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Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Millions
Total
Total stockholders' equity (deficit)
Common stock
Capital surplus
(Accumulated deficit) retained earnings
Treasury stock
Cumulative translation adjustment
Defined benefit postretirement plans
Cash flow hedging derivative
Non-controlling interest
Balance at beginning of period at Dec. 31, 2021 $ 3,745.3 $ 3,681.2 $ 0.0 $ 4,500.4 $ (761.8) $ (0.3) $ (52.6) $ (11.9) $ 7.4 $ 64.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 4.1 (2.3)     (2.3)         6.4
Purchase of non-controlling interest [1] (116.2) (73.8)   (73.8)           (42.4)
Reclassification of cumulative translation adjustment related to the purchase of non-controlling interest 0.0 (3.8)         (3.8)     3.8
Equity-based compensation plans 60.7 60.7   60.7            
Dividends declared [2] (43.6) (43.6)   (43.6)            
Pension adjustments, net of tax benefit (46.2) (46.2)           (46.2)    
Change in cumulative translation adjustment, net of tax (benefit) expense (124.6) [3] (115.9)         (115.9)     (8.7)
Net investment hedge derivative, net of tax benefit (expense) 2.0 [4] 2.0         2.0      
Cash flow hedge derivative, net of tax expense (benefit) 41.0 [5] 41.0             41.0  
Payment to non-controlling interest (14.1)                 (14.1)
Balance at end of period at Dec. 31, 2022 3,508.4 3,499.3 0.0 4,443.7 (764.1) (0.3) (170.3) (58.1) 48.4 9.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (43.7) (47.0)     (47.0)         3.3
Equity-based compensation plans 73.0 73.0   73.0            
Dividends declared [2] (87.5) (87.5)   (87.5)            
Pension adjustments, net of tax benefit (4.1) (4.1)           (4.1)    
Change in cumulative translation adjustment, net of tax (benefit) expense 29.9 [3] 29.8         29.8     0.1
Net investment hedge derivative, net of tax benefit (expense) (12.5) [4] (12.5)         (12.5)      
Cash flow hedge derivative, net of tax expense (benefit) (31.9) [5] (31.9)             (31.9)  
Balance at end of period at Dec. 31, 2023 3,431.6 3,419.1 0.0 4,429.2 (811.1) (0.3) (153.0) (62.2) 16.5 12.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (24.5) (28.6)     (28.6)         4.1
Equity-based compensation plans 53.0 53.0   53.0            
Dividends declared [2] (88.2) (88.2)   (88.2)            
Shares acquired under stock repurchase program (9.4) (9.4)       (9.4)        
Pension adjustments, net of tax benefit (0.4) (0.4)           (0.4)    
Change in cumulative translation adjustment, net of tax (benefit) expense (76.9) [3] (76.2)         (76.2)     (0.7)
Net investment hedge derivative, net of tax benefit (expense) 17.8 [4] 17.8         17.8      
Cash flow hedge derivative, net of tax expense (benefit) 11.4 [5] 11.4             11.4  
Balance at end of period at Dec. 31, 2024 $ 3,314.4 $ 3,298.5 $ 0.0 $ 4,394.0 $ (839.7) $ (9.7) $ (211.4) $ (62.6) $ 27.9 $ 15.9
[1] See Note 11 "Supplemental Financial Data" for further discussion.
[2] See Note 15 "Stockholders' Equity" for further discussion.
[3] Tax Expense (Benefit) of $(0.5) million, $7.9 million and $(9.9) million, for the years ended December 31, 2024, 2023 and 2022, respectively.
[4] Tax Expense (Benefit) of $6.4 million, $(4.5) million and $0.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.
[5] Tax Expense (Benefit) of $4.0 million, $(11.5) million and $14.6 million, for the years ended December 31, 2024, 2023 and 2022, respectively.