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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of changes in common shares and treasury stock
Changes in common shares and treasury stock, including the impact of the retirement described above, were as follows:
(In millions)
Common Shares
Issued
 
Treasury Stock
 
Treasury Stock -
at Cost
Balance as of January 1, 2013
206.0

 
3.5

 
$
244.6

  Stock-based compensation
0.8

 
0.2

 
18.9

  Treasury stock purchases
—

 
1.1

 
88.4

Balance as of December 31, 2013
206.8

 
4.8

 
$
351.9

 
 
 
 
 
 
  Stock-based compensation
1.0

 
0.1

 
7.9

  Treasury stock purchases
—

 
0.6

 
52.9

  Retirement of Treasury stock
(0.6
)
 
(0.6
)
 
(50.1
)
Balance as of December 31, 2014
207.2

 
4.9

 
$
362.6

 
 
 
 
 
 
  Stock-based compensation
0.5

 
—

 
—

  Treasury stock purchases
—

 
5.6

 
437.0

  Retirement of Treasury stock
(5.6
)
 
(5.6
)
 
(437.0
)
  Accelerated Share Repurchase
(10.7
)
 
—

 
$
—

Balance as of December 31, 2015
191.4

 
4.9

 
$
362.6
Schedule of changes in accumulated other comprehensive income (loss)
Changes in accumulated other comprehensive loss by component were as follows:
(Dollars 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)
 
(138.9
)
 
19.7

 
(0.2
)
 
(119.4
)
 
(3.2
)
(1
)
(1.3
)
(1
)
  Reclassification Adjustment for (Gains)/
Losses Included in Net Earnings
 
—

 
(20.6
)
 
0.1

 
(20.5
)
 
—

 
—

 
  Tax Benefit/(Expense)
 
1.0

 
1.5

 
—

 
2.5

 
—

 
—

 
  Acquisition of Noncontrolling Interest
 
(11.5
)
 
—

 
—

 
(11.5
)
 
(11.4
)
 
22.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2015
 
$
(329.8
)
 
$
(17.2
)
 
$
(0.8
)
 
$
(347.8
)
 
$
(12.7
)
 
$
—

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

 
$
(1.0
)
 
$
(69.2
)
 
$
1.9

 
$
(14.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Deferred Gains/(Losses)
 
(97.6
)
 
(52.9
)
 
—

 
(150.5
)
 
—

 
(7.2
)
(1
)
  Reclassification Adjustment for (Gains)/
  Losses Included in Net Earnings
 
—

 
(1.2
)
 
0.3

 
(0.9
)
 
—

 
—

 
  Tax Benefit/(Expense)
 
0.8

 
20.9

 
—

 
21.7

 
—

 
—

 
  Acquisition of Noncontrolling Interest
 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2014
 
$
(180.4
)
 
$
(17.8
)
 
$
(0.7
)
 
$
(198.9
)
 
$
1.9

 
$
(21.6
)
 
(1) Represents foreign currency translation adjustments.
Reclassification out of accumulated other comprehensive loss
Reclassification adjustments out of accumulated other comprehensive loss were as follows:
 
 
Years Ended December 31,
 
 
Affected Statement of Earnings Lines
 
 
 
 
(Dollars in millions)
 
Cost of Products Sold
 
Selling, General and Administrative
 
Tax Benefit/(Expense)
 
Net
 
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Forward Exchange Contracts
 
$
23.8

 
$
2.0

 
$
—

 
$
—

 
$
(5.4
)
 
$
(0.6
)
 
$
18.4

 
$
1.4

  Commodity Contracts
 
(1.8
)
 
0.1

 
—

 
—

 
0.7

 
—

 
(1.1
)
 
0.1

  Interest Rate Forward Swap
 
(1.4
)
 
(0.9
)
 
—

 
—

 
0.5

 
—

 
(0.9
)
 
(0.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and Other Post-employment Benefit Plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Prior Service Benefits
 
—

 
(0.1
)
 
0.1

 
(0.2
)
 
—

 
—

 
0.1

 
(0.3
)
Total Reclassifications
 
$
20.6

 
$
1.1

 
$
0.1

 
$
(0.2
)
 
$
(4.2
)
 
$
(0.6
)
 
$
16.5

 
$
0.3