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Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of basic and diluted earnings per share
The computation of basic and diluted earnings per share is as follows (in millions, except per share amounts):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Income from continuing operations attributable to DST Systems, Inc.
$
447.0

 
$
179.0

 
$
309.7

Income from discontinued operations, net of tax
4.5

 
248.3

 
48.5

Net income attributable to DST Systems, Inc.
$
451.5

 
$
427.3

 
$
358.2

 
 
 
 
 
 
Weighted average common shares outstanding
61.4

 
66.0

 
72.0

Incremental shares from restricted stock units and stock options
0.7

 
0.6

 
0.9

Weighted average diluted shares outstanding
62.1

 
66.6

 
72.9

 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
Continuing operations attributable to DST Systems, Inc.
$
7.28

 
$
2.71

 
$
4.30

Discontinued operations
0.07

 
3.76

 
0.67

Basic earnings per share
$
7.35

 
$
6.47

 
$
4.97

 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
Continuing operations attributable to DST Systems, Inc.
$
7.20

 
$
2.68

 
$
4.25

Discontinued operations
0.07

 
3.73

 
0.67

Diluted earnings per share
$
7.27

 
$
6.41

 
$
4.92

Schedule of accumulated other comprehensive Income
AOCI balances, net of tax, consist of the following (in millions):
 
 Available-for-Sale Securities
 
Cash Flow Hedges
 
Defined Benefit Pension
 
Foreign Currency
Translation
 
Accumulated Other
Comprehensive
Income
Balance, December 31, 2015
$
84.0

 
$
(0.1
)
 
$

 
$
(42.0
)
 
$
41.9

Net current period other comprehensive income (loss)
10.1

 

 

 
(35.4
)
 
(25.3
)
Balance, December 31, 2016
94.1

 
(0.1
)
 

 
(77.4
)
 
16.6

Net current period other comprehensive income (loss)
(93.2
)
 
0.2

 
4.1

 
73.7

 
(15.2
)
Balance, December 31, 2017
$
0.9

 
$
0.1

 
$
4.1

 
$
(3.7
)
 
$
1.4

Reclassification out of accumulated other comprehensive income
Additions to and reclassifications out of AOCI (in millions):
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
Pretax
 
Net of Tax
 
Pretax
 
Net of Tax
 
Pretax
 
Net of Tax
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available-for-sale securities
$
7.0

 
$
4.5

 
$
18.1

 
$
11.4

 
$
(35.6
)
 
$
(21.8
)
Reclassification of (gains) losses into net earnings on available-for-sale securities (1)
(155.9
)
 
(97.7
)
 
(2.1
)
 
(1.3
)
 
(163.5
)
 
(101.4
)
Net change in available-for-sale securities
(148.9
)
 
(93.2
)
 
16.0

 
10.1

 
(199.1
)
 
(123.2
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on cash flow hedges
(0.2
)
 
(0.1
)
 
0.1

 

 
0.4

 
0.4

Reclassification of losses (gains) into net earnings on foreign currency cash flow hedges (2)
0.6

 
0.3

 

 

 
(0.5
)
 
(0.3
)
Reclassification of losses (gains) into net earnings on interest rate cash flow hedges (3)

 

 

 

 
0.2

 
0.1

Net change in cash flow hedges
0.4

 
0.2

 
0.1

 

 
0.1

 
0.2

Defined benefit pension:
 
 
 
 
 
 
 
 
 
 
 
Unrealized net gains (losses) on defined benefit pension plan
5.2

 
4.1

 

 

 

 

Net change in defined benefit pension
5.2

 
4.1

 

 

 

 

Foreign currency translation (4):
 
 
 
 
 
 
 
 
 
 
 
Current period translation adjustments
36.0

 
36.0

 
(34.9
)
 
(34.9
)
 
(22.0
)
 
(22.0
)
Reclassification into net earnings upon liquidation of foreign entities (5)
(3.3
)
 
(3.3
)
 
(0.5
)
 
(0.5
)
 

 

Reclassification into net earnings upon step-up acquisition of foreign entities (6)
41.0

 
41.0

 

 

 

 

Net change in foreign currency translation
73.7

 
73.7

 
(35.4
)
 
(35.4
)
 
(22.0
)
 
(22.0
)
Total other comprehensive loss
$
(69.6
)
 
$
(15.2
)
 
$
(19.3
)
 
$
(25.3
)
 
$
(221.0
)
 
$
(145.0
)
_______________________________________________________________________
(1)
Realized (gains)/losses on available-for-sale securities are recognized in Other income, net in the Consolidated Statement of Income. See Note 5, “Investments,” for additional information.
(2)
Reclassification to net earnings of derivatives qualifying as effective foreign currency cash flow hedges are recognized in Costs and expenses in the Consolidated Statement of Income.
(3)
Reclassification to net earnings of derivatives qualifying as effective interest rate cash flow hedges are recognized in Interest expense in the Consolidated Statement of Income.
(4)
Cumulative translation adjustments are inclusive of amounts derived from assets and liabilities held for sale.
(5)
Reclassification to net earnings upon disposition of net assets classified as held for sale are recognized in Income from discontinued operations, net of tax in the Consolidated Statement of Income. See Note 4, “Discontinued Operations,” for additional information.
(6)
Reclassification to net earnings upon step-acquisition of previously-held equity interests in foreign entities are recognized in Other income, net in the Consolidated Statement of Income. See Note 3, “Significant Business Transactions,” for additional information.
Schedule of stock option activity
A summary of stock option activity is presented in the table below (shares in millions):
Options
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding at December 31, 2016
 
0.7

 
$
22.71

 
 
 
 

Exercised
 
(0.1
)
 
22.72

 
 
 
$
3.3

Outstanding at December 31, 2017
 
0.6

 
22.71

 
2.8
 
23.4

Exercisable at December 31, 2017
 
0.6

 
$
22.71

 
2.8
 
$
23.4

Schedule of restricted stock activity
A summary of non-vested restricted stock award activity is presented in the table below (units in millions):
Non-vested Restricted Stock Unit Awards
 
RSUs
 
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Conversion Ratio
 
PSUs
 
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Conversion Ratio
Non-vested at December 31, 2016
 
0.5

 
$
52.79

1.0
 
0.7

 
$
51.11

0.6
Granted
 
0.3

 
59.27

 
 
0.3

 
58.90

 
Vested
 
(0.3
)
 
52.39

 
 
(0.2
)
 
46.54

 
Forfeited
 

 
56.45

 
 
(0.3
)
 
54.13

 
Non-vested at December 31, 2017
 
0.5

 
$
56.76

1.0
 
0.5

 
$
54.79

1.6