Changes in Equity and Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2018

A summary of changes in equity for the three months ended March 31, 2018 and 2017 is provided below:



	Three Months Ended March 31,
	2018								2017
(in millions)	Total Shareholders’ Equity			Noncontrolling Interests		Total Equity			Total Shareholders’ Equity			Noncontrolling Interests		Total Equity
Balance, beginning of period	$	1,345.2		$	3.3	$	1,348.5		$	1,133.8		$	11.9	$	1,145.7
Dividends	(20.9		)	—		(20.9		)	(19.6		)	—		(19.6		)
Exercise of stock options, net of shares reacquired	4.5			—		4.5			12.8			—		12.8
Stock-based compensation expense	5.6			—		5.6			5.6			—		5.6
Cumulative effect of adoption of ASC 606	6.7			—		6.7			—			—		—
Net income	68.7			—		68.7			63.1			0.2		63.3
Other comprehensive income	35.0			—		35.0			24.3			0.2		24.5
Comprehensive income	103.7			—		103.7			87.4			0.4		87.8
Balance, end of period	$	1,444.8		$	3.3	$	1,448.1		$	1,220.0		$	12.3	$	1,232.3

Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets

The table below provides the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets.



(in millions)		Defined Benefit Pension and Postretirement Items*			Currency Translation Adjustment			Total
Balance as of December 31, 2017		$	(292.1	)	$	(88.0	)	$	(380.1	)
	Other comprehensive income before reclassifications	7.0			25.4			32.4
	Amounts reclassified from accumulated other comprehensive loss	2.6			—			2.6
Net current-period other comprehensive income		9.6			25.4			35.0
Balance as of March 31, 2018		$	(282.5	)	$	(62.6	)	$	(345.1	)

* Net of tax benefit of $115.2 million and $115.8 million as of March 31, 2018 and December 31, 2017, respectively.

Amounts Reclassified out of each Component of AOCI

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three month periods ended March 31, 2018 and 2017. Amortization of pension and postretirement components have been recorded within “Miscellaneous income” on the Condensed Consolidated Statements of Operations.



	Three Months Ended March 31,
(in millions)	2018			2017
Amortization of pension items:
Prior-service costs	$	(0.1	)	$	(0.1	)
Net loss	3.6			3.5
Amortization of postretirement items:
Prior-service costs	—			—
Net gain	(0.3		)	(0.1		)
Total before tax	$	3.2		$	3.3
Tax impact	0.6			1.0
Total reclassifications for the period	$	2.6		$	2.3