Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Issued share capital

The issued share capital consists of the following:

	March 31, 2016		December 31, 2015
Common shares issued and fully paid, 2016 and 2015: CHF 4.10 per share	94,062,342		95,523,230
Share capital at end of period	$	375.1	$	386.7

Schedule of common stock outstanding roll forward

	Three Months Ended   March 31, 2016
Shares issued at beginning of period	95,523,230
Shares canceled	(1,460,888	)
Total shares issued at end of period	94,062,342
Treasury shares issued at beginning of period	4,563,595
Shares repurchased	1,460,888
Shares issued out of treasury	(341,701	)
Shares canceled	(1,460,888	)
Total treasury shares at end of period	4,221,894
Total shares outstanding at end of period	89,840,448

Dividends paid

The Company paid the following dividends during the three months ended March 31, 2016:

Dividend Paid	Dividend Per Share		Total Amount Paid
March 31, 2016	$	0.260	$	23.4

Share repurchases

The Company’s share repurchases were as follows:

	Three Months Ended   March 31,
	2016		2015
Common shares repurchased	1,460,888		1,271,213
Total cost of shares repurchased	$	50.0	$	50.9
Average price per share	$	34.23	$	40.08