Equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Equity

Equity

The following tables summarize the changes in equity (in millions):

	Three Months Ended March 31, 2013								Three Months Ended March 31, 2012
	Kansas City Southern Stockholders’ Equity			Noncontrolling Interest		Total Equity			Kansas City Southern Stockholders’ Equity			Noncontrolling Interest		Total Equity
Beginning balance	$	3,096.6		$	304.1	$	3,400.7		$	2,764.5		$	294.2	$	3,058.7
Net income	103.8			0.4		104.2			75.0			0.3		75.3
Other comprehensive income	0.6			—		0.6			0.3			—		0.3
Dividends on common stock	(23.6		)	—		(23.6		)	(21.4		)	—		(21.4		)
Dividends on $25 par preferred stock	(0.1		)	—		(0.1		)	(0.1		)	—		(0.1		)
Options exercised and stock subscribed, net of shares withheld for employee taxes	(2.2		)	—		(2.2		)	1.0			—		1.0
Tax benefit from share-based compensation	2.9			—		2.9			13.2			—		13.2
Share-based compensation	4.6			—		4.6			3.2			—		3.2
Ending balance	$	3,182.6		$	304.5	$	3,487.1		$	2,835.7		$	294.5	$	3,130.2

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the after-tax balances of each component of accumulated other comprehensive income (loss) (in millions):

	Postemployment Benefits		Foreign Currency Translation Adjustment			Unrealized Loss on Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at December 31, 2012	$	0.4	$	(2.2	)	$	(0.6	)	$	(2.4	)
Other comprehensive income before reclassifications	—		0.4			—			0.4
Amounts reclassified from accumulated other comprehensive loss	—		—			0.2			0.2
Net current-period other comprehensive income	—		0.4			0.2			0.6
Balance at March 31, 2013	$	0.4	$	(1.8	)	$	(0.4	)	$	(1.8	)

For the three months ended March 31, 2013, $0.2 million of unrealized losses on cash flow hedges before tax were reclassified from accumulated other comprehensive loss into interest expense in the consolidated statements of income. The related tax expense for the three months ended March 31, 2013, was less than $0.1 million.

Common Stock Dividend

On January 28, 2013, the Company’s Board of Directors declared a cash dividend of $0.215 per share payable on April 3, 2013, to common stockholders of record as of March 11, 2013. The aggregate amount of the dividend declared was $23.6 million.