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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Activity
A roll forward of common stock is presented in the following table.
Number of Shares of Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issued
 
Less
Treasury
 
Outstanding
Common Stock – December 31, 2016
 
206,182,213

 
(4,094,541
)
 
202,087,672

Restricted stock issued
 
1,216,585

 
                          –

 
1,216,585

Repurchase of common stock
 
                          –

 
(71,476,417
)
 
(71,476,417
)
Shares held to cover taxes on vesting restricted shares and other
 
                          –

 
(498,111
)
 
(498,111
)
Employee stock purchase plan participation
 
41,074

 
                          –

 
41,074

Common Stock – September 30, 2017
 
207,439,872

 
(76,069,069
)
 
131,370,803

 
 
 
 
 
 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table details the components of Accumulated Other Comprehensive Loss, net of tax:
Components of Accumulated Other Comprehensive Loss (dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
 
December 31, 2016
 
Gross
Unrealized
 
Income
Taxes
 
Net
Unrealized
 
Gross
Unrealized
 
Income
Taxes
 
Net
Unrealized
Foreign currency translation adjustments
$
(0.3
)
 
$
(6.5
)
 
$
(6.8
)
 
$
(28.6
)
 
$
(32.8
)
 
$
(61.4
)
Changes in benefit plan net gain (loss) and prior service (cost)/credit
(68.4
)
 
4.7

 
(63.7
)
 
(70.6
)
 
5.3

 
(65.3
)
Unrealized net gains on available for sale securities
(4.9
)
 
2.1

 
(2.8
)
 
(22.0
)
 
8.6

 
(13.4
)
Total accumulated other comprehensive loss
$
(73.6
)
 
$
0.3

 
$
(73.3
)
 
$
(121.2
)
 
$
(18.9
)
 
$
(140.1
)
 
The following table details the changes in the components of Accumulated Other Comprehensive Income (Loss), net of income taxes:
Changes in Accumulated Other Comprehensive Income (Loss) by Component (dollars in millions)
 
 
 
 
 
 
 
 
 
Foreign
currency
translation
adjustments
 
Changes in
benefit plan
net gain (loss)
and prior service (cost) credit
 
Unrealized net
gains (losses)
on available
for sale
securities
 
Total AOCI
Balance as of December 31, 2016
$
(61.4
)
 
$
(65.3
)
 
$
(13.4
)
 
$
(140.1
)
AOCI activity before reclassifications
28.4

 
0.9

 
12.9

 
42.2

Amounts reclassified from AOCI
26.2

 
0.7

 
(2.3
)
 
24.6

Net current period AOCI
54.6

 
1.6

 
10.6

 
66.8

Balance as of September 30, 2017
$
(6.8
)
 
$
(63.7
)
 
$
(2.8
)
 
$
(73.3
)
Balance as of December 31, 2015
$
(65.7
)
 
$
(69.3
)
 
$
(7.1
)
 
$
(142.1
)
AOCI activity before reclassifications
11.6

 
(0.2
)
 
20.3

 
31.7

Amounts reclassified from AOCI
4.7

 
1.5

 
—

 
6.2

Net current period AOCI
16.3

 
1.3

 
20.3

 
37.9

Balance as of September 30, 2016
$
(49.4
)
 
$
(68.0
)
 
$
13.2

 
$
(104.2
)
Reclassifications out of Accumulated Other Comprehensive Income
Reclassifications Out of Accumulated Other Comprehensive (Income) Loss (dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarters Ended September 30,
 
 
 
2017
 
2016
 
 
 
Gross
Amount
 
Tax
 
Net
Amount
 
Gross
Amount
 
Tax
 
Net
Amount
 
Income
Statement
line item
Changes in benefit plan net gain/(loss) and prior service (cost)/credit losses
$
0.1

 
$
—

 
$
0.1

 
$
0.1

 
$
—

 
$
0.1

 
Operating
Expenses
Unrealized net gains on available for sale securities
(3.4
)
 
1.3

 
(2.1
)
 
—

 
—

 
—

 
Other Income
Total Reclassifications out of AOCI
$
(3.3
)
 
$
1.3

 
$
(2.0
)
 
$
0.1

 
$
—

 
$
0.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
2017
 
2016
 
 
 
Gross
Amount
 
Tax
 
Net
Amount
 
Gross
Amount
 
Tax
 
Net
Amount
 
Income
Statement
line item
Foreign currency translation adjustments losses (1)
$
24.1

 
$
2.1

 
$
26.2

 
$
3.6

 
$
1.1

 
$
4.7

 
Other
Income
Changes in benefit plan net gain/(loss) and prior service (cost)/credit losses
0.8

 
(0.1
)
 
0.7

 
1.7

 
(0.2
)
 
1.5

 
Operating
Expenses
Unrealized net gains on available for sale securities
(3.6
)
 
1.3

 
(2.3
)
 
—

 
—

 
—

 
Other Income
Total Reclassifications out of AOCI
$
21.3

 
$
3.3

 
$
24.6

 
$
5.3

 
$
0.9

 
$
6.2

 
 

(1) $16.7 million of the reclassification from AOCI during the second quarter of 2017 was a result of the sale of the Commercial Air business and is recorded in gain on sale of discontinued operations.