XML 76 R41.htm IDEA: XBRL DOCUMENT v3.3.0.814
EQUITY (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Schedule of changes in common shares and treasury stock
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, 2015
 
207.2

 
4.9

 
$
362.6

Stock-based compensation
 
0.5

 

 

Treasury stock purchases
 

 
5.7

 
437.0

Balance as of September 30, 2015
 
207.7

 
10.6

 
$
799.6

 
 
 
 
 
 
 
Balance as of January 1, 2014
 
206.8

 
4.8

 
$
351.9

Stock-based compensation
 
0.8

 
0.1

 
7.9

Treasury stock purchases
 

 
0.6

 
48.5

Balance as of September 30, 2014
 
207.6

 
5.5

 
$
408.3

Schedule of changes in accumulated other comprehensive income by component
Changes in accumulated other comprehensive loss by component were as follows:
(In millions)
 
Foreign Currency Translation Adjustments
 
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges
 
Pension and Other Post-employment Benefits
 
Total
 
Noncontrolling Interest
 
Redeemable Noncontrolling Interest
 
Balance as of January 1, 2015
 
$
(180.4
)
 
$
(17.8
)
 
$
(0.7
)
 
$
(198.9
)
 
$
1.9

 
$
(21.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Deferred Gains/(Losses)
 
(103.5
)
 
22.0

 
 
 
(81.5
)
 
(0.3
)
(1
)
(1.3
)
(1
)
  Reclassification Adjustment for (Gains)/Losses Included in Net Earnings
 
 
 
(13.1
)
 
 
 
(13.1
)
 
 
 
 
 
  Tax Benefit/(Expense)
 
0.7

 
(0.8
)
 
 
 
(0.1
)
 
 
 
 
 
Acquisition of Noncontrolling Interest
 
(11.5
)
 
 
 
 
 
(11.5
)
 
(11.4
)
 
22.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of September 30, 2015
 
$
(294.7
)
 
$
(9.7
)
 
$
(0.7
)
 
$
(305.1
)
 
$
(9.8
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of January 1, 2014
 
$
(83.6
)
 
$
15.4

 
$
(1.0
)
 
$
(69.2
)
 
$
1.9

 
$
(14.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Deferred Gains/(Losses)
 
(49.7
)
 
(64.3
)
(2)


 
(114.0
)
 


(1
)
(6.8
)
(1
)
  Reclassification Adjustment for (Gains)/Losses Included in Net Earnings
 


 
(2.8
)
 
0.2

 
(2.6
)
 


 


 
  Tax Benefit/(Expense)
 
0.3

 
24.5

 


 
24.8

 


 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of September 30, 2014
 
$
(133.0
)
 
$
(27.2
)
 
$
(0.8
)
 
$
(161.0
)
 
$
1.9

 
$
(21.2
)
 

(1) Represents foreign currency translation adjustments.
(2) See Note 16. Derivatives and Other Financial Instruments for additional information related to interest rate forward swaps.
Schedule of reclassification adjustments out of AOCI
Reclassification adjustments out of accumulated other comprehensive loss were as follows:
 
Three Months Ended September 30,
 
Affected Statement of Earnings Lines
 
 
 
 
(In millions)
Cost of Products Sold
 
Tax Benefit/(Expense)
 
Net
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges:
 
 
 
 
 
 
 
 
 
 
 
  Forward Exchange Contracts
$
6.2

 
$

 
$
(0.5
)
 
$
0.1

 
$
5.7

 
$
0.1

  Commodity Contracts
(0.6
)
 
$

 
0.2

 
$

 
(0.4
)
 
$

  Interest Rate Forward Swap
(0.3
)
 
$
(0.5
)
 
0.1

 

 
(0.2
)
 
$
(0.5
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and Other Post-employment Benefit Plans:
 
 
 
 
 
 
 
 
 
 
 
  Prior Service Benefits

 

 

 

 

 

Total Reclassifications
$
5.3

 
$
(0.5
)
 
$
(0.2
)
 
$
0.1

 
$
5.1

 
$
(0.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
Affected Statement of Earnings Lines
 
 
 
 
(In millions)
Cost of Products Sold
 
Tax Benefit/(Expense)
 
Net
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges:
 
 
 
 
 
 
 
 
 
 
 
  Forward Exchange Contracts
$
15.4

 
$
3.3

 
$
(4.5
)
 
$
(0.9
)
 
$
10.9

 
$
2.4

  Commodity Contracts
(1.3
)
 
$

 
0.5

 
$

 
(0.8
)
 
$

  Interest Rate Forward Swap
(1.0
)
 
$
(0.5
)
 
0.4

 
$

 
(0.6
)
 
$
(0.5
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and Other Post-employment Benefit Plans:
 
 
 
 
 
 
 
 
 
 
 
  Prior Service Benefits

 
(0.2
)
 

 

 

 
(0.2
)
Total Reclassifications
$
13.1

 
$
2.6

 
$
(3.6
)
 
$
(0.9
)
 
$
9.5

 
$
1.7