Equity

6 Months Ended

Jun. 30, 2011

Equity

Equity

13. EQUITY

The following table summarizes the Company's equity and comprehensive income activity:

(In millions)	Total Equity			Total Shareholders' Equity			Noncontrolling Interests
Balance as of January 1, 2011	$	(358.3	)	$	(367.4	)	$	9.1
Comprehensive income:
Net earnings		283.8			278.2			5.6
Other comprehensive income:
Foreign currency translation adjustment, net of tax of $(5.3)		31.5			31.3			0.2
Deferred gains (losses) on derivatives qualifying as hedges, net of tax of $0.7		(1.7	)		(1.7	)		—
Amortization of deferred losses on pension and other post retirement benefits, net of tax of $(2.7)		(0.2	)		(0.2	)		—
Total comprehensive income		313.4			307.6			5.8
Stock-based compensation		23.6			23.6			—
Treasury stock acquired		(54.1	)		(54.1	)		—
Cash dividends declared		(106.4	)		(106.4	)		—
Distributions to noncontrolling interests		(2.7	)		—			(2.7	)
Balance as of June 30, 2011	$	(184.5	)	$	(196.7	)	$	12.2
Balance as of January 1, 2010	$	(664.3	)	$	(674.9	)	$	10.6
Comprehensive income:
Net earnings		250.0			247.0			3.0
Other comprehensive income:
Foreign currency translation adjustment, net of tax of $(0.9)		(18.2	)		(18.1	)		(0.1	)
Deferred gains (losses) on derivatives qualifying as hedges, net of tax of $(1.4)		3.5			3.5			—
Amortization of deferred losses on pension and other post retirement benefits, net of tax of $0.1		1.8			1.8			—
Total comprehensive income		237.1			234.2			2.9
Stock-based compensation		10.4			10.4			—
Cash dividends declared		(92.5	)		(92.5	)		—
Balance as of June 30, 2010	$	(509.3	)	$	(522.8	)	$	13.5

Changes in common shares and treasury stock were as follows:

(In millions)	Common Shares Issued		Treasury Stock			Cost of Treasury Stock
Balance as of January 1, 2011		204.8		(0.1	)	$	(3.2	)
Stock-based compensation		0.1		—			(0.1	)
Treasury stock purchases		—		(0.8	)		(54.1	)
Balance as of June 30, 2011		204.9		(0.9	)	$	(57.4	)
Balance as of January 1, 2010		204.5		—		$	—
Stock-based compensation		0.1		—			—
Treasury stock purchases		—		—			—
Balance as of June 30, 2010		204.6		—		$	—

The Company may use either authorized and unissued shares or treasury shares to meet share requirements resulting from the exercise of stock options and vesting of performance awards and restricted stock awards. Treasury stock is recognized at the cost to reacquire the shares. Shares issued from treasury are recognized using the first-in first-out method.