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Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital In Excess Of Par
Retained Earnings
Treasury Shares, at cost
Accumulated Other Comprehensive Loss
Non controlling Interests
Beginning balance (in shares) at Dec. 31, 2022   220.6          
Beginning balance at Dec. 31, 2022 $ 1,500.0 $ 252.0 $ 1,537.0 $ 1,019.0 $ (887.0) $ (467.0) $ 46.0
Comprehensive income:              
Net income 61.0     61.0      
Net realized and unrealized gain (loss) on derivatives, net of tax (2.0)         (2.0)  
Foreign currency translation, net of tax 45.0         46.0 (1.0)
Comprehensive income 104.0     61.0   44.0 (1.0)
Recognition of stock-based compensation 6.0   6.0        
Shares issued under compensation plans (in shares)   0.9          
Shares issued under compensation plans 5.0 $ 1.0 4.0        
Ending balance (in shares) at Mar. 31, 2023   221.5          
Ending balance at Mar. 31, 2023 1,615.0 $ 253.0 1,547.0 1,080.0 (887.0) (423.0) 45.0
Beginning balance (in shares) at Dec. 31, 2022   220.6          
Beginning balance at Dec. 31, 2022 1,500.0 $ 252.0 1,537.0 1,019.0 (887.0) (467.0) 46.0
Comprehensive income:              
Net income 122.0            
Comprehensive income 168.0            
Ending balance (in shares) at Jun. 30, 2023   221.7          
Ending balance at Jun. 30, 2023 1,689.0 $ 253.0 1,557.0 1,141.0 (887.0) (420.0) 45.0
Beginning balance (in shares) at Mar. 31, 2023   221.5          
Beginning balance at Mar. 31, 2023 1,615.0 $ 253.0 1,547.0 1,080.0 (887.0) (423.0) 45.0
Comprehensive income:              
Net income 61.0     61.0      
Net realized and unrealized gain (loss) on derivatives, net of tax 0.0         0.0  
Long-term employee benefit plans, net of tax 1.0         1.0  
Foreign currency translation, net of tax 2.0         2.0  
Comprehensive income 64.0     61.0   3.0 0.0
Recognition of stock-based compensation 8.0   8.0        
Shares issued under compensation plans (in shares)   0.2          
Shares issued under compensation plans 2.0 $ 0.0 2.0        
Ending balance (in shares) at Jun. 30, 2023   221.7          
Ending balance at Jun. 30, 2023 1,689.0 $ 253.0 1,557.0 1,141.0 (887.0) (420.0) 45.0
Beginning balance (in shares) at Dec. 31, 2023   220.1          
Beginning balance at Dec. 31, 2023 1,773.0 $ 254.0 1,568.0 1,286.0 (937.0) (444.0) 46.0
Comprehensive income:              
Net income 39.0     41.0     (2.0)
Long-term employee benefit plans, net of tax 1.0         1.0  
Foreign currency translation, net of tax (45.0)         (45.0)  
Comprehensive income (5.0)     41.0   (44.0) (2.0)
Recognition of stock-based compensation 6.0   6.0        
Shares issued under compensation plans (in shares)   0.5          
Shares issued under compensation plans 1.0   1.0        
Ending balance (in shares) at Mar. 31, 2024   220.6          
Ending balance at Mar. 31, 2024 1,775.0 $ 254.0 1,575.0 1,327.0 (937.0) (488.0) 44.0
Beginning balance (in shares) at Dec. 31, 2023   220.1          
Beginning balance at Dec. 31, 2023 1,773.0 $ 254.0 1,568.0 1,286.0 (937.0) (444.0) 46.0
Comprehensive income:              
Net income 152.0            
Comprehensive income $ 79.0            
Shares issued under compensation plans (in shares) 0.2            
Ending balance (in shares) at Jun. 30, 2024   219.3          
Ending balance at Jun. 30, 2024 $ 1,818.0 $ 254.0 1,584.0 1,439.0 (987.0) (517.0) 45.0
Beginning balance (in shares) at Mar. 31, 2024   220.6          
Beginning balance at Mar. 31, 2024 1,775.0 $ 254.0 1,575.0 1,327.0 (937.0) (488.0) 44.0
Comprehensive income:              
Net income 113.0     112.0     1.0
Long-term employee benefit plans, net of tax 1.0         1.0  
Foreign currency translation, net of tax (30.0)         (30.0)  
Comprehensive income 84.0     112.0   (29.0) 1.0
Recognition of stock-based compensation 8.0   8.0        
Shares issued under compensation plans (in shares)   0.1          
Shares issued under compensation plans 1.0   1.0        
Common stock purchases (in shares)   (1.4)          
Common stock purchases (50.0)       (50.0)    
Ending balance (in shares) at Jun. 30, 2024   219.3          
Ending balance at Jun. 30, 2024 $ 1,818.0 $ 254.0 $ 1,584.0 $ 1,439.0 $ (987.0) $ (517.0) $ 45.0