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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [Abstract]  
Treasury stock activity
The following is a summary of our treasury stock activity for the nine months ended September 30, 2015 and 2014:
(Number of shares in thousands)
Treasury Stock
Balance as of December 31, 2013
50,318

         Stock awards
(547
)
         Treasury stock purchases
2,388

Balance as of September 30, 2014
52,159

 
 
Balance as of December 31, 2014
54,626

         Stock awards
(523
)
         Treasury stock purchases
3,934

Balance as of September 30, 2015
58,037

Accumulated other comprehensive loss
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, 2014
$
(311.9
)
 
$
(77.3
)
 
$
(294.5
)
 
$
(683.7
)
Other comprehensive income (loss) before reclassifications, net of tax
(184.6
)
 
(50.5
)
 

 
(235.1
)
Reclassification adjustment for net losses (gains) included in net income, net of tax

 
44.6

 
17.2

 
61.8

Other comprehensive income (loss), net of tax
(184.6
)
 
(5.9
)
 
17.2

 
(173.3
)
September 30, 2015
$
(496.5
)
 
$
(83.2
)
 
$
(277.3
)
 
$
(857.0
)

Reclassifications out of accumulated other comprehensive loss
Reclassifications out of accumulated other comprehensive loss consisted of the following:
 
 
Three Months Ended
 
Nine Months Ended
 
 
(In millions)
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
 
 
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:
 
$
(29.9
)
 
$
(12.2
)
 
$
(91.6
)
 
$
(27.0
)
 
Revenue
 
 
17.8

 
9.1

 
36.8

 
29.4

 
Cost of sales
 
 
(0.4
)
 

 
(1.3
)
 

 
Selling, general and administrative expense
 
 
0.1

 

 

 

 
Research and development expense
 
 
(1.8
)
 

 
0.1

 

 
Net interest expense
 
 
(14.2
)
 
(3.1
)
 
(56.0
)
 
2.4

 
Income before income taxes
 
 
2.7

 
1.1

 
11.4

 
2.5

 
Income tax (expense) benefit
 
 
$
(11.5
)
 
$
(2.0
)
 
$
(44.6
)
 
$
4.9

 
Net income
Defined pension and other post-retirement benefits
 
 
 
 
 
 
 
 
 
 
Amortization of actuarial gain (loss)
 
$
(7.7
)
 
$
(4.7
)
 
$
(23.3
)
 
$
(14.0
)
 
(a) 
Amortization of prior service credit (cost)
 

 
0.1

 
(0.1
)
 
0.2

 
(a) 
Settlement cost
 
(2.0
)
 

 
(2.0
)
 

 
(a) 
 
 
(9.7
)
 
(4.6
)
 
(25.4
)
 
(13.8
)
 
Income before income taxes
 
 
3.2

 
1.5

 
8.2

 
4.8

 
Income tax (expense) benefit
 
 
$
(6.5
)
 
$
(3.1
)
 
$
(17.2
)
 
$
(9.0
)
 
Net income
_______________________
(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details).