net income
Defined pension and other post-retirement benefits
 
 
 
 
 
 
 
 
 
 
Amortization of actuarial gain (loss)
 
$
(4.7
)
 
$
(7.8
)
 
$
(14.0
)
 
$
(23.5
)
 
(a) 
Amortization of prior service credit (cost)
 
0.1

 
0.1

 
0.2

 
0.4

 
(a) 
 
 
(4.6
)
 
(7.7
)
 
(13.8
)
 
(23.1
)
 
Income before income taxes
 
 
1.5

 
2.7

 
4.8

 
8.1

 
Income tax (expense) benefit
 
 
$
(3.1
)
 
$
(5.0
)
 
$
(9.0
)
 
$
(15.0
)
 
Net income
_______________________
(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 9 for additional details).